ETERN(SH:600105) Zheng Quan Zhi Xing·2025-07-11 11:19Core Viewpoint - The company anticipates a significant increase in net profit for the first half of 2025, projecting a rise of over 50% compared to the same period last year, primarily driven by investment income from an associated enterprise [1][2]. Performance Forecast - The company expects to achieve a net profit attributable to shareholders of between 260 million yuan and 320 million yuan for the first half of 2025, representing an increase of 22.87 million yuan to 28.87 million yuan compared to the same period last year, which translates to a growth of 731% to 922% [2][3]. - The projected net profit after deducting non-recurring gains is estimated to be between 260 million yuan and 288.68 million yuan, indicating a year-on-year increase of 1,073% to 1,354% [1][2]. Reasons for Profit Increase - The substantial increase in net profit is mainly attributed to the recognition of approximately 290 million yuan in investment income from the associated enterprise Dongchang Investment Development Co., Ltd., which benefited from gains realized from the disposal of a subsidiary in the real estate sector [3]. - Dongchang Investment's subsidiary, Shanghai Pucheng Real Estate Development Co., Ltd., transferred 82.34% of its equity in Shanghai Dongjiao Real Estate Development Co., Ltd. to Shanghai Jiuyun Chenghe Enterprise Management Co., Ltd., with over 50% of the transfer payment already received [3].