SHANGHAI ENERGY(SH:600508) Zheng Quan Zhi Xing·2025-07-11 16:13Core Viewpoint - The company anticipates a significant decline in net profit for the first half of 2025, projecting a decrease of over 50% compared to the same period last year [1][2]. Financial Performance Summary - The estimated net profit attributable to the parent company for the first half of 2025 is expected to be between 190 million to 230 million yuan, representing a decrease of 242 million to 282 million yuan, or a decline of 51.27% to 59.75% year-on-year [1][2]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between 183 million to 225 million yuan, reflecting a decrease of 245 million to 287 million yuan, or a decline of 52.13% to 61.06% year-on-year [2]. Previous Year Comparison - In the same period last year, the total profit was 625.60 million yuan, with a net profit attributable to the parent company of 471.62 million yuan and a net profit after deducting non-recurring gains and losses of 470.02 million yuan [2]. - The earnings per share for the previous year were 0.65 yuan [2]. Reasons for Profit Decline - The significant year-on-year decline in operating performance is primarily attributed to a decrease in the average selling price of premium coal by 414.32 yuan per ton, a drop of 30.42%. Additionally, the implementation of disaster management projects at the Xu Zhuang coal mine, which resulted in no coal production in the first quarter, has also impacted the company's performance [2][3]. Strategic Response - In response to the challenging operational environment, the company is implementing a multi-faceted approach to stabilize production capacity, including scientific planning in production, targeted marketing strategies, and efforts to enhance quality and reduce costs [3].