Core Viewpoint - Hongxing Co., Ltd. (001209) expects a significant decline in net profit for the first half of 2025, primarily due to the absence of insurance compensation and increased competition in the industry [1] Financial Performance - The estimated net profit attributable to shareholders for January 1 to June 30, 2025, is projected to be between 10.5 million yuan and 13.5 million yuan, representing a decrease of 78.49% to 83.27% compared to the same period last year, which was 62.76 million yuan [1] - The net profit after deducting non-recurring gains and losses is expected to be between 8.1 million yuan and 11.1 million yuan, down 58.68% to 69.85% from 26.86 million yuan in the previous year [1] - The basic earnings per share are anticipated to be between 0.08 yuan and 0.10 yuan, compared to 0.48 yuan per share in the same period last year [1] Factors Influencing Performance - The decline in performance is mainly attributed to the lack of insurance compensation income of 46.5 million yuan received in the previous year [1] - Increased industry competition has led to a decrease in sales gross margin [1] - The completion and transfer of construction projects to fixed assets have resulted in increased period expenses [1]
洪兴股份：预计2025年上半年净利润同比下降78.49% -83.27%