*ST正平: 正平股份2025年半年度业绩预告

Performance Forecast - The company anticipates a net profit attributable to shareholders for the first half of 2025 to be between -85 million yuan and -125 million yuan, indicating an increase in losses year-on-year [1][2] - After excluding non-recurring gains and losses, the expected net profit is projected to be between -80 million yuan and -120 million yuan, also reflecting an increase in losses compared to the previous year [1][2] Previous Year Comparison - In the same period of 2024, the company reported a total profit of -93.82 million yuan, with a net profit attributable to shareholders of -78.40 million yuan; after excluding non-recurring gains and losses, the net profit was -74.90 million yuan [1][2] Reasons for Performance Change - The decline in performance is attributed to reduced local infrastructure investment, decreased market demand in the construction industry, and intensified competition, leading to fewer new orders and a drop in construction revenue [2] - Increased litigation costs and overdue payment interest, along with tighter cash flow from project owners, have resulted in a decrease in project receivables compared to the same period last year, contributing to an expected increase in credit impairment losses [2]