西藏天路股份有限公司2025年半年度业绩预告

Core Viewpoint - The company, Tibet Tianlu Co., Ltd., is forecasting a significant loss for the first half of 2025, with net profit expected to be between -115 million yuan and -77 million yuan, indicating an increase in losses compared to the previous year [2][3]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of -115 million yuan to -77 million yuan for the first half of 2025, which represents an increase in losses of 9.68 million yuan to 47.68 million yuan compared to the same period last year, reflecting a year-on-year increase in losses of 14.38% to 70.83% [2][3]. - The expected net profit after deducting non-recurring gains and losses is projected to be between -83 million yuan and -45 million yuan, indicating a reduction in losses of 25.14 million yuan to 63.14 million yuan compared to the previous year, with a year-on-year decrease in losses of 23.25% to 58.39% [2][3]. Group 2: Previous Year Performance - In the same period last year, the total profit was -92.94 million yuan [5]. - The net profit attributable to shareholders was -67.32 million yuan [6]. - The net profit after deducting non-recurring gains and losses was -108.14 million yuan [7]. Group 3: Reasons for Performance Decline - The construction segment saw a significant increase in revenue due to the commencement of existing projects, but limited cost-cutting options constrained profit growth. Additionally, government investment project management in key provinces led to the completion or suspension of existing projects, resulting in decreased revenue and profit for the subsidiary [10]. - The building materials segment experienced a slight market recovery, with increased demand and sales, although profit margins were reduced due to price controls on certain projects. Overall revenue and profit still increased compared to the previous year [10]. - Other segments, such as highway supervision projects, reported increased revenue, leading to a significant reduction in net losses compared to the previous year [10]. - Non-operating gains and losses were impacted by fluctuations in the fair value of stocks held by the company, with a decrease of 39.39 million yuan affecting net profit attributable to shareholders [10].