KangLongDa(SH:603665) Shang Hai Zheng Quan Bao·2025-07-14 19:22Core Viewpoint - Zhejiang Kanglongda Special Protective Technology Co., Ltd. is expected to achieve a turnaround in net profit for the first half of 2025, with projected net profit ranging from 85 million to 120 million yuan, compared to a loss in the same period last year [2][3]. Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025 [2]. - The company anticipates a net profit attributable to shareholders of the parent company between 85 million and 120 million yuan, indicating a significant improvement from the previous year's loss [3]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 10 million and 45 million yuan [3]. Previous Year Performance - In the same period last year, the total profit was -44,955,864.91 yuan, with a net loss attributable to shareholders of -50,129,607.57 yuan [5]. - The net profit after deducting non-recurring gains and losses was -24,007,994.14 yuan, and the earnings per share were -0.31 yuan [5]. Reasons for Profit Turnaround - The hand protection product business has benefited from strategic advantages in the Vietnam base, which has improved production and sales rates, contributing significantly compared to the previous year [5]. - The lithium salt product business continues to face challenges due to low market prices and demand, leading to ongoing inventory impairment provisions [5]. - The transfer of the subsidiary Global Glove and Safety Manufacturing, Inc. to Globus Americas Holdings, LLC has generated substantial investment income [7]. Non-Operating Gains and Losses - The company has a significant volume of foreign exchange settlement business primarily in USD, and previous losses from foreign exchange derivative transactions have been settled, with no major impact on current performance [7].