每周股票复盘：煜邦电力（688597）预计上半年净利润2120万至2500万

Core Viewpoint - Yubang Electric (688597) is experiencing a decline in expected net profit for the first half of 2025, primarily due to slower delivery of smart power products and a decrease in bidding prices affecting gross margins [1][3]. Performance Disclosure Highlights - Yubang Electric forecasts a net profit of 21.2 million to 25 million yuan for the first half of 2025, representing a year-on-year decrease of 35.47% to 45.28% - The non-recurring net profit is expected to be between 14.2 million and 16.8 million yuan, reflecting a year-on-year decline of 53.61% to 60.79% - The decline in performance is attributed to the slower-than-expected delivery of smart power products and a drop in bidding prices leading to reduced gross margins - Although the energy storage business shows revenue growth, some projects are operating at a loss due to low gross margins [1][3]. Company Announcements Summary - Yubang Electric announced a buyback period for "Yubang Convertible Bonds" from July 21 to July 25, 2025, with a buyback price of 100.00 yuan per bond (including current interest) - During the buyback period, the "Yubang Convertible Bonds" will stop converting into shares, and the buyback is not mandatory - The company held its third extraordinary general meeting of shareholders in 2025 and the first bondholders' meeting for "Yubang Convertible Bonds," where it approved the termination of certain fundraising project sub-items, project delays, and changes to the implementation entities and locations, triggering additional buyback clauses for the bonds [1].