Group 1 - The company, Beijing Enterprises Urban Resources (03718), expects a significant decrease of approximately 70% to 75% in profit attributable to shareholders for the first half of 2025 compared to the same period in 2024, primarily due to an asset impairment loss provision of approximately RMB 162 million [1] - The company’s subsidiary, Xianju Pingfu Environmental Technology Co., Ltd., which focuses on hazardous waste treatment, has suspended operations due to an unexpected leakage incident discovered in early 2024, despite having completed facility construction and trial operations in late 2022 [1] - The company has strategically decided to cease operations of the Xianju project to focus on other sustainable growth opportunities, citing competitive pressure and a significant decline in local disposal prices since the project's inception [1] Group 2 - The asset impairment provision for the first half of 2025 is approximately RMB 162 million, which includes a property and plant impairment loss provision of about RMB 95.44 million, equipment impairment loss provision of approximately RMB 65.79 million, and other intangible asset impairment loss provision of about RMB 294,000 [2] - This asset impairment is expected to reduce the profit attributable to shareholders by approximately RMB 162 million for the first half of 2025; however, it will be a one-time non-cash expense and is not anticipated to impact the group's cash flow [2]
北控城市资源发盈警，预期上半年股东应占溢利同比减少约70%至75%