濮耐股份：2025年上半年净利润下降48.26%

Core Points - Puyang Nayi Co., Ltd. reported a revenue of 2.794 billion yuan for the first half of 2025, representing a year-on-year increase of 3.57% [1] - The company's net profit attributable to shareholders decreased significantly by 48.26% to 68.9032 million yuan, while the net profit after deducting non-recurring gains and losses fell by 44.85% to 53.9168 million yuan [1] - The decline in net profit is attributed to a challenging domestic market for refractory materials, increased competition, and a decrease in gross profit margins due to lower settlement prices [1] - The company also faced a slowdown in customer payments, leading to an increase in accounts receivable and higher credit impairment losses [1] Shareholding Changes - Recently, some family members of the actual controller of Puyang Nayi, Liu Baikuan, reduced their shareholdings, with a total of 9.7269 million shares sold, accounting for 0.932% of the total share capital [1] - Following the completion of the share reduction plan, three family members no longer hold shares in the company, resulting in a change in the number of family members acting in concert from 11 to 8 [1] - During the reduction process, Liu Baichun exceeded the pre-disclosed limit by selling 6.8999 million shares, which was attributed to an operational error in inputting the number of shares to be sold [2]