FangDa Carbon(SH:600516) Xin Lang Cai Jing·2025-08-15 21:04Core Viewpoint - At least seven companies have announced plans for significant investments in securities, with amounts exceeding 1 billion RMB, highlighting a trend of companies turning to stock investments amid declining core business performance [1] Group 1: Company Performance - Fangda Carbon's net profit for the first half of 2025 is projected to be between 50.02 million and 60 million RMB, representing a year-on-year decrease of 65.13% to 70.93% [2] - The company's net profit excluding non-recurring items for the first half of 2025 is expected to be only around 1 million RMB, indicating a risk of losses if performance declines further [2] - Fangda Carbon's net profit has significantly dropped from 5.526 billion RMB in 2018 to just 46 million RMB in 2024, showcasing a severe decline over seven years [1] Group 2: Investment Strategy - Fangda Carbon plans to invest up to 2.4 billion RMB of its own funds in securities, with the ability to roll over these funds and reinvest any returns [1] - The company has reported non-recurring losses from stock investments of -197 million RMB in 2022, -226 million RMB in 2023, and a gain of 115 million RMB in 2024, indicating volatility in investment performance [3] - The reliance on securities investment to supplement earnings raises concerns about financial stability, especially when core business growth is uncertain [3]