Core Viewpoint - The company Aoji Co., Ltd. is experiencing a decline in net profit for the first half of 2025, attributed to tariff conflicts and rising logistics costs, leading to a profit warning with expected net profits between RMB 1 billion and 1.3 billion, a decrease of 50%-62% compared to the previous year [1][2]. Group 1: Financial Performance - In 2024, Aoji's revenue reached RMB 10.71 billion, with the U.S. market contributing RMB 7.55 billion, accounting for approximately 70% of total revenue [2]. - The logistics solutions business generated RMB 2.44 billion in revenue in 2024, reflecting a year-on-year growth of 47.7% [2]. - The anticipated net profit for the first half of 2025 is expected to be between RMB 1 billion and 1.3 billion, indicating a significant decline compared to the previous year's figures [1]. Group 2: Business Challenges - The company faces challenges due to tariff policy adjustments and increased logistics costs, which have significantly raised overall costs [1]. - The rapid expansion of the logistics solutions business has not yet translated into improved financial profitability, as the costs associated with newly leased warehouses have increased due to asset amortization [3]. - The strategic incubation projects are still in the early stages, leading to high initial costs that dilute overall profits [4]. Group 3: Strategic Initiatives - Aoji plans to implement several measures to adapt to the current market conditions, including adjusting end-user prices, exploring emerging markets, and enhancing its global supply chain [2]. - The company is expanding its global warehousing network and establishing more smart warehousing centers to improve logistics capabilities, with an additional warehouse area of 3.18 million square feet added in 2024 [2].
“华南城四少”傲基股份延续“增收不增利”