Core Viewpoint - China Qinfa (00866) reported a significant increase in revenue for the first half of 2025, but also faced a substantial loss attributed to resource depletion in its Shanxi mining operations [1] Financial Performance - The company achieved revenue of RMB 1.089 billion, representing a year-on-year increase of 120.79% [1] - The loss attributable to shareholders was RMB 126 million, compared to a profit of RMB 43.02 million in the same period last year [1] Operational Challenges - The primary reason for the loss was the termination of operations at certain mines in Shanxi due to resource depletion [1] - The company plans to divest these underperforming assets from the listed entity in the second half of the year, which is expected to have a positive impact on future performance [1] Future Outlook - Analysts at Guosheng Securities anticipate a recovery in performance for the second half of the year, as the company will operate with a lighter asset load [1] - The company is projected to achieve attributable net profits of RMB 160 million, RMB 680 million, and RMB 1.15 billion for the years 2025, 2026, and 2027, respectively [1]
中国秦发涨近4% 机构看好下半年公司轻装上阵业绩有望恢复