JONJEE(SH:600872) Ge Long Hui A P P·2025-09-12 06:41Group 1 - The core viewpoint of the report indicates that Zhongju Gaoxin's performance is under pressure, with a significant decline in revenue and net profit for the first half of 2025 compared to the previous year [1] - In H1 2025, the company achieved revenue and net profit of 2.132 billion and 257 million yuan, representing a year-on-year decrease of 18.58% and 26.56% respectively [1] - For Q2 2025, the revenue and net profit were 1.03 billion and 76 million yuan, showing a year-on-year decline of 9.11% and 31.57% [1] Group 2 - The report highlights that the seasoning industry is experiencing slow revenue growth, coupled with weak consumer demand and intense market competition, which may continue to pressure the company's performance in 2025 [1] - The profit forecast has been adjusted, with expected revenues for 2025-2027 set at 4.9 billion, 5.3 billion, and 5.7 billion yuan, reflecting a year-on-year change of -11%, +8%, and +8% respectively [1] - The expected net profit for the same period is projected to be 690 million, 810 million, and 910 million yuan, with year-on-year changes of -22%, +17%, and +12% respectively [1] Group 3 - The report notes that the company is facing internal reform challenges in the short term, but the long-term development outlook remains optimistic [1] - Under the leadership of the new chairman, the company is expected to enter a growth phase [1] - The report maintains a "buy" rating for the company, indicating confidence in its future performance [1]