EPC项目收入骤降 耐普矿机前三季度净利润预将“腰斩”

Core Viewpoint - Nepean Mining's net profit for the first three quarters of 2025 is expected to decline significantly, with projections indicating a decrease of 49.32% to 45.16% year-on-year, attributed to various factors including overseas expansion impacts and a drop in EPC project revenues [2][3]. Financial Performance - The company anticipates a net profit attributable to shareholders of between 61 million to 66 million yuan, and a non-deductible net profit of 53.91 million to 58.91 million yuan, reflecting a year-on-year decline of 53.77% to 49.48% [2]. - In the third quarter of 2025, the company reported a contract signing amount that increased by 80.42% year-on-year, with domestic growth at 48.31% and international growth at 114.30% [2]. - For the first three quarters of 2025, the total contract signing amount increased by 32.21% year-on-year, with domestic growth at 11.72% and international growth at 51.44% [2]. Operational Insights - The company is continuing its global expansion by building production bases, resulting in significant capital expenditures [3]. - Fixed asset depreciation for the first three quarters of 2025 amounted to 71.71 million yuan, an increase of 14.73 million yuan compared to the same period last year [3]. - There were no EPC project revenues recognized in the first three quarters of 2025, while approximately 200 million yuan was recognized in the same period last year, contributing to the substantial decline in net profit [3]. Non-Recurring Gains - Non-recurring gains and losses are expected to impact net profit by approximately 7.09 million yuan for the first three quarters of 2025 [4].