SHIMAO ENERGY(SH:605028) Shang Hai Zheng Quan Bao·2025-10-14 20:05Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, primarily due to decreased demand for steam sales and lower prices influenced by coal price fluctuations [3][5]. Group 1: Performance Overview - For the first half of 2025, the company achieved operating revenue of 157.06 million yuan, a year-on-year decrease of 15.03% [3]. - The main business revenue was 128.49 million yuan, down 17.32% year-on-year [3]. - The net profit attributable to the parent company was 63.17 million yuan, a decline of 6.64% compared to the previous year [3]. - Total assets at the end of the reporting period were 1.47 billion yuan, with net assets attributable to the parent company at 1.31 billion yuan, representing decreases of 6.26% and 4.71% respectively [3]. - Basic earnings per share were 0.39 yuan, down 7.14% year-on-year [3]. Group 2: Business Strategy and Future Plans - The company aims to expand its traditional heating business and enhance its operational efficiency by leveraging its experience in solid waste treatment and coal-fired cogeneration projects [4]. - The company is committed to providing clean, efficient, stable, and reliable comprehensive energy services while focusing on technological and management innovations to improve efficiency [4]. - The company plans to utilize its heat sources for sludge drying treatment, promoting resource recycling and environmental protection [4]. Group 3: Market Demand and Pricing - The heating segment contributed significantly to the company's performance, although steam sales prices decreased year-on-year due to coal price fluctuations [5].