Core Viewpoint - China High Precision (00591) reported a significant decline in both revenue and net profit for the six months ending December 31, 2025, primarily due to project delays affecting sales in the industrial automation instrument sector, particularly in the oil and petrochemical industries [1] Financial Performance - Revenue for the period was 85.48 million yuan, representing a year-on-year decrease of 26.48% [1] - Net profit was 3.788 million yuan, down 76.04% compared to the previous year [1] - Earnings per share stood at 0.37 cents [1] Contributing Factors - The decline in revenue was mainly attributed to delays in projects, which led to reduced sales of industrial automation instruments in the oil and petrochemical sectors [1] - The slight growth in revenue from contract manufacturing services for automation instruments and technology products partially offset the decline [1] - The decrease in net profit was influenced by reduced sales of industrial automation instruments and an increase in foreign exchange losses [1] - Other income increased due to the reversal of provisions for Chinese medical insurance and housing provident fund, as well as a reversal of inventory write-downs amounting to approximately 764,000 yuan [1]
中国高精密(00591)公布中期业绩 净利378.8万元 同比减少76.04%