Core Viewpoint - The company Guochuang Gaoxin (002377) expects a net profit attributable to shareholders ranging from 0 to 2 million yuan for the first half of 2025, a significant improvement from a loss of 13.4555 million yuan in the same period last year [1] Financial Performance - The net profit after deducting non-recurring gains and losses is projected to be a loss of 1 million to a profit of 1 million yuan, compared to a loss of 13.6341 million yuan in the previous year [1] - Basic earnings per share are expected to be between 0 yuan and 0.0022 yuan, while the previous year recorded a loss of 0.0147 yuan per share [1] Business Development - In the first half of 2025, the company plans to expand its business in the East China market, leading to an increase in asphalt sales compared to the same period last year [1] - The company has implemented cost reduction and efficiency enhancement measures, resulting in a decrease in expenses year-on-year, contributing to an increase in net profit [1]

柘中股份（002346）公告，2025年1月1日至2025年6月30日，预计归属于上市公司股东的净利润为1.2亿 元～1.8亿元，上年同期为亏损1.51亿元；扣除非经常性损益后的净利润为3400万元～5000万元，上年同 期为盈利4700.62万元；基本每股收益为0.28元/股～0.42元/股，上年同期为亏损0.35元/股。报告期内， 公司主营业务经营平稳，因持有的金融类资产公允价值变动，导致净利润扭亏为盈。 ...

万业企业公告，预计2025年半年度归属于母公司所有者的净利润为3000万元至4000万元，与上年同期相 比，将实现扭亏为盈。预计2025年半年度归属于母公司所有者的扣除非经常性损益的净利润为-2000万 元至-1000万元。 ...

中电电机（603988）公告，预计2025年半年度实现归属于母公司所有者的净利润约为3800万元左右，与 上年同期相比，将实现扭亏为盈。预计2025年半年度实现归属于母公司所有者的扣除非经常性损益的净 利润约为2100万元左右。 ...

醋化股份（603968）公告，预计2025年半年度实现归属于上市公司股东的净利润为0万元到500万元，同 比实现扭亏为盈。预计2025年半年度归属于上市公司股东的扣除非经常性损益后的净利润为-800万元到 0万元。公司积极应对市场变化，加大营销拓展力度，优化生产组织、改进装备工艺、推进降本增效等 措施，提升产品盈利空间，缓解市场竞争压力。 ...

南山控股（002314）公告，预计2025年1月1日至2025年6月30日归属于上市公司股东的净利润为7700万 元至1.07亿元，上年同期为亏损1.18亿元。扣除非经常性损益后的净利润为7600万元至1.06亿元，上年 同期为亏损1.33亿元。基本每股收益预计为0.0284元/股-0.0395元/股，上年同期为亏损0.0436元/股。公 司部分房地产开发项目进入结算期，结转收入同比增加，实现归属于上市公司股东的净利润扭亏为盈。 ...

Core Viewpoint - The company expects to achieve a net profit of approximately 21 million yuan for the first half of 2025, marking a year-on-year increase of about 40.3 million yuan, thus turning from loss to profit [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately 21 million yuan for the first half of 2025, a significant improvement from a loss in the previous year [1] - The expected net profit excluding non-recurring gains and losses is approximately -6.5 million yuan, which represents an increase of about 28.6 million yuan year-on-year, indicating a substantial reduction in losses [1] - The overall operating revenue is expected to show steady growth compared to the same period last year [1] Business Development - The company continues to advance the development of various business segments, contributing to the overall positive financial outlook [1] - The subsidiary, Jiangsu High-tech Industry Investment Co., Ltd., has turned from loss to profit compared to the previous period [1] Non-recurring Gains - Non-recurring gains are expected to be around 27.5 million yuan, compared to 15.8 million yuan in the same period last year, primarily due to increased earnings from overseas subsidiaries through securities investments [1]

Core Viewpoint - Fujian Cement (600802) is expected to achieve a net profit attributable to shareholders of approximately 20.67 million yuan for the first half of 2025, marking a turnaround from a loss in the same period last year [1] Financial Performance - The company anticipates a net profit attributable to shareholders after deducting non-recurring gains and losses of about 12.86 million yuan for the first half of 2025 [1]

Core Viewpoint - The company, Madi Technology, expects to achieve a net profit of 25 million to 27 million yuan in the first half of 2025, marking a turnaround from a loss of 76.3352 million yuan in the same period last year [1] Financial Performance - The anticipated net profit for the first half of 2025 is projected to be between 25 million and 27 million yuan, compared to a loss of 76.3352 million yuan in the previous year [1] - The expected net profit attributable to the parent company, excluding non-recurring gains and losses, is estimated to be between 4 million and 6 million yuan [1]

Investment Rating - The report recommends a "Buy" rating for the industry, predicting that the industry index will outperform the Shanghai Composite Index by 10% or more during the specified period [4]. Core Insights - In Q1 2025, the silver equivalent production increased by 49% year-on-year to 239.86 tons, with net profit turning from a loss to a profit of 6.2 million USD [1][3]. - The company achieved a record EBITDA of 98.8 million USD in Q1 2025, significantly up from 6.6 million USD in Q1 2024, reflecting strong operational performance [5][9]. - The average realized price for silver equivalent was 32.50 USD/ounce, marking a 37% increase year-on-year [1][9]. Production and Operational Performance - Q1 2025 silver production reached 3,704,503 ounces (115.22 tons), representing a 57% increase quarter-on-quarter and an 88% increase year-on-year [1][9]. - Gold production in Q1 2025 was 36,469 ounces (1.13 tons), showing a decrease of 8% quarter-on-quarter but a slight increase of 1% year-on-year [1][9]. - The total ore processed in Q1 2025 was 944,373 tons, a 27% increase from Q4 2024 and a 60% increase from Q1 2024 [9]. Financial Performance - The company's revenue for Q1 2025 was 243.9 million USD, a 130% increase year-on-year and a 42% increase quarter-on-quarter [2][9]. - Mine operating earnings reached 63.8 million USD, a significant increase from a loss of 0.3 million USD in Q1 2024 [3][9]. - The adjusted net profit for Q1 2025 was 20.9 million USD, compared to an adjusted net loss of 18.4 million USD in Q1 2024, reflecting a 213% increase [5][9]. Cash Flow and Capital Expenditures - As of the end of Q1 2025, the company's cash and restricted cash balance reached a historical high of 462.6 million USD, a 50% increase from the end of Q4 2024 [6][9]. - Capital expenditures totaled 51 million USD in Q1 2025, an 81% increase compared to 28.2 million USD in Q1 2024, primarily due to the inclusion of Cerro Los Gatos [7][9].