Summary of Key Points Core Viewpoint - Zhejiang Aokang Footwear Co., Ltd. expects a significant net loss of approximately 87 million yuan for the first half of 2025, primarily due to macroeconomic downturns, weak consumer demand, and intensified industry competition [1]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of approximately -87 million yuan for the first half of 2025 [1]. - The previous year's net profit attributable to shareholders was -19.83 million yuan, with a net profit of -57.57 million yuan after deducting non-recurring gains and losses [1]. - The expected revenue for the current period is 1.081 billion yuan, representing a decline of about 21% compared to the same period last year [1]. Group 2: Financial Status - The company reported a loss per share of -0.0494 yuan in the previous year [1]. - The current performance forecast has not been audited by a registered accounting firm [1].

Group 1 - The company expects a net profit attributable to shareholders in the range of -4.8 million to -7.2 million yuan for the first half of 2025, representing an improvement in loss by 10.8 million to 8.4 million yuan compared to the same period last year [1][3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between -5.7 million and -8.1 million yuan [3] - The previous year's net profit attributable to shareholders was -15.6 million yuan, indicating a significant reduction in losses for the current period [3] Group 2 - The company has implemented various cost control measures, including organizational adjustments, personnel optimization, enhanced internal collaboration, and technological innovations to improve operational performance [2] - The total profit for the previous year was -21.53 million yuan, with a net profit of -15.6 million yuan attributable to shareholders [3] - The company emphasizes that the forecast data is preliminary and the final financial figures will be disclosed in the official 2025 semi-annual report [3]

Group 1 - The company expects a positive net profit for the period from January 1, 2025, to June 30, 2025, indicating either a turnaround or an increase compared to the previous period [1] - The decline in net profit attributable to shareholders is primarily due to a one-time gain from the sale of a 4.3033% stake in Zhejiang Kesheng Technology Co., Ltd. in the previous year, which generated a non-recurring net profit of 231 million yuan [2] - The increase in net profit after excluding non-recurring gains is attributed to improved management of accounts receivable, reduced credit impairment losses, controlled management expenses, and a slight increase in gross profit margin for core business operations [2] Group 2 - The company disclosed its second-quarter order data for 2025, with figures presented in millions of yuan, excluding tax [6] - The order data is based on internal statistics and has not been audited, thus it cannot be directly used to infer revenue or net profit [6]

Group 1 - The company expects a net profit attributable to shareholders for the first half of 2025 to be between 439 million to 571 million yuan, representing an increase of approximately 56.53% to 103.59% compared to the same period last year [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 138 million to 182 million yuan, which is a decrease of approximately 2.17% to 25.82% compared to the same period last year [1][2] - The significant increase in net profit is mainly due to a notable rise in non-recurring gains, particularly from the fair value increase of the invested enterprise Sichuan Huafeng Technology Co., Ltd [2] Group 2 - The company aims to maintain strategic focus in the second half of 2025, emphasizing user-centric approaches and enhancing core competitiveness [3] - The operational strategy includes responding to risks while seizing opportunities, strengthening foundations to improve efficiency, and innovating for development [3] - The company is committed to optimizing operational quality and fostering new growth drivers to achieve high-quality sustainable development [3]

Performance Forecast - The company expects a net profit attributable to shareholders of approximately 50 million to 55 million yuan, representing a year-on-year decline of 43.29% to 48.44% compared to 96.9774 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses is estimated to be around 46.26 million to 51.26 million yuan, a decrease of 44.93% to 50.30% from 93.0878 million yuan in the previous year [1] Reasons for Performance Change - The primary reason for the decline in performance is a reduction in output, which is attributed to external technical input delays affecting production scheduling despite good order conditions [1] - Changes in the product structure delivered to customers, with an increase in larger equipment and tower devices, have led to longer manufacturing times and increased workload, contributing to a decrease in gross profit by approximately 40 million yuan [2] - Slower collection of payments and longer aging of accounts receivable have increased risks, resulting in a higher provision for credit impairment compared to the same period last year [2]

Performance Forecast - The company expects a net profit of between 28 million and 42 million yuan for the period from January 1, 2025, to June 30, 2025, which represents a decrease of 4.31% to 36.20% compared to the same period last year, where the net profit was 43.89 million yuan [1] - The expected net profit after deducting non-recurring gains and losses is between 20 million and 30 million yuan, reflecting a decline of 14.89% to 43.26% from the previous year's figure of 35.26 million yuan [1] - The basic earnings per share are projected to be between 0.0553 yuan and 0.0829 yuan, compared to 0.0867 yuan in the same period last year [1] Reasons for Performance Change - The decline in profitability is attributed to several factors, including a decrease in the prices of certain products, an increase in procurement costs due to the appreciation of the Japanese yen, and increased research and development expenditures [1] - Non-recurring gains and losses are expected to impact the net profit attributable to shareholders by approximately 9.74 million yuan, primarily due to changes in the fair value of bank wealth management products held by the company [1]

Performance Forecast - The company expects a net profit attributable to shareholders to range from a loss of 2.65 million to a profit of 10.60 million yuan, compared to a loss of 2.65 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses is projected to be between a loss of 6.20 million and a profit of 4.17 million yuan, compared to a loss of 6.20 million yuan in the same period last year [1] - Basic earnings per share are expected to be between a loss of 0.0047 yuan and a profit of 0.0189 yuan per share [1] Revenue and Growth - The company's operating revenue is projected to be between 13.21 million and 19.60 million yuan, compared to 19.20 million yuan in the same period last year [1] - The company has been expanding its business, leading to steady growth in operating revenue [1] Reasons for Performance Changes - The increase in marketing expenses, which are recognized as a one-time cost, has led to a temporary net profit loss despite user revenue being recognized over the service period [1] - The company granted restricted stock options for 2024, which increased share-based payment expenses, further contributing to the rise in costs [1]

Performance Forecast - The company expects a net profit of 80 million to 100 million yuan for the first half of 2025, indicating a significant increase of 293.36% to 391.70% compared to the same period last year, where the profit was 20.34 million yuan [1] - The basic earnings per share are projected to be between 0.088 yuan and 0.109 yuan, compared to 0.022 yuan per share in the previous year [1] Non-Recurring Gains - The company reported substantial non-recurring gains, including approximately 39 million yuan from fair value changes of financial assets and about 34 million yuan from investment income from Huishang Bank, totaling around 73 million yuan [1]

Performance Forecast - The company expects a net profit attributable to shareholders in the range of 130 million to 180 million yuan, a decrease of 62.01% to 47.40% compared to the same period last year, where the profit was 342.18 million yuan [1] - The net profit after deducting non-recurring gains is projected to be between 120 million and 170 million yuan, an increase of 28.24% to 81.67% compared to the previous year's 93.57 million yuan [1] Reasons for Performance Changes - The decline in net profit attributable to shareholders is primarily due to a one-time gain from the sale of a 4.3033% stake in Zhejiang Kesheng Technology Co., Ltd. last year, which contributed 231 million yuan to non-recurring net profit, with this year's one-time gains being significantly lower [1] - The increase in net profit after deducting non-recurring gains is attributed to improved management of accounts receivable, a significant reduction in credit impairment losses, and a decrease in management expenses and R&D costs compared to the previous year [2] Communication with Auditors - The company has communicated with the auditing firm regarding the performance forecast, and there are no discrepancies between the two parties [1]

Core Viewpoint - The company, Jiangsu Sihuan Biological Co., Ltd., anticipates a significant increase in revenue for the first half of 2025, despite reporting a net loss attributed to various operational challenges [1][2]. Financial Performance Summary - Expected operating revenue for the period is projected to be approximately 105.81 million yuan, representing a year-on-year growth of 70.12% to 79.57% [1]. - The net loss attributable to shareholders is estimated to be between 9 million to 13 million yuan, compared to a loss of 11.06 million yuan in the same period last year, indicating a decrease of 17.56% to 18.61% [1]. - The net loss after deducting non-recurring gains and losses is expected to be between 10 million to 14 million yuan, a decline of 42.75% to 1.96% compared to a loss of 9.81 million yuan last year [1]. - Basic earnings per share are projected to be between -0.0126 yuan and -0.0087 yuan, compared to -0.0107 yuan per share in the previous year [1]. Reasons for Performance Changes - The primary reason for the company's losses is a slight decline in revenue from its subsidiary, Beijing Sihuan Biological Pharmaceutical Co., Ltd., along with increased management expenses due to legal fees related to a securities fraud case [2]. - Conversely, the increase in operating revenue is attributed to a strategic cooperation agreement between its wholly-owned subsidiary, Jiangsu Chenwei Ecological Park Technology Co., Ltd., and Jiangyin Xinganfa Trading Co., Ltd., leading to a substantial rise in sales of seedlings [2]. Other Relevant Information - The performance forecast is based on preliminary estimates from the company's finance department, with final figures to be confirmed in the official half-year report for 2025 [2].