Core Viewpoint - China Daye Non-Ferrous Metals (00661) anticipates a revenue of approximately RMB 29.306 billion for the six months ending June 30, 2025, representing a year-on-year decrease of about 10.72% [1] - The company expects a gross profit of approximately RMB 514 million, a year-on-year decrease of about 37.47% [1] - A net loss of approximately RMB 6 million is projected for the period, contrasting with a profit of approximately RMB 148 million in 2024 [1] Revenue and Profit Analysis - The expected revenue decline is attributed to a combination of accelerated release of domestic and international smelting capacity and tight supply of copper concentrate [1] - The sustained low level of smelting processing fees and reduced product output have contributed to the decrease in revenue and narrowed profit margins [1] Financial Performance Outlook - The board of directors indicates that the anticipated net loss for the first half of 2025 is primarily due to the reduction in gross profit [1] - The significant drop in gross profit reflects the challenges faced by the company in the current market environment [1]