Core Viewpoint - The company, Xingye Alloy (00505.HK), expects a significant decrease of approximately 50% in the profit attributable to equity shareholders for the fiscal year ending December 31, 2025, compared to the expected profit of RMB 241.2 million for the fiscal year ending December 31, 2024 [1] Group 1: Profit Forecast - The anticipated profit for the fiscal year 2025 is expected to be substantially lower due to several factors [1] Group 2: Contributing Factors - The company has incurred significant losses due to the rapid increase in copper prices in the fourth quarter of 2025, as it uses copper futures contracts to hedge against price volatility [1] - Increased labor costs resulting from the hiring of new employees and salary adjustments have contributed to the profit decline [1] - The acquisition of new equipment and other infrastructure has led to higher depreciation costs [1] - The cancellation of certain export tax rebate policies by the Chinese government has resulted in reduced gross margins for overseas sales of copper products [1]

智通财经APP讯，兴业合金(00505)公布，该集团预期2025年权益股东应占溢利同比减少约50%。溢利预 期减少主要归因于以下原因：(1)公司采用铜期货合约对冲铜价波动风险。由于2025年第四季度铜价快 速大幅上涨，公司取得重大亏损;(2)新增僱员及调薪导致人工成本增加;(3)购置新设备及其他基础设施导 致折旧成本增加;及 (4)中国政府取消部分铜材产品出口退税政策导致海外销售毛利减少。 （原标题：兴业合金(00505)发盈警 预期2025年权益股东应占溢利同比减少约50%） ...

Core Viewpoint - The company expects a decrease of approximately 25% in profit attributable to equity shareholders for the six months ending June 30, 2025, compared to the same period in 2024 [1] Summary by Relevant Categories Financial Performance - The anticipated profit attributable to equity shareholders for the period is expected to be around RMB 141 million, reflecting a significant decline from the previous period [1] Cost Factors - The decrease in profit is primarily attributed to increased labor costs due to new hires and salary adjustments [1] - Additional depreciation costs are expected from the acquisition of new equipment and other infrastructure [1] Market Conditions - The cancellation of certain export tax rebate policies by the Chinese government has led to a reduction in gross profit from overseas sales of copper products [1]