QIXIANG TENGDA: Net profit decreased by over 79% year-on-year

QIXIANG TENGDA announced that it expects the net profit attributable to shareholders of the listed company in the first half of 2025 to be between 19 million and 28.5 million yuan, a decrease of 79.49% to 86.33% compared to the same period last year, which was 139 million yuan. The net profit after deducting non-recurring gains and losses is expected to be between 18 million and 27 million yuan, a year-on-year decrease of 78.3% to 85.53%. The basic earnings per share are expected to be between 0.01 yuan and 0.01 yuan, compared to 0.05 yuan in the same period last year. The decline in performance is mainly affected by factors such as geopolitical conflicts, uncertainty in tariff policies, sluggish downstream demand in the domestic chemical industry, and intensified competition in the same industry. The announcement emphasizes that the performance data has not been audited by an accounting firm