WSFR: It is expected that the net profit for the first half of 2025 will decrease by 56.15% year-on-year to 70.77%

WSFR announced that it expects to achieve a net profit attributable to shareholders of the listed company of between 22 million and 33 million yuan for the first half of 2025, a year-on-year decrease of 56.15% to 70.77%. After deducting non-recurring gains and losses, it expects to achieve a net profit attributable to shareholders of the listed company of between 19 million and 28 million yuan for the first half of 2025, a year-on-year decrease of 69.33% to 79.19%. This is mainly due to the company's wholly-owned subsidiary, Shandong Wansheng New Materials Co., Ltd., which is building a new production base, and the capacity ramp-up has not fully released scale effects. During this reporting period, the increase in costs such as fixed asset depreciation and management expenses has led to a decrease in the company's net profit compared to the same period last year