Doublestar: Expected net loss of RMB 155 million to RMB 195 million in the first half of 2025

Doublestar announced that from January 1, 2025, to June 30, 2025, it is expected to incur a net loss attributable to shareholders of the listed company of between 155 million yuan and 195 million yuan, a decrease of 171.47% to 241.52% compared to the same period last year; the net profit after deducting non-recurring gains and losses is expected to be a loss of between 180 million yuan and 220 million yuan, a decrease of 162.80% to 221.20% compared to the same period last year; the basic earnings per share are expected to be a loss of 0.19 yuan/share to 0.24 yuan/share. The reasons for the company's performance changes during the reporting period include that the new car tire project at the factory in Cambodia is still under construction, the high proportion of truck and bus tires affects the sales gross margin, and the overall raw material costs have increased year-on-year due to the rise in natural rubber prices by more than 15%