HUAKONG SEG: Expected net profit loss of 77 million to 90 million yuan in the first half of 2025

HUAKONG SEG announced that it expects a net loss attributable to shareholders of the listed company of RMB 77 million to 90 million for the period from January 1 to June 30, 2025, compared to a net loss of RMB 55.5877 million in the same period last year, representing a year-on-year decrease of 38.52% to 61.91%. The net profit after deducting non-recurring gains and losses is expected to be a loss of RMB 27 million to 40 million, compared to a loss of RMB 56.3308 million in the same period last year, representing a year-on-year increase of 28.99% to 52.07%. The basic earnings per share are expected to be a loss of RMB 0.0765 to 0.0894 per share, compared to a loss of RMB 0.0552 per share in the same period last year. The performance change is mainly due to disputes arising from the investment contract for the lithium-ion battery anode material project signed by a subsidiary with the People's Government of Xinxing District, Qitaihe City, Heilongjiang Province, and the company has recognized a provision for expected liabilities of RMB 50 million