GGECO: Net profit loss of 12.2547 million yuan in the first half of 2025

GGECO announced that its operating revenue in the first half of 2025 was 231 million yuan, a year-on-year decrease of 34.21%. The net profit attributable to shareholders of the listed company was -12.2547 million yuan, compared to 50.9333 million yuan in the same period last year. During the reporting period, the company achieved operating revenue of 231 million yuan, a decrease of 34.21% compared to the same period last year, and the net profit attributable to shareholders of the listed company was -12.2547 million yuan, a decrease of 124.06% compared to the same period last year. This was mainly due to: changes in technology in the design field of nuclear industrial equipment related to the ITER project, with the overall domestic unit still in the design stage and procurement orders not yet issued. At the same time, the microwave device products were affected by the overall unit project advancement not meeting expectations, resulting in delays in some orders, coupled with the dual impact of price declines in some products. Additionally, the increase in credit impairment provisions also had an impact due to lower-than-expected cash collections in the first half of the year