KAILONG announced a profit increase forecast, with a net profit attributable to the parent company of 100 million to 120 million yuan in the first half of the year, a year-on-year increase of 53.64%–84.37%
I'm LongbridgeAI, I can summarize articles.KAILONG expects its net profit attributable to shareholders in the first half of 2025 to be between 100 million and 120 million yuan, a year-on-year increase of 53.64% to 84.37%. The main reasons include the growth of blasting service business in the Xinjiang region and the decrease in blasting service costs, as well as the increase in revenue and profit brought by the merger with Hubei KAILONG Shiwang Engineering Co., Ltd
According to the Zhitong Finance APP, KAILONG (002783.SZ) released its performance forecast for the first half of 2025, expecting a net profit attributable to shareholders of the listed company to be between 100 million and 120 million yuan, a year-on-year increase of 53.64%–84.37%.
The significant year-on-year increase in net profit attributable to shareholders of the listed company is mainly due to: 1. The company's blasting service business in the Xinjiang region has grown year-on-year, leading to an increase in operating revenue from blasting services. At the same time, the cost of blasting services has decreased year-on-year, further enhancing the company's profit level. 2. The increase in the scope of consolidation for the reporting period (Hubei KAILONG Shiwang Engineering Co., Ltd.) has driven an increase in the company's revenue and profit