DOUBLE ELEPHANT: Expected net profit growth of 128.10%-197.53% year-on-year in the first half of 2025

DOUBLE ELEPHANT announced that it expects the net profit attributable to shareholders of the listed company for the period from January 1, 2025, to June 30, 2025, to be between 115 million yuan and 150 million yuan, an increase of 128.10% - 197.53% compared to the same period last year, which was 50.4156 million yuan. The net profit after deducting non-recurring gains and losses is expected to be between 105 million yuan and 140 million yuan, an increase of 140.76% - 221.01% compared to the same period last year, which was 43.6125 million yuan. The basic earnings per share are expected to be between 0.4288 yuan/share and 0.5593 yuan/share, compared to 0.188 yuan/share in the same period last year. The main reason for the performance growth is the capacity release of its wholly-owned subsidiary Chongqing Double Elephant Optical Materials Co., Ltd. and the adjustment of product structure and strengthening of management by its wholly-owned subsidiary Chongqing Double Elephant Microfiber Materials Co., Ltd