GETM: Expected net profit loss of 6 million to 9 million yuan in the first half of 2025

GETM announced that it expects to achieve a net profit attributable to the parent company's owners of -6 million to -9 million yuan for the first half of 2025, indicating a loss compared to the same period last year. It is expected that the net profit attributable to the parent company's owners, after deducting non-recurring gains and losses, will be -6.5 million to -9.5 million yuan for the first half of 2025. The revenue and profitability of the company's plastic machinery and textile machinery businesses are expected to remain stable in the first half of 2025; the performance of the lithium battery new materials business has not changed significantly compared to the same period last year and has still not achieved profitability; the textile business, which accounts for a high proportion of the company's main business revenue, saw a recovery in product prices and gross profit margins starting in mid-June 2025, but the overall product prices and gross profit margins of the company's textile business in the second quarter remained low, which is the main reason for the company's losses in the first half of 2025