ZFET Co.,LTD. expects a year-on-year net profit increase of 80% to 110% in the first half of the year

On July 14th, ZFET Co., LTD. released a performance forecast, estimating that the net profit attributable to shareholders for the first half of 2025 will be between 178 million and 207 million yuan, a year-on-year increase of 80% to 110%; the net profit after deducting non-recurring items is expected to be between 131 million and 153 million yuan, a year-on-year increase of 50% to 75%. During the reporting period, the price of coal, the raw material for the company's cogeneration business, declined, while the heating volume remained stable and increased, enhancing the profitability of the company's cogeneration business segment; at the same time, with the expansion and extension of the company's solid waste resource utilization business and the rise in precious metal prices, the development of the company's non-ferrous metal resource utilization business is showing a good trend. In addition, the company expects non-recurring gains and losses to amount to approximately 50 million yuan, mainly from government subsidies and compensation for relocation received by the company