SIWI SCI & TECH expects its mid-term consolidated net profit to increase to approximately 1.01 million yuan year-on-year
SIWI SCI & TECH expects a consolidated net profit of approximately 1.01 million yuan for the six months ending June 30, 2025, an increase year-on-year. The net profit attributable to the company's owners is approximately 420,000 yuan, while the consolidated net profit for the same period in 2024 was 480,000 yuan, with a net profit attributable to the company's owners of 2.26 million yuan. The increase in net profit is mainly due to the rise in sales of optical fiber business and effective cost control, but the net profit attributable to the company's owners decreased due to the decline in the market environment for the cable business and delays in customer bidding
According to the announcement from SIWI SCI & TECH (01202), it is expected that for the six months ending June 30, 2025, the company's consolidated net profit will be approximately RMB 1.01 million, with a net profit attributable to the owners of the company of approximately RMB 420,000. For the six months ending June 30, 2024, the company's consolidated net profit was RMB 480,000, with a net profit attributable to the owners of the company of RMB 2.26 million.
The increase in the company's consolidated net profit is mainly due to the increase in sales of optical fiber business driving revenue growth, along with effective measures taken during the period to control costs; the decrease in net profit attributable to the owners of the company is mainly due to the decline in the market environment for the cable business and delays in bidding from important customers, resulting in a decrease in the company's revenue and gross profit
