NBO released its performance for the first half of the year, with a net profit attributable to the parent company of 473 million yuan, a decrease of 26.57%

According to the Zhitong Finance APP, NBO (603606.SH) released its semi-annual report for 2025, showing an operating income of 4.432 billion yuan, a year-on-year increase of 8.95%. The net profit attributable to shareholders of the listed company was 473 million yuan, a year-on-year decrease of 26.57%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 462 million yuan, a year-on-year decrease of 21.83%. The basic earnings per share were 0.69 yuan.

During the reporting period, the company achieved a net profit attributable to shareholders of the listed company of 473 million yuan, a year-on-year decline of 26.57%, and a net profit of 462 million yuan after deducting non-recurring gains and losses, a year-on-year decline of 21.83%. This was mainly influenced by two factors: first, the change in product revenue structure. In the first half of 2025, although the revenue from power engineering and equipment cables increased by 24.85% year-on-year and its proportion of total revenue increased, its added value was relatively low; the revenue from submarine cables and high-voltage cables also increased year-on-year, but due to changes in the revenue structure of submarine cable products, the added value decreased; revenue from marine equipment and engineering operation and maintenance decreased by 44.61% year-on-year, mainly due to the decline in revenue from marine equipment, which has a higher added value. Second, in the first half of 2024, there was a sale of land use rights, which confirmed asset disposal gains of approximately 52.3327 million yuan