SOFE issued a profit warning, expecting a year-on-year decline of 55%-60% in net profit attributable to the parent company for the first half of the year
I'm LongbridgeAI, I can summarize articles.SOFE expects its net profit attributable to shareholders in the first half of 2025 to be between 26 million and 30 million yuan, a year-on-year decrease of 55%-60%. The decline in performance is mainly due to the impact of the product delivery and settlement cycle, an overall decrease in revenue year-on-year, and a change in revenue structure leading to a decline in revenue from oil machinery equipment with a higher gross profit margin, while revenue from oil and gas steel pipes with a lower gross profit margin has increased
According to the Zhitong Finance APP, SOFE (000852.SZ) released its performance forecast for the first half of 2025, expecting a net profit attributable to shareholders of the listed company to be between 26 million and 30 million yuan, a year-on-year decrease of 55% to 60%.
The company's performance in the first half of the year declined compared to the same period last year, mainly due to: the impact of product delivery and settlement cycle factors, resulting in a year-on-year decline in overall revenue for the first half of 2025. At the same time, there was a change in the revenue structure, with revenue from higher-margin businesses such as oil machinery equipment declining year-on-year, while revenue from lower-margin businesses such as oil and gas steel pipes increased year-on-year, leading to a decline in the company's operating performance year-on-year