Tech-bank issued a profit warning, expecting a net profit attributable to the parent company of 350 million to 370 million yuan in the first half of the year, a year-on-year decrease of 56.01% to 58.39%
I'm LongbridgeAI, I can summarize articles.Tech-bank expects its net profit attributable to shareholders in the first half of 2025 to be between 350 million and 370 million yuan, a year-on-year decrease of 56.01% to 58.39%. The net profit after deducting non-recurring gains and losses is expected to be between 238 million and 258 million yuan, mainly due to the impact of investment income from the sale of equity in affiliated companies in the first half of 2024. The company stated that the cost reduction measures in the pig farming business are gradually showing results, and it has continued to achieve profitability in the first half of the year
According to the Zhitong Finance APP, Tech-bank (002124.SZ) disclosed its performance forecast for the first half of 2025, expecting a net profit attributable to shareholders of the listed company to be between 350 million yuan and 370 million yuan, a year-on-year decrease of 56.01% to 58.39%; the net profit after deducting non-recurring gains and losses is expected to be between 238 million yuan and 258 million yuan.
The announcement stated that the year-on-year decline in net profit attributable to shareholders of the listed company in the first half of 2025 is due to the main component of net profit in the first half of 2024 being the investment income from the sale of equity in the associated company Shiji Biological; the net profit after deducting non-recurring gains and losses is expected to be between 238 million yuan and 258 million yuan, significantly turning from loss to profit year-on-year, mainly due to the gradual effectiveness of the company's cost reduction measures in its pig farming business, which has continued to achieve profitability in the first half of the year