CFHI issues a pre-loss announcement, expecting a net loss attributable to shareholders of RMB 90 million to RMB 108 million for the half year
I'm LongbridgeAI, I can summarize articles.CFHI expects a net loss attributable to shareholders of RMB 90 million to RMB 108 million for the first half of 2025, mainly due to the impact of energy structure adjustments and industrial policies. Although the power station castings and nuclear power sectors performed well, the sale of wind farms by holding companies also brought positive profits, the weakening demand in areas such as metallurgical complete sets led to poor overall performance. After tax deductions, the net profit remains negative
According to the announcement from China First Heavy Industries (601106.SH), the company expects to report a net loss attributable to the parent company of between 90 million yuan and 108 million yuan for the first half of 2025.
The main reason for the expected loss is: due to the deep adjustment of the energy structure and certain industrial policies, the development of the power station casting and forging segment and the nuclear power sector performed well during this period. Additionally, the impact of the sale of a wind farm by the company's holding subsidiary, First Heavy Industries (Qiqihar) New Energy Co., Ltd. in January this year, resulted in a positive total profit for this period. However, the demand in related equipment manufacturing markets, such as metallurgical complete sets, has weakened, and the total order volume and structure are below expectations, contributing limited benefits for this period. After tax deductions in the consolidated financial statements, the net profit and net profit after excluding non-recurring gains and losses remain negative