YINGFENG announced a pre-loss, expecting a net loss attributable to the parent company of 17 million to 23 million yuan in the first half of the year
I'm LongbridgeAI, I can summarize articles.YINGFENG expects a net loss attributable to the parent company of RMB 17 million to RMB 23 million in the first half of 2025, mainly due to the impact of tariff events on the textile and apparel industry chain, resulting in a significant decrease in sales orders and a year-on-year decline in sales revenue. At the same time, after the third division commenced production, the capacity utilization rate was insufficient, and fixed costs increased, further exacerbating the losses
According to the announcement from YINGFENG (605055.SH), the financial department has preliminarily estimated that the net profit attributable to the parent company's owners for the first half of 2025 is expected to be between -23 million yuan and -17 million yuan, indicating a loss compared to the same period last year (statutory disclosure data).
In the first half of the year, due to the impact of tariff events on the textile and apparel industry chain, the company's sales orders were significantly affected starting in the second quarter, leading to a year-on-year decline in sales revenue; at the same time, the company's third business division is gradually ramping up production, but the capacity utilization rate is currently insufficient, resulting in a substantial increase in fixed costs year-on-year, while revenue has not increased correspondingly; these two factors combined have led to a decline in the company's revenue and an increase in costs, resulting in a loss for the company during this period