Chengzhi: Expected net profit in the first half of 2025 to decline by 88.24%-91.98% year-on-year

Chengzhi announced that from January 1, 2025, to June 30, 2025, the net profit attributable to shareholders of the listed company is expected to be between 15 million and 22 million yuan, a decrease of 88.24% to 91.98% compared to the same period last year, which was 187 million yuan. The net profit after deducting non-recurring gains and losses is expected to be between 25 million and 35 million yuan, a decrease of 79.39% to 85.28% compared to the same period last year, which was 170 million yuan. The basic earnings per share are expected to be between 0.0123 yuan/share and 0.0181 yuan/share. The company's performance has seen a significant year-on-year decline, mainly affected by the tax payment adjustments of its subsidiaries and the market conditions in the downstream of the bulk chemical industry. The sales prices and gross profit margins of the company's core clean energy business's main products continue to decline. However, the company's semiconductor display materials business, especially the sales of liquid crystal products, has reached a historical high, significantly enhancing performance contributions