On July 14, Yatai Group issued a semi-annual performance loss announcement for 2025. Yatai Group expects that there will be a loss in its operating performance in the first half of 2025, and the net profit attributable to the owner of the parent company will be -800 million yuan to -890 million yuan ; It is estimated that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in the first half of 2025 will be -819.25 million yuan to -909.25 million yuan. Operating results and financial status for the same period of
last year: (I) Total profit: RMB -1,143.15 million. Net profit attributable to owners of the parent company: RMB -927.4 million. Net profit attributable to owners of the parent company after deduction of non-recurring profit and loss: RMB -945.15 million. Earnings per share: -0.29 yuan. The main reasons for the expected loss and reduction of loss in the
current period are as follows:
1. During the reporting period, the market demand for cement in Northeast China declined and the competition intensified. The Company implemented the policy of peak staggering in the industry. The production and sales of cement and other products of the Company remained stable and the selling price increased slightly year on year. In addition, the price of raw materials and fuels declined and various cost reduction and cost control measures were gradually implemented. The company's building materials industry achieved a year-on-year reduction in losses.
2. During the reporting period, the real estate industry was still in a state of adjustment, the volume and price of the Company's real estate products continued to be under pressure, the gross profit margin of carry-over projects remained low, and the Company's real estate industry was still in a state of loss.
3. During the reporting period, the investment income of Northeast Securities Co., Ltd., a joint stock company of the Company, increased as compared with the same period of last year.