Fengshen Corporation: Net profit for the first half of the year is expected to decrease by 54.49% to 60.99% compared to the same period last year.

Fengshen Holdings disclosed its performance forecast on the evening of July 14, with the company expecting to achieve a net profit attributable to shareholders of the listed company of 90-105 million yuan in the first half of 2025, a decrease of 54.49% to 60.99% year-on-year. During the reporting period, operating income increased, but the profitability of products declined due to rising raw material prices. Sales prices remained basically flat compared to the same period, leading to a decrease in gross profit margin and gross profit level. The loss from long-term equity investment projects accounted for using the equity method increased year-on-year. The company increased market development and research and development investment, leading to an increase in expenses during the period.