China One Heavy: Estimating a net loss of 90 million to 108 million yuan in the first half of 2025.

China First Heavy Industries announced that it is expected that the net profit attributable to the owners of the parent company for the first half of 2025 will be between -0.9 billion yuan and -1.08 billion yuan, compared to -1.73 billion yuan in the same period last year. Due to the deep adjustment of the energy structure and some industrial policies, the development of the power station forging and nuclear power sectors in this period is good, and the impact of the sale of wind farms by the company's holding subsidiary, First Heavy New Energy, in January of this year has resulted in a positive total profit for this period. However, the demand for related equipment manufacturing in fields such as metallurgical equipment has weakened, and the total order volume and structure are lower than expected, leading to limited contribution to this period. After the merger and tax deduction, the net profit and net profit after deducting non-recurring gains and losses are still negative.