CYDG expects an increase, with net profit attributable to the parent company in the first half of the year ranging from 155 million yuan to 180 million yuan, a year-on-year increase of 62.65% to 88.88%
CYDG expects a net profit attributable to the parent company of 155 million to 180 million yuan in the first half of 2025, an increase of 62.65% to 88.88% year-on-year. During the reporting period, the demand in the commercial vehicle market remained stable, and the rapid development of the new energy market drove the increase in sales revenue and profitability
According to the announcement from CYDG (603950.SH), it is expected that the net profit attributable to the owners of the parent company for the first half of 2025 will be between 155 million yuan and 180 million yuan, an increase of 59.7005 million yuan to 84.7005 million yuan compared to the same period last year, representing a year-on-year increase of 62.65% to 88.88%.
During the reporting period, the demand from major customers in the commercial vehicle market remained stable and positive, while the new energy market developed rapidly. The company ensured a steady increase in sales volume in the commercial vehicle market, while the sales volume of new energy hybrid cylinder blocks and cylinder heads steadily increased year-on-year, collectively contributing to revenue growth and improved profitability
