Yupont Power issued a profit warning, expecting a net profit attributable to the parent company of 21.2 million to 25 million yuan in the first half of the year, a decrease of 35.47% to 45.28% year-on-year
Yupont expects its net profit attributable to shareholders in the first half of 2025 to be between 21.2 million yuan and 25 million yuan, a year-on-year decrease of 35.47% to 45.28%. Despite the growth in revenue from the energy storage business, some projects have a low gross profit margin, and its subsidiary Yupont Zhiyuan incurred losses during the reporting period
According to the Zhitong Finance APP, Yupont (688597.SH) announced that the company expects to achieve a net profit attributable to the owners of the parent company of 21.2 million to 25 million yuan in the first half of 2025, a decrease of 13.7418 million to 17.5418 million yuan compared to the same period last year (statutory disclosure data), representing a year-on-year decline of 35.47% to 45.28%.
The company's energy storage business holding subsidiary Yupont Zhiyuan Technology (Jiaxing) Co., Ltd. (referred to as "Yupont Zhiyuan") is expected to complete its production line construction and reach production capacity in August 2024. During the reporting period, the revenue from the energy storage business saw significant growth compared to the same period last year, but the gross profit margin of some delivered projects during the reporting period was relatively low, resulting in a loss for Yupont Zhiyuan during the reporting period
