Salt firm projects significant profit decline for first half

Snow Tian Salt Industry Group anticipates a significant decrease in its financial performance for the first half of 2025. The company projects net profit attributable to shareholders of the parent company to be between CNY 64.78 million and CNY 77.74 million, a decrease of 76.34% to 80.29% compared to the same period last year. Net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses is expected to be between CNY 40.92 million and CNY 49.10 million, representing a year-on-year decrease of 81.60% to 84.67%. The anticipated decline is primarily attributed to the impact of macroeconomic conditions and market fluctuations, leading to a decrease in the market prices of some of the company’s products. The company plans to implement cost-saving measures to enhance its market competitiveness.