CETC Energy forecasts 80% profit drop for 2025

CETC Energy Joint-Stock projects net profit of RMB 7.5-9 million for the first half of 2025, down 76.55% to 80.46% year-on-year. Excluding non-recurring items, the company expects losses of RMB 4.8-6.3 million.

The decline stems from a RMB 13 million increase in R&D expenses, RMB 15 million rise in credit impairment losses from delayed receivables, and continued weakness in consumer electronics sales. Despite increased security electronics orders, these haven't yet converted to revenue.