Zongshen Power forecasts significant profit growth for H1 2025

Chongqing Zongshen Power Machinery (SZSE:001696) has released its semi-annual performance forecast for 2025, projecting a significant rise in profitability. The company estimates net profit attributable to shareholders will range from CNY479.20 million to CNY563.80 million, representing a 70% to 100% increase compared to the same period last year. Net profit attributable to shareholders after deduction of non-recurring gains and losses is forecast between CNY455.60 million and CNY536.00 million, also indicating a 70% to 100% year-over-year growth. Basic earnings per share are expected to be between CNY0.4185 and CNY0.4924. The company attributes this positive outlook to the increased scale of its general machinery and motorcycle engine businesses, along with improved returns from its investment in associated companies. The official 2025 semi-annual report, subject to potential revisions, will provide final figures.