Skyworth Digital expects significant profit decline in H1 2025
Skyworth Digital has announced a forecast indicating a significant drop in net profit attributable to shareholders for the first half of 2025. The company expects the net profit to be between CNY 43 million and CNY 63 million, representing a decrease of 76.35% to 65.35% compared to the same period last year (CNY 181.82 million). The net profit after deducting non-recurring gains and losses is projected to be between CNY 37 million and CNY 55 million (previous period: CNY 155.95 million). Basic earnings per share are estimated to be between CNY 0.0377 and CNY 0.0552, down from CNY 0.1593 in the first half of 2024. Skyworth Digital attributes the decline to increased market competition, leading to a significant decrease in the sales unit price of smart terminal products, resulting in lower revenue and gross profit margins. The company states that the figures are preliminary and subject to audit and further disclosure in its 2025 semi-annual report.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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