Petrochemical machinery: It is expected that the net profit in the first half of 2025 will decrease by 55-60% year-on-year.

Petrochemical Machinery announced that it is expected that the net profit attributable to shareholders of the listed company from January 1, 2025 to June 30, 2025 will be between 26 million and 30 million yuan, a decrease of 55% to 60% compared to the same period last year. After deducting non-recurring gains and losses, the net profit is expected to be between 12 million and 15 million yuan, a decrease of 68% to 75% compared to the same period last year. The basic earnings per share are expected to be between 0.0276 yuan/share and 0.0319 yuan/share, a decrease from 0.0698 yuan/share in the same period last year. The decline in performance is mainly due to factors such as the product delivery settlement cycle, changes in revenue structure, a decrease in revenue from oil and mechanical equipment with high gross profit margin, and an increase in revenue from oil and gas steel pipes with lower gross profit margin.