Changhong Gaoke: Net profit for the first half of the year is expected to decrease by 93.79% to 95.86% year-on-year.

Changhong Gaoke disclosed its performance forecast on the evening of July 14, estimating that the net profit attributable to shareholders of the listed company in the first half of 2025 will be between 4 million and 6 million yuan, a decrease of 93.79% to 95.86% year-on-year. During the reporting period, the subsidiary Zhejiang Changhong Biological Materials Co., Ltd. carried out technical improvements on the existing equipment in the first quarter of 2025 to improve production efficiency, resulting in a longer shutdown period affecting output; at the same time, due to insufficient market demand during a certain period, the decrease in product sales prices exceeded the decrease in raw material prices, resulting in a decline in gross profit margin.