Webo Environmental Technology (02613.HK) issues profit warning, expecting a year-on-year decrease in net profit to approximately 5.8 million yuan.

date
08/08/2025
Zhixin Finance APP News, China Environment Protection (02613.HK) announced that as of June 30, 2025, the group is expected to achieve a net profit of approximately RMB 5 million to RMB 8 million in the six-month period, while the net profit in the same period of the previous year was approximately RMB 82.1 million. The decline in net profit is mainly attributed to: (1) geopolitical tensions and recent tariff fluctuations affecting the Chinese shipbuilding and shipping industry; (2) changes in shipbuilding plans during the reporting period, leading to delays in the delivery of some large orders signed before 2025; (3) most new orders signed at the beginning of 2025 are long-term projects, resulting in the related orders not being fulfilled by the end of the reporting period and the corresponding revenue not being recognized.