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