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SHANGHAI - Chinese chemical and battery materials manufacturer Zhejiang Yongtai Technology Co., Ltd. (LSE:YTT) expects its first-half 2025 net profit to increase by 50.40% to 70.45% year-over-year, according to a preliminary results forecast released Monday.
The company estimates net profit attributable to shareholders will reach between RMB56.625 million and RMB64.175 million for the January-June 2025 period, compared to RMB37.6503 million in the same period last year.
Basic earnings per share are projected to be between RMB0.06 and RMB0.07, up from RMB0.04 in the first half of 2024.
However, net profit after deducting non-recurring gains and losses is expected to range from RMB20.35 million to RMB27.90 million, representing a change between -23.26% and 5.21% compared to RMB26.5193 million in the prior-year period.
The company attributed the profit growth to increased production capacity and higher utilization rates at its subsidiaries, including Inner Mongolia Yongtai, Yongtai New Energy, and Yongtai High-Tech. These improvements drove growth in both production and sales volumes in the crop-science and lithium-battery segments.
Non-recurring profits and losses for the period amounted to approximately RMB36 million, primarily consisting of government grants and other gains.
The financial data in the preliminary forecast has not been audited, and final figures will be disclosed in the company’s 2025 interim report, according to the press release statement.
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