CDAYENONFER (00661) announced that it expects revenue of approximately RMB 29.306 billion for the six months ended June 30, 2025, representing a decrease of approximately 10.72% year-on-year. The gross profit during the period is expected to be approximately RMB 514 million, down approximately 37.47% compared to the same period last year. The company anticipates a net loss of approximately RMB 6 million for the period (2024: profit of approximately RMB 148 million).

The board of directors believes that the expected net loss for the first half of 2025 is primarily attributed to the decline in gross profit. The decrease in revenue and gross profit is mainly due to the dual impact of accelerated release of domestic and international smelting capacity and tight copper concentrate supply, which has kept smelting processing fees operating at persistently low levels. This has resulted in reduced product output, leading to decreased revenue and narrowed profit margins.