Supor's first-half profit falls 7.7% as exports and costs bite
First-half profit and revenue both decline Supor's first-half net profit fell 7.7% to 868 million yuan and revenue slipped 0.59% to 11.41 billion yuan. The second quarter was worse, with profit down 18.2%, showing the earnings slowdown is accelerating rather than stabilizing.
This is the core new financial result that directly explains why the stock is under pressure.
Export weakness tied to controlling shareholder SEB Supor's exports depend heavily on France's SEB Group, which buys 93% of export revenue. SEB's own troubles are shrinking orders, and management blamed the export business for the profit drop. Losing this reliable buyer hurts sales and pricing power.
It identifies the main structural cause of the profit decline, not just the headline number.
Rising raw material costs squeeze margins Aluminum and copper prices rose 3.66% and 7.70% in the first half, raising Supor's production costs. With revenue already flat to lower, these higher input costs directly cut into profit and leave less room to absorb further increases.
It explains a concrete cost pressure behind the profit miss that readers can track.
No interim dividend and shrinking net assets Supor declared no first-half cash dividend, bonus shares, or share conversion, after a near-full payout last year. Net assets fell 19.6% from year-end. No payout removes a return that income-focused investors rely on, which can weigh on the shares.
It is a fresh capital-return decision that changes the stock's appeal to dividend investors.