IRICO NEWENERGY (00438) announced that its net loss attributable to parent for the year 2025 is approximately 560 million yuan, an increase of about 49.04% compared to the previous year.

IRICO NEWENERGY (00438) announced its performance for 2025, with operating income of approximately 2.905 billion yuan, a decrease of 11.33% year-on-year; net loss attributable to the company's shareholders was approximately 560 million yuan, an increase of about 49.04% year-on-year; basic loss per share was 3.1779 yuan. The announcement stated that the main reasons for the decrease in revenue were the temporary imbalance between supply and demand in the photovoltaic glass production capacity, and a significant decrease in product prices compared to the previous year. The main reasons for the increased loss were the intensification of competition in the photovoltaic glass industry due to supply-demand conflicts and production capacity mismatches. The company is working to reduce costs, increase efficiency, accelerate technological innovation, and develop and mass produce high value-added products. However, the significant decrease in product prices compared to the previous year resulted in a significant decline in the company's photovoltaic glass gross profit margin.