Jiangsu Boyun: It is expected that the net profit in 2025 will decrease by 39.74% to 18.47% compared to the previous year.

Jiangsu Boyun Announcement: It is expected that the net profit attributable to the shareholders of the listed company in 2025 will be between 85 million and 115 million yuan, a decrease of 39.74% to 18.47% compared to the same period last year. The net profit after deducting non-recurring gains and losses is expected to be between 80 million and 110 million yuan, a decrease of 40.21% to 17.79% compared to the same period last year. During the reporting period, the company's performance was mainly affected by multiple factors, including a slowdown in demand from some downstream customers, uncertainty in the international trade environment putting pressure on the company's export business, leading to a decrease in operating income and net profit year-on-year. Against the backdrop of pressure on overall market demand, the company's previous capacity expansion projects failed to fully release economic benefits according to the original plan, resulting in a delayed market digestion of related production capacity.