Mingguan New Materials: It is expected that the net profit in 2025 will decrease by 86.35% to 138.53% year-on-year.

Mingguan New Materials announced that it is expected to achieve a net profit attributable to the owners of the parent company of -160 to -125 million yuan in 2025. Compared to the same period last year, this represents a decrease of 57.92 to 92.27 million yuan, a year-on-year decrease of 86.35% to 138.53%. During the reporting period, the decrease in shipments of solar cell backsheet business due to shrinking market demand; while the solar encapsulant film business was affected by intensified competition in the supply chain, leading to a greater year-on-year loss.