Shuangxing New Material: It is estimated that the net profit will be negative in 2025.

Shuangxing New Materials announced that it is expected to have a negative net profit for the year 2025, with the net profit attributable to shareholders of the listed company estimated to be between -5.3 billion yuan and -3.8 billion yuan, and the net profit after deducting non-recurring gains and losses estimated to be between -5.9 billion yuan and -4.45 billion yuan. In 2025, the capacity of the polyester film industry will continue to increase, leading to ongoing competition with lower prices, resulting in a decrease in product sales prices. In addition, with the company's new production line coming online, the capacity is still in the ramp-up stage, leading to a significant increase in depreciation and amortization expenses, and an increase in unit production costs. Based on the principle of prudence, in accordance with the requirements of the "Enterprise Accounting Standards," the company has set aside asset impairment provisions, leading to an ongoing loss in operating performance.