Xiangteng New Materials: It is expected that the net profit in 2025 will be a loss of 27-39 million yuan.

Shangteng New Materials announced that it is expected to have a negative net profit in 2025, with a net profit attributable to shareholders of the listed company ranging from a loss of 39 million to 27 million RMB. The net profit after deducting non-recurring gains and losses is expected to be a loss of 39.5 million to 27.5 million RMB, compared to 11.22 million RMB in the same period last year. The company's performance change is mainly due to increased industry competition. The subsidiary, Nanjing Xianghui Optoelectronic New Materials Co., Ltd., has converted long-term assets such as factory buildings and machinery and equipment for the production of optoelectronic thin film devices. Due to exchange rate fluctuations, the company's exchange loss for this year is higher than that of the same period last year.