Ruihuatai: Net loss of 87.6153 million yuan in 2025.

Ruiahua Tai released its performance report, with operating income reaching 387 million yuan in 2025, a year-on-year increase of 14.06%. Due to the Jiaxing production base currently being in the capacity climbing stage and the capacity not yet fully stable and released, the fixed unit cost of the company's products is increasing rapidly, resulting in a slower growth rate of operating income compared to depreciation and amortization growth rate; in addition, after the Jiaxing project was put into production, the bank loans and convertible bond interest expenses increased significantly. The company achieved a net loss attributable to the owners of the parent company of -87.6153 million yuan in 2025, an increase in loss of 30.3404 million yuan year-on-year; the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, was -88.1087 million yuan, an increase in loss of 30.4805 million yuan year-on-year.