Shangwei New Materials: Net profit in 2025 was 40.95 million yuan, a year-on-year decrease of 53.82%.

Waiwei New Materials released its performance report, achieving operating income of 1.797 billion yuan in 2025, a year-on-year increase of 20.27%; net profit was 40.95 million yuan, a year-on-year decrease of 53.82%. During the reporting period, the company's operating profit, total profit, net profit attributable to the owners of the parent company, and net profit attributable to the owners of the parent company after deducting non-recurring gains and losses all decreased by more than 30%, mainly due to the company's further increase in research and development investment in new materials business and exploration of new business directions to enhance core competitiveness, as well as provision for investment losses and impairment losses on credit.