IRICO NEWENERGY (00438) announced its interim results, reporting a net loss attributable to shareholders of 494 million yuan, an increase of 67.12% year-on-year.

IRICO NEWENERGY (00438) announced its interim results for the six months ending June 30, 2026, reporting operating revenue of 987 million yuan, a year-on-year decrease of 35.03%; a net loss attributable to shareholders of the parent company of 494 million yuan, a year-on-year increase of 67.12%; and a basic loss per share of 2.8026 yuan. The company is fully committed to reducing costs and increasing efficiency through technological innovation, implementing special projects such as "Three Comprehensives and Six Innovations" to reduce losses and increase profits, high-standard production line construction, the "8898" quality improvement initiative, and the "Million and Billion" value innovation action. By constructing its own natural gas pipeline, engaging in centralized procurement, and developing substitute materials in-house, it continuously reduces energy and raw material costs. With a focus on high-end, low-carbon, and diversified development, it continues to expand its market share of photovoltaic glass with ultra-high transmission rates, accelerating the mass production and sales of ultra-high transparency photovoltaic glass with 95% light transmission and 2.0mm ultra-thin fully tempered glass. Simultaneously, leveraging existing resources, it is laying out diversified business tracks in liquid crystal light guide glass substrates and high-end special appliance glass, building a matrix of high-end new material products across all categories. At the same time, new material breakthroughs such as low-antimony composite clarifying agents and high-reflection screen printing inks have been implemented to continuously innovate technologically, laying a solid technical foundation for the company's development.