Jingyun Tong: It is estimated that the annual net loss will be between 1.23 billion yuan and 1.74 billion yuan in 2025.

announced that it is expected to incur a net loss of 1.23 to 1.74 billion yuan in 2025. During the reporting period, the company's new materials business involving silicon wafers continued to be under pressure due to factors such as industry environment and market fluctuations. Although operating losses have decreased, they still have a negative impact on the company's overall profitability. At the same time, factors such as market environment, product prices, and low capacity utilization rates have led the company to conduct impairment tests on relevant assets based on the "Enterprise Accounting Standard No. 8 - Impairment of Assets" and the company's impairment of asset provisions, in accordance with the principle of prudence. The company plans to make impairment provisions for certain assets, which will have a negative impact on its performance for the current period.