Changyang Technology: It is expected that the net profit will be a loss between 168 million yuan and 116 million yuan in 2025.

Changyang Technology announcement, it is expected that the net profit attributable to the owners of the parent company will be a loss of 168 million yuan to 116 million yuan in 2025, an increase of 86.5635 million yuan to 139 million yuan compared to the same period last year. During the reporting period, the company's main product, reflective film, remained stable. Influenced by macroeconomic environment, market supply and demand situation, etc., the competition in products such as lithium battery diaphragm, adhesive film, and optical base film was intense. In 2025, the company reduced sales and production of low-margin products such as lithium battery diaphragm, adhesive film, etc., resulting in a year-on-year decrease in operating income. The company increased provision for impairment losses related to fixed assets and construction in progress of lithium battery diaphragm, adhesive film, optical base film, etc.