OWS Technology: Anticipated loss in performance in 2025, subsidiary's production stoppage rating still under observation.

OE Technology announced that the estimated net profit attributable to the parent company in 2025 is expected to be between -240 million and -300 million yuan, compared to -536 million yuan in the same period of the previous year. Subsidiaries Tianjin Ouchuan and Yixing Ouqing have stopped production on all production lines and some production lines, respectively. It is expected that they will incur losses of 33.7055 million yuan and 0.4008 million yuan in 2025, respectively, with a combined impact accounting for more than 10% of the estimated net profit attributable to the parent company. The expected loss in performance is due to the mismatch between supply and demand in the photovoltaic sector and low capacity utilization rate. Zhongzheng Pengyuan maintains the credit rating of the company's main body and the "OE Crystal Convertible Bonds" as AA-, and continues to be on the watchlist. As of January 29, the balance of "OE Crystal Convertible Bonds" is 469 million yuan.