Jingsheng Co., Ltd.: Net profit in 2025 is a loss of 35.0973 million yuan.

Jingsheng Co., Ltd. released its performance report. In 2025, the total operating income was 227 million yuan, a year-on-year decrease of 46.53%; the net profit was a loss of 35.0973 million yuan, while the net profit in the same period last year was 53.7471 million yuan. In 2025, the company's total operating income, net profit attributable to the owners of the parent company, and net profit attributable to the owners of the parent company excluding non-recurring gains and losses all decreased significantly compared to the same period last year. This is mainly due to adjustments in the silicon carbide industry, a decrease in demand for equipment products, intensified competition in the photovoltaic and silicon carbide industries, a decline in product prices, leading to a decrease in overall sales gross profit and profit. At the same time, the company increased the provision for impairment in this period based on a cautious principle for risk factors.