Haitai's new net profit amounted to a loss of 664 million yuan in 2025.

Haitai Xineng released its performance report. In 2025, the company achieved an operating income of 1.659 billion yuan, a decrease of 55.36% year-on-year; a net loss of 664 million yuan, compared to a net profit of 189 million yuan in the same period of the previous year. In 2025, the photovoltaic manufacturing capacity entered a period of deep adjustment, with the prices of the company's main business, solar cell module products, declining. Based on the "Enterprise Accounting Standard No. 8 - Impairment of Assets" and the relevant provisions of the company for provisioning for impairment, and in accordance with the prudence principle, impairment tests were conducted on inventory, fixed assets, etc., and corresponding provisions for asset impairment were made, which had a significant impact on the performance of this reporting period.