Aggregate Order: Net profit in 2025 is 145 million yuan, a year-on-year decrease of 51.77%.

Poly Success announced its performance report. In 2025, the company's total operating revenue reached 5.524 billion yuan, a year-on-year decrease of 22.94%; net profit was 145 million yuan, a year-on-year decrease of 51.77%. Compared with the same period last year, in the situation of serious oversupply caused by the concentrated release of production capacity in the industry and the pressure of weak downstream industry demand, the quoted prices in the slice market have been decreasing season by season and month by month, and industry profits have been severely squeezed, with the entire industry generally entering a state of loss. The overall operating rate of the industry has declined, and downstream inventories have accumulated significantly, leading to a sharp increase in inventory pressure. Traditional civilian-grade fiber slice, which has traditional advantages, has been significantly affected by the slowdown in domestic consumption and export pace, resulting in a significant decrease in year-on-year growth rate and a significant weakening of purchasing support. The company's main business revenue and profit have both shown a significant decline.