Sate New Material: Net profit in the first half of 2025 was 12.10 million yuan, a year-on-year decrease of 77.66%.

Sete New Materials announces that the operating income for the first half of 2025 was 469 million yuan, a year-on-year increase of 3.70%. Net profit was 12.1016 million yuan, a year-on-year decrease of 77.66%. The main reasons for this are overall decrease in the selling price of products during the reporting period, increase in operating costs due to rising prices of some raw materials, and increase in management expenses compared to the same period last year due to the expansion of business scale, increase in management personnel salaries, depreciation and amortization.