证券日报网讯 1月19日，海优新材在互动平台回答投资者提问时表示，对于欧盟市场，公司目前存在直 接出口业务，但业务量占公司整体营业收入比例较低，对公司经营业绩不构成重大影响。 （文章来源：证券日报） ...

归属于上市公司股东的净利润亏损，主要系：1、光伏产业周期调整，所处细分领域价格竞争激烈，销 售数量减少，胶膜产品毛利率处于低位，盈利能力承压。2、因产能利用率处于低位，期末部分资产的 可收回金额低于其账面价值。基于审慎性原则，公司聘请专业机构对报告期末光伏业务各项资产进行专 业评估后，按会计准则要求计提资产减值准备。3、公司新领域业务的研发和市场持续投入，对利润造 成负面影响。 海优新材(688680.SH)发布2025年年度业绩预告，公司预计2025年度实现归属于母公司所有者净亏损4.4 亿元至5.2亿元。 ...

智通财经APP讯，海优新材(688680.SH)发布2025年年度业绩预告，公司预计2025年度实现归属于母公 司所有者净亏损4.4亿元至5.2亿元。 归属于上市公司股东的净利润亏损，主要系：1、光伏产业周期调整，所处细分领域价格竞争激烈，销 售数量减少，胶膜产品毛利率处于低位，盈利能力承压。2、因产能利用率处于低位，期末部分资产的 可收回金额低于其账面价值。基于审慎性原则，公司聘请专业机构对报告期末光伏业务各项资产进行专 业评估后，按会计准则要求计提资产减值准备。3、公司新领域业务的研发和市场持续投入，对利润造 成负面影响。 ...

Core Viewpoint - Company expects a net loss of between 520 million yuan and 440 million yuan for the year 2025, with a non-recurring net profit loss estimated between 510 million yuan and 430 million yuan [1][5]. Financial Performance - The anticipated losses are attributed to the ongoing supply-demand imbalance in the photovoltaic industry, leading to reduced sales volume and low profit margins for the company's photovoltaic film products [5]. - The company is actively reducing the scale of its photovoltaic film business and focusing on cost management, which includes reducing inventory impairment provisions [5]. Industry Context - The photovoltaic industry is currently experiencing a significant adjustment phase, characterized by overcapacity and intense price competition, which is impacting profitability [5][6]. - A senior industry observer noted that the industry is in a deep adjustment phase, with inventory issues persisting, and a recovery is expected to depend on capacity reduction and improved end-demand [6]. Business Development - Company is accelerating its overseas photovoltaic film business layout while optimizing its domestic industry structure [5]. - The company is exploring a dual-main business model, with its automotive materials business entering a critical development phase, which may require short-term R&D and market investments [5]. Market Position - As of January 19, the company's stock closed at 54.01 yuan per share, reflecting a decrease of 0.79%, with a total market capitalization of 4.538 billion yuan [7].

Group 1 - Hualing Cable has terminated the acquisition of control over Hunan Xingxin Aerospace New Materials Co., Ltd. due to failure to reach agreement on specific terms, which will not adversely affect its operations or financial status [2] - Nanshan Aluminum plans to invest approximately $436.57 million to establish a 250,000-ton electrolytic aluminum project in Indonesia through its subsidiaries [3] - Wuzhou New Spring reported that its production and operational activities are normal, with no significant changes in the internal and external business environment, despite a stock price increase of over 20% [4] Group 2 - Aerospace Power clarified that its main business does not involve commercial aerospace and has no related investments, with revenue from this sector accounting for less than 2% [5] - Yidian Tianxia's stock will resume trading after completing a suspension for price volatility, with a cumulative price increase of over 100% during the suspension period [6] - Jiangxi Copper has signed a cooperation framework agreement with China Ordnance Material Group to supply cathode copper, crude copper, and electrolytic nickel, constituting a related party transaction [7] Group 3 - Dingtong Technology expects a 119.59% increase in net profit for 2025, driven by strong demand in the AI-driven communications connector market [9] - BAIC Blue Valley anticipates a net loss of between 4.35 billion and 4.65 billion yuan for 2025, despite a sales increase of 84.06% [10] - Minfeng Special Paper forecasts a 78% decrease in net profit for 2025, projecting a profit of around 1.57 million yuan [11] Group 4 - Changqing Co. expects a net loss of between 175 million and 215 million yuan for 2025 [12] - Hongbai New Materials anticipates a net loss of between 110 million and 150 million yuan for 2025, citing industry competition and increased operational costs as key factors [13] - Beiba Media projects a net loss of between 8 million and 12 million yuan for 2025, largely due to significant impairment losses from an associate company [14] Group 5 - Kuan She Co. expects a net loss of between 361 million and 433 million yuan for 2025, impacted by macroeconomic conditions and increased competition [15] - Shui Jing Fang forecasts a 71% decrease in net profit for 2025, with expected revenue dropping by 42% due to industry adjustments [17] - Haiyou New Materials anticipates a net loss of between 440 million and 520 million yuan for 2025 [18] Group 6 - Sanfangxiang expects a net loss of between 760 million and 840 million yuan for 2025, with losses increasing by 55.91% to 72.32% compared to the previous year [19] - Hongya CNC's controlling shareholder plans to increase shareholding by 30 million to 60 million yuan [21] - Top Software's shareholder plans to reduce its stake by up to 0.87% [22]

Core Viewpoint - Haiyou New Materials (688680.SH) expects a significant net loss for the fiscal year 2025, projecting a net profit attributable to shareholders of the parent company between -520 million and -440 million yuan [1] Financial Projections - The company anticipates a net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, to be between -510 million and -430 million yuan for the fiscal year 2025 [1]

格隆汇1月19日丨海优新材(688680.SH)公布，上海海优威新材料股份有限公司预计2025年度实现归属于 母公司所有者的净利润为-5.2亿元至-4.4亿元。 公司预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利润为-5.1亿元至-4.3亿元。 ...

| 证券代码：688680 | 证券简称：海优新材 | 公告编号：2026-004 | | --- | --- | --- | | 债券代码：118008 | 债券简称：海优转债 | | 2、公司预计 2025 年度实现归属于母公司所有者的扣除非经常性损益的净利 润为-51,000 万元至-43,000 万元。 （三）本次业绩预告未经注册会计师审计。 上海海优威新材料股份有限公司 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二） 业绩预告情况 1、上海海优威新材料股份有限公司（以下简称"公司"）预计 2025 年度实 现归属于母公司所有者的净利润为-52,000 万元至-44,000 万元。 公司就业绩预告有关重大事项与会计师事务所进行了预沟通，公司与会计师 事务所在业绩预告方面不存在重大分歧。 二、上年同期业绩情况 （一）归属于母公司所有者的净利润：-55,843.59 万元；归属 ...

Group 1 - The company, Haiyou New Materials, expects to achieve a net profit attributable to the parent company's owners for the year 2025 in the range of -520 million to -440 million yuan [1] - The company anticipates a net profit attributable to the parent company's owners, excluding non-recurring gains and losses, for the year 2025 in the range of -510 million to -430 million yuan [1]

Summary of the Conference Call for Haiyou New Materials Industry Overview - The photovoltaic (PV) industry is experiencing a recovery after reaching a bottom, with a long-term growth trend remaining intact. Although short-term shipment growth is limited, the industry's capacity reduction efforts are showing results, and long-term demand remains positive. Haiyou New Materials holds a market share of approximately 10%, with technological research and development being its core competitive advantage [2][3][8]. Key Points and Arguments Photovoltaic Business - The recent export tax rebate policy has temporarily impacted the demand for PV auxiliary materials, with an expected increase in demand around late February, lasting for about 1 to 1.5 months. Long-term, this policy will encourage the industry to focus on product competitiveness and compliance, benefiting Haiyou New Materials [2][5]. - The company has introduced leading products such as white EVA films and PPE co-extruded films, emphasizing that R&D is vital for its survival [3][8]. Automotive Business - Haiyou New Materials is adopting a dual-drive model in its automotive business, with PDLC (Polymer Dispersed Liquid Crystal) dimming films already applied in models like the Zhiji R6 and BYD Yangwang U8L. The company collaborates with leading new energy vehicle manufacturers [3][16]. - The PDLC technology offers advantages such as rapid color change and adaptability to flexible glass, positioning the company favorably in the market [4][22]. Technological Development - The company is actively exploring cutting-edge technologies such as perovskite and low-orbit satellite packaging materials, collaborating with leading downstream enterprises for R&D. However, no bulk orders are expected in the short term [2][6]. - Haiyou New Materials has shifted its focus from PV adhesive films to automotive dimming films, planning to expand production capacity in the second half of 2026 [4][17]. Regional Strategy - The company has established a subsidiary in Chengdu to take over part of its capacity from the eastern region, aiming to be closer to key customers in the western region and improve service quality while addressing cash flow risks [2][7]. Additional Important Insights - The company believes that 2026 will be a bottoming year for the PV industry, with many potential markets still to explore. It plans to focus on reducing operational risks and maintaining cash flow rather than blindly expanding production due to short-term policy changes [12]. - The cost of PDLC films is expected to decrease through optimization of raw material synthesis and structural design, with a focus on establishing a good pricing system with downstream customers [19]. - The company is also exploring the aftermarket for dimming films, which shows significant future potential despite current low volumes [18]. Conclusion Haiyou New Materials is strategically positioned in both the photovoltaic and automotive sectors, leveraging its technological advancements and regional adjustments to enhance competitiveness. The company maintains a positive outlook on future growth while navigating short-term challenges in the market.