海南发展(002163.SZ)：海控三鑫全面停产

Core Viewpoint - Hainan Development (002163.SZ) announced the decision to cease operations at its subsidiary, Haikong Sanxin (Bengbu) New Energy Materials Co., Ltd., due to ongoing losses and high operational costs, with a complete shutdown planned by September 2025 [1] Group 1: Operational Changes - The company will shut down a 550-ton kiln and five deep processing production lines to reduce operational costs and avoid further losses [1] - After the initial shutdown, two deep processing production lines will remain operational to maintain collaboration with key customers, but the market for photovoltaic glass shows no signs of recovery in the short term [1] Group 2: Financial Implications - The cost of purchasing raw glass remains high, impacting product quality and preventing effective loss control [1] - A comprehensive shutdown of the remaining two deep processing production lines is scheduled for the end of September 2025 [1]