天洋新材拟变更部分募集资金用途并提前终止两光伏项目

Core Viewpoint - Tianyang New Materials (603330) plans to terminate further investments in the "Nantong Photovoltaic Film Project" and "Hai'an Photovoltaic Film Project" due to ongoing low prices in the photovoltaic component market, which has led to insufficient demand in the photovoltaic encapsulation film industry [1] Group 1: Project Termination - The company will redirect approximately 283 million yuan of remaining fundraising for new projects after halting investments in the aforementioned photovoltaic film projects [1] - The Nantong Photovoltaic Film Project has an investment progress of 79.38%, while the Hai'an Photovoltaic Film Project has an investment progress of 31.33% as of the announcement date [1] Group 2: Market Conditions - The decision to halt investments is influenced by the continuous low prices of photovoltaic components and insufficient willingness of manufacturers to operate, resulting in a phase of demand shortage in the photovoltaic encapsulation film sector [1] - As of the end of Q3 2025, the supply-demand relationship in the photovoltaic industry has not shown significant improvement, leading to ongoing low-price competition in the photovoltaic film business, which exacerbates the company's losses [1]