光伏胶膜业务持续低价竞争 ，天洋新材停止实施旗下多个相关项目

Core Viewpoint - Tianyang New Materials has decided to halt its photovoltaic encapsulation film projects due to ongoing low prices in the solar component market, which have led to insufficient demand and increased competition, negatively impacting the company's profitability [1][2]. Group 1: Project Status and Financial Impact - The company has established four photovoltaic encapsulation film projects, with three of them being fundraising projects that have now been terminated [1]. - The net profits for the four project entities in 2024 are projected to be -74.73 million, -83 million, 5.73 million, and -81.61 million respectively [1]. - The halted projects had previously accounted for 48% of the company's total revenue in 2024 and are expected to reduce the negative impact on net profit significantly, improving overall profitability [3]. Group 2: Market Conditions and Strategic Decisions - The decision to stop the projects is based on a thorough assessment of market conditions, where the photovoltaic industry has not shown signs of recovery in supply-demand dynamics, leading to continued low-price competition [2]. - The remaining funds from the halted projects will be managed according to regulations, with some allocated for working capital and others potentially invested in new projects based on market conditions [3]. Group 3: Business Continuity and Future Plans - The cessation of the photovoltaic encapsulation film business is not expected to affect the operations of other business segments, which have shown stable revenue growth, accounting for 52% of total revenue in 2024 [4]. - The company plans to ensure a smooth transition during the shutdown of the photovoltaic encapsulation film projects while safeguarding the interests of shareholders and employees [4].