天洋新材：拟停产光伏封装胶膜项目相关子公司

Core Viewpoint - The company plans to suspend production at its subsidiaries related to the photovoltaic encapsulation film project, which has faced challenges and resulted in financial losses [1] Financial Performance - In 2024, the revenue projections for the subsidiaries are as follows: Kunshan Tianyang Photovoltaic at 298 million, Nantong Tianyang Photovoltaic at 250 million, another subsidiary at 0, and a fourth at 751 million [1] - The net profits for these subsidiaries are projected to be: -74.73 million, -83.01 million, 5.73 million, and -81.62 million respectively [1] Project Status - Three fundraising projects related to the photovoltaic encapsulation film have been terminated, with a remaining balance of 283 million in raised funds as of November 30, 2025 [1] - The company intends to utilize the factory and equipment rationally after the suspension, with part of the remaining funds allocated to supplement working capital [1] Revenue Impact - The revenue contribution from the suspended project is expected to account for 48% of total revenue in 2024 and drop to below 30% in 2025, indicating potential for improved profitability following the suspension [1] - The board of directors has approved the proposal, which will be submitted for shareholder meeting review [1]