Tianyang HotMelt Adhesives(SH:603330) Ge Long Hui A P P·2026-01-21 08:36Core Viewpoint - Tianyang New Materials (603330.SH) expects a net profit attributable to shareholders for the year 2025 to be between -250 million and -180 million yuan, indicating significant financial challenges ahead [1] Financial Performance - The company anticipates a net profit, excluding non-recurring gains and losses, to be between -255 million and -185 million yuan for 2025 [1] - The ongoing losses in the photovoltaic encapsulation film business have led the company to actively reduce order volumes [1] Operational Adjustments - The company plans to implement a shutdown of its photovoltaic encapsulation film factory in December 2025 [1] - Due to the competitive landscape in the photovoltaic encapsulation film industry, there has been a continuous decline in sales prices, resulting in a decrease in overall gross margin [1] Asset Management - The company has decided to make provisions for asset impairment to accurately reflect its financial status and operational results, following the principle of prudence [1]