Tianyang HotMelt Adhesives(SH:603330) 智通财经网·2026-01-21 08:53Core Viewpoint - Tianyang New Materials (603330.SH) has announced a projected net loss for the year 2025, estimating a net profit attributable to shareholders of between -250 million and -180 million yuan [1] Group 1: Financial Performance - The company is facing continuous losses in its photovoltaic encapsulation film business, leading to a decision to reduce order volumes and implement a shutdown of the encapsulation film factory in December 2025 [1] - Due to intensified competition in the photovoltaic encapsulation film industry and a continuous decline in sales prices, the overall gross profit margin has decreased, further impacting the net profit for the period [1] - The wall fabric business has also been adversely affected by the real estate industry and home decoration market, resulting in a sustained decline in sales volume and low equipment operating rates [1] Group 2: Asset Impairment - The company has decided to recognize impairment losses on assets showing signs of impairment in both the photovoltaic encapsulation film and wall fabric businesses, in order to accurately reflect its financial condition and operating results [1] - This decision to provision for asset impairment will further reduce the net profit for the current period [1]