双星新材：预计2025年净利润为负值

Core Viewpoint - The company, Double Star New Materials, anticipates a negative net profit for the year 2025, projecting a net profit attributable to shareholders of between -530 million and -380 million yuan, with a net profit excluding non-recurring gains and losses expected to be between -590 million and -445 million yuan [1] Industry Summary - In 2025, the polyester film industry is expected to see further capacity release, leading to ongoing low-price competition and a decline in product sales prices [1] - The company is facing challenges as new production lines are being launched, and capacity is still in the ramp-up phase, resulting in significant increases in depreciation and amortization [1] - The increase in unit production costs, combined with the aforementioned factors, has led the company to recognize asset impairment provisions in accordance with accounting standards, contributing to continued operating losses [1]