Ningbo Solartron Technology (SH:688299) 智通财经网·2026-02-26 09:00Core Viewpoint - Changyang Technology (688299.SH) reported a significant decline in revenue and a substantial net loss for the fiscal year 2025, primarily due to market competition and strategic adjustments in product offerings [1] Financial Performance - The company achieved an operating revenue of 1.079 billion yuan, representing a year-on-year decrease of 19.24% [1] - The net loss attributable to the parent company amounted to 145 million yuan [1] Product Performance - The main product, reflective film, maintained a stable base; however, the company faced intense competition in lithium battery separators, adhesive films, and optical base films due to macroeconomic conditions and market supply-demand dynamics [1] - In response to the competitive landscape, the company reduced sales and production of low-margin products such as lithium battery separators and adhesive films [1] Impairment Losses - The company increased impairment losses on fixed assets and construction projects related to lithium battery separators, adhesive films, and optical base films [1]