明冠新材：2025年营收7.20亿元，净利润亏损扩大

Core Viewpoint - Minguan New Materials announced a revenue of 719.60 million yuan for the fiscal year 2025, representing a year-on-year decline of 16.70% [1] - The net profit attributable to the parent company was -138.08 million yuan, an increase in losses by 71.01 million yuan compared to the previous year [1] Financial Performance - Total assets at the end of the reporting period were 2.80 billion yuan, a decrease of 4.57% from the beginning of the period [1] - Equity attributable to the parent company was 2.59 billion yuan, down 5.57% from the beginning of the period [1] Business Challenges - The decline in performance is primarily due to a contraction in demand for solar cell backsheet business and intensified competition in the encapsulation film sector [1] - The company has made provisions for asset impairment related to these business segments [1]