国风新材，薄膜行业供需矛盾突出，上半年仍亏损

Core Viewpoint - The company Guofeng New Materials is forecasting a significant net loss for the first half of 2025, indicating ongoing challenges in the film industry and the impact of its production capacity expansion on financial performance [1][4]. Financial Performance Summary - For the first quarter, the company reported an operating revenue of 488 million yuan, a year-on-year decrease of 1.43%, with a net profit attributable to shareholders of -24.08 million yuan, an increase of 2.48% compared to the previous year [2]. - The projected net loss for the first half of 2025 is between 35 million and 45 million yuan, while the net profit after excluding non-recurring gains and losses is expected to be between 40 million and 50 million yuan [4]. Reasons for Performance Changes - The slowdown in new production capacity growth in the film industry has led to persistent supply-demand imbalances, resulting in price declines and thin profit margins. The company's polyimide film production line is gradually being put into operation, but revenue contributions from these products remain limited [3]. - The company is actively pursuing acquisition opportunities, planning to acquire a 58.33% stake in Taihu Jinzhan Technology Co., Ltd. through a combination of share issuance and cash payment. This transaction is currently under review by the exchange [3].