Core Viewpoint - Tianyi New Materials (688033.SH) expects a significant reduction in net losses for the first half of 2025, with projected net profit attributable to shareholders ranging from -240 million to -190 million yuan, representing a year-on-year decrease in losses of 51.30% to 61.44% [1] Financial Performance - The company anticipates a net profit excluding non-recurring gains and losses between -250 million and -200 million yuan, indicating a year-on-year decrease in losses of 50.78% to 60.62% [1] - Overall operating revenue is expected to decline compared to the same period last year, despite increases in revenue from the rail transit and aerospace sectors [1] Industry Impact - The photovoltaic industry chain is experiencing destocking and ongoing sluggish demand, which has adversely affected the demand for monocrystalline pulling materials, leading to significant impacts on the company's photovoltaic new energy segment [1] - The recovery in the rail transit and aerospace sectors has not been sufficient to offset the downturn in the photovoltaic segment [1]

Core Viewpoint - Tianyi New Materials (688033) expects a net profit loss of 190 million to 240 million yuan for the first half of 2025, indicating a significant reduction in losses compared to the previous year [1] Group 1: Financial Performance - The company anticipates a reduction in losses by 253 million to 303 million yuan compared to the same period last year [1] - Overall operating revenue for the first half of 2025 is expected to decline compared to the same period last year [1] Group 2: Business Segments - The railway transportation and aerospace sectors are showing signs of recovery, with increased revenue in both segments [1] - The photovoltaic new energy sector is facing significant challenges due to inventory destocking and ongoing market weakness, leading to weak demand for monocrystalline pulling materials [1]