Group 1 - The company expects a net profit attributable to shareholders of the parent company to be between -3.3 billion and -2.8 billion yuan for the year 2025, indicating a loss compared to the same period last year [1] - The industry is undergoing a phase of structural adjustment in supply and demand, leading to downward pressure on product prices in 2025 [1] - The demand in the industrial silicon market has significantly contracted year-on-year due to changes in the supply and demand relationship within the photovoltaic industry chain, resulting in a decline in sales prices [1]