证券代码：688299 证券简称：长阳科技 公告编号：2026-010 2.以上财务数据及指标以合并报表数据填列，但未经审计，最终结果以2025年年度报告为准。 二、经营业绩和财务状况情况说明 宁波长阳科技股份有限公司 2025年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以宁波长阳科技 股份有限公司（以下简称"公司"）2025年年度报告为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：人民币万元 ■ 注：1.本报告期初数同法定披露的上年年末数。 特此公告。 宁波长阳科技股份有限公司董事会 2026年2月27日 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素。 报告期内，公司主要产品反射膜基本盘稳定；受宏观环境、市场供需情况等影响，锂电隔膜、胶膜、光 学基膜等产品竞争激烈，2025年公司收缩了锂电隔膜、胶膜等低毛利率产品的销售和生产，公司对锂电 隔膜、胶膜、光学基膜等相关固定资产及在建工程计 ...

报告期内，公司主要产品反射膜基本盘稳定;受宏观环境、市场供需情况等影响，锂电隔膜、胶膜、光 学基膜等产品竞争激烈，2025年公司收缩了锂电隔膜、胶膜等低毛利率产品的销售和生产，公司对锂电 隔膜、胶膜、光学基膜等相关固定资产及在建工程计提减值损失增加。综上，公司2025年度净利润出现 较大幅度的亏损。 长阳科技(688299.SH)发布2025年度业绩快报，报告期内，公司实现营业收入10.79亿元，同比下降 19.24%，归属于母公司所有者净亏损1.45亿元。 ...

智通财经APP讯，长阳科技(688299.SH)发布2025年度业绩快报，报告期内，公司实现营业收入10.79亿 元，同比下降19.24%，归属于母公司所有者净亏损1.45亿元。 报告期内，公司主要产品反射膜基本盘稳定;受宏观环境、市场供需情况等影响，锂电隔膜、胶膜、光 学基膜等产品竞争激烈，2025年公司收缩了锂电隔膜、胶膜等低毛利率产品的销售和生产，公司对锂电 隔膜、胶膜、光学基膜等相关固定资产及在建工程计提减值损失增加。综上，公司2025年度净利润出现 较大幅度的亏损。 ...

证券之星消息，长阳科技近日即将发布2025年年报，根据2月26日发布的业绩快报，归属净利润亏损 1.445亿元，同比减少390.9%。 业绩快报公告中对经营业绩和财务状况情况的说明： （一）报告期的经营情况、财务状况及影响经营业绩的主要因素。 报告期内，公司主要产品反射膜基本盘稳定；受宏观环境、市场供需情况等影响，锂电隔膜、胶膜、光 学基膜等产品竞争激烈，2025 年公司收缩了锂电隔膜、胶膜等低毛利率产品的销售和生产，公司对锂 电隔膜、胶膜、光学基膜等相关固定资产及在建工程计提减值损失增加。综上，公司 2025 年度净利润 出现较大幅度的亏损。 （二）主要指标增减变动幅度达 30%以上的主要原因说明。 公司 2025 年度归属于母公司所有者的净利润、归属于母公司所有者的扣除非经常性损益的净利润出现 较大幅度的亏损，主要为受宏观环境、市场供需情况等影响，锂电隔膜、胶膜、光学基膜等产品竞争激 烈，2025 年公司锂电隔膜、胶膜等产线停产，公司对锂电隔膜、胶膜、光学基膜等相关固定资产及在 建工程计提减值损失增加。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号 ...

格隆汇2月26日丨长阳科技(688299.SH)公布2025年度业绩快报，报告期内，公司实现营业收入10.79亿 元，同比下降19.24%；归属于母公司所有者的净利润-1.45亿元；归属于母公司所有者的扣除非经常性 损益的净利润-1.49亿元；报告期内，公司主要产品反射膜基本盘稳定；受宏观环境、市场供需情况等 影响，锂电隔膜、胶膜、光学基膜等产品竞争激烈，2025 年公司收缩了锂电隔膜、胶膜等低毛利率产 品的销售和生产，公司对锂电隔膜、胶膜、光学基膜等相关固定资产及在建工程计提减值损失增加。综 上，公司2025 年度净利润出现较大幅度的亏损。 ...

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Changyang Technology, including stock price movements and trading volumes [1][2] - On February 2, Changyang Technology's stock fell by 5.31%, with a trading volume of 280 million yuan. The net financing purchase on that day was 29.83 million yuan, indicating strong investor interest despite the price drop [1] - As of February 2, the total margin balance for Changyang Technology was 448 million yuan, accounting for 7.95% of its market capitalization, which is above the 60th percentile of the past year [1] Group 2 - As of September 30, the number of shareholders for Changyang Technology increased by 50.56% to 22,600, while the average circulating shares per person decreased by 33.58% to 12,718 shares [2] - For the period from January to September 2025, Changyang Technology reported a revenue of 809 million yuan, a year-on-year decrease of 19.38%, and a net profit attributable to shareholders of -5.34 million yuan, a significant decline of 128.82% [2] - Since its A-share listing, Changyang Technology has distributed a total of 130 million yuan in dividends, with 28.32 million yuan distributed over the past three years [3]

Group 1 - The core viewpoint of the news is that Changyang Technology's stock has seen a significant increase, with a rise of 5.04% to reach 20.00 CNY per share, resulting in a trading volume of 337 million CNY and a turnover rate of 6.28%, leading to a total market capitalization of 5.748 billion CNY [1] - Changyang Technology, established on November 16, 2010, and listed on November 6, 2019, specializes in the research, production, and sales of reflective films, backplane base films, optical base films, and other special functional films [1] - The main revenue composition of Changyang Technology includes reflective films at 71.84%, other supplementary products at 10.66%, other categories at 9.50%, and optical base films at 8.01% [1] Group 2 - From the perspective of fund holdings, Haifutong Fund has a significant position in Changyang Technology, with its Haifutong CSI 2000 Enhanced Strategy ETF (159553) holding 18,100 shares, accounting for 0.75% of the fund's net value, making it the fourth-largest holding [2] - The Haifutong CSI 2000 Enhanced Strategy ETF (159553) has a current scale of 41.0225 million CNY and has achieved a year-to-date return of 9.56%, ranking 1788 out of 5551 in its category; over the past year, it has returned 68.5%, ranking 586 out of 4285; since inception, it has returned 101.31% [2] - The fund manager of Haifutong CSI 2000 Enhanced Strategy ETF is Li Ziw, who has been in the position for 2 years and 350 days, with total assets under management of 476 million CNY, achieving the best fund return of 103.16% and the worst return of -21.29% during his tenure [3]

Core Viewpoint - Changyang Technology (688299.SH) is expected to report a significant increase in losses for the fiscal year 2025, with projected net losses ranging from 168 million to 116 million yuan, marking an increase of 86.56 million to 138.56 million yuan compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between -172 million and -120 million yuan, which represents an increase in losses of 71.11 million to 123.11 million yuan year-on-year [1] Product Performance - The company's main product, reflective film, has maintained a stable base; however, the competitive landscape for lithium battery separators, adhesive films, and optical base films has intensified due to macroeconomic conditions and market supply-demand dynamics [1] - In response to the competitive environment, the company has reduced sales and production of low-margin products such as lithium battery separators and adhesive films, leading to a decline in overall revenue [1] Impairment Losses - The company has increased provisions for impairment losses on fixed assets and construction in progress related to lithium battery separators, adhesive films, and optical base films due to the anticipated decline in revenue [1]

Core Viewpoint - The company, Changyang Technology, anticipates a net loss attributable to shareholders of the parent company ranging from 168 million to 116 million yuan for the year 2025, indicating an increase in losses compared to the previous year [1] Group 1: Financial Performance - The expected net loss for 2025 is projected to increase by 86.5635 million to 139 million yuan compared to the same period last year [1] - The company's main product, reflective film, has maintained a stable base during the reporting period [1] Group 2: Market Conditions - The company is facing intense competition in the market for lithium battery separators, adhesive films, and optical base films due to macroeconomic conditions and supply-demand dynamics [1] - As a result of the competitive landscape, the company has reduced sales and production of low-margin products such as lithium battery separators and adhesive films [1] Group 3: Asset Impairment - The company has increased the provision for impairment losses on fixed assets and construction in progress related to lithium battery separators, adhesive films, and optical base films [1]

Summary of Chaoyang Technology Conference Call Company Overview - **Company**: Chaoyang Technology - **Industry**: Flexible Display, Solid-State Batteries, Optical Films Key Points Industry Trends and Market Demand - Chaoyang Technology has postponed some projects due to investment pressure and market demand considerations [2][3] - Current domestic models still use CPI (Polyimide) solutions, but brands like Apple prefer UTG (Ultra-Thin Glass) combined with PET [2][3] - SKC from South Korea meets most domestic CPI demand, but no local companies have achieved stable mass production [2][12] - CPI has significant potential in commercial aerospace, particularly for solar wings, with a projected market demand of $300 million to $600 million if 10,000 satellites are launched annually, each with a solar wing area of 20 square meters [2][3] Product Developments - Chaoyang Technology has made progress in solid-state battery electrolyte composite films, achieving a thickness breakthrough to 7 micrometers and stable mass production, leading the industry [2][5] - The company is developing a lithium-ion membrane and is currently validating it with the Institute of Physics at the Chinese Academy of Sciences, expecting to launch a finished product by the Spring Festival or March [2][5] - The company plans to establish a production line with an annual capacity of 500,000 square meters in the second half of the year to meet flexible display and commercial aerospace demands [2][6] Financial Performance and Projections - The reflective film business is stable, with a global market share of approximately 55% to 60%, primarily in the liquid crystal display sector [3][9] - Expected revenue for 2026 is between 900 million to 1 billion RMB, with a gross profit of 350 million to 380 million RMB and a net profit of 150 million to 200 million RMB, maintaining stable performance [3][10] - The solid-state battery business anticipates significant production from major clients, with a capacity of 4 GW, and other client orders expected to clarify in the second half of the year [3][7] Competitive Landscape - No domestic companies have achieved stable mass production of CPI films, with only SKC having a production capacity of 800,000 to 1 million square meters [12] - Chaoyang Technology is one of the earliest entrants in the solid-state electrolyte film sector, having established relationships with major clients like Ningde, Beijing Weilan, Panasonic, and Samsung [15] - The company’s membrane thickness of 7 micrometers is significantly thinner than competitors, who typically exceed 12 micrometers, providing a competitive edge in product compatibility [15] Challenges and Risks - The dry separator business faced challenges in 2025, leading to no production due to narrow application fields and intense market competition [8] - The company plans to handle impairment of related equipment this year, which may delay impacts but has been accounted for in previous financial assessments [8][20] - The optical base film business has a small capacity of about 20,000 tons, with actual production below 10,000 tons last year, but market conditions are improving [19] Future Outlook - The solid-state battery development is seen as a gradual process, with 2026 expected to be a pivotal year for advancements in semi-solid and solid-state technologies [16][17] - The reflective film business is projected to see slight growth due to stable television demand and increasing screen sizes [18] - Overall, Chaoyang Technology is focused on enhancing product value and expanding market applications to solidify its technological leadership [6]