Haimeixing: Net profit loss of 876 million yuan in 2025

Haimosun releases an earnings performance quick report. In fiscal year 2025, it achieved total operating revenue of RMB 4.188 billion, down 7.43% year over year; net profit recorded a loss of RMB 876 million, compared with a loss of RMB 163 million in the same period last year. In recent years, due to factors such as cyclical fluctuations in the lithium battery and photovoltaic industries and intensified market competition, the company’s overall profitability level has faced certain challenges. During the reporting period, the company conducted a comprehensive assessment of inventories that showed indications of impairment and accrued inventory write-down provisions in accordance with the relevant provisions of enterprise accounting standards. At the same time, the company continued to increase strategic R&D investment, actively advancing its global market expansion. The related spending increased operating costs in the short term and had a certain impact on profit for the current period, but it laid a solid foundation for the company’s long-term, sustainable development.