IRICO NEWENERGY issued a profit warning, expecting a mid-term net loss attributable to the parent company of approximately 290 million to 320 million yuan, a year-on-year turnaround from profit to loss

IRICO NEWENERGY issued a profit warning, expecting a net loss attributable to the parent company of approximately 290 million to 320 million yuan in the first half of 2025, turning from profit to loss year-on-year. The expected operating revenue is between 1.495 billion and 1.525 billion yuan, a year-on-year decrease of approximately 25.21% to 26.68%. Although the sales volume of photovoltaic glass increased by 5.5%, the significant decline in product prices led to a substantial decrease in operating revenue. The company will continue to promote cost reduction, efficiency enhancement, and technological innovation, but the gross profit margin has significantly declined, and some inventory has been subject to impairment provisions