The industrial hemp sector has undergone significant adjustments, and GETM has hit the daily limit down

The industrial hemp sector has undergone significant adjustments, GETM has hit the limit down, and HYBIO, Fangsheng Pharmaceutical, and Bohai Chemical have followed suit

GETM: Expected net profit loss of 6 million to 9 million yuan in the first half of 2025

GETM expects a net loss of 6 million to 9 million yuan in the first half of 2025, compared to a loss in the same period last year. The net profit after deducting non-recurring gains and losses is expected to be between -6.5 million and -9.5 million yuan. Although the revenue from plastic machinery and textile machinery businesses is stable, the lithium battery new materials business has not achieved profitability. The textile business is expected to see a rebound in product prices and gross profit margins by mid-June 2025, but overall it remains at a low level, resulting in losses

The industrial hemp sector adjusted, GETM hit the limit down, and Meichen Technology, AYJK, HUAFANG COMPANY, and others followed suit

GETM: The company is not involved in solid-state battery business

GETM issued a risk warning announcement, emphasizing that the company's main business includes textiles, textile machinery, plastic machinery, and lithium battery materials. The expected operating revenue from lithium battery materials in 2024 is RMB 21.7221 million, accounting for 1.70% of the main business revenue. The company is not involved in solid-state battery business, and as of the announcement date, there have been no significant changes in the main business and operating conditions, with internal operations running normally

GETM: There have been no significant changes in daily operating conditions

GETM issued a notice of unusual movement, confirming with the management that there have been no significant changes in the company's daily operations, no major adjustments in the market environment or industry policies, and no substantial fluctuations in the production costs and sales of various products. The internal production and operational order is normal