On July 15, Hesheng Silicon Industry issued a performance forecast for the first half of 2025. According to
the report, the Company expects to realize a net profit attributable to the parent company of -400 million yuan to -300 million yuan in the first half of 2025, which will be a loss compared with the same period last year; the net profit attributable to the owner of the parent company after deducting non-recurring gains and losses will be -550 million yuan to -450 million yuan.
As for the reasons for the performance loss, Hesheng Silicon said that in the first half of 2025, the downstream demand for industrial silicon was weak as a whole. Under the influence of the White Law Convention in the photovoltaic industry , the overall operating rate of polysilicon is at a low level;
At the same time, affected by the periodic imbalance between supply and demand of industrial silicon and polysilicon, as well as the current hedging, the current market prices of industrial silicon and polysilicon have continued to decline , especially since the second quarter, the photovoltaic rush to install has gradually declined . Terminal demand has cooled down in stages, and the price decline has expanded significantly. Affected
by this, the company's sales price of industrial silicon declined significantly year-on-year, and the photovoltaic sector was affected by the loss of shutdown and the provision for inventory depreciation, resulting in a periodic loss in the company's operating results during the reporting period.