On July 15, * ST Mubang issued a semi-annual performance forecast, the company expects to reduce losses in January-June 2025, and the net profit attributable to shareholders of listed companies is -180 million to-150 million; The net profit attributable to the owner of the parent company is -180 million yuan to-148 million yuan.
For the performance reduction, the company said that the main reason was that the price of photovoltaic industry chain continued to decline, the industry competition became increasingly fierce, the average price of silicon materials and silicon wafers dropped sharply, and the price of silicon wafers dropped more than that of silicon materials; At the same time, the prices of consumables such as electricity and crucibles in manufacturing costs increased year on year, resulting in a significant decline in gross profit of the main business. At the same time, during the reporting period, the company's silicon wafer (silicon rod) business inventory depreciation reserve increased significantly.
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