On August 18, Samsung New Material announced that Guohua Jintai (Shandong) New Material Technology Co., Ltd. (Hereinafter referred to as "Guohua Jintai"), a holding subsidiary, had recently received a "reminder" from the tax authorities, requiring it to fulfill its payment obligations within 10 days after receiving the "reminder", which would be enforced according to law if overdue. According to
the reminder, Guohua Jintai should pay a total of 21.24 million yuan in taxes from January 1, 2025 to August 11, 2026. Including 2.39 million yuan of urban land use tax, 1.61 million yuan of real estate tax, 314.42 yuan of environmental protection tax and 17.06 million yuan of enterprise income tax.
Source: According to the official website
of Guohua Jintai, Guohua Jintai was founded in June 2021, with R & D, manufacturing and sales of photovoltaic glass as its main business. In August 2023, in order to develop the second curve of business growth, Samsung New Material invested 40 million yuan to increase the capital of Guohua Jintai, holding 80% of the shares after the capital increase.
However, due to the imbalance between supply and demand in the photovoltaic industry and the continuing downturn in the prices of the main products in the industrial chain, Guohua Jintai's photovoltaic glass business has been in a loss state since it was put into operation. According to the data, from 2023 to 2025, the net profit of Guohua Jintai was -21.9855 million yuan, -22.340.11 million yuan and -341.2074 million yuan respectively .
Specifically, Guohua Jintai's first photovoltaic glass production kiln was put into operation in August 2024, and the actual operation time in 2024 was about 5 months. In that year, the operating income was 182 million yuan, the operating cost was 224 million yuan, and the gross profit rate was-22.97% . By 2025, the Company will achieve an operating income of RMB726 million, with a year-on-year increase of 298.62%; the gross profit rate will be 11.35%, and the gross profit will be RMB82,458,300; however, the net profit will still be a loss of RMB-341 million . The main products
of Guohua Jintai in 2025 were 2.0mm photovoltaic glass and 3.2mm photovoltaic glass , both of which suffered gross losses . The provision for impairment loss of fixed assets was 119 million yuan and the provision for impairment loss of construction in progress was 22.9397 million yuan. As a result, the scale of current losses was further expanded.
By the end of 2025, the net assets of Guohua Jintai was RMB -395,577,500.
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