Cybrid Technologies Inc.(603212.SH) issued a profit warning, with an estimated net loss of 200 to 250 million yuan in 2024, turning from profit to loss.

Cybrid Technologies Inc. (603212.SH) announced that, according to preliminary calculations by the finance department, it is expected to achieve a net profit attributable to the owners of the parent company of -250 million to -200 million in 2024, compared to a profit in the same period last year (as disclosed by law). It is expected to achieve a net profit attributable to the owners of the parent company of -260 million to -210 million after deducting non-recurring gains and losses in 2024. During the reporting period, the company was affected by changes in the supply and demand relationship in the photovoltaic industry, transmission of price pressure along the industrial chain, and intensified market competition, leading to a decrease in the demand and unit price of photovoltaic backsheet, and a basic stable sales volume of photovoltaic film but a decrease in product price, resulting in a year-on-year decrease in the company's operating income and a decrease in the profitability of products.