Qilu Huaxin: Net loss of 4.7836 million yuan in 2025.

Qilu Huaxin released its performance report, achieving total operating income of 393 million yuan in 2025, a decrease of 10.03% year-on-year; net loss was 4.7836 million yuan, compared to a net profit of 10.6023 million yuan in the same period last year. The company's wholly-owned subsidiary, Huaxin Gaocai Products Market, focuses on exports. Due to the deterioration of the international trade situation and the downturn in the global petrochemical industry, export income sharply decreased, resulting in a decrease in the company's capacity utilization rate, an increase in unit product costs, a decrease in gross profit margin for some sales products, and inventory products generating price depreciation losses. The share-based payment expenses allocated in this period increased, leading to an increase in the company's loss amount.