ST Haiyuan: Net loss of 186 million yuan in 2025.

ST Haiyuan disclosed its annual report on April 26th, achieving a revenue of 389 million yuan in 2025, a year-on-year increase of 100.36%; net profit attributable to the parent company was a loss of 186 million yuan. The company focuses on two major tracks: lightweight composite materials and photovoltaic components. Currently, the downstream of the company's lightweight composite materials business is mainly in the automotive industry, and products have also been successfully expanded to the energy storage industry, forming a business pattern driven by both automotive and energy storage.