Shengxin Lithium Energy: It is expected to have a net loss of 720 million to 850 million yuan in the first half of the year.

Sheng Xin Lithium Energy announced on July 14th that it expects a net loss attributable to the parent company of 720-850 million yuan in the first half of 2025, compared to a loss of 187 million yuan in the same period last year. The company stated that lithium product prices continued to decline in the second quarter, resulting in a decrease in gross profit compared to the same period last year. The company made provisions for impairment of assets on inventory in accordance with accounting standards, and it is expected that the provision for impairment of assets made in this reporting period will increase significantly compared to the same period last year, impacting profit.