Shangwei New Materials: It is expected that the net profit for the first half of 2025 will decrease by 32.91% compared to the same period.

Announcement from Shangwei New Materials: It is expected that the semi-annual operating income in 2025 will be 784 million yuan, an increase of 12.50% compared to the same period last year; the net profit attributable to shareholders of the listed company is expected to be 29.9 million yuan, a decrease of 32.91% compared to the same period last year; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be 26.04 million yuan, a decrease of 37.02% compared to the same period last year. The main reasons for the changes in performance in this period are an increase in overseas sales freight and commissions of approximately 11 million yuan, a sharp increase in the New Taiwan Dollar against the US Dollar by 11.76% in the second quarter, resulting in a exchange loss of about 7.68 million yuan caused by overseas US Dollar accounts receivable, and an increase in research and development testing fees for recyclable products of approximately 5.72 million yuan.