Changhong Polymer: Net profit in the first half of the year is expected to decrease by 93.79% to 95.86% year-on-year

Changhong Polymer disclosed its performance forecast on the evening of July 14, estimating that the net profit attributable to shareholders of the listed company in the first half of 2025 will be between 4 million and 6 million yuan, a decrease of 93.79% to 95.86% year-on-year. During the reporting period, its subsidiary Zhejiang Changhong Biomaterials Co., Ltd. carried out technical upgrades to the PBT unit in the first quarter of 2025 to improve the production efficiency of existing facilities, which resulted in a longer downtime affecting output; at the same time, due to insufficient market demand in stages, the decline in product sales prices was greater than the decline in raw material prices, leading to a decrease in gross profit margin