Caihong Display Devices forecasts 48% profit decline

Caihong Display Devices expects net profit for the first half of 2025 to fall between 410 million and 480 million yuan, down 48% to 55% from the same period last year.

The company attributed the decline to falling TV panel prices, a significant drop in G6 substrate glass sales, and increased financial expenses from external investor capital contributions to a controlling subsidiary.

Despite challenges, Caihong maintained growth in G8.5+ liquid crystal substrate glass product sales and revenue.