Hoshine Silicon reports semi-annual loss, restructures amid declining sales

Hoshine Silicon Industry reported a 140.60% decrease in net profit attributable to shareholders and a 124.51% decrease in total profit for the first half of 2025, reaching -397,086,612.70 yuan and -352,143,223.56 yuan respectively. This decline is attributed to lower industrial silicon sales, photovoltaic sector losses, and inventory write-downs. Total assets decreased by 3.88% to 87,248,709,442.40 yuan. The company also announced a strategic share transfer, with controlling shareholder Hoshine Group transferring 60,000,000 shares (5.08% of total share capital) to Xiao Xiuren. Following this transfer, Hoshine Group's stake will be reduced from 46.24% to 41.16%, but its control remains unchanged.

In line with the new Company Law and regulatory updates, Hoshine Silicon Industry is abolishing its supervisory board, with its functions transferred to the board's audit committee. This change aims to streamline governance and enhance operational efficiency. The company continues to prioritize investor returns, with a proposed cash dividend of 4.50 yuan per 10 shares, totaling 527,594,635.35 yuan for 2024, representing 74.63% of the average net profit over the last three years.

Additionally, Hoshine Silicon Industry has provided guarantees totaling 2,184,226.25 yuan (equivalent to 66.49% of its net assets) for its subsidiaries and announced a semi-annual write-down of assets by 181,441,391.57 yuan due to inventory and credit losses. The company emphasizes its commitment to stable operations, continuous improvement, and robust investor communication.