Hoshine Silicon reports Q3 profit plunge, board changes

Hoshine Silicon Industry Co., Ltd. reported a substantial decline in its 2025 third-quarter performance. Net profit attributable to shareholders decreased by 84.12% to 75,667,517.04 yuan for the quarter, with year-to-date figures showing a 122.10% drop, mainly attributed to lower product sales, decreased selling prices, and photovoltaic segment losses. Total operating revenue for the nine months ended September 30, 2025, was 15,205,987,951.61 yuan, a 25.35% decrease from the previous year.

The company announced its controlling shareholder, Hoshine Group, did not proceed with a planned share conversion into index fund units, with 11,822,069 shares remaining unconverted. Concurrently, board changes were disclosed as non-independent director Wang Haokun resigned due to governance restructuring, effective October 28, 2025. Yan Peiyu was elected as the new employee representative director.

Additionally, Hoshine Silicon Industry provided a guarantee of 150,000,000 yuan for its subsidiary, Xinjiang Xibu Hoshine Silicon Material Co., Ltd., increasing its total outstanding guarantees to 4,850,000,000 yuan. Post-guarantee, total external guarantees, including the latest, reached 2,089,256,470.00 yuan, representing 63.60% of the company's net assets. Share pledges by Luo Shu, an acting-in-concert party of the controlling shareholder, stood at 49.66% of his holdings.