Yunnan Energy New Material forecasts net loss in H1 2025

Yunnan Energy New Material anticipates a net loss attributable to shareholders of between CNY 82.65 million and CNY 107.35 million for the first half of 2025, a downturn compared to the CNY 291.0274 million profit in the same period last year. Excluding non-recurring gains and losses, the projected net loss is between CNY 83.20 million and CNY 107.90 million, versus a profit of CNY 259.5074 million previously. Basic earnings per share are expected to be a loss of between CNY 0.09 and CNY 0.11 per share, down from earnings of CNY 0.30 per share. While the company's core wet-process lithium battery separator business demonstrates resilience, declining gross profit margins, losses in aluminum-plastic film and dry-process separator segments, and increased overseas operational expenses are contributing factors to the expected loss. The company also plans to make inventory write-downs.