Montai High-Tech: Loss of 61.9447 million yuan in 2025, plans to distribute 4 shares for every 10 shares.

People’s Finance and News, April 2—Mengtai Hi-Tech (300876) disclosed its annual report on April 2. In 2025, the company achieved operating revenue of RMB 518 million, up 5.08% year over year; net profit attributable to shareholders was -RMB 61.9447 million. The company plans to increase shares by converting capital reserve funds into shares for all shareholders at a rate of 4 shares for every 10 shares. The main reasons for the loss in performance during the reporting period are: 1. The company’s annual production expansion projects—an annual output of 23,000 tons of polypropylene fiber expansion project and a 10,000-ton expanded continuous filament technology upgrade project—were put into operation. Due to a combination of factors such as the industry’s broader macro environment and supply-demand dynamics, weak downstream demand, and market competition, there were phased adaptation issues after the new capacity came online. The production-to-sales ratio remained insufficient, and the product’s unit fixed costs were relatively high. 2. Goodwill formed from business combinations involving enterprises not under the same control was assessed and a goodwill impairment provision was made based on evaluations by professional appraisal institutions. 3. The company focused on advancing the construction of its two major carbon fiber projects in Guangdong and Gansu, investing large amounts of capital, personnel, and management resources, resulting in high expenses. 4. Interest amortization from funds raised by convertible bonds led to higher financial expenses.