Sanlipu: Net profit in 2025 is expected to decrease by 30.85% year-on-year, with a proposed dividend of 10 shares for every 1.09 yuan.

People’s Finance News, April 2. On April 2, Sanlipo (002876) disclosed its annual report. In 2025, the company achieved operating revenue of 3.688 billion yuan, up 42.41%; net profit attributable to shareholders was 47.0869 million yuan, down 30.85% year over year; and basic earnings per share were 0.27 yuan. The company plans to distribute a cash dividend of 1.09 yuan for every 10 shares (including tax). During the reporting period, the company’s year-over-year decline in net profit was mainly due to the following: the company’s raised capital projects Hefei Sanlipo Phase II TFT-LCD polarizer film production line newly came into production, and its yield and capacity utilization are still in the ramp-up stage, has not yet achieved profitability, and brought a loss of 49.7556 million yuan to 2025; finance costs increased by 46.9695 million yuan compared with the same period last year, mainly because the Japanese yen appreciated, resulting in foreign exchange losses, while the same period last year recorded foreign exchange gains. Due to foreign exchange gains and losses, profit decreased by 20.2146 million yuan compared with the same period last year. In addition, as the company increased investment in its new production line and made external investments, bank borrowings increased, and interest expense rose by 25.8684 million yuan compared with the same period last year; other income decreased by 12.0622 million yuan compared with the same period last year, mainly due to a reduction in value-added tax additional credit offsets; and investment losses recorded using the equity method for associate companies such as Hubei Sanlipo increased by 8.2627 million yuan compared with the same period last year.