Ningxin New Materials: Net loss of 333 million yuan in 2025

Ningxinxin Materials releases an earnings performance express report. In fiscal year 2025, operating revenue was 215 million yuan, a year-on-year decrease of 42.06%. Net profit was a loss of 333 million yuan, compared with a loss of 259 million yuan in the same period last year. In the reporting period, the main reasons for the company’s decline in operating performance are: first, affected by the macroeconomic environment, the downstream industries remained sluggish throughout the year, and reduced production capacity led to higher unit costs of the company’s special graphite products; in accordance with the principle of prudence, the company made the corresponding provision for inventory price decline based on the lower of inventory’s net realizable value and cost; second, due to industry impacts, the collection speed of the company’s downstream customers slowed down, causing delayed collection of the company’s accounts receivable, and the expected credit impairment loss provision increased significantly; third, due to factors including the decline in the prices of relevant products and limitations on the production capacity utilization rate, the company, in accordance with the “Accounting Standards for Enterprises No. 8—Asset Impairment” and the relevant systems for the company’s provision for asset impairment, and based on the principle of prudence, after conducting impairment tests on the relevant assets, plans to recognize impairment provisions for certain assets.