Photovoltaic business maximum provision for impairment of 1.3 billion! The net profit of Hesheng Silicon in 2025 is expected to be 2.8 billion yuan to 3.3 billion yuan.

2026-02-02 13:14:53

The expected loss of Hesheng Silicon in 2025 is RMB2.8 billion to RMB3.3 billion, which is mainly due to the shutdown of photovoltaic business, inefficient operation and provision for asset impairment of RMB1.1 billion to RMB1.3 billion; the main business of industrial silicon and organic silicon is still resilient.

On January 31, Hesheng Silicon Industry issued its annual performance forecast for 2025. The company expects to achieve a net profit loss of 3.3 billion yuan to 2.8 billion yuan attributable to the owner of the parent company in 2025. In the same period of last year, the net profit attributable to the owners of the parent company was RMB 1,740,476,600, and there will be a loss in 2025. The net profit attributable to the owners of the parent company after deduction of non-recurring gains and losses is a loss of RMB 3.33 billion to RMB 2.83 billion.

In view of the reasons for the performance loss, Hesheng Silicon Industry said that the main reasons for the performance loss in the reporting period were concentrated in the photovoltaic business sector. The polysilicon market is gradually restored under the synergy of policy and market, but it still faces challenges such as insufficient short-term demand and high inventory. Compared with 2024, the company's photovoltaic business in 2025 was affected by factors such as the shutdown of polysilicon production line and the low capacity utilization rate of photovoltaic module production line, resulting in greater shutdown losses and operating losses.

At the same time, based on the above significant changes in the photovoltaic business, the evaluation report of the relevant asset impairment test is still in the process of preparation. In accordance with the Accounting Standards for Business Enterprises and relevant regulations and in line with the principle of prudence, the company conducted an impairment test on the relevant long-term assets and made a provision for impairment of assets of about 1.1-1.3 billion yuan. The above reasons, such as shutdown losses and asset impairment, have led to a large loss in the photovoltaic sector, which has a significant impact on the company's overall profits.


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The expected loss of Hesheng Silicon in 2025 is RMB2.8 billion to RMB3.3 billion, which is mainly due to the shutdown of photovoltaic business, inefficient operation and provision for asset impairment of RMB1.1 billion to RMB1.3 billion; the main business of industrial silicon and organic silicon is still resilient.

2026-02-02 13:14:53

On February 5, Hurun Research Institute released Hurun China Top 500 2025, which lists the top 500 non-state-owned enterprises in China and ranks them according to their value. The market value of listed companies is calculated according to the closing price on November 14, 2025, and the valuation of non-listed companies is estimated with reference to the listed companies in the same industry or according to the latest round of financing. This is the seventh time in a row that the Hurun Research Institute has released the "Hurun China Top 500".