Market Overview: The domestic DMC market price fell slightly by 80 yuan/ton today, with the average price dropping to 10850 yuan/ton. Due to weak downstream demand and low acceptance of high priced raw materials, some manufacturers have lowered their quotations, but new orders remain sluggish, leading to divergent attitudes among manufacturers.
Raw material side: The main raw material metal silicon has slightly increased.
Supply side: The operating rate of individual units is still acceptable, but the performance of pre-sale orders is differentiated.
Demand side: Downstream orders for silicone rubber and silicone oil are weak, and there is a lack of raw material stocking power.
It is reported that the total profit of the company during the same period was 1.4370223 billion yuan, the net profit attributable to the owners of the parent company was 9.780496 billion yuan, and the net profit attributable to the owners of the parent company after deducting non recurring gains and losses was 898.9842 million yuan.
The main reasons for the expected loss in this period's performance are:
In the first half of 2025, the overall downstream demand for industrial silicon will be weak. Under the influence of the self-discipline agreement in the photovoltaic industry, the overall operating rate of polycrystalline silicon is at a low level; At the same time, due to the temporary imbalance between supply and demand of industrial silicon and polycrystalline silicon, as well as the impact of hedging on both futures and present markets, the prices of industrial silicon and polycrystalline silicon have continued to decline. Especially since the second quarter, the rush to install photovoltaics has gradually subsided, and terminal demand has cooled down in stages, resulting in a significant expansion of price drops. As a result, the sales price of industrial silicon in the company has experienced a significant year-on-year decline, and the photovoltaic sector has been affected by a combination of losses from work stoppages and provisions for inventory depreciation. The company's operating performance during the reporting period has shown periodic losses.
Faced with the test of the bottom of the industry cycle, the company will adhere to the principle of "focusing on the main business, strengthening the core, optimizing configuration", ensuring stable and orderly operation of factories in various regions, continuously promoting refined management, optimizing cost reduction and efficiency improvement strategies, improving production processes, utilizing scale advantages and industrial chain advantages to reduce product production costs, enhancing efficiency and competitive advantages, ensuring the stability of the company's core competitiveness, maintaining positive operating cash flow, and promoting the healthy and sustainable development of the company.