Market Overview: The domestic DMC market continues to be weak, with prices slightly decreasing. The current market average price is 10850 yuan/ton, with a daily decline of 50 yuan. Downstream is in the traditional off-season, with weak demand and a bearish mentality among industry players; The early maintenance equipment is gradually resuming production, and the market supply pressure is increasing. Under the dual pressure of supply and demand, manufacturers bid for shipments, resulting in a downward shift in the center of gravity of actual transaction prices. Raw material side: Metal silicon has a short-term strong operation. Supply side: Maintenance devices are gradually restarting, and the operating load of individual units is increasing. On the demand side, there is a strong bearish sentiment downstream, mainly focused on digesting previous inventory.
On October 30th, Hesheng Silicon Industry released its third quarter report for 2025, which showed that the company achieved a revenue of 5.43 billion yuan during the reporting period, a year-on-year decrease of 23.51%; The net profit attributable to shareholders of the listed company was 75.6675 million yuan, a year-on-year decrease of 84.12%. Although the year-on-year growth is still negative, the quarterly profit indicator has turned positive compared to the loss trend in the first half of the year.
Although the performance has rebounded in the third quarter, Hesheng Silicon Industry remained in a loss making state for the first three quarters, with a cumulative net profit of -321 million yuan. Some financial indicators showed significant changes, with asset impairment losses of 213 million yuan in the first three quarters and -167 million yuan in the first half of the year; Other income for the first three quarters was 409 million yuan, an increase from 298 million yuan in the first half of the year.
Regarding the change in profits, Hesheng Silicon Industry stated that it was mainly affected by factors such as a year-on-year decrease in product sales and sales prices, as well as losses from the shutdown of the photovoltaic sector.
Recently, the core product of Inner Mongolia Xingxing Chemical, decamethylcyclopentasiloxane (D5), has successfully won the title of "Inner Mongolia Autonomous Region Manufacturing Industry Single Champion" with outstanding technical strength, leading market position, and stable business performance. This honor is not only a high recognition of the company's focus on segmented fields and adherence to the development path of "specialization, uniqueness, excellence, and refinement", but also marks a new level of development for Inner Mongolia's high-end silicone manufacturing industry.