On January 23, Ojing Science & Technology announced that due to the phased supply-demand imbalance in the photovoltaic industry chain and intensified market competition, the demand from downstream customers for its supporting photovoltaic product processing business has declined. In order to reduce losses, lower operating costs, and protect shareholder interests, its wholly-owned subsidiary Tianjin Ouchuan Environmental Protection Technology Co., Ltd. has suspended all production lines, while its subsidiary Yixing Ouqing Environmental Protection Technology Co., Ltd. has partially suspended its lines. Production resumption will be decided based on market conditions and other factors.
Tianjin Ouchuan is projected to report a net loss of Yuan 33.7055 million in 2025. The partially suspended production lines at Yixing Ouqing are expected to incur a net loss of Yuan 0.4008 million in 2025. The combined impact accounts for over 10% of the company's estimated (unaudited) net profit attributable to shareholders for 2025.
Edited by Cassie Li, lixiangying@mysteel.com
