Hebei Haiwei Electronic New Material Technology Co., Ltd. (Haiwei Elec, 09609) released a profit warning, indicating a marked deterioration in operating performance for the year ended 31 December 2025.

Key figures • Revenue is projected to contract 15%–25% from FY2024’s RMB421.70 million, implying a range of roughly RMB316.27 million to RMB358.44 million. • Profit attributable to owners of the company is expected to fall 40%–50% from RMB89.88 million in FY2024, suggesting a range of about RMB44.94 million to RMB53.93 million.

Management cited two primary factors behind the downturn: 1. Intensified domestic competition that reduced both sales volume and average selling prices, compressing gross profit. 2. One-off listing expenses related to the company’s Main Board debut in Hong Kong during FY2025.

The disclosed figures are based on unaudited management accounts and may be subject to adjustment. Formal results will be published in the forthcoming FY2025 annual announcement. The board advises shareholders and potential investors to exercise caution when dealing in the company’s shares.