Hoshine Silicon Industry (603260) investor relations material

Executive summary

• Revenue for Q3 2025 was RMB 5.43 billion, down 23.51% year-over-year, with net profit attributable to shareholders at RMB 75.67 million, a decline of 84.12% compared to the same quarter last year.

• For the first nine months, revenue was RMB 15.21 billion, down 25.35% year-over-year, and net loss attributable to shareholders was RMB 321.42 million, compared to a profit of RMB 1.45 billion in the prior year.

• The sharp decline in profit was mainly due to lower sales volume and prices of main products, and losses from the photovoltaic segment shutdown.

Financial highlights

• Q3 2025 total profit was RMB 14.36 million, down 97.78% year-over-year; nine-month total profit was a loss of RMB 337.78 million, down 116.22%.

• Basic and diluted EPS for Q3 were RMB 0.06, down 85% year-over-year; for the nine months, both were -0.27, down 121.95%.

• Operating cash flow for the first nine months was RMB 3.73 billion, up 104.94% year-over-year.

• Gross margin and other profitability metrics declined sharply due to market and operational pressures.

Outlook and guidance

• Management adjusted production and inventory in response to market demand, focusing on cost reduction and efficiency improvements.