Plastic Industry Updates & Resources

【Wingtech Technology: Net Loss Expected to Reach CNY 9 Billion-13.5 Billion in 2025】Wingtech Technology: It is projected to have a net loss of RMB 9 billion to RMB 13.5 billion in 2025. As of the end of this reporting period, the company's control over Nexperia remains temporarily restricted, which will have a significant impact on the company's performance during the reporting period.

【Naike New Materials Completes Series A Financing to Focus on Sodium-ion Battery Industrialization】 On January 30, sodium-ion battery enterprise Naco New Materials announced the completion of its Series A financing, led by Toukong Donghai. Starting with biomass-based hard carbon anode material technology, the company has gradually expanded into full-chain sodium-ion battery material R&D, battery manufacturing, and the industrialization of advanced battery technologies. Its products target scenarios such as electrochemical energy storage, low-speed electric vehicles, electric bicycles, and data centers. This round of financing will be used to accelerate the construction of pilot production lines, the mass production of core materials, and the expansion of the R&D team.

【Gongyuan Shares: Net Profit Expected to Decline 66.39%-74.01% in 2025】 Gongyuan Co., Ltd. (002641.SZ) announced that it expects its net profit attributable to shareholders of listed companies in 2025 to be between RMB 49.5 million and RMB 64 million, a year-on-year decrease of 74.01% to 66.39%. The net profit after deducting non-recurring gains and losses is expected to be between RMB 9 million and RMB 13 million, a year-on-year decrease of 94.10% to 91.47%. The main reasons for the company's performance change are the continuous**** of demand in the downstream real estate market, the decline in sales volume and prices of the company's pipeline domestic trade business, the decrease in gross profit margin, and increased expenditures due to the restructuring of the Shanghai base business.

【Indonesian Oriental Yuhong Forges Strategic Partnership with Indonesian Rural Officials Association (PPDI)】Recently, Oriental Yuhong Indonesia and the Indonesian Village Officials Association (PPDI) officially signed a strategic cooperation agreement. Focusing on the national village renovation projects in Indonesia, the two parties will provide professional support for local village house renovation projects with Oriental Yuhong's technical standards, product system, and construction services as the core support, helping to improve the quality of the Indonesian rural living environment.

【Ministry Of Ecology And Environment: Accelerate The Mercury-Free Transformation Of Polyvinyl Chloride (PVC) Industry 】When answering a reporter's question about the "Announcement on Issuing Control Requirements for 12 Types of Mercury-Added Products Including Mercury-Containing Batteries and Polyurethane Production Processes Using Mercury-Containing Catalysts," a relevant official from the Solid Waste and Chemicals Department of the Ministry of Ecology and Environment stated that China will focus on key areas such as the research and development of mercury-free catalysts and accelerate the mercury-free transformation of the PVC industry. Recently, the Ministry of Ecology and Environment, together with other relevant departments, jointly issued the "Announcement," which specifies the control requirements for the production and import/export of 12 types of mercury-added products, including mercury-containing batteries, and prohibits the use of mercury-containing catalysts in the production of polyurethane.