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Express News | The glass substrate concept surged, with Caihong Co., Ltd. hitting the daily limit.
New Yi Chang (688383) In-Depth Report: Structural Optimization Completed, Emerging Fields Blossoming in Multiple Areas
Key investment highlights: New Yichang has a core focus on the die-bonding technology platform, with its business expanding from traditional LED die-bonding equipment to high-end equipment for semiconductors and new display technologies. The company specializes in intelligent manufacturing equipment, and its core competitiveness is not limited to a single model but revolves around
New Yichang (688383): Awaiting Demand Recovery with Multi-Category Layout
Item: The company announced its 2025 annual report. In 2025, the company achieved a revenue of 727 million yuan (-22.17% YoY) and a net profit attributable to shareholders of listed companies of -127 million yuan (-414.39% YoY). Ping An View
New Yichang reported a net loss attributable to shareholders of 1.27 billion yuan in 2025, with over the full-year losses concentrated in Q4, while R&D investment increased against the trend by 9.28%.
In 2025, Xinyichang's revenue reached 727 million yuan, a year-on-year decrease of 22.17%; the net loss attributable to shareholders was 127 million yuan, widening by 414.39% year-on-year, with the full-year loss concentrated in Q4. The core business faced significant pressure, with a non-recurring net loss of 131 million yuan, as bad debt and inventory impairment further eroded profitability. Research and development investment continued to increase, rising to 14.68% of total revenue, but overseas expansion remained weak, with domestic revenue accounting for 96.89%.
Xinyichang: Summary of the 2025 Annual Report of Shenzhen Xinyichang Technology Co., Ltd.
Xinyichang: 2025 Annual Report of Shenzhen Xinyichang Technology Co., Ltd.