Jinjing Technology announced that in order to optimize the industrial layout and reduce ongoing losses, the company plans to shut down the soda ash and baking soda production lines of the holding subsidiary Shandong Haitian Biochemical Co., Ltd., and will carry out equipment dismantling and asset disposal in the future. The subsidiary uses the ammonia process and has continued to lose money in recent years, with a net loss of 67.2488 million yuan in 2025 and a net loss of 101 million yuan from January to June 2026. This shutdown involves asset impairment, which will reduce the company's net profit due to mother in 2026. The final amount of impairment still needs to be assessed and confirmed by audit, and there is uncertainty about the impact on current results. After the shutdown, the subsidiary plans to build 2 1200T/D coated functional glass production lines in two phases.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.