DKEM Reported a Swing from Profit to Loss in 2025, with Net Profit at -276 million yuan

Published: Mar 30, 2026 17:53
DKEM (300842.SZ) reported attributable net profit of -276 million yuan in 2025, down 176.80% YoY, mainly due to fluctuations in raw material silver powder prices and the impact of non-recurring gains and losses. The company recorded operating revenue of 18.046 billion yuan, up 17.56% YoY; net profit excluding non-recurring items was 163 million yuan, down 62.78% YoY. The board of directors proposed not to distribute cash dividends.
Operationally, full-year sales of PV conductive paste were 1,829.16 mt, down 10.23% YoY, of which N-type TOPCon battery paste accounted for 95.72%. The company will continue to increase R&D in N-type battery paste technology to consolidate its industry-leading position.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Baiyin Launches $950M Project for 800mt/yr Silver Powder & Paste, Targeting $9B Revenue
Common.Time.hoursAgo
Baiyin Launches $950M Project for 800mt/yr Silver Powder & Paste, Targeting $9B Revenue
Read More
Baiyin Launches $950M Project for 800mt/yr Silver Powder & Paste, Targeting $9B Revenue
Baiyin Launches $950M Project for 800mt/yr Silver Powder & Paste, Targeting $9B Revenue
Construction Content The project is planned to build a production site for PV and electronic-grade new materials centered on high-purity silver powder and silver paste, supported by intensive precious metal processing and the development of cultural and creative derivative products. Main products include high-purity silver powder (200 mt/year), silver ingots (200 mt/year), PV silver paste (200 mt/year), and silver jewelry cultural and creative products (200 mt/year), with total output value exceeding 9 billion yuan. The technology process adopts efficient electrorefining, with silver purity reaching above 99.995% (up to 6N grade), supporting high-end applications such as semiconductor bonding wires and superconducting materials.
Common.Time.hoursAgo
Gold: Institutional Demand Wave Yet to Come – Silver Totters Despite Deficit
Common.Time.hoursAgo
Gold: Institutional Demand Wave Yet to Come – Silver Totters Despite Deficit
Read More
Gold: Institutional Demand Wave Yet to Come – Silver Totters Despite Deficit
Gold: Institutional Demand Wave Yet to Come – Silver Totters Despite Deficit
From the perspective of Sprott’s experts, gold remains a central strategic building block for investors, even if the precious metal suffers in the short term from the rise in US Treasury yields.
Common.Time.hoursAgo
With a Total Investment of 210 Million Yuan, Shanghai Silver Paste’s New Base Broke Ground in Songjiang
Common.Time.hoursAgo
With a Total Investment of 210 Million Yuan, Shanghai Silver Paste’s New Base Broke Ground in Songjiang
Read More
With a Total Investment of 210 Million Yuan, Shanghai Silver Paste’s New Base Broke Ground in Songjiang
With a Total Investment of 210 Million Yuan, Shanghai Silver Paste’s New Base Broke Ground in Songjiang
On March 25, the groundbreaking ceremony for the “New-Type Silver Paste Product Intelligent Manufacturing Base Project” of Shanghai Silver Paste Technology Co., Ltd. was held. It is expected to reach full production in January 2030, when it will form an annual production capacity of 650 mt of PV silver paste, achieve annual output value of 5 billion yuan, and generate annual tax revenue of over 24 million yuan. The new base will introduce internationally advanced R&D equipment and experimental facilities to realize automation, intelligence, and lean management throughout the entire production process, while simultaneously enhancing technological R&D capabilities, production efficiency, and product consistency.
Common.Time.hoursAgo