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

Published: Mar 30, 2026 17:53

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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.

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