Securities Code: 002585 Securities Abbreviation: Shuangxing New Materials Announcement Number: 2026-022 Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. Announcement on Abnormal Fluctuations in Stock Trading The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions. Key Content Reminder:
- The stock of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. (hereinafter referred to as the "Company") has experienced abnormal trading fluctuations, with a cumulative increase in closing price exceeding 20% over three consecutive trading days (June 17, 2026, June 16, 2026, and June 15, 2026). In accordance with the relevant provisions of the "Trading Rules of Shenzhen Stock Exchange," this constitutes abnormal stock trading fluctuations.
- The Company's MLCC release film project is still in the cultivation and construction phase. Affected by multiple factors, the gross profit margin of this product is currently negative. In 2025, the revenue from this project is expected to account for approximately 0.3% of the Company's total revenue, having a minimal impact on the Company's performance. In the future, the construction of this project may be affected by market fluctuations, product price fluctuations, and other factors. Investors are kindly requested to pay attention to investment risks, make rational decisions, and invest prudently.
- The Company's MLCC release film is mainly used in the consumer electronics and automotive electronics fields. Due to the high technical barriers in AI computing power-related products, the Company is not involved in the AI computing power application field. The MLCC release film produced by the Company is a consumable material for the film casting process in MLCC manufacturing, accounting for approximately 10%-20% of the total cost of MLCC products. Downstream industries are susceptible to global macroeconomic sentiment, fluctuations in consumer spending, product iteration cycles of terminals like mobile phones, tablets, and computers, and the shipment plans of major customers. Market demand exhibits strong cyclicality and uncertainty. Simultaneously, intense industry competition can lead to price declines that squeeze profit margins. Coupled with fluctuations in upstream raw material prices, international trade friction, and geopolitical policy changes, these factors may cause changes in downstream orders, fluctuations in production costs, and delays in product delivery, thereby bringing uncertainty risks to the Company's product sales, revenue, and operating performance.
- On April 28, 2026, the Company disclosed its "2025 Annual Report." The net profit attributable to shareholders of the listed company in 2025 was -52,742.23 million yuan. Investors are kindly requested to pay close attention to the