Tianyang New Materials Halts Photovoltaic Business to Focus on High-End Adhesives

Management
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Tianyang New Materials hosted an online investor research session on September 3 for all investors participating in its 2026 semi-annual results briefing, with Chairman Ru Zhengwei, General Manager He Guoxin, and other senior executives in attendance. In response to investor questions about the gross margin of its photovoltaic film business, the company said it had stopped its photovoltaic operations at the end of 2025, and is now focusing on electronic adhesives and mid-to-high-end hot melt adhesives, while gradually increasing research and development investment in high-end adhesive products. The company also addressed issues such as fluctuations in upstream particle and EVA resin prices.

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Tianyang Hot Mel
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Tianyang halted its photovoltaic film operations at end-2025 and is refocusing on electronic and high-end hot melt adhesives, a strategic business shift with mixed near-term implications.