SICC CO.(SH:688234)2026-02-27 09:30Financial Performance - Total revenue for 2025 was CNY 146,488.25 million, a decrease of 17.15% compared to the previous year[2] - Net profit attributable to the parent company was CNY -20,838.91 million, a decline of 216.40% year-on-year[2] - Basic earnings per share decreased to CNY -0.47, a drop of 211.90% compared to the previous year[2] - The weighted average return on net assets was -3.55%, a decrease of 6.92 percentage points year-on-year[2] Assets and Equity - Total assets increased to CNY 958,317.41 million, up 30.26% from the beginning of the period[5] - Equity attributable to the parent company rose to CNY 717,386.36 million, an increase of 35.03%[5] - The company successfully completed an H-share issuance, which contributed to the increase in total assets and equity[8] Market Conditions - The average selling price of silicon carbide substrates decreased due to intensified market competition, impacting overall revenue[6] - Increased sales and R&D expenses contributed to the decline in net profit, with R&D investment growing to maintain technological leadership[6] - The company is facing risks related to tax expenses, foreign exchange losses, and asset impairment provisions due to market conditions[6]