石大胜华业绩预告不理想，净利连续三年“滑坡”

Core Viewpoint - The company, Shida Shenghua (603026), anticipates a significant decline in net profit for the first three quarters of 2025, projecting a loss compared to the previous year [1] Financial Performance - The company expects a net profit attributable to shareholders to be between -49 million to -75 million yuan, a decrease of 6026.51 million to 8626.51 million yuan year-on-year, representing a decline of 534.97% to 765.77% [1] - After excluding non-recurring gains and losses, the expected net profit is projected to be between -53 million to -79 million yuan, down by 5555.16 million to 8155.16 million yuan compared to the same period last year, indicating a decrease of 2177.13% to 3196.10% [1] Market Conditions - The company attributes the poor performance to intense market competition, leading to a decline in prices for some products. In response, the company has increased its market investment and R&D efforts, resulting in higher operating expenses and reduced operating profit [1] Historical Performance - The company's net profit has been declining for three consecutive years, with figures from 2021 to 2024 showing a significant drop: 1.178 billion yuan, 891 million yuan, 19 million yuan, and 16 million yuan, respectively, nearly approaching zero [1]