Zhong Guo Jing Ji Wang·2025-10-30 02:54Core Viewpoint - Sifang New Materials (四方新材) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating ongoing financial challenges for the company [1][2]. Financial Performance - For the first nine months of 2025, the company achieved a revenue of 778 million yuan, a year-on-year decrease of 24.18% [1][2]. - The net profit attributable to shareholders was -35.76 million yuan, compared to a profit of 10.88 million yuan in the same period last year [1][2]. - The net profit after deducting non-recurring gains and losses was -55.06 million yuan, down from 4.70 million yuan year-on-year [1][2]. - The net cash flow from operating activities was 161 million yuan [1]. Historical Context - Sifang New Materials was listed on the Shanghai Stock Exchange on March 10, 2021, with an initial offering price of 42.88 yuan per share [3]. - The stock reached a peak price of 61.75 yuan on its first trading day but is currently in a state of decline [3]. - In 2024, the company reported a revenue of 1.41 billion yuan, a decrease of 28.93%, and a net loss of 164 million yuan [4]. - The company distributed cash dividends and capital reserves to shareholders in 2021, increasing its total share capital [4].