SANFER ELECTRIC(SH:605336) Zhong Guo Jing Ji Wang·2025-11-27 08:09Core Viewpoint - Shuaifeng Electric (605336.SH) reported a significant decline in financial performance for the first three quarters of 2025, with a 39.42% drop in revenue and a 93.32% decrease in net profit attributable to shareholders compared to the previous year [1][2]. Financial Performance Summary - The company achieved operating revenue of 1.90 billion yuan, down 39.42% year-on-year [1][2]. - The net profit attributable to shareholders was 2.95 million yuan, reflecting a 93.32% decline year-on-year [1][2]. - The net profit after deducting non-recurring gains and losses was -6.50 million yuan, a decrease of 119.54% year-on-year [1][2]. - The net cash flow from operating activities was -88.41 million yuan, down 4193.51% year-on-year [1][2]. Historical Performance Overview - In 2024, the net profit attributable to shareholders was 60.30 million yuan, a decline of 68.21% year-on-year [2]. - In 2023, the net profit attributable to shareholders was 190 million yuan, down 11.51% year-on-year [2]. - In 2022, the net profit attributable to shareholders was 214 million yuan, a decrease of 13.08% year-on-year [2][3]. Fundraising and Utilization - Shuaifeng Electric raised a total of 855 million yuan, with a net amount of 791 million yuan after deducting issuance costs [4]. - The funds were allocated as follows: 531 million yuan for a new project to produce 400,000 units of smart and energy-efficient integrated stoves, 110 million yuan for high-end kitchen product production lines, and 150 million yuan for marketing network construction [4]. Shareholder Distribution - The company distributed a cash dividend of 1.39 yuan per share (including tax) and increased capital by 0.3 shares for every share held, resulting in a total cash distribution of approximately 197.44 million yuan and a share increase of 42.61 million shares [5].