Feymer(SH:688350) Ge Long Hui A P P·2026-02-27 09:32Core Viewpoint - Fumiao Technology (688350.SH) reported a revenue of 1.389 billion yuan for the fiscal year 2025, marking an 11.29% year-on-year decline, but successfully turned a profit with a net profit of 14.27 million yuan, compared to a loss in the previous year [1] Financial Performance - Total revenue for the year was 1.389 billion yuan, down 11.29% year-on-year [1] - Operating profit was 30.7 million yuan, with total profit at 21.15 million yuan [1] - Net profit attributable to shareholders was 14.27 million yuan, achieving a turnaround from loss to profit [1] - Basic earnings per share were 0.12 yuan, with a weighted average return on equity of 1.01% [1] Asset and Equity Changes - Total assets at the end of the reporting period were 2.890 billion yuan, an increase of 7.03% from the beginning of the period [1] - Equity attributable to shareholders was 1.422 billion yuan, up 1.09% from the beginning of the period [1] Business Strategy and Market Performance - The company successfully optimized its business structure based on a systematic assessment of global market trends and industry dynamics [1] - Domestic sales revenue declined due to the strategic divestment of low-margin chemicals, while export business saw significant growth [1] - Internal cost reduction and efficiency improvement measures led to a notable enhancement in gross profit margin [1] Goodwill and Financial Costs - Goodwill impairment provision significantly decreased due to the improved operating conditions of Jiangsu Changjiu Agricultural Chemical Co., Ltd., a core subsidiary acquired in previous years [1] - Financial expenses increased due to the capitalization of interest on borrowings transitioning to expenses, along with impacts from exchange rate fluctuations [1]