ST Xuefa reported a net loss attributable to shareholders of 1.91 billion yuan in 2025, with nearly 40% attributed to non-recurring losses, zero R&D expenses, and all shares of the controlling shareholder pledged.

The company reported operating revenue of 655 million yuan and net profit attributable to shareholders of -191 million yuan in 2025, reflecting year-on-year declines for both metrics; net operating cash flow amounted to -165 million yuan, deteriorating by 461.93%. The core business heavily relies on a low-margin supply chain (accounting for 94.04% with a gross margin of only 0.96%), while the scale of its high-margin tourism operations remains negligible. Continuous absence of R&D investment, combined with the controlling shareholder's shares being fully pledged and subject to judicial freeze, severely restricts the company’s ability to restore profitability and execute a strategic transformation.

lanjinger.comApr 29 15:46

ST Xuefa: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements

ST Xuefa: Summary of the 2025 Annual Report

SZSIApr 29 00:00 · Announcements

ST Xuefa: 2025 Annual Report

SZSIApr 29 00:00 · Announcements

Stock Trading Leaderboard | Over 500 million yuan in capital dumped from Zhongwen Online, with Shenzhen-Hong Kong Stock Connect buying! Two major speculative funds jointly purchased International Composite Materials.

The top three net buy amounts on the Dragon and Tiger List for the day were International Fuhua Materials, GEM, and Jujie Microfiber.

Gelonghui FinanceFeb 11 17:52

ST Xuefa: 2025 Annual Performance Forecast

SZSIJan 31 00:00 · Announcements