SICC: 2025 THIRD QUARTERLY REPORT

Sky Advanced Technology announced its Q3 2025 earnings report, with revenue for the first three quarters amounting to RMB 1.112 billion, representing a year-on-year decrease of 13.21%. Net profit attributable to shareholders of the listed company was RMB 1.1199 million, marking a year-on-year decline of 99.22%. The company's single-quarter revenue for Q3 stood at RMB 318 million, with a net loss of RMB 9.7603 million. Basic earnings per share during the period were zero.Due to a reduction in product selling prices, gross profit margins contracted. Additionally, customer testing and sampling of new products resulted in increased sales expenses, while research and development (R&D) expenditures on large-size and new application products rose by 29.75% year-on-year to RMB 123 million, accounting for...Show More

Sky Advanced Technology announced its Q3 2025 earnings report, with revenue for the first three quarters amounting to RMB 1.112 billion, representing a year-on-year decrease of 13.21%. Net profit attributable to shareholders of the listed company was RMB 1.1199 million, marking a year-on-year decline of 99.22%. The company's single-quarter revenue for Q3 stood at RMB 318 million, with a net loss of RMB 9.7603 million. Basic earnings per share during the period were zero.Due to a reduction in product selling prices, gross profit margins contracted. Additionally, customer testing and sampling of new products resulted in increased sales expenses, while research and development (R&D) expenditures on large-size and new application products rose by 29.75% year-on-year to RMB 123 million, accounting for 11.09% of total revenue. Foreign exchange rate fluctuations also impacted financial expenses.The company strategically lowered product selling prices to expand market adoption and share of silicon carbide products amid competitive market conditions. As of the end of the reporting period, the company’s total assets reached RMB 9.721 billion, an increase of 32.13% compared to the end of the previous fiscal year. Shareholders' equity attributable to shareholders of the listed company amounted to RMB 7.398 billion, up 39.25% from the end of the last fiscal year, primarily benefiting from the issuance of H shares.