SICC: ANNOUNCEMENT ON THE ESTIMATED 2025 ANNUAL RESULTS

Sky Advanced has released its 2025 annual earnings forecast, projecting total revenue for the year to range between RMB 1.45 billion and RMB 1.5 billion, representing a year-on-year decrease of 15.17% to 17.99%. The company expects net profit attributable to parent company shareholders to shift from a profit to a loss, with losses estimated between RMB 185 million and RMB 225 million, marking a year-on-year decline of 203.34% to 225.68%. Net profit excluding non-recurring gains and losses is projected to record a loss ranging from RMB 235 million to RMB 275 million, reflecting a year-on-year drop of 250.55% to 276.18%.The decline in performance was driven by multiple factors: although sales volume of substrate products increased, falling market prices led to an overall decrease in revenue...Show More

Sky Advanced has released its 2025 annual earnings forecast, projecting total revenue for the year to range between RMB 1.45 billion and RMB 1.5 billion, representing a year-on-year decrease of 15.17% to 17.99%. The company expects net profit attributable to parent company shareholders to shift from a profit to a loss, with losses estimated between RMB 185 million and RMB 225 million, marking a year-on-year decline of 203.34% to 225.68%. Net profit excluding non-recurring gains and losses is projected to record a loss ranging from RMB 235 million to RMB 275 million, reflecting a year-on-year drop of 250.55% to 276.18%.The decline in performance was driven by multiple factors: although sales volume of substrate products increased, falling market prices led to an overall decrease in revenue compared to the same period last year. To expand into the large-sized product market and maintain technological leadership, sales expenses and research and development costs grew year-on-year. Additionally, tax-related matters resulted in higher income tax expenses and late payment penalties, while fluctuations in the RMB exchange rate caused greater foreign currency exchange losses. Furthermore, increased asset impairment provisions at the end of the period, along with expenses related to overseas listing activities, collectively contributed to a significant decline in net profit.