Sifang New Material: Net Profit in the First Three Quarters Decreased by 1164.25% over the Same Period Last Year

On the evening of October

28, Sifang New Material released its third quarter report of 2025.

The report shows that the company achieved revenue of 778 million yuan in the first three quarters, down 24.18% from the same period last year; net profit loss of 49.2879 million yuan, down 1164.25% from the same period last year. The changes in the

Company's performance were mainly due to the following reasons: firstly, due to the decline in the construction industry, the demand for commercial concrete products in Chongqing continued to shrink, and the Company's sales volume decreased as compared with the same period last year; secondly, due to the lack of market demand, the competition in the commercial concrete industry intensified, resulting in the sales price continued to decline as compared with last year, which had a greater impact on the Company's profits.