*ST Songfa Annual Report Summary: Net profit attributable to parent in 2025 increases by 1083.05% year-on-year

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Radar Finance | Feng Xiuyu (Writer) | Li Yihui (Editor)

On March 9th, *ST Songfa (603268) released its 2025 annual report. During the reporting period, the company achieved operating revenue of 21.639 billion yuan, a year-on-year increase of 274.95%. Net profit attributable to shareholders of the listed company was 2.655 billion yuan, up 1083.05% year-on-year. After deducting non-recurring gains and losses, net profit attributable to shareholders was 2.033 billion yuan, with basic earnings per share of 2.96 yuan, a year-on-year increase of 1038.46%.

According to Tianyancha data, *ST Songfa was established on July 11, 2002, with a registered capital of 970.7783 million yuan. The legal representative is Chen Jianhua. The registered address is Room 2008, Wealth Center, Fengxi Town, Chaozhou City, Guangdong Province. Its main business involves the research and development, production, and sales of ships and high-end equipment.

Currently, the company’s chairman is Chen Jianhua, the secretary is Xu Huimin, with 6,830 employees. The actual controllers are Chen Jianhua and Fan Hongwei.

The company has stakes in 9 subsidiaries, including Jingdezhen Songfa Catering Management Co., Ltd., Guangzhou Songfa Home Products Co., Ltd., Shenzhen Jiahui Ceramics Co., Ltd., Chaozhou Lianjun Ceramics Co., Ltd., and Chaozhou Yasen Ceramics Industry Co., Ltd.

In terms of performance, the company’s operating revenues for 2023, 2024, and 2025 are projected to be 206 million yuan, 5.771 billion yuan, and 21.639 billion yuan, respectively, with year-on-year growth rates of -23.90%, 33.34%, and 274.95%. Net profits attributable to the parent company are expected to be -117 million yuan, 224 million yuan, and 2.655 billion yuan, with year-on-year growth rates of 31.40%, 34.49%, and 1083.05%. During the same period, the company’s asset-liability ratio is projected to be 86.70%, 99.74%, and 80.86%.

Regarding risks, Tianyancha information shows the company has 73 internal Tianyan risks, 996 surrounding risks, 35 historical risks, and 126 early warning risks.

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