SGMA Latest Report

Financial Performance

SGMA recorded a total operating revenue of RMB710.6786 million in 2025, a year-on-year decrease of approximately 26.00% from RMB959.1988 million in 2024. This change reflects the company's poor revenue performance, which may affect investors' expectations for its future profitability.

Key Financial Data

1. The total operating revenue decreased from RMB959.1988 million in 2024 to RMB710.6786 million in 2025, a decrease of approximately 26.00%.

2. The net loss in the third quarter of 2025 reached US$3.8836 million, with three consecutive quarters of losses, indicating difficulties in cost control and revenue growth.

3. Supply chain issues, particularly global component shortages, significantly affected the company's production capacity and cost control, leading to revenue decline.

Industry Comparison

1. Overall industry analysis: The total operating revenue of the industry is affected by market demand, economic environment, and industry competition. If other companies in the industry perform well, it may indicate that SGMA has its own problems.

2. Peer evaluation analysis: Compared with other companies in the same industry, the decrease in SGMA's total operating revenue shows its insufficient competitiveness in the market. If other competitors' revenues remain stable or grow, it indicates that the company's performance in the market is poor.

Summary

SGMA's revenue decline is mainly due to weak market demand, intensified competition, internal management issues, and macroeconomic factors. The company faces serious financial challenges, and investors need to cautiously evaluate its future profitability.

Opportunities

1. With the gradual recovery of the supply chain, if the company can improve its production capacity, it is expected to achieve revenue recovery in the future.

2. Through optimizing product pricing strategies and marketing, it may enhance sales.

3. Focusing on new product development and innovation can enhance market competitiveness and customer appeal.

Risks

1. If supply chain issues are not resolved in time, they may continue to affect the company's production capacity and cost control.

2. Uncertainty in the macroeconomic environment may lead to a decrease in consumer purchasing power, further compressing revenue.

3. The company's continued losses will negatively affect its financing capacity, limiting its future growth potential.