Fujian Kuncai Material reports mixed Q3, significant asset impairments

Fujian Kuncai Material Technology (SSE:603826) announced its third-quarter 2025 results, reporting an 8.33% increase in revenue to 283,513,030.71 yuan for the quarter. Year-to-date revenue saw a 7.85% increase to 855,920,133.50 yuan. However, net profit attributable to shareholders for the quarter decreased by 28.21% to 11,661,869.20 yuan, though the year-to-date figure increased by 1.13% to 61,073,709.55 yuan.

The company also announced asset impairment provisions and write-offs totaling 31,619,200 yuan. This includes provisions for accounts receivable (4,969,300 yuan) and inventory (26,649,900 yuan), alongside a net loss of 457,900 yuan from the disposal of non-current assets. These adjustments reduced the year-to-date profit by 31,619,200 yuan and 457,900 yuan respectively.

A performance briefing for investors will be held on October 30, 2025, from 15:00 to 16:00 (Beijing Time) via online interaction on the Shanghai Stock Exchange Roadshow Center platform. The board of directors approved these financial reports and adjustments on October 24, 2025.