Sanwei Holdings posts Q3 loss as profit plunges on lower revenue

Zhejiang Sanwei Rubber Item’s third quarter of 2025 saw varying product performance. Rubber V-belts and conveyor belts experienced sales increases, while sales of polyester chips, polyester industrial yarn, BDO, and calcium carbide decreased. The average selling price of V-belts increased by 1.78% to CNY 2.29, while conveyor belts rose by 12.98% to CNY 30.81. Conversely, polyester chips, BDO, and calcium carbide saw price decreases.

Overall, Sanwei Holdings’ total operating revenue for the first nine months of 2025 was CNY 3.39 billion, an 8.50% decrease compared to the same period last year. Net profit attributable to shareholders declined significantly by 311.53% to CNY -114.08 million, primarily due to reduced revenue and gross profit margins from its Inner Mongolia Sanwei New Materials subsidiary, as well as increased depreciation of fixed assets. Cash flow from operating activities also decreased by 98.01%, attributed to higher expenditures for bill deposits and letter of credit guarantees.

As of September 30, 2025, the company's total assets were CNY 10.63 billion, a slight decrease from the end of 2024. Shareholder equity was CNY 2.91 billion.