Songyang Renewable Resources reports significant revenue decline, net loss in Q3

Guangdong Songyang Recycle Resources Co., Ltd. announced a 46.42% year-on-year decrease in its Q3 2025 operating revenue, totaling 91,364,059.09 yuan. For the first nine months of 2025, revenue was 313,988,524.90 yuan, down 40.20% compared to the same period last year. This decline is primarily attributed to the shutdown of a coated whiteboard paper production line and insufficient operation of a high-strength corrugated paper machine.

The company reported a net loss attributable to shareholders of -41,043,386.48 yuan for Q3 2025, and a cumulative net loss of -86,738,647.56 yuan for the first nine months. Basic earnings per share were -0.42 yuan for the nine-month period. Total assets stood at 1,142,690,683.28 yuan as of September 30, 2025, a 12.26% decrease from year-end 2024.

Cash flow from operating activities for the first nine months of 2025 was a net outflow of -28,248,025.94 yuan. Total liabilities were 775,806,028.74 yuan, while owners' equity attributable to parent company shareholders decreased by 21.77% to 364,123,662.99 yuan.