SICC's stock price plummeted 5.74% early in the trading session, reflecting significant investor concern following the release of disappointing financial performance data.

The sharp decline comes after the company reported weak 2025 annual results, with revenue decreasing approximately 17.2% year-over-year to RMB 14.65 billion and a net loss of RMB 2.09 billion, compared to a net profit of RMB 1.79 billion in the previous year. The company's gross margin also contracted significantly from 24.6% to 9.7%.

Further pressure emerged from SICC's first-quarter 2026 results, which showed revenue of RMB 366 million, down 10.41% year-over-year, and a net loss attributable to shareholders of RMB 60.51 million, contrasting with a net profit of RMB 8.52 million in the same period last year. These consecutive periods of declining revenue and losses have raised concerns about the company's near-term financial trajectory.