Chengdu Siwi Reports 0.84% Decrease in Total Operating Revenue; Cable Business Revenue Drops 27.1%

Reuters
09/12
Chengdu Siwi Reports 0.84% Decrease in Total Operating Revenue; Cable Business Revenue Drops 27.1%

Chengdu Siwi Science And Technology Co. Ltd. released its interim report for 2025, detailing a slight decrease in sales compared to the previous period. The Group's total sales revenue was reported at RMB142.73 million, marking a decrease of approximately 0.84% from the corresponding period last year. The cable business segment experienced a significant decline with sales revenue reaching RMB13.52 million, a decrease of about 27.1% compared to the previous year. Meanwhile, the optical cable component segment reported sales of RMB29.52 million, representing a decrease of approximately 6.41% from the previous period. In contrast, the sales of optical fibers by Chengdu SEI Optical Fiber Co., Ltd., a principal subsidiary, increased by 7.77% to RMB78.88 million. The Group's average gross profit margin slightly decreased to 19.68% from 19.70% in the previous year. No long-term borrowings were reported, and the Group held bank deposits and cash amounting to RMB431.80 million, indicating low short-term debt risk. The Group maintained a current ratio of approximately 7.29 and a quick ratio of about 6.02 as of June 30, 2025. There were no contingent liabilities reported at the end of the period. The report also highlighted the Group's efforts to enhance its enterprise informatization, including upgrading its Enterprise Resource Planning functions and launching a new R&D management information system to improve the company's R&D capacity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chengdu Siwi Science And Technology Co. Ltd. published the original content used to generate this news brief on September 12, 2025, and is solely responsible for the information contained therein.

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