ASIA STRAT TECH (01027) announced its annual results for the year ended December 31, 2025. Revenue decreased by approximately 21.5% to about 277 million yuan. Gross profit fell by around 35.5% to approximately 20 million yuan. The company recorded an annual loss of about 10 million yuan, a shift from profit to loss compared to the previous year. The basic loss per share was approximately 2.45 cents.
According to the announcement, the decrease in revenue was primarily due to reduced demand for umbrella components. The transition from profit to loss was mainly attributed to a significant decline in demand for umbrella components, resulting in a revenue decrease of approximately 76 million yuan for the year ended December 31, 2025, due to unfavorable market conditions. Additionally, the company recognized an impairment loss of about 10 million yuan on property, plant, and equipment during the same period.