Back 12 May 2025

SINOSTAR PEC Holdings Limited Faces 1Q25 Headwinds: Revenue and Profitability Drop as Sales Volumes Contract

Link: https://links.sgx.com/1.0.0/corporate-announcements/MAFVY2II9E57MCCU/7bc3669d2987ec5e1b75efec6aff2eb2b3e7be3443ab1b9db7a5de54171de05f

Summary:

  • SINOSTAR PEC Holdings Limited reported a decrease in revenue by 10.69% to RMB 1,306,541 for the first quarter ended 31 March 2025.
  • Gross profit saw a significant decline of 48.08% to RMB 71,634, leading to a net profit decrease of 48.9% to RMB 45,146.
  • Basic and diluted earnings per share for the quarter decreased to 4.70 RMB cents.
  • The decline in revenue and profitability was linked to decreased sales volumes for key products, including Processed LPG and Propylene.
  • Despite the challenging profitability, the company's cash and bank balances, total assets, and equity attributable to equity holders of the parent increased compared to the end of 2024.