Tony Tech: Plans to provision for asset impairment exceeding 23 million yuan in the third quarter of 2025

Tony Tech announced that it will hold the second extraordinary general meeting of shareholders at 14:00 on November 3, 2025, to review the proposal for asset impairment provision. According to accounting standards, an inventory write-down loss of 115 million yuan has been recognized in the first three quarters of 2025, with 23.9879 million yuan recognized in the third quarter, which is expected to reduce the profit for the quarter by 23.9879 million yuan. The proposal has been approved by the board of directors and the supervisory board

Tony Tech released its performance for the first three quarters, with a net loss attributable to the parent company of 14.6051 million yuan

According to the Zhitong Finance APP, Tony Tech released its third-quarter report for 2025. The company's operating revenue for the first three quarters was 1.457 billion yuan, a year-on-year increase of 1.50%. The net loss attributable to shareholders of the listed company was 14.6051 million yuan. The net loss attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 27.6706 million yuan. The basic loss per share was 0.06 yuan

The silicon carbide concept surged at the beginning of the session, and TFNY hit the limit up

In the morning session, the silicon carbide concept strengthened, with TFNY hitting the daily limit, Tiantong Co., Ltd. reaching the daily limit, and Tony Tech, CGEE, SICC, and JSG also rising

The consumer electronics sector saw an expanded decline in the afternoon, with Gian falling over 10%

The consumer electronics sector saw an expanded decline in the afternoon, with Gian falling over 10%, Lens dropping over 9%, and CARVE, Lianovation, and Tony Tech also following suit

Consumer electronics stocks fell broadly, with Gian and Lens Technology down over 7%, Holitech and Cosonic down over 4%, Tony Tech, FPT, GoerTek, and Ningbo Sunrise down over 3%