ST Refractories: Net loss of 518 million yuan in 2025

ST Stone Announcement, with operating revenue of 1.87B yuan in 2025, a year-on-year increase of 7.08%. Net profit loss of 518 million yuan, compared to a loss of 262 million yuan in the same period last year. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital.

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