Self-inspection and tax repayment exceed 300 million yuan; ST Juewei’s performance is “bleeding,” and the profit side is again under pressure | Quick reading announcements

Questioning AI · How do tax supplements combined with performance losses affect ST Juewei’s future profitability?

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Caixin News, April 3rd (Reporter Wu Weiling) After a performance forecast of losses, ST Juewei (603517.SH) also announced the payment of large amounts of taxes and late fees, adding pressure to its profits.

ST Juewei announced tonight that, in accordance with relevant national tax laws and regulations, the company conducted a self-inspection regarding tax-related matters. After self-examination, the company needs to pay a total of 342 million yuan in taxes and late fees. The company has already paid this amount in full.

ST Juewei also mentioned that this additional payment will not affect the company’s normal operations. The paid taxes and late fees will be recorded as current profits and losses for 2025 and 2026. The specific impact on the company’s net profit attributable to shareholders will be subject to the final audited annual financial statements.

It is worth noting that, influenced by demand, ST Juewei already faces performance pressure in 2025. Previously released earnings forecasts showed that the company expects to achieve revenue of 5.3 to 5.5 billion yuan in 2025, a year-on-year decrease of 12.09% to 15.29%; and expects a net loss attributable to shareholders of 160 million to 220 million yuan, turning from profit to loss year-on-year.

ST Juewei stated that, against the backdrop of overall economic stabilization, the consumer industry still faces structural adjustment pressures. During the reporting period, the company’s operations were under pressure, with a decline in operating income, insufficient release of production capacity, and multiple factors collectively leading to a decrease in profits. Additionally, increased non-operating expenses and investment losses under equity method accounting also significantly impacted performance.

Facing the performance trough, the company is attempting multi-dimensional adjustments. In an institutional research announcement disclosed in January this year, the company mentioned that, in the current changing external environment, its store model, sales channels, and supply chain management systems are being targeted for adjustments. It is also actively exploring new store models, conducting regional pilot tests, and trying to break through. The company is continuously accelerating product innovation and iteration, speeding up the launch of new products.

Regarding capacity, ST Juewei stated that it is assessing the overall production layout and further optimizing and adjusting existing capacity to match the company’s strategic changes.

(Caixin News Reporter Wu Weiling)