Sichuan Swellfun Co Ltd Class A

600779: XSHG (CHN)
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Swellfun Earnings: Demand Headwinds Persist, but Inventory Level Improves

Swellfun's earnings deteriorated sharply in 2025, with revenue and net profit tumbling 42% and 70% year on year, respectively. The weakness extended into the first quarter of 2026, as revenue and net profit fell a further 15% and 10%.

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