维科技术扣非净利连亏13年 新能源转型一再受挫3亿定增夭折

Core Viewpoint - Viko Technology has reported a decline in revenue and continued losses, indicating ongoing challenges in its business transformation efforts and raising concerns about its future prospects in the new energy sector [3][4][12]. Financial Performance - In 2024, Viko Technology's total revenue was 1.528 billion, a year-on-year decrease of 8.64%, marking the second consecutive year of decline [3]. - The company reported a net profit attributable to shareholders of -29 million, with losses narrowing but continuing for the fourth consecutive year [3]. - The non-recurring net profit was -89 million, resulting in a total of 13 years of consecutive losses since 2012 [3][6]. Business Transformation Efforts - Originally focused on textiles, Viko Technology began its transformation in 2012 due to declining revenues and losses in its core business [4][5]. - In 2017, the company raised approximately 1.42 billion through a private placement to acquire lithium battery assets from its controlling shareholder, aiming to enter the new energy sector [6][8]. - Despite divesting textile and real estate assets, the company has not been able to reverse its ongoing losses [8]. Sodium Battery Ventures - Viko Technology entered the sodium battery market in 2019, collaborating with Shanghai Jiao Tong University to develop sodium-ion battery materials [9]. - In 2021, the company raised 700 million for a project initially aimed at producing polymer lithium batteries, which was later shifted to focus on sodium-ion batteries [9][10]. - The company faced delays in project implementation, with the timeline for the sodium-ion battery project pushed from December 2024 to December 2025 due to rapid technological advancements in the industry [10][12]. Financing Challenges - In May 2023, Viko Technology announced a plan to raise 300 million for the sodium-ion battery project, but this financing attempt ultimately failed [12]. - The company cited various factors, including market conditions and capital operation plans, for withdrawing its fundraising application in December 2023 [12].