Novosense(688052) 长江商报·2025-05-21 08:02Core Viewpoint - Recent shareholder reductions in stake highlight financial pressures on Naxin Micro, with significant losses reported in recent years [1][2] Group 1: Shareholder Actions - Naxin Micro announced a share transfer plan involving three companies controlled by its actual controller, intending to sell 4.85 million shares, approximately 3.40% of total equity, due to funding needs [1] - The recent share transfer could yield approximately 864 million yuan based on the closing price of 178 yuan per share on May 20 [1] - Earlier, shareholders completed a reduction plan, selling 3.14 million shares for about 534 million yuan [1] Group 2: Financial Performance - Naxin Micro's revenue in 2022 was 1.67 billion yuan, a 93.76% increase year-on-year, with a net profit of 251 million yuan, up 12% [2] - In 2023, the company reported a revenue decline of 21.52% to 1.31 billion yuan and a net loss of 305 million yuan, a 221.85% decrease [2] - For 2024, revenue is projected to reach 1.96 billion yuan, a 49.53% increase, but net losses are expected to deepen to 403 million yuan, a 31.95% increase in losses [2] Group 3: Operational Challenges - The revenue growth in 2024 is attributed to stable demand in the automotive electronics sector and recovery in consumer electronics [3] - Net profit losses are driven by increased competition, rising operational costs, and significant impairment losses on assets [3] - The gross margin has declined from 50.01% in 2022 to 38.59% in 2023 and further to 32.70% in 2024, indicating ongoing profitability challenges [4]