Zhong Guo Jing Ji Wang·2025-06-12 06:54Core Viewpoint - Jiu Ri New Materials (688199.SH) reported a revenue of 1.488 billion yuan for 2024, marking a year-on-year increase of 20.52%, while the net profit attributable to shareholders was a loss of 53.76 million yuan, an improvement from the previous year's loss of 96.14 million yuan [1][2] Financial Performance Summary - Revenue: The company achieved an operating revenue of 1.488 billion yuan in 2024, up 20.52% from 1.234 billion yuan in 2023 [1][2] - Net Profit: The net profit attributable to shareholders was -53.76 million yuan, compared to -96.14 million yuan in the previous year, indicating a reduction in losses [1][2] - Net Profit Excluding Non-Recurring Items: The net profit excluding non-recurring items was -62.78 million yuan, an improvement from -113.03 million yuan year-on-year [1][2] - Cash Flow: The net cash flow from operating activities was 74.14 million yuan, reflecting a year-on-year increase of 3.84% [1][2] 2025 Q1 Performance Summary - Revenue: In the first quarter of 2025, the company reported an operating revenue of 356.04 million yuan, a slight decrease of 0.15% compared to 356.58 million yuan in the same period last year [3][4] - Net Profit: The net profit attributable to shareholders was -10.52 million yuan, worsening from -4.39 million yuan in the previous year [3][4] - Net Profit Excluding Non-Recurring Items: The net profit excluding non-recurring items was -11.00 million yuan, compared to -8.93 million yuan year-on-year [3][4] - Cash Flow: The net cash flow from operating activities was -48.20 million yuan, compared to -38.89 million yuan in the same period last year [3][4] Company Background - Jiu Ri New Materials was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 5, 2019, with an issuance of 27.81 million shares at a price of 66.68 yuan per share [4] - The total amount raised from the issuance was 1.854 billion yuan, with a net amount of 1.709 billion yuan, exceeding the original plan by 113.87 million yuan [5] - The company plans to use the raised funds for the construction of a production project for 87,000 tons of light-curing materials and for working capital [5]