SINO-HIGH(SZ:301076) Zhong Guo Jing Ji Wang·2025-06-18 03:20Core Viewpoint - Xinhan New Materials (301076.SZ) announced a share transfer plan involving the transfer of 4,035,720 shares by major shareholder Yan Liuxin, representing 3.00% of the company's total share capital [1][2] Group 1: Share Transfer Details - The share transfer will not occur through centralized bidding or block trading, and the transferee must be an institutional investor with appropriate pricing and risk-bearing capabilities [2][3] - Yan Liuxin, the controlling shareholder and actual controller, currently holds 34,374,600 shares, equating to a 25.55% ownership stake [2] Group 2: Financial Performance - Xinhan New Materials reported revenues of 398 million yuan, 435 million yuan, and 419 million yuan for 2022, 2023, and 2024 respectively, showing a decline of 3.66% from 2023 to 2024 [3][4] - The net profit attributable to shareholders decreased from 106.95 million yuan in 2022 to 55.97 million yuan in 2024, marking a 40.04% decline [4] - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares and to increase capital by issuing 3 additional shares for every 10 shares held [4] Group 3: Recent Quarterly Performance - In Q1 2025, Xinhan New Materials achieved a revenue of 116 million yuan, reflecting a year-on-year growth of 12.43% [5][6] - The net profit attributable to shareholders for Q1 2025 was 16.19 million yuan, a 47.85% increase compared to the same period last year [5][6] - The net cash flow from operating activities improved significantly, reaching 2.68 million yuan, compared to a negative cash flow of 1.87 million yuan in the previous year [5][6] Group 4: Fundraising and Use of Proceeds - The company raised a total of 620 million yuan from its public offering, with a net amount of 555 million yuan after deducting issuance costs, exceeding the original plan by 151 million yuan [7] - The funds are intended for the annual production of 8,000 tons of aromatic ketones, the establishment of a research and development center, and to supplement working capital [7]