威力传动拟定增募资6亿元背后：前次募投项目收益为负远不及预期 上市首年扣非净利大降86%第二年转亏

Core Viewpoint - 威力传动 is planning to raise up to 600 million yuan through a private placement, despite having recently listed and faced significant underperformance in its previous fundraising projects [1][5][9] Group 1: Financial Performance - In 2023, 威力传动 reported a revenue of 553 million yuan, a year-on-year decrease of 10.65%, and a net profit of 41 million yuan, down 39.64% [6] - The company's non-recurring net profit plummeted by 86.12% in 2023, indicating a severe decline in profitability [6][7] - For 2024, the company is projected to incur a loss exceeding 100 million yuan, with revenue dropping to 345 million yuan, a 37.6% decline [7][8] Group 2: Fundraising and Investment Projects - 威力传动's previous IPO raised 640 million yuan, with 480 million yuan actually invested in projects, leaving a surplus of 75 million yuan used for working capital [2][5] - The cumulative benefit from the IPO projects was reported at -50.67 million yuan, significantly below the promised benefit of 225.88 million yuan [2][4] - The new fundraising aims to establish a wind power gearbox production base and enhance investment in the wind power gear sector, with a total investment of 2 billion yuan planned for the first phase [5][8] Group 3: Industry Context - The wind power industry is experiencing growth, with new installations in 2023 increasing by 59.3% and projected growth of 9.6% in 2024 [8][9] - Despite the industry's overall positive performance, 威力传动's revenue has been declining, highlighting its competitive struggles within the sector [8][9] Group 4: Financial Integrity Concerns - There are ongoing concerns regarding the financial authenticity of 威力传动, particularly regarding its significant increase in revenue and profit prior to its IPO [9][11] - The company has faced scrutiny from regulatory bodies regarding its financial reporting and internal controls, raising questions about its financial practices [11][13]