Core Viewpoint - Yibin Technology (001278.SZ) expects a significant net profit loss for the first half of 2025, projecting a loss between 25 million to 30 million yuan, compared to a profit of 35.99 million yuan in the same period last year [1] Financial Performance Summary - The net profit attributable to shareholders is projected to be a loss of 25 million to 30 million yuan, down from a profit of 35.99 million yuan in the previous year [2] - The net profit after deducting non-recurring gains and losses is expected to be a loss of 28 million to 33 million yuan, compared to a profit of 29.17 million yuan last year [2] - Basic earnings per share are projected to be a loss of 0.20 to 0.24 yuan per share, down from a profit of 0.29 yuan per share last year [2] Historical Financial Data - In 2022, the net profit attributable to shareholders decreased by 70.22%, and the net cash flow from operating activities turned negative [2] - Revenue for the years 2022 to 2024 is projected to be 1.862 billion yuan, 2.072 billion yuan, and 2.184 billion yuan respectively, while net profits are expected to be 111 million yuan, 102 million yuan, and 30.51 million yuan respectively [2] - The net profit after deducting non-recurring gains and losses for the same years is projected to be 102 million yuan, 85.66 million yuan, and 22.77 million yuan respectively [2] IPO and Fundraising - Yibin Technology was listed on the Shenzhen Stock Exchange on March 8, 2023, with a public offering of 30.93 million shares, accounting for 25% of the total shares post-issue, at a price of 17.00 yuan per share [3] - The total amount raised from the IPO was 525.87 million yuan, with a net amount of 465.71 million yuan after deducting issuance costs, which will be used for the construction of an auto parts production base, R&D center, and working capital [4] - The total issuance costs amounted to 60.16 million yuan, including underwriting and sponsorship fees of 37.74 million yuan [4]