昀冢科技上半年增亏 2021年IPO募2.9亿已连亏三年

Core Viewpoint - Yunzhu Technology (688260.SH) reported a significant decline in revenue and increased net losses for the first half of 2025 compared to the same period last year [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 246.16 million yuan, a decrease of 17.66% year-on-year [1][2]. - The net profit attributable to shareholders was -99.94 million yuan, compared to -27.55 million yuan in the same period last year [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -104.18 million yuan, compared to -85.11 million yuan in the previous year [1][2]. - The net cash flow from operating activities was -24.23 million yuan, an improvement from -53.50 million yuan in the same period last year [1][2]. Historical Context - Yunzhu Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 6, 2021, with an initial public offering of 30 million shares at a price of 9.63 yuan per share [2][3]. - The total amount raised from the initial public offering was 289 million yuan, with a net amount of 248 million yuan after expenses [3]. - The company had initially planned to raise 985 million yuan for various projects, but this amount was reduced by 737 million yuan [3]. Future Projections - Projected revenues for 2022, 2023, and 2024 are 463 million yuan, 525 million yuan, and 561 million yuan, respectively [3]. - Expected net profits attributable to shareholders for the same years are -68 million yuan, -126 million yuan, and -124 million yuan, indicating continued losses [3]. - The projected net cash flow from operating activities is expected to improve to -44 million yuan in 2022, -46 million yuan in 2023, and turn positive at 90 million yuan in 2024 [3].