Chipsea(SH:688595) Zhong Guo Jing Ji Wang·2025-08-20 06:16Core Insights - Chipsea Technology (688595.SH) reported a revenue of 374 million yuan for the first half of 2024, marking a year-on-year increase of 6.80% [1][2] - The net profit attributable to shareholders was -38.83 million yuan, an improvement from -56.82 million yuan in the same period last year [1][2] - The company experienced a negative cash flow from operating activities of -24.19 million yuan, compared to -80.46 million yuan in the previous year [2] Financial Performance - Revenue for the first half of 2024: 374 million yuan, up 6.80% from 350 million yuan in the previous year [2] - Total profit for the period: -46.75 million yuan, an improvement from -62.99 million yuan year-on-year [2] - Net profit attributable to shareholders: -38.83 million yuan, improved from -56.82 million yuan [2] - Net profit excluding non-recurring gains and losses: -39.63 million yuan, improved from -60.84 million yuan [2] - Cash flow from operating activities: -24.19 million yuan, improved from -80.46 million yuan [2] Historical Performance - In 2022 and 2023, the net profit attributable to shareholders was 0.03 million yuan and -14.3 million yuan, respectively [3] - The net profit excluding non-recurring gains and losses for the same years was -4 million yuan and -15.7 million yuan [3] Capital Raising and Stock Issuance - Chipsea Technology raised a total of 571 million yuan through its initial public offering, with a net amount of 494 million yuan after expenses [3] - The company issued convertible bonds in 2022, raising 410 million yuan [4] - The total fundraising from both IPO and bond issuance amounted to 981 million yuan [4] Future Plans - The company is planning to issue H-shares and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries [5]