JJE(SH:688280) Zhong Guo Jing Ji Wang·2025-08-28 08:52Core Viewpoint - Jingjin Electric (688280.SH) is currently facing significant challenges, including a stock price decline and continuous net profit losses since its IPO in 2021 [1][2]. Group 1: Stock Performance - Jingjin Electric's stock closed at 9.37 yuan, reflecting a decline of 8.14%, with a total market capitalization of 5.53 billion yuan [1]. - The stock is currently in a state of "broken issue," having been listed at an initial price of 13.78 yuan per share [1]. Group 2: Financial Performance - The company has reported net losses for four consecutive years since its listing, with net profits attributed to shareholders of -400.1 million yuan in 2021, -388.4 million yuan in 2022, -576.9 million yuan in 2023, and -436.4 million yuan in 2024 [2]. - The net profit excluding non-recurring gains and losses for the same years were -442.8 million yuan, -452.0 million yuan, -610.8 million yuan, and -489.4 million yuan respectively [2]. Group 3: Fundraising and Projects - Jingjin Electric raised a total of 2.033 billion yuan through its IPO, with a net amount of 1.855 billion yuan after deducting issuance costs [1]. - The company plans to use the funds for high-end electric drive system R&D, industrial upgrades, and working capital [1]. - A new fundraising plan was announced on July 12, 2023, aiming to raise up to 115.9 million yuan for the industrialization of compact three-in-one electric drive systems [2]. Group 4: Shareholder Actions - The actual controller of Jingjin Electric, Yu Ping, announced a plan to reduce his shareholding by up to 207,105 shares, representing 0.0351% of the total share capital [3]. - The reduction will occur through centralized bidding or block trading, with specific limits on the number of shares that can be sold within designated time frames [3].