破发股希荻微连亏3年半 2022年上市即巅峰超募6.4亿

Core Insights - The company, Xidiwei (688173.SH), reported a significant increase in revenue for the first half of 2025, achieving 466.4 million yuan, a year-on-year growth of 102.73% [1][2] - Despite the revenue growth, the company recorded a net loss attributable to shareholders of 44.7 million yuan, an improvement from a loss of 117.5 million yuan in the same period last year [1][2] - The net cash flow from operating activities was negative at 66.6 million yuan, but this was an improvement compared to the negative cash flow of 86.9 million yuan in the previous year [1][2] Financial Performance - Revenue for the first half of 2025 was 466.4 million yuan, compared to 230.1 million yuan in the same period last year, marking a 102.73% increase [1][2] - Total profit for the period was -59.6 million yuan, improving from -116.8 million yuan year-on-year [2] - The net profit attributable to shareholders was -44.7 million yuan, compared to -117.5 million yuan in the previous year [2] - The net profit after deducting non-recurring gains and losses was -46.5 million yuan, an improvement from -125.6 million yuan year-on-year [2] - The net cash flow from operating activities was -66.6 million yuan, compared to -86.9 million yuan in the previous year [2] Historical Performance - In the years 2022 to 2024, the company's revenue was 559 million yuan, 394 million yuan, and 546 million yuan respectively [2] - The net profit attributable to shareholders for the same years was -15.2 million yuan, -54.2 million yuan, and -291 million yuan respectively [2] - The net cash flow from operating activities for these years was -50.9 million yuan, -245 million yuan, and -218 million yuan respectively [2] IPO and Fundraising - Xidiwei was listed on the Sci-Tech Innovation Board on January 21, 2022, with an initial public offering of 40.01 million shares at a price of 33.57 yuan per share [3][4] - The total funds raised amounted to 1.343 billion yuan, with a net amount of 1.221 billion yuan after deducting issuance costs [4] - The company planned to use the raised funds for R&D and industrialization of high-performance power management chips for consumer electronics and automotive applications, among other projects [4]