破发股帝奥微扣非连亏2年半 2022上市即巅峰募26.3亿

Core Viewpoint - DiAo Microelectronics (688381.SH) reported a decline in net profit for the first half of 2025 despite a revenue increase, indicating potential challenges in profitability and cash flow management [1][3]. Financial Performance Summary - For the first half of 2025, the company achieved operating revenue of 306.13 million yuan, a year-on-year increase of 15.11% compared to 265.94 million yuan in the same period last year [1][3]. - The net profit attributable to shareholders was -4.21 million yuan, a significant decrease from 26.77 million yuan in the previous year, reflecting a decline of 115.73% [1][3]. - The net profit excluding non-recurring gains and losses was -23.84 million yuan, compared to -2.41 million yuan in the same period last year [1][3]. - The net cash flow from operating activities was -17.77 million yuan, an improvement from -30.88 million yuan in the previous year [1][3]. Previous Year Comparison - In 2024, the company reported operating revenue of 526.25 million yuan, a year-on-year increase of 37.98% from 381.40 million yuan in 2023 [4]. - The net profit attributable to shareholders for 2024 was -47.07 million yuan, down from 15.39 million yuan in 2023, indicating a decline of 405.76% [4]. - The net profit excluding non-recurring gains and losses for 2024 was -93.68 million yuan, compared to -56.30 million yuan in 2023 [4]. - The net cash flow from operating activities in 2024 was -76.16 million yuan, worsening from -2.35 million yuan in 2023 [4]. IPO and Fundraising - DiAo Microelectronics went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on August 23, 2022, raising a total of 262.79 million yuan, with a net amount of 241.56 million yuan after deducting issuance costs [5]. - The company initially planned to raise 150 million yuan for product upgrades, R&D center construction, and working capital [5]. - The underwriting fees totaled 21.23 million yuan, with the main underwriter being CITIC Securities [5].