锦盛新材连亏三年半 2020上市募3.5亿国投证券保荐

Core Viewpoint - Jinsheng New Materials (300849.SZ) reported a decline in revenue and net profit for the first half of 2025, indicating financial challenges faced by the company [1][2]. Financial Performance Summary - The company achieved operating revenue of 151 million yuan in the first half of 2025, a decrease of 9.33% compared to the same period last year [1][2]. - The net profit attributable to shareholders was -8.80 million yuan, a significant drop from a profit of 0.56 million yuan in the previous year [1][2]. - The net profit after deducting non-recurring gains and losses was -10.95 million yuan, compared to -7.48 million yuan in the same period last year [1][2]. - The net cash flow from operating activities was -5.50 million yuan, down from 2.79 million yuan in the previous year [1][2]. Earnings Per Share and Return on Equity - Basic and diluted earnings per share were both -0.0586 yuan, compared to 0.0037 yuan in the previous year [2]. - The weighted average return on equity was -1.48%, a decline from 0.09% in the previous year [2]. Asset and Equity Position - Total assets at the end of the reporting period were 713 million yuan, down from 732 million yuan at the end of the previous year [2]. - The net assets attributable to shareholders were 590 million yuan, slightly decreased from 599 million yuan at the end of the previous year [2]. Future Projections - Revenue projections for 2022 to 2024 are 243 million yuan, 260 million yuan, and 333 million yuan respectively, indicating a gradual increase [2]. - Projected net profits for the same years are -22.51 million yuan, -23.87 million yuan, and -22.65 million yuan, suggesting ongoing financial difficulties [2].