科思科技连亏三年半 2020年上市即巅峰超募6亿元

Core Viewpoint - Kesi Technology (688788.SH) reported a significant increase in revenue for the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite revenue growth [1][2]. Financial Performance - The company achieved operating revenue of 154.46 million yuan, representing a year-on-year increase of 40.54% [1][2]. - The net profit attributable to shareholders was -108.72 million yuan, an improvement from -139.79 million yuan in the same period last year, reflecting a decrease in losses by 22.23% [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -113.17 million yuan, also showing a reduction in losses compared to -140.04 million yuan last year, a 19.19% improvement [1][2]. - The net cash flow from operating activities was -148.46 million yuan, worsening from -26.15 million yuan in the previous year, indicating a significant decline of 467.72% [1][2]. Historical Financial Data - From 2022 to 2024, the company's projected operating revenues are 233 million yuan, 236 million yuan, and 235 million yuan respectively, while net profits attributable to shareholders are forecasted to be -197 million yuan, -203 million yuan, and -268 million yuan [2]. - The net profit after deducting non-recurring gains and losses is expected to be -205 million yuan, -227 million yuan, and -292 million yuan for the same period [2]. - The net cash flow from operating activities is projected to be -12.84 million yuan, -129 million yuan, and -70.51 million yuan [2]. IPO and Fundraising - Kesi Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on October 22, 2020, with an initial issuance of 18.88 million shares at a price of 106.04 yuan per share [3]. - The company raised a total of 2 billion yuan, with a net amount of 1.91 billion yuan after deducting issuance costs, exceeding the original fundraising plan by 604 million yuan [3]. - The funds raised are intended for the construction of military electronic information equipment production bases, R&D technology centers, and to supplement working capital [3].