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联合动力上市募36亿首日涨148% 近3年现金流2年为负

Core Viewpoint - Suzhou Huichuan United Power System Co., Ltd. (stock code: 301656) was listed on the Shenzhen Stock Exchange's ChiNext board, opening at 34.20 yuan and closing at 30.90 yuan, with a rise of 147.60% and a total market capitalization of 743.08 billion yuan [1] Company Overview - The company aims to become a global leader in intelligent electric vehicle components and solutions, focusing on core components such as electric drive systems and power systems [1] - The controlling shareholder is Shenzhen Huichuan Technology Co., Ltd., which holds 94.51% of the total shares [1] Financial Performance - In 2022, 2023, and 2024, the company reported revenues of 502.70 million yuan, 936.54 million yuan, and 1.62 billion yuan, respectively, with net profits of -18.01 million yuan, 18.59 million yuan, and 93.59 million yuan [6][7] - The company achieved a net cash flow from operating activities of -13.68 million yuan in 2022, -9.70 million yuan in 2023, and 265.26 million yuan in 2024 [8] Stock Issuance and Fundraising - The company issued 28.86 million shares, accounting for 12.00% of the total shares post-issuance, at a price of 12.48 yuan per share, raising a total of 360.14 million yuan [4] - The net proceeds from the fundraising were 353.21 million yuan, which is 132.50 million yuan less than originally planned [4] Future Projections - For the first half of 2025, the company expects to achieve revenues of 914.81 million yuan, a year-on-year increase of 51.08%, and a net profit of 54.90 million yuan, up 92.91% [9] - The projected revenue for the first nine months of 2025 is between 1.40 billion yuan and 1.55 billion yuan, with a year-on-year growth of 30.62% to 44.61% [9]