Core Viewpoint - Tianzhen Co., Ltd. has shown significant revenue growth in the first half of 2025, but its stock is currently trading below its initial public offering price, indicating market challenges despite operational improvements [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 796 million yuan, a year-on-year increase of 153.97% [1] - The net profit attributable to shareholders was 49.49 million yuan, up 250.49% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 44.18 million yuan, reflecting a 210.52% increase [1] - The net cash flow from operating activities was 63.96 million yuan [1] - For the year 2024, the company reported operating revenue of 892 million yuan, a year-on-year increase of 186.07% [1] - However, the net profit attributable to shareholders was -37.25 million yuan, an improvement from -267.64 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses was -54.50 million yuan, compared to -306 million yuan in the previous year [1] - The net cash flow from operating activities was -98.18 million yuan, an improvement from -131 million yuan in the previous year [1] IPO and Stock Performance - Tianzhen Co., Ltd. was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on November 14, 2022, with an initial public offering of 30 million shares at a price of 63.00 yuan per share [2] - The stock reached its highest price of 63.00 yuan on its first trading day but is currently in a state of decline [2] - The total funds raised from the IPO amounted to 1.89 billion yuan, with a net amount of approximately 1.78 billion yuan after deducting issuance costs [2] - The company planned to use the raised funds for the construction of new production lines and to supplement working capital [2] Dividend Distribution - For the fiscal year 2022, the company announced a cash dividend of 12.50 yuan per 10 shares, totaling 150 million yuan, along with a capital reserve conversion of 8 shares for every 10 shares held, increasing the total share capital [3] - The record date for the dividend distribution was June 12, 2023, with the ex-dividend date on June 13, 2023 [3]
连亏股天振股份跌5.48% 2022上市募19亿国投证券保荐