金时科技连亏3年半 2019年上市中信证券保荐

Core Viewpoint - Jinshi Technology (002951.SZ) reported significant growth in revenue for the first half of 2025, with a year-on-year increase of 548.91%, although it still recorded a net loss [1][2]. Financial Performance - The company achieved operating revenue of 243 million yuan in the first half of 2025, compared to 37.38 million yuan in the same period last year, marking a 548.91% increase [2]. - The net profit attributable to shareholders was -21.37 million yuan, an improvement of 48.44% from -41.46 million yuan in the previous year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -20.96 million yuan, slightly better than -22.21 million yuan year-on-year, reflecting a 5.60% improvement [2]. - The net cash flow from operating activities was -23.21 million yuan, worsening from -4.63 million yuan in the same period last year, indicating a decline of 401.01% [2]. Historical Financial Data - From 2022 to 2024, the company's operating revenues were 185 million yuan, 33.91 million yuan, and 376 million yuan respectively, while net profits attributable to shareholders were -36.59 million yuan, -44.57 million yuan, and -4.40 million yuan [3]. - The net cash flow from operating activities for the same period showed fluctuations, with figures of 28.31 million yuan, -2.47 million yuan, and -22.1 million yuan [3]. Fundraising and Use of Proceeds - Jinshi Technology raised a total of 447.3 million yuan in its initial public offering, with a net amount of 390.31 million yuan after expenses [4]. - The funds raised are intended for expanding and upgrading packaging printing production lines, improving packaging material production lines, establishing a technology research and development center, and enhancing information technology [4].