破发股曼恩斯特扣非1年半亏损 2023年上市超募15.8亿

Core Viewpoint - Mannester (301325.SZ) reported significant growth in revenue for the first half of 2025, but faced substantial losses in net profit compared to the previous year [1][2]. Financial Performance Summary - For the first half of 2025, the company achieved operating revenue of 560 million yuan, representing a year-on-year increase of 59.93% [1][2]. - The net profit attributable to shareholders was -23.51 million yuan, a decline of 132.66% from 72 million yuan in the same period last year [1][2]. - The net profit after deducting non-recurring gains and losses was -33.97 million yuan, down 165.04% from 52 million yuan year-on-year [1][2]. - The net cash flow from operating activities was -234 million yuan, an improvement of 45.90% compared to -432 million yuan in the previous year [1][2]. Historical Performance Comparison - In 2024, the company reported operating revenue of 1.70 billion yuan, a year-on-year increase of 113.70% [3]. - The net profit attributable to shareholders for 2024 was 30.70 million yuan, a decrease of 91.01% from 341 million yuan in 2023 [3]. - The net profit after deducting non-recurring gains and losses for 2024 was -7.23 million yuan, compared to 312 million yuan in the previous year, marking a decline of 102.31% [3]. - The net cash flow from operating activities in 2024 was -109 million yuan, worsening by 39.08% from -79 million yuan in 2023 [3]. Stock Market Activity - Mannester was listed on the Shenzhen Stock Exchange's ChiNext board on May 12, 2023, with an initial public offering of 30 million shares at a price of 76.80 yuan per share [3]. - The stock is currently trading below its initial offering price, indicating a state of underperformance in the market [3]. Fundraising and Use of Proceeds - The company raised a total of 2.30 billion yuan from its initial public offering, with a net amount of 2.11 billion yuan after expenses [4]. - The funds are intended for projects related to coating technology industrialization, including a headquarters base and a research center, as well as for working capital [4]. Dividend Distribution - For the 2023 fiscal year, the company announced a dividend distribution plan, proposing a cash dividend of 5.00 yuan per 10 shares and a capital reserve conversion of 2 additional shares for every 10 shares held [4].