Ronbay Technology(SH:688005) Zhong Guo Jing Ji Wang·2025-10-20 06:43Core Viewpoint - Rongbai Technology (688005.SH) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating financial challenges ahead [1]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 8.986 billion yuan, a year-on-year decrease of 20.64% [1][3]. - The net profit attributable to shareholders was -204 million yuan, down 274.96% year-on-year [1][3]. - The net profit after deducting non-recurring gains and losses was -221 million yuan, a decline of 348.89% compared to the previous year [1][3]. - The net cash flow from operating activities was 1.371 billion yuan [1]. Comparison with Previous Year - In 2024, the company reported operating revenue of 15.088 billion yuan, a decrease of 33.41% compared to 2023 [4]. - The net profit attributable to shareholders in 2024 was 296 million yuan, down 49.06% year-on-year [4]. - The net profit after deducting non-recurring gains and losses for 2024 was 244 million yuan, a decrease of 52.64% compared to the previous year [4]. - The net cash flow from operating activities in 2024 was 523 million yuan, a significant drop of 70.85% from the previous year [4]. Fundraising and Use of Proceeds - Rongbai Technology raised a total of 1.198 billion yuan through its IPO, with a net amount of 1.101 billion yuan, of which 826 million yuan was allocated for the "2025 Power-type Lithium Battery Material Comprehensive Base (Phase I)" [5]. - The company incurred underwriting fees totaling 96.897 million yuan, with CITIC Securities receiving 80.05 million yuan as the lead underwriter [5]. Stock Issuance - The company issued 31,681,102 shares at a price of 42.11 yuan per share, raising a total of approximately 1.334 billion yuan, netting around 1.325 billion yuan after fees [6][7]. - The total amount raised from both fundraising rounds reached 2.532 billion yuan [7]. Equity Distribution - In the third quarter of 2024, the company announced a capital reserve distribution plan, where shareholders would receive 4.9 additional shares for every 10 shares held, with no cash or bonus shares distributed [7].