HYNAR WATER(SZ:300961) Zhong Guo Jing Ji Wang·2025-10-20 07:11Core Insights - Deepwater Haina (300961.SZ) reported a significant decline in revenue and net profit for the first half of 2025, with revenue decreasing by 19.93% year-on-year to 166.27 million yuan and a net loss of 15.68 million yuan, a drop of 5,290.59% compared to the previous year [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 166.27 million yuan, down from 206.85 million yuan in the same period last year, reflecting a decrease of 19.93% [2]. - The net profit attributable to shareholders was -15.68 million yuan, compared to a profit of 302,011.90 yuan in the previous year, marking a decline of 5,290.59% [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -29.10 million yuan, a significant increase in loss from -1.95 million yuan year-on-year, representing a change of -1,389.17% [2]. - The net cash flow from operating activities was 20.06 million yuan, a substantial improvement from -14.55 million yuan in the same period last year, indicating a change of 237.88% [2]. Historical Financial Data - From 2022 to 2024, Deepwater Haina's projected operating revenues are 498 million yuan, 472 million yuan, and 372 million yuan respectively. The net profits attributable to shareholders are forecasted to be -1.22 million yuan, -34.93 million yuan, and -247 million yuan respectively [2]. - The net profit after deducting non-recurring gains and losses is expected to be -7.40 million yuan, -36.73 million yuan, and -190 million yuan for the same years [2]. - The net cash flow from operating activities is projected to be -25.54 million yuan, 45.45 million yuan, and -33.74 million yuan for the years 2022 to 2024 [2]. IPO and Fundraising - Deepwater Haina was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on March 30, 2021, with an initial public offering of 44.32 million shares at a price of 8.48 yuan per share [3]. - The total funds raised from the IPO amounted to 376 million yuan, with a net amount of 321 million yuan after deducting issuance costs, which was 284 million yuan less than the original plan [3]. - The company intended to use the raised funds for various projects, including 183 million yuan for the expansion of a new water plant in Jiangsu Province and 101 million yuan for upgrading a smart water management research center [3].