Zhong Guo Jing Ji Wang·2025-10-24 06:12Core Viewpoint - JiuLiang Co., Ltd. reported a significant decline in revenue and net profit for the first three quarters of 2023, indicating ongoing financial challenges for the company [1]. Financial Performance Summary - The company achieved operating revenue of 226 million yuan in the first three quarters of 2023, a year-on-year decrease of 28.82% [1][2]. - The net profit attributable to shareholders was -47.54 million yuan, reflecting a decline of 203.37% compared to the previous year [1][2]. - The net profit after deducting non-recurring gains and losses was -42.17 million yuan, a decrease of 171.43% year-on-year [1][2]. - The net cash flow from operating activities was 24.32 million yuan, down 76.96% from the previous year [1][2]. Historical Financial Data - In 2022, 2023, and 2024, the company reported net profits attributable to shareholders after deducting non-recurring gains and losses of -27.14 million yuan, -6.51 million yuan, and -19.63 million yuan, respectively [2][3]. - The operating revenue for 2024 is projected to be 431.40 million yuan, a decrease of 9.35% from 2023 [3]. - The net profit attributable to shareholders for 2024 is expected to be 19.37 million yuan, a decline of 146.87% compared to 2023 [3]. Fundraising and Use of Proceeds - The company raised a total of 441.60 million yuan from its initial public offering, with a net amount of 392.12 million yuan after deducting issuance costs [4]. - The raised funds are allocated for the construction of LED lighting production bases, automated warehousing and logistics bases, and a research and development center, as well as for working capital and repaying bank loans [4].