Zhong Guo Jing Ji Wang·2025-10-29 06:42Core Viewpoint - *ST Qingyan reported significant revenue growth in the first three quarters of 2025, but continued to face net losses, indicating ongoing financial challenges despite operational improvements [1][2]. Financial Performance - The company achieved operating revenue of 101 million yuan in the first three quarters of 2025, representing a year-on-year increase of 92.97% [1][2]. - The net profit attributable to shareholders was -5.18 million yuan, an improvement from -13.01 million yuan in the same period last year, reflecting a 60.22% reduction in losses [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -7.76 million yuan, also showing a decrease in losses of 49.62% compared to the previous year [1][2]. - The net cash flow from operating activities was -20.53 million yuan, slightly worsening from -18.72 million yuan year-on-year [1][2]. Historical Context - *ST Qingyan was listed on the Shenzhen Stock Exchange's ChiNext board on April 22, 2022, with an initial public offering of 27.01 million shares at a price of 19.09 yuan per share [3]. - The stock reached a peak price of 42.88 yuan on its first trading day but is currently in a state of decline [3]. - The total funds raised amounted to 51.56 million yuan, exceeding the initial plan by 7.22 million yuan, with the funds intended for high-end environmental equipment development and working capital [3].