Dioo Microcircuits (SH:688381) Zhong Guo Jing Ji Wang·2025-11-05 07:13Core Viewpoint - DiAo Microelectronics (688381.SH) reported a decline in net profit for the first three quarters of 2025 despite a revenue increase, indicating potential challenges in profitability and cash flow management [1][2]. Financial Performance - The company achieved a revenue of 457 million yuan in the first three quarters of 2025, representing a year-on-year growth of 11.41% [1][2]. - The net profit attributable to shareholders was -24.28 million yuan, a significant decline of 232.46% compared to the previous year [1][2]. - The net profit excluding non-recurring gains and losses was -56.50 million yuan [1][2]. - The net cash flow from operating activities was -71.45 million yuan [1][2]. Year-on-Year Comparison - For the year 2024, the company reported a revenue of 526.25 million yuan, which is a 37.98% increase from 381.40 million yuan in 2023 [3]. - The net profit attributable to shareholders for 2024 was -47.07 million yuan, compared to a profit of 15.39 million yuan in 2023, marking a decline of 405.76% [3]. - The net cash flow from operating activities for 2024 was -76.16 million yuan, worsening from -2.35 million yuan in 2023 [3]. Initial Public Offering (IPO) Details - DiAo Microelectronics raised a total of 2.63 billion yuan through its IPO, with a net amount of 2.42 billion yuan after deducting issuance costs [4]. - The company initially planned to raise 1.5 billion yuan for various projects, including product upgrades and the establishment of research centers [4]. - The underwriting fees totaled 212.32 million yuan, with significant portions allocated to the lead underwriters [4][5].