长鸿高科净利连降4年3季 2020年上市华西证券保荐

Core Insights - Changhong High-Tech (605008.SH) reported a revenue of 2.965 billion yuan for the first three quarters of 2023, representing a year-on-year increase of 17.08% [1] - The net profit attributable to shareholders decreased significantly by 84.34% to 16.06 million yuan, while the net profit after excluding non-recurring items fell by 96.28% to 276.49 thousand yuan [1][3] - The company experienced a negative cash flow from operating activities amounting to -75.68 million yuan, compared to a positive cash flow of 121 million yuan in the same period last year [1][3] Financial Performance - Revenue for the current reporting period was approximately 1.122 billion yuan, showing an increase of 18.45% compared to the same period last year [3] - Total profit for the current period was approximately 19.09 million yuan, reflecting a significant decrease of 91.29% year-on-year [3] - The net profit attributable to shareholders for the current period was approximately 14.38 million yuan, which is a 139.35% increase compared to the previous year [3] - The net profit after excluding non-recurring items was approximately 8.51 million yuan, a decrease of 132.19% year-on-year [3] Cash Flow Analysis - The net cash flow from operating activities for the year-to-date was -75.68 million yuan, indicating a decline of 162.70% compared to the previous year [3][5] - The company has faced challenges in maintaining positive cash flow, as evidenced by the significant drop from the previous year's cash flow of 121 million yuan [1][3] Capital Raising Activities - Changhong High-Tech has raised a total of 534.84 million yuan through two rounds of fundraising since its IPO [4][5] - The company plans to utilize the raised funds for projects including a 20,000 tons/year hydrogenated styrene-isoprene-styrene thermoplastic elastomer (SEPS) technical transformation project and a 250,000 tons/year solution styrene-butadiene rubber expansion project [4]