Zhong Guo Jing Ji Wang·2025-11-21 06:45Core Viewpoint - The recent financial report of Lixin Microelectronics (688601.SH) indicates a significant decline in revenue and profit for the first three quarters of the year, raising concerns about the company's financial health and future performance [1][3]. Financial Performance Summary - For the first three quarters of the year, the company achieved a revenue of 564.5 million yuan, a year-on-year decrease of 6.69% [1][3]. - The net profit attributable to shareholders was 28.73 million yuan, down 71.40% compared to the previous year [1][3]. - The net profit after deducting non-recurring gains and losses was 17.48 million yuan, reflecting an 80.93% decline year-on-year [1][3]. - The net cash flow from operating activities was 13.24 million yuan, a significant drop of 85.66% year-on-year [1][3]. 2024 Financial Projections - In 2024, the company is projected to generate a revenue of 787.49 million yuan, which represents an 11.19% decrease compared to 2023 [4]. - The net profit attributable to shareholders is expected to be 126 million yuan, a decline of 37.23% year-on-year [4]. - The net profit after excluding non-recurring items is forecasted to be 104.97 million yuan, down 40.88% from the previous year [4]. - The net cash flow from operating activities is anticipated to be 133.18 million yuan, a decrease of 37.75% compared to 2023 [4]. Company Background - Lixin Microelectronics was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 28, 2021, with an issuance of 16 million shares at a price of 36.48 yuan per share [4]. - The total amount raised from the initial public offering was 583.68 million yuan, with a net amount of 512.44 million yuan after deducting issuance costs [5].