Zhong Guo Jing Ji Wang·2025-11-24 07:19Core Viewpoint - The company, Online and Offline (300959.SZ), reported significant declines in revenue and profit for the first three quarters of 2025, indicating financial distress and operational challenges [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 470 million yuan, a year-on-year decrease of 46.84% [1][2]. - The net profit attributable to shareholders was 3.51 million yuan, down 72.05% compared to the previous year [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -3.69 million yuan, reflecting a decline of 253.05% year-on-year [1][2]. - The net cash flow from operating activities was 439.78 million yuan, a significant drop of 89.52% compared to the same period last year [1][2]. Stock Market Performance - The company was listed on the Shenzhen Stock Exchange's ChiNext board on March 22, 2021, with an initial public offering of 20 million shares at a price of 41.00 yuan per share [2]. - On the first day of trading, the stock price peaked at 129 yuan but has since experienced a downward trend [2]. Fundraising and Use of Proceeds - The total amount raised during the IPO was 820 million yuan, with a net amount of 749.59 million yuan after deducting issuance costs [3]. - The company initially planned to raise 414.28 million yuan for projects related to "enterprise communication management platform construction," "distributed operation network construction," and "supplementing working capital" [3]. - The underwriting fees for the IPO amounted to 70.41 million yuan, with Guosen Securities receiving 51.20 million yuan for its underwriting and sponsorship services [3].