CIXING(SZ:300307) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-25 02:16Core Viewpoint - Cixing Co., Ltd. plans to raise up to 300 million RMB through a simplified procedure for a specific group of investors, aiming to expand production capacity and enhance technology development in response to market opportunities in smart manufacturing and industrial upgrades [1] Fundraising Details - The company intends to allocate 185 million RMB for the construction of projects including the annual production of 1,500 units of 3D integrated knitting machines, 50 units of special knitting machines for medical use, and 500,000 functional sports knitted garments [1] - An additional 100 million RMB will be directed towards the research and industrialization of 1,170 units of high-end multifunctional special computer knitting machines [1] - 15 million RMB is earmarked for the research and development of digital analysis and testing technology for knitted fabric structures [1] Financial Performance - For the first three quarters of 2025, the company reported a revenue of 1.489 billion RMB, representing a year-on-year decline of 16.54% [1] - The net profit attributable to shareholders decreased by 60.71% to 122 million RMB [1] - The net profit after deducting non-recurring gains and losses fell by 25.45% to approximately 96.24 million RMB [1] - Notably, the net cash flow from operating activities was -50.81 million RMB, a significant decline of 516.09%, primarily due to a reduction in cash received from sales [1]