禾信仪器连亏3年3季 2021年上市募3.1亿国信证券保荐

Core Viewpoint - HeXin Instruments (688622.SH) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating ongoing financial challenges for the company [1]. Financial Performance - The company's operating revenue for the first three quarters of 2025 was 70.54 million yuan, a decrease of 52.81% year-on-year [1][2]. - The net profit attributable to shareholders was -36.20 million yuan, with a net profit excluding non-recurring gains and losses of -39.75 million yuan [1][2]. - The net cash flow from operating activities was -6.46 million yuan [1][2]. Historical Context - In 2024, HeXin Instruments reported an operating revenue of 203 million yuan, down 44.70% year-on-year, and a net profit attributable to shareholders of -45.99 million yuan [3]. - The company has consistently reported negative net profits over the past few years, with figures of -63.33 million yuan in 2022 and -96.11 million yuan in 2023 [3]. Initial Public Offering (IPO) Details - HeXin Instruments raised a total of 310 million yuan from its IPO, with a net amount of 273 million yuan after deducting issuance costs [3]. - The company initially planned to raise 326 million yuan, but the final net amount was 53.52 million yuan less than expected [3].