Zhong Guo Jing Ji Wang·2025-12-14 07:58Core Viewpoint - Baoming Technology (002992.SZ) reported a decline in revenue and net profit for the first three quarters of 2025, indicating ongoing financial challenges despite improvements in cash flow from operating activities [1][2]. Financial Performance - The company achieved operating revenue of 999.48 million yuan, a year-on-year decrease of 7.55% [1]. - The net profit attributable to shareholders was -5.02 million yuan, an improvement from -73.45 million yuan in the same period last year, reflecting a 93.14% reduction in losses [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -5.50 million yuan, also an improvement from -82.77 million yuan year-on-year [1]. - The net cash flow from operating activities was 29.47 million yuan, showing a significant increase of 69.38% compared to the previous year [1]. Historical Financial Data - From 2021 to 2024, the net profit attributable to shareholders was -354 million yuan, -223 million yuan, -124 million yuan, and -76.35 million yuan respectively [2]. - The net profit after deducting non-recurring gains and losses for the same period was -364 million yuan, -238 million yuan, -126 million yuan, and -84.75 million yuan respectively [2]. Company Background - Baoming Technology was listed on the Shenzhen Stock Exchange on August 3, 2020, with an initial offering price of 22.35 yuan per share and a total of 34.5 million shares issued [3]. - The total funds raised from the initial public offering amounted to 771 million yuan, with a net amount of 707 million yuan after deducting issuance costs [3]. - The company planned to use the raised funds for expansion projects in LED backlight sources, capacitive touch screens, and the establishment of a research and development center [3].