冠石科技1年又3个季度连亏 上市募5亿国投证券保荐

Core Viewpoint - Guanshi Technology (605588.SH) reported a decline in revenue and net profit for Q3 2025, indicating ongoing financial challenges despite a slight increase in revenue for the first three quarters of the year [1][4]. Financial Performance - In Q3 2025, the company achieved revenue of 335 million yuan, a year-on-year decrease of 1.44% [1]. - The net profit attributable to shareholders was -6.63 million yuan, with a net profit excluding non-recurring items of -9.06 million yuan [1]. - For the first three quarters of 2025, the company reported total revenue of 1.026 billion yuan, reflecting a year-on-year growth of 3.00% [1]. - The net profit attributable to shareholders for the same period was -18.81 million yuan, with a net profit excluding non-recurring items of -30.32 million yuan [1]. Cash Flow - The net cash flow from operating activities for the first three quarters of 2025 was 136 million yuan [4]. Historical Financial Data - In 2024 and the first half of 2025, the company reported revenues of 1.359 billion yuan and 692 million yuan, respectively, with net profits of -15 million yuan and -12 million yuan [4]. IPO and Fundraising - Guanshi Technology was listed on the Shanghai Stock Exchange on August 12, 2021, with an initial public offering of 18.275 million shares at a price of 27.42 yuan per share [4]. - The total funds raised from the IPO amounted to 501 million yuan, with a net amount of 456 million yuan after deducting issuance costs [4]. - The funds were intended for projects related to functional structural components, ultra-high-definition liquid crystal display panels, and a research and development center [4]. Stock Issuance Plan - The company plans to raise up to 700 million yuan through a private placement of shares, with the net proceeds intended for a photomask manufacturing project and to supplement working capital [5][6]. - As of the announcement date, there were no confirmed issuance targets, and the company's major shareholder, Zhang Jianwei, holds approximately 60.41% of the voting rights [6].