Core Viewpoint - Jiangsu Xihua New Energy Technology Co., Ltd. (stock code: 603248) was listed on the Shanghai Stock Exchange, opening at 28.45 yuan and closing at 36.81 yuan, marking an increase of 264.46% with a total market value of 16.933 billion yuan [1]. Company Overview - The company specializes in the research, manufacturing, and sales of high-end equipment components, primarily focusing on wind turbine gearbox components and injection molding machine parts, establishing itself as a global leader in the industry [1]. - Before the IPO, Xihua Investment held 77.98% of the company's shares, making it the controlling shareholder [1]. Shareholding Structure - Post-IPO, Xihua Investment directly holds 61.02% of the shares, maintaining its status as the controlling shareholder, with Wang Rongzheng and Lu Yanyun as the actual controllers of the company [2]. IPO Details - The IPO involved issuing 100 million shares, accounting for 21.74% of the total shares post-issue, at a price of 10.10 yuan per share, raising a total of 1.01 billion yuan [3]. - The funds raised will be allocated to the wind power core equipment industrialization project and the construction of a research and development center, with a total planned investment of 1.4978426 billion yuan [4]. Financial Performance - From 2022 to 2024, the company's revenue was 941.748 million yuan, 907.7006 million yuan, and 954.781 million yuan, respectively, while net profits were 184.4969 million yuan, 176.6493 million yuan, and 141.9295 million yuan [5]. - The company experienced a decline in net profit for two consecutive years, with a net profit of 141.9295 million yuan in 2024, down from 176.6493 million yuan in 2023 [5]. Cash Flow and Dividends - The net cash flow from operating activities for 2022 to 2024 was 80.8533 million yuan, 122.6923 million yuan, and 63.3349 million yuan, respectively [6]. - In 2022, the company distributed cash dividends amounting to 350 million yuan [7]. Recent Performance - In the first three quarters of 2025, the company achieved a revenue of 950.8068 million yuan, a year-on-year increase of 35.35%, and a net profit of 161.5717 million yuan, up 55.22% [9]. - The operating cash flow for the first nine months of 2025 was -46.0732 million yuan, compared to 34.3635 million yuan in the same period of the previous year [11].
锡华科技募10亿上市首日涨264% 净利连降2年净现比低