纳百川上市募6.3亿元首日涨408% 净利润已连降2年

Core Viewpoint - Nanbaichuan New Energy Co., Ltd. has successfully listed on the Shenzhen Stock Exchange's ChiNext board, with a closing price of 115.00 yuan, reflecting a significant increase of 408.17% on its first day of trading [1]. Company Overview - Nanbaichuan focuses on the research, development, production, and sales of thermal management products for new energy vehicle power batteries, fuel vehicle power systems, and energy storage batteries [1]. - Key products include battery liquid cooling plates, battery integrated boxes, fuel vehicle engine radiators, and heating systems [1]. Shareholding Structure - Before the issuance, Chen Rongxian held 20,904,500 shares, accounting for 24.96% of the total share capital, while Chen Chaopengyu held 4,334,400 shares, representing 5.18% [2]. - Chen Rongxian and Zhang Liqin, as a couple, along with Chen Chaopengyu, collectively control 55.58% of the shares through direct and indirect holdings [2]. Financial Performance - In 2022, 2023, 2024, and the first quarter of 2025, Nanbaichuan achieved operating revenues of 1,030.92 million yuan, 1,136.22 million yuan, 1,437.05 million yuan, and 337.17 million yuan, respectively [7]. - Net profits attributable to the parent company for the same periods were 113.32 million yuan, 98.25 million yuan, 95.43 million yuan, and 14.89 million yuan [7]. - The company forecasts a 20.86% increase in operating revenue for 2025, projecting 1,736.76 million yuan, and a net profit of 104.70 million yuan, reflecting a 9.72% growth [10]. Fundraising and Use of Proceeds - Nanbaichuan issued 27,917,400 shares, accounting for 25.00% of the total shares post-issuance, at a price of 22.63 yuan per share, raising a total of 631.77 million yuan [4]. - The net proceeds after deducting issuance costs amount to 555.55 million yuan, which is 17.34 million yuan less than originally planned [4]. - The funds will be used for a production project of 3.6 million sets of water cooling plates and to supplement working capital [6].