Zhong Guo Jing Ji Wang·2025-12-30 09:53Core Viewpoint - Sifang New Materials (四方新材) has experienced a significant decline in stock price and financial performance, indicating potential challenges in its business operations and market conditions [1][2] Group 1: Stock Performance - Sifang New Materials' stock price fell to 13.30 yuan, marking a 10.01% decrease, and is currently in a state of decline since its initial public offering [1] - The company was listed on the Shanghai Stock Exchange on March 10, 2021, with an initial price of 42.88 yuan per share, reaching a peak of 61.75 yuan on its first trading day [1] - The stock is now trading below its initial offering price, indicating a loss of investor confidence [1] Group 2: Financial Performance - In 2024, Sifang New Materials reported an operating revenue of 1.412 billion yuan, a year-on-year decrease of 28.93% [2] - The net profit attributable to shareholders was -164 million yuan, a significant decline from a profit of 12.9645 million yuan in the previous year [2] - The net profit after deducting non-recurring gains and losses was -176 million yuan, compared to 9.6113 million yuan in the previous year [2] - The net cash flow from operating activities decreased by 87.50%, amounting to 11.8028 million yuan [2] Group 3: Capital and Dividend Distribution - Sifang New Materials raised a total of 1.324992 billion yuan through its initial public offering, with a net amount of 1.235123 billion yuan after deducting issuance costs [1] - The company distributed a cash dividend of 0.6 yuan per share and increased its capital stock by 0.4 shares per share, resulting in a total distribution of 738.66 million yuan in cash dividends and 492.44 million shares [2]