芯原股份连亏3年 A股两募资共36.7亿IPO招商证券保荐

Core Viewpoint - Chip Origin Co., Ltd. (芯原股份) has announced its 2025 annual performance forecast, projecting a revenue increase but continued net losses, indicating a narrowing of losses compared to previous years [1] Financial Performance Summary - The company expects to achieve an operating revenue of approximately 3.153 billion yuan in 2025, representing a growth of 35.81% compared to 2024 [1] - The projected net profit attributable to shareholders for 2025 is approximately -449 million yuan, which is a reduction of 152 million yuan from the previous year, reflecting a narrowing of losses by 25.29% [1] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is approximately -627 million yuan, with a reduction of 16 million yuan compared to the previous year, indicating a narrowing of losses by 2.49% [1] - Historical revenue figures for 2022 to 2024 are 2.679 billion yuan, 2.338 billion yuan, and 2.322 billion yuan respectively [1] - Historical net profit figures for the same period are 73.81 million yuan, -296 million yuan, and -601 million yuan respectively [1] - Historical net profit figures after deducting non-recurring gains and losses are 13.29 million yuan, -318 million yuan, and -643 million yuan respectively [1] - The net cash flow from operating activities for the years 2022 to 2024 are -329 million yuan, -8.52 million yuan, and -346 million yuan respectively [1] Fundraising and IPO Details - Chip Origin Co., Ltd. was listed on the Sci-Tech Innovation Board on August 18, 2020, with an issuance of 48.3193 million shares at a price of 38.53 yuan per share, raising a total of 1.862 billion yuan [2] - The net amount raised after deducting issuance costs was 1.678 billion yuan, which was 888 million yuan more than the original plan [2] - The company planned to use the raised funds for various projects, including IP application solutions for smart wearable devices, smart cars, smart homes, and upgrading the R&D center [2] - The total issuance costs for the IPO were 184 million yuan, with underwriting fees amounting to 164 million yuan [3] - In a subsequent issuance on July 3, 2025, the company issued 24,860,441 shares at a price of 72.68 yuan per share, raising a total of approximately 1.807 billion yuan, with a net amount of approximately 1.780 billion yuan after costs [3][4]