Core Viewpoint - Beilong Precision (301567.SZ) has announced a negative profit forecast for the year 2025, indicating a significant downturn in financial performance compared to previous years [1]. Financial Performance Summary - The company expects a net profit attributable to shareholders to be between -8 million and -4 million yuan for 2025, marking a shift from profit to loss year-on-year [1]. - The forecasted net profit after deducting non-recurring gains and losses is projected to be between -14 million and -10 million yuan, also reflecting a year-on-year decline [1]. - The anticipated operating revenue for 2025 is estimated to be between 380 million and 410 million yuan [1]. Historical Financial Data - In 2022, 2023, and 2024, the company's operating revenues were 350 million yuan, 380 million yuan, and approximately 402 million yuan, respectively, showing a growth of 5.65% from 2023 to 2024 [3][4]. - The net profit attributable to shareholders for the same years was 60.56 million yuan, 58.09 million yuan, and approximately 37.90 million yuan, indicating a decline of 34.75% from 2023 to 2024 [3][4]. - The net profit after excluding non-recurring items was 50.92 million yuan, 51.11 million yuan, and approximately 31.48 million yuan, reflecting a decrease of 38.41% from 2023 to 2024 [4]. - The net cash flow from operating activities showed an increase from 54.73 million yuan in 2022 to approximately 69.79 million yuan in 2024, representing a growth of 75.41% [4]. IPO and Fundraising Details - Beilong Precision was listed on the Shenzhen Stock Exchange's ChiNext board on January 16, 2024, with an issuance of 18 million shares, accounting for 25% of the total share capital post-issuance [2]. - The initial offering price was 21.46 yuan per share, raising a total of approximately 386.28 million yuan, with a net amount of about 325.42 million yuan after deducting issuance costs [2]. - The net fundraising amount was 18.06 million yuan less than the original plan of 506.06 million yuan, which was intended for expansion projects and working capital [2].