Zhong Guo Jing Ji Wang·2026-02-08 08:01Core Viewpoint - Naxin Micro (688052.SH) forecasts significant revenue growth for 2025, with expected revenues between CNY 3.3 billion and CNY 3.4 billion, representing a year-on-year increase of 68.34% to 73.45% [1] Group 1: Financial Performance Forecast - For 2025, Naxin Micro anticipates a net loss attributable to shareholders of CNY -250 million to CNY -200 million, narrowing the loss by CNY 152.88 million to CNY 202.88 million compared to the previous year [1] - The company expects a net loss of CNY -290 million to CNY -240 million after excluding non-recurring gains and losses, which is a reduction of CNY 166.78 million to CNY 216.78 million from the prior year [1] Group 2: Recent Financial Results - In 2024, Naxin Micro reported revenues of CNY 1.96 billion, a year-on-year increase of 49.53% [1] - The net loss attributable to shareholders for 2024 was CNY -403 million, compared to CNY -305 million in the previous year [1] - The net loss after excluding non-recurring gains and losses for 2024 was CNY -457 million, up from CNY -393 million year-on-year [1] - The net cash flow from operating activities for 2024 was CNY 95.05 million, improving from a negative CNY 139 million in the previous year [1] Group 3: IPO and Capital Raising - Naxin Micro was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 22, 2022, with an initial public offering of 25.266 million shares at a price of CNY 230.00 per share [2] - The total funds raised from the IPO amounted to CNY 5.811 billion, exceeding the initial target of CNY 750 million by CNY 4.831 billion [2] - The total issuance costs for the IPO were CNY 230 million, including underwriting fees of CNY 203 million [2] Group 4: Dividend Distribution - On May 24, 2023, Naxin Micro announced a profit distribution plan, distributing a cash dividend of CNY 0.8 per share and a capital reserve conversion of 0.4 shares for every share held, resulting in a total cash distribution of CNY 80.85 million and a share increase of 40.43 million shares [2] Group 5: Upcoming Listing - Naxin Micro plans to list on the Hong Kong Stock Exchange on December 8, 2025, with a total of 19,068,400 H-shares being offered [3] - The final offer price for the H-shares is set at HKD 116.00, with total proceeds amounting to HKD 2,211.9 million, netting HKD 2,096.4 million after estimated listing expenses [3]