Core Viewpoint - Jintian Titanium Industry (688750.SZ) has announced a significant decline in its projected net profit for 2025, forecasting a decrease of 59.13% to 64.41% compared to the previous year [1] Group 1: Financial Performance - The company expects a net profit for 2025 to be between 54 million to 62 million yuan, a decrease of 89.71 million to 97.71 million yuan year-on-year [1] - The projected net profit after deducting non-recurring gains and losses is estimated to be between 43 million to 51 million yuan, reflecting a decline of 62.72% to 68.57% compared to the previous year [1] Group 2: IPO Details - Jintian Titanium Industry was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 20, 2024, with a public offering of 92.5 million new shares at a price of 7.16 yuan per share [1] - The total amount raised from this issuance was 662.3 million yuan, with a net amount of 587.32 million yuan after deducting issuance costs, which is 457.28 million yuan less than originally planned [1] - The company intended to raise 1.0445968 billion yuan for advanced titanium alloy projects and to supplement operating funds [1] Group 3: Issuance Costs - The total issuance costs for the public offering amounted to 74.98 million yuan (excluding VAT), including 1.8868 million yuan for sponsorship fees and 55.0759 million yuan for underwriting fees [2]