Zhong Guo Jing Ji Wang·2026-02-26 06:39Core Viewpoint - The company, Lihai Microelectronics, is forecasting a significant decline in both revenue and net profit for the year 2025 compared to the previous year, indicating potential challenges ahead for the business. Financial Performance Summary - For 2025, Lihai Microelectronics expects revenue to be between RMB 34 million and RMB 37 million, a decrease of RMB 17.88 million to RMB 20.88 million, representing a year-on-year decline of 32.58% to 38.05% [1] - The projected net profit attributable to shareholders for 2025 is expected to be between RMB 1.7 million and RMB 2.2 million, down by RMB 6.23 million to RMB 6.73 million, reflecting a decline of 73.91% to 79.84% year-on-year [1] - The net profit after excluding non-recurring gains and losses is anticipated to be between RMB 450,000 and RMB 650,000, a decrease of RMB 6.90 million to RMB 7.10 million, indicating a decline of 91.39% to 94.04% compared to the previous year [1] - In 2024, the company reported revenue of RMB 54.88 million, a year-on-year decrease of 5.24% [2][3] - The net profit attributable to shareholders for 2024 was RMB 8.43 million, down 21.10% year-on-year [2][3] - The net profit after excluding non-recurring gains and losses for 2024 was RMB 7.55 million, reflecting an 18.63% decline year-on-year [2][3] - The net cash flow from operating activities for 2024 was RMB 8.86 million, a significant decrease of 67.50% compared to the previous year [2][3] Capital Raising and Financial Activities - Lihai Microelectronics raised a total of RMB 864 million through its IPO in 2020 and subsequent convertible bond issuance in 2023 [3] - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2020, raising RMB 4.84 million, with a net amount of RMB 4.26 million after deducting issuance costs [4] - The funds raised were allocated for various projects, including RMB 1.36 million for R&D and testing center construction, RMB 642.1 million for the development of new high-speed power line communication chips, and RMB 504.6 million for micro-power wireless communication chip development [4] - On May 17, 2024, the company announced a dividend plan of RMB 3.5 per 10 shares (pre-tax) and a stock bonus of 2 shares [4] - On May 29, 2025, the company announced a dividend plan of RMB 3 per 10 shares (pre-tax) and a stock bonus of 2 shares [4] - The company issued convertible bonds worth RMB 38 million in 2023, with a net amount of RMB 37.48 million after deducting underwriting and advisory fees [5]