（责任编辑：徐自立） 豪尔赛上市发行费用合计8858.32万元，其中，保荐机构长江证券承销保荐有限公司获得承销及保荐费用 6712.33万元。 豪尔赛2025年三季度报告显示，2025年前三季度，豪尔赛归属于上市公司股东的净利润为-2631.38万元， 同比下滑523.96%；归属于上市公司股东的扣除非经常性损益的净利润为-3163.23万元，同比下滑317.90%。 2021年至2024年，公司营业收入分别为7.88亿元、4.07亿元、5.38亿元、4.59亿元，归属于上市公司股东 的净利润分别为0.13亿元、-1.56亿元、0.18亿元、-1.79亿元，归属于上市公司股东的扣除非经常性损益的净利 润分别为-0.10亿元、-1.69亿元、-0.46亿元、-1.09亿元，经营活动产生的现金流量净额分别为0.66亿元、-1.65 亿元、1.39亿元、-0.99亿元。 中国经济网北京11月24日讯 豪尔赛(002963.SZ)今日跌停，截至发稿时报14.59元，跌幅9.99%。 截至2025年9月30日，豪尔赛主要股东中，J.P.MorganSecuritiesPLC－自有资金持股0.37%，为第9大股 东。这是 ...

| | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 増減 | | 年同期增减 | | 营业收入(元) | 528,026,517.24 | 31.58% | 1,304,695,961.92 | 31.96% | | 归属于上市公司股东 的净利润(元) | 5,531,661.86 | -65. 67% | 7,858,732.98 | -79. 40% | | 归属于上市公司股东 | | | | | | 的扣除非经常性损益 | 4.084.497.74 | -70.06% | 5, 863, 859. 55 | -80. 73% | | 的净利润(元) | | | | | | 经营活动产生的现金 | | | 85, 796, 675. 28 | 9.60% | | 流量净额(元) | | | | | 南王科技于2023年6月12日在深交所创业板上市，发行数量为48,780,000股，占发行后总股本的25.00%， 本次发行全部为新股，无老股转让，发行价格为17.55元/股。公司保荐人(主承销商) ...

Group 1 - The core viewpoint of the news is that Zhixiang Jintai (688443.SH) has reported significant revenue growth but continues to face substantial net losses, indicating ongoing financial challenges despite a strong increase in revenue [1] - For the year-to-date period ending in Q3 2025, the company achieved operating revenue of 208 million yuan, representing a year-on-year increase of 1,562.05% [1] - The net profit attributable to shareholders was -333 million yuan, and the net profit after deducting non-recurring gains and losses was -370 million yuan, highlighting persistent losses [1] Group 2 - Zhixiang Jintai has recorded net losses for four consecutive years, with net profits attributable to shareholders of -322 million yuan, -576 million yuan, -801 million yuan, and -797 million yuan from 2021 to 2024 [1] - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 20, 2023, issuing 91.68 million new shares at a price of 37.88 yuan per share, but is currently trading below its initial offering price [1] - The total amount raised from the initial public offering was approximately 347.28 million yuan, with a net amount of 329.14 million yuan after deducting issuance costs, which was 68.86 million yuan less than the originally planned amount [2]

Core Viewpoint - Wanrun New Energy (688275.SH) reported a significant increase in revenue for the first three quarters of 2025, but continued to face net losses, indicating ongoing financial challenges despite revenue growth [1][2]. Financial Performance - For the first nine months of 2025, the company achieved operating revenue of 7.336 billion yuan, representing a year-on-year increase of 51.18% [1][2]. - The net profit attributable to shareholders was -352 million yuan, an improvement from -598 million yuan in the same period last year [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -445 million yuan, compared to -613 million yuan in the previous year [1][2]. - The net cash flow from operating activities was 258 million yuan, showing a significant decline of 87.88% year-on-year [1][2]. Future Projections - The company is projected to incur net losses of 1.504 billion yuan and 870 million yuan for the years 2023 and 2024, respectively [2]. - The projected net loss after deducting non-recurring gains and losses for the same years is expected to be 1.536 billion yuan and 892 million yuan [2]. Company Background - Wanrun New Energy was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 29, 2022, with an initial public offering of 21.3 million shares at a price of 299.88 yuan per share [3]. - The stock reached a peak price of 259.99 yuan on its first trading day but is currently trading below its initial offering price [4]. - The company raised a total of 638.86 million yuan through its IPO, with net proceeds of 614.56 million yuan after deducting issuance costs [4]. Shareholder Returns - In 2023, the company announced a cash dividend of 3.52 yuan per share and a capital increase of 0.48 shares per share, resulting in a total distribution of approximately 300 million yuan in cash dividends and an increase of about 40.9 million shares [5].

Core Points - The company reported a revenue of 1.191 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 12.65% [1] - The net profit attributable to shareholders was -26.95 million yuan, and the net profit after deducting non-recurring gains and losses was -46.19 million yuan [1][2] - The net cash flow from operating activities was -320.88 million yuan, a decrease of 1,309.22% year-on-year [1][2] Financial Performance - For the current reporting period, the revenue was approximately 410.40 million yuan, an increase of 28.92% compared to the same period last year [2] - The total profit for the period was -21.26 million yuan, with a year-to-date total profit of -37.86 million yuan [2] - The net cash flow from operating activities for the year-to-date was -1.57 billion yuan, compared to -3.61 billion yuan in the same period last year [2] Company Background - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on October 22, 2021, with an initial offering price of 70.90 yuan per share [3] - The stock has been trading below its initial offering price since its debut, indicating a state of underperformance [3] - The company raised a total of 1.525 billion yuan through its public offering, with a net amount of 1.407 billion yuan after deducting issuance costs [3] Shareholder Distribution - As of July 11, 2023, the company announced a capital increase of 4 shares for every 10 shares held, resulting in a total share capital of approximately 120.24 million shares post-distribution [4]

Core Viewpoint - The company, 理工导航, reported significant growth in revenue for the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite operational improvements [1]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 35.76 million yuan, a year-on-year increase of 170.36% compared to 13.23 million yuan in the same period last year [3]. - The net profit attributable to shareholders was -16.81 million yuan, an improvement from -30.61 million yuan in the previous year [3]. - The net profit excluding non-recurring gains and losses was -20.08 million yuan, compared to -32.44 million yuan in the same period last year [3]. - The net cash flow from operating activities was -52.84 million yuan, worsening from -24.30 million yuan in the previous year [3]. Historical Context - In 2024, the company reported operating revenue of 171 million yuan, a substantial increase of 685.63% from the previous year [4]. - The net profit attributable to shareholders in 2024 was -4.53 million yuan, an improvement from -22.55 million yuan in the previous year [4]. - The net cash flow from operating activities in 2024 was 17.58 million yuan, a significant increase from 3.57 million yuan in the previous year [5]. IPO and Fundraising - 理工导航 was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 18, 2022, with an initial public offering of 22 million shares at a price of 65.21 yuan per share [6]. - The total amount raised from the IPO was 1.435 billion yuan, with a net amount of 1.251 billion yuan after deducting issuance costs [6]. - The company planned to use the raised funds for expansion projects and working capital, with the final net amount exceeding the original plan by 615 million yuan [6].

Core Viewpoint - Huizhiwei (688512.SH) reported a significant increase in revenue for the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite growth in sales [1][3]. Financial Performance - The company achieved operating revenue of 355.16 million yuan, representing a year-on-year increase of 39.97% compared to 253.28 million yuan in the same period last year [1][3]. - The net profit attributable to shareholders was -65.28 million yuan, an improvement from -183.41 million yuan in the previous year [1][3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -137.36 million yuan, compared to -200.46 million yuan in the same period last year [1][3]. - The net cash flow from operating activities was -235.40 million yuan, slightly better than -237.55 million yuan in the previous year [1][3]. Historical Financial Data - In 2022, 2023, and 2024, the net profit attributable to shareholders was -305 million yuan, -409 million yuan, and -438 million yuan respectively, indicating a trend of increasing losses [3][4]. - The net profit after deducting non-recurring gains and losses for the same years was -309 million yuan, -450 million yuan, and -474 million yuan respectively [3][4]. IPO and Fundraising - Huizhiwei was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on May 16, 2023, with an issuance of 54.30 million shares at a price of 20.92 yuan per share [4][5]. - The total amount raised from the IPO was 1.14 billion yuan, with a net amount of 1.03 billion yuan, which was 47.59 million yuan less than originally planned [5]. - The funds raised are intended for projects including a chip testing center, headquarters and R&D center construction, and working capital supplementation [5].

Core Viewpoint - *ST Qingyan (301288.SZ) announced a share reduction plan by its shareholders, Shenzhen Lihe Venture Capital Co., Ltd. and Shenzhen Qingyan Venture Capital Co., Ltd., which will not affect the company's control or operational continuity [1][2]. Group 1: Shareholder Reduction Plan - Lihe Venture Capital holds 6,776,930 shares (6.27% of total shares) and Qingyan Venture Capital holds 2,968,038 shares (2.75% of total shares) [1]. - The planned reduction involves selling up to 3,189,867 shares (2.95% of total shares) within three months starting from November 3, 2025 [1]. - The reduction will be executed through centralized bidding and block trading methods [1]. Group 2: Financial Data and Stock Performance - Based on the closing price of 16.52 yuan on October 10, the cash amount from the reduction is approximately 52.70 million yuan [2]. - *ST Qingyan was listed on the Shenzhen Stock Exchange on April 22, 2022, with an initial offering price of 19.09 yuan per share [2]. - The stock reached a peak price of 42.88 yuan on its first trading day but is currently in a state of decline [2]. - The total funds raised during the IPO amounted to 51.56 million yuan, exceeding the initial plan by 7.22 million yuan [2].

Core Viewpoint - The announcement of a share reduction plan by the director of Zhongzi Technology indicates a potential liquidity need, while the director expresses confidence in the company's future development and value recognition. Group 1: Share Reduction Plan - Director Li Yun plans to reduce his holdings by up to 50,000 shares, which is 0.04% of the total share capital, due to personal funding needs [1] - Before the reduction, Li Yun held 672,000 shares, representing 0.56% of the total share capital, with the shares being released from lock-up on April 22, 2023 [1] - Li Yun voluntarily extended the lock-up period for his pre-IPO shares by 6 months until October 22, 2023, reflecting confidence in the company's future [1] Group 2: IPO and Fundraising - Zhongzi Technology raised a total of 1.525 billion yuan through the issuance of 21.5087 million shares, with a net amount of 1.407 billion yuan after deducting issuance costs [2] - The final net fundraising amount was 52.7168 million yuan less than the original plan of 1.460 billion yuan [2] - The funds are intended for projects including a new catalyst smart manufacturing park and R&D for hydrogen fuel cell key materials [2] Group 3: Financial Distribution - The total issuance costs amounted to 118 million yuan, with the underwriter receiving 93.5123 million yuan as underwriting fees [3] - As of July 11, 2023, the company announced a capital distribution plan, resulting in a stock increase of 4 shares for every 10 shares held, with no cash dividends distributed [3] - Following the stock increase, the total share capital rose to 120,242,886 shares [3]

Core Viewpoint - Aike Co., Ltd. (300889.SZ) reported significant revenue growth in the first half of 2025, with total revenue reaching 531.32 million yuan, a year-on-year increase of 39.88%, despite a net loss [1][2]. Financial Performance - In the first half of 2025, the company achieved total revenue of 531.32 million yuan, up 39.88% from 379.71 million yuan in the same period last year [2]. - The net profit attributable to shareholders was -12.03 million yuan, an improvement of 78.62% compared to -56.27 million yuan in the previous year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -13.82 million yuan, showing a 76.64% improvement from -59.18 million yuan year-on-year [2]. - The net cash flow from operating activities was 17.29 million yuan, a significant turnaround from -31.86 million yuan in the same period last year, representing a 154.28% increase [2]. Previous Year Comparison - In 2024, the company reported total revenue of 903.16 million yuan, a decline of 15.37% from 1.07 billion yuan in 2023 [3]. - The net profit attributable to shareholders for 2024 was -107.45 million yuan, compared to a profit of 34.32 million yuan in 2023, marking a decrease of 413.09% [3]. - The net profit after deducting non-recurring gains and losses was -167.61 million yuan, a decline of 1,980.12% from -8.06 million yuan in the previous year [3]. - The net cash flow from operating activities in 2024 was 90.16 million yuan, a significant increase of 257.92% from -57.09 million yuan in 2023 [3]. IPO and Fundraising - Aike Co., Ltd. was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 16, 2020, raising a total of 1.09 billion yuan, with a net amount of 982 million yuan after deducting issuance costs [4]. - The company initially planned to raise 845 million yuan for projects related to LED landscape lighting and smart controllers, as well as for working capital [4]. - The stock reached a peak price of 75.38 yuan on its listing day but is currently in a state of decline [4]. Dividend Announcement - On May 29, 2025, Aike Co., Ltd. announced a dividend plan, proposing a stock dividend of 4 shares for every 10 shares held, with the ex-dividend date set for June 9, 2025 [6].