Core Viewpoint - Zhengyuan Dixin (688509.SH) is expected to report a net loss attributable to shareholders of the parent company for the year 2025, estimated between -170 million to -204 million yuan, with a net profit excluding non-recurring gains and losses projected between -180 million to -216 million yuan [1] Financial Performance Summary - For the fiscal year 2024, Zhengyuan Dixin reported revenue of approximately 661 million yuan, a decrease of 25.97% compared to 893 million yuan in 2023, and a significant drop from 1.316 billion yuan in 2022 [2] - The net profit attributable to shareholders for 2024 was -173 million yuan, compared to -33 million yuan in 2023, marking a decline of 419.22% [3] - The net profit excluding non-recurring gains and losses for 2024 was -182 million yuan, a decrease of 336.16% from -41 million yuan in 2023 [3] - The net cash flow from operating activities for 2024 was -185 million yuan, contrasting with a positive cash flow of 15 million yuan in 2023 [3] Asset and Equity Position - As of the end of 2024, the net assets attributable to shareholders were approximately 1.306 billion yuan, down 11.69% from 1.478 billion yuan at the end of 2023 [3] - Total assets at the end of 2024 were approximately 3.440 billion yuan, a decrease of 4.31% from 3.594 billion yuan at the end of 2023 [3] Initial Public Offering (IPO) Details - Zhengyuan Dixin was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 30, 2021, with an initial share price of 1.97 yuan per share and a total of 170 million shares issued [4] - The stock reached a peak price of 12.80 yuan on its first trading day, closing at 8.31 yuan, reflecting a significant increase of 321.83% [4] - The total funds raised during the IPO amounted to 335 million yuan, with a net amount of 288 million yuan after deducting issuance costs [4][5]