Core Viewpoint - The recent financial report of Lixin Microelectronics (688601.SH) indicates a significant decline in revenue and profit for the first three quarters of the year, raising concerns about the company's financial health and future performance [1][3]. Financial Performance Summary - For the first three quarters of the year, the company achieved a revenue of 564.5 million yuan, a year-on-year decrease of 6.69% [1][3]. - The net profit attributable to shareholders was 28.73 million yuan, down 71.40% compared to the previous year [1][3]. - The net profit after deducting non-recurring gains and losses was 17.48 million yuan, reflecting an 80.93% decline year-on-year [1][3]. - The net cash flow from operating activities was 13.24 million yuan, a significant drop of 85.66% year-on-year [1][3]. 2024 Financial Projections - In 2024, the company is projected to generate a revenue of 787.49 million yuan, which represents an 11.19% decrease compared to 2023 [4]. - The net profit attributable to shareholders is expected to be 126 million yuan, a decline of 37.23% year-on-year [4]. - The net profit after excluding non-recurring items is forecasted to be 104.97 million yuan, down 40.88% from the previous year [4]. - The net cash flow from operating activities is anticipated to be 133.18 million yuan, a decrease of 37.75% compared to 2023 [4]. Company Background - Lixin Microelectronics was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 28, 2021, with an issuance of 16 million shares at a price of 36.48 yuan per share [4]. - The total amount raised from the initial public offering was 583.68 million yuan, with a net amount of 512.44 million yuan after deducting issuance costs [5].

Core Viewpoint - Lixun Microelectronics (688601.SH) announced a share reduction plan by its major shareholder, Wuxi Yijing Investment Co., Ltd., due to funding needs, intending to reduce up to 4,010,781 shares, representing 3.00% of the total share capital [1] Group 1 - Wuxi Yijing Investment plans to reduce shares through centralized bidding and block trading, with a maximum of 1,336,927 shares (1.00% of total shares) via centralized bidding and 2,673,854 shares (2.00% of total shares) via block trading [1] - The reduction will occur within three months after the announcement, starting fifteen trading days post-announcement [1] - As of the last trading day before the announcement, Lixun Microelectronics' share price was 39.19 CNY, estimating the cash amount from the reduction to be approximately 157 million CNY [1] Group 2 - Wuxi Yijing Investment holds 53,833,999 shares of Lixun Microelectronics, accounting for 40.27% of the total share capital, all acquired before the IPO [2] - Lixun Microelectronics was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 28, 2021, with an issuance of 16 million shares at a price of 36.48 CNY per share [2] - The total funds raised from the IPO amounted to 583.68 million CNY, with a net amount of 512.44 million CNY after deducting issuance costs [2]