Hongming shares H1 net profit fell by 95% at the end of last year

Beijing, September 13, China Economic Network News Hongming Shares (301105. SZ) recently released its semi annual report for 2023. During the reporting period, the company realized an operating income of 98.3629 million yuan, a year-on-year decrease of 40.61%; The net profit attributable to shareholders of the listed company was 2.0058 million yuan, down 95.05% year on year; The net profit attributable to shareholders of the listed company after deducting non recurring profits and losses was 1.4027 million yuan, down 95.94% year on year; The net cash flow from operating activities was 4.2296 million yuan, down 64.77% year on year.

The 2023 semi annual profit distribution plan of Hongming Shares is that it is planned to distribute a cash dividend of RMB 10 (tax included) for every 10 shares to all shareholders based on the total capital stock of 50 million shares on June 30, 2023, so as to calculate a total cash dividend of RMB 50 million (tax included). No bonus share will be given and no capital reserve will be converted into share capital. After this profit distribution, the remaining distributable profits of the Company shall be carried forward for future annual distribution.

In 2022, Hongming Shares will achieve an operating income of 230 million yuan, a year-on-year decrease of 28.86%; The net profit attributable to shareholders of the listed company was 39.3674 million yuan, down 41.24% year on year; The net profit attributable to shareholders of the listed company after deducting non recurring profit and loss was 32.0157 million yuan, down 47.82% year on year; The net cash flow from operating activities was 12.0996 million yuan, down 67.75% year on year.

Hongming Shares will be listed on the Shenzhen Stock Exchange's GEM on December 30, 2022, and will issue 12.5 million shares at a price of 40.50 yuan. The recommendation agency (lead underwriter) is Dongguan Securities Co., Ltd., and the recommendation representatives are Zheng Wei and Guo Tianshun.

On the first day of listing, the lowest breaking price of Hongming shares was 38.15 yuan and the highest price was 42.98 yuan, which was the highest price since the listing of the shares. Since then, the share price of Hongming shares has fluctuated and declined. At present, the share price is lower than the issue price.

The total amount of funds raised by the initial public offering of Hongming shares was 506.250 million yuan. After deducting the expenses related to the offering, the actual net amount of funds raised was 427.5415 million yuan. The final net amount of funds raised by Hongming shares was 144.1491 million yuan more than the original plan. The prospectus disclosed by Hongming Shares on December 16, 2022 shows that the company plans to raise 283392400 yuan for the headquarters project of Dongcheng Guangdong Hongming Intelligent Co., Ltd. - production center, marketing center, research and development center.

The total amount of issuance expenses for the initial public offering of Hongming shares was 78.7085 million yuan, of which Dongguan Securities Co., Ltd. received 45.5625 million yuan of underwriting and recommendation fees.

key word: Hongming Shares