Aerospace Hongtu will increase its losses in 2024 and have been listed for nearly 6 years3 to raise a total of 2.4 billion yuan
DATE:  Mar 14 2025

China Economic Net, Beijing, March 14 - According to the 2024 annual performance express report announcement recently disclosed by Aerospace Hongtu (688066.SH), during the reporting period, the company achieved operating income of 1,591,617,047.79 yuan, a year-on-year decrease of 12.49%; net profit attributable to owners of the parent company -1,432,111,852.83 yuan, down 282.71% year-on-year; The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was -1,489,530,985.05 yuan, a year-on-year decrease of 228.27%. 

In 2023, Aerospace Hongtu will achieve a total operating income of 1.819 billion yuan, a year-on-year decrease of 25.98%; The net profit loss attributable to the parent company was 374 million yuan, compared with a profit of 264 million yuan in the same period last year, the loss of non-net profit was 454 million yuan, compared with a profit of 222 million yuan in the same period last year, and the net cash flow from operating activities was -870 million yuan, compared with -488 million yuan in the same period last year. 

Aerospace Hongtu was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 22, 2019, with an issue quantity of 41.5 million shares and an issue price of RMB 17.25 per share.    

The

total amount of funds raised in the initial public offering of Aerospace Hongtu was 715.875 million yuan, and after deducting the issuance expenses, the net amount of funds raised was 641.803 million yuan, 75.1033 million yuan more than the original plan. According to the prospectus disclosed by the company on July 18, 2019, the company plans to raise funds of 566.6997 million yuan, which is planned to be used for the PIE basic platform upgrading project, the Beidou comprehensive application platform construction project, and the atmosphere and ocean application service platform project.    

The total issuance expenses of the initial public offering of Aerospace Hongtu were 74.072 million yuan (excluding VAT), of which the underwriting fee was 57.4051 million yuan (excluding VAT) and the sponsor fee was 2.8302 million yuan (excluding VAT).    

In 2020, Aerospace Hongtu will issue shares to specific targets to raise funds. According to the "Reply on Agreeing to the Registration of Aerospace Hongtu Information Technology Co., Ltd. to Issue Shares to Specific Objects" (Zheng Jian Xu Xu [2021] No. 1349) issued by the China Securities Regulatory Commission, the company issued 17,648,348 A shares to specific objects at an issue price of 39.67 yuan per share, and the total amount of funds raised in this offering was 70,011.00 million yuan, and after deducting the issuance expenses (excluding tax) of 10.7473 million yuan, the net amount of funds raised was 68. 9.3626 million yuan. Grant Thornton Certified Public Accountants (Special General Partnership) verified the above-mentioned raised funds in place and issued the "Capital Verification Report" (Grant Thornton Verification Zi (2021) No. 110C000501).    

In 2022, Aerospace Hongtu will issue convertible corporate bonds to unspecified targets to raise funds. According to the Reply on Agreeing to the Registration of Aerospace Hongtu Information Technology Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Targets (Zheng Jian Xu Xu [2022] No. 2755) issued by the China Securities Regulatory Commission, the Company issued 10.088 million convertible bonds to unspecified objects, each with a face value of RMB 100, which was issued at face value. The total amount of funds raised in this offering is 100,880.00 yuan, deducting the issuance expenses of 17,425,800 yuan (excluding VAT), and the actual net amount of funds raised is 991,374,200 yuan. All of the above-mentioned funds have been raised. Grant Thornton Certified Public Accountants (Special General Partnership) verified the above-mentioned raised funds in place and issued the "Capital Verification Report" (Grant Thornton Verification Zi (2022) No. 110C000749).    

After calculation, Aerospace Hongtu raised a total of 2.425 billion yuan in its initial offering in 2019, the issuance of shares to specific targets in 2020, and the issuance of convertible corporate bonds to unspecified targets in 2022.    

On

May 23, 2023, Aerospace Hongtu disclosed the announcement on the implementation of equity distribution, the company's profit distribution and share capital conversion are based on the company's total share capital of 185,676,281 shares before the implementation of the plan, with a cash dividend of 0.13 yuan (tax included) per share, and a capital reserve of 0.4 shares per share to all shareholders, with a total cash dividend of 24,137,916.53 yuan, an increase of 74,270,512 shares, and a total share capital of 259,946,793 shares after this distribution.   

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