Recently, Jinbo shares disclosed the first quarter report of 2024. The company achieved revenue of 202 million yuan in the first quarter of 2024, a year-on-year decrease of 33.09%; The loss was 55 million yuan, a loss for two consecutive quarters.
Jinbo shares were listed on the Science and Technology Innovation Board in May 2020, and have raised more than 4.6 billion yuan through IPOs, convertible bonds, and private placements so far.
Bread Finance analysis found that the directors, supervisors, senior executives and core technical personnel of Jinbo Co., Ltd. have continued to reduce their holdings of the company's shares since September 2021, with a total of 1.0836 million shares, with a total reduction amount of more than 162 million yuan.
Revenue fell by more than 30% in the first quarter, losing money for two consecutive quarters
Jinbo Co., Ltd. is mainly engaged in the research and development, production and sales of advanced carbon matrix composite materials and products, and is a high-tech enterprise with independent research and development capabilities and continuous innovation capabilities.
Jinbo is one of the 50 constituent stocks of the CSI Photovoltaic Industry Index.
In 2023, Jinbo will achieve revenue of 1.072 billion yuan, a year-on-year decrease of 26.11%; The net profit attributable to the parent company was 202 million yuan, a year-on-year decrease of 63.27%.
In the first quarter of 2024, Jinbo Co., Ltd. achieved revenue of 202 million yuan, a year-on-year decrease of 33.09%; The loss was 55 million yuan, a loss for two consecutive quarters. The company said that the decline in operating income and net profit attributable to the parent company was mainly due to the reduction of product sales prices.
Since its listing, it has raised more than 4.6 billion yuan
Jinbo shares were listed on the Science and Technology Innovation Board in May 2020, raising 944 million yuan in the initial offering. Subsequently, the company raised a total of more than 3.7 billion yuan through convertible bonds and private placements.
The most recent fundraising took place in 2022, and Jinbo raised 3.103 billion yuan through a private placement, which was used for the high-purity large-size advanced carbon-based composite material capacity expansion project, the construction project of Jinbo Research Institute and the supplementary working capital project.
Directors, supervisors and senior executives have continued to sell, and the stock price has fallen in recent years
The listing price of Jinbo shares is 47.2 yuan per share, and after listing, benefiting from the steady growth of performance, the company's stock price volatility has risen, reaching a high point in August 2021. Subsequently, since August 2022, the company's stock price has been declining.
The analysis found that the company's directors, supervisors, senior executives and core technical personnel continued to reduce their holdings of Jinbo shares.
Since September 2021, the company's directors, supervisors, senior executives and core technical personnel have reduced their holdings by a total of 1.0836 million shares, with a reduction amount of more than 162 million yuan.
(Article Serial Number: 1788855989081083904)
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