Novosense(688052) 搜狐财经·2025-03-28 13:14Core Viewpoint - Naxin Micro, a high-tech company focused on automotive-grade signal chain chip development, is facing significant financial challenges despite its impressive market performance and global expansion efforts [2][4][5]. Group 1: Company Overview - Naxin Micro is dedicated to providing core chip solutions for the deep integration of the real world and digital systems, covering semiconductor devices, integrated circuits, and sensor sales [2]. - The company has expanded its business to include full-chain technology development services for electronic products and is also venturing into computer software and system integration [2]. Group 2: Financial Performance - In 2023, Naxin Micro reported a revenue of 1.311 billion yuan, a year-on-year decline of 21.52%, marking its first loss since going public [6]. - The net profit and net profit excluding non-recurring items were losses of 305 million yuan and 393 million yuan, respectively, with year-on-year declines of 221.85% and 332.08% [6]. - For 2024, the company expects a revenue of 1.961 billion yuan, a year-on-year increase of 49.56%, but still anticipates a net loss of 403 million yuan, an increase in loss of 31.97% [6]. Group 3: Strategic Initiatives - Naxin Micro has faced two consecutive years of losses, accumulating a total loss of 708 million yuan [7]. - The company is seeking to break through its current financing framework through an H-share issuance plan, aiming to connect with international capital markets to optimize its capital structure and enhance global resource allocation capabilities [7]. - Despite having a clear capital strategy, the company faces uncertainties from intense market competition and macroeconomic conditions, raising questions about its ability to reverse its performance through the Hong Kong listing [7].