Trading below its issue price and continuously loss-making stocks—Loput plans to sell its repurchased shares. The company raised 900 million yuan, reaching its peak immediately after listing.

China Economic Net, Beijing, March 31—Ropert (688619.SH) issued an announcement on March 28 regarding a plan to sell its repurchased shares by means of centralized bidding transactions.

From May 22, 2023 to August 16, 2023, Ropert cumulatively repurchased 2,717,970 shares of the company.

The shares repurchased under this plan will be sold by means of centralized bidding transactions after twelve months from the disclosure of the repurchase implementation results and the announcement on changes in shares, and the sale will be completed within 36 months after the announcement on the repurchase implementation results and changes in shares is published. If the company is unable to complete the sale within the aforementioned time limit, the shares that have not been sold will go through the relevant procedures to be canceled.

After deliberation and approval at the 14th meeting of the third session of the board of directors, the company plans to, from 15 trading days after the announcement is published through August 16, 2026, sell no more than 2,717,970 repurchased shares (accounting for 1.47% of the company’s latest total share capital) by means of centralized bidding transactions. The proceeds will be used for the development of the company’s main businesses.

On March 27, Ropert closed at 14.86 yuan. If the sale of the repurchased shares completed, the proceeds are expected to be no more than 40.3890 million yuan.

The company’s 2025 annual performance express report shows that Ropert’s total operating revenue in 2025 was 154.5613 million yuan; the net profit attributable to owners of the parent company was -222.4647 million yuan; and the net profit attributable to owners of the parent company after deducting non-recurring gains and losses was -227.8659 million yuan.

In 2024, the company achieved operating revenue of 143 million yuan, down 68.35% year over year; achieved net profit attributable to the parent company of -193 million yuan; achieved net profit after deducting non-recurring gains and losses of -204 million yuan; and net cash flow from operating activities of -61.1499 million yuan.

In 2023, the company achieved operating revenue of 448 million yuan, up 164.69% year over year; net profit attributable to the parent company was -47.8915 million yuan, compared with -140 million yuan in the same period of the previous year; net profit after deducting non-recurring gains and losses was -48.8149 million yuan, compared with -156 million yuan in the same period of the previous year; and net cash flow from operating activities was -41.3390 million yuan, compared with -314 million yuan in the same period of the previous year.

On February 23, 2021, Ropert was listed on the SSE STAR Market. The company issued 46.83 million newly issued shares in a public offering, with an issue price of 19.31 yuan per share.

On the first trading day, Ropert hit a intraday stock price high of 42.22 yuan; thereafter, the stock price has been moving lower with fluctuations. At present, the stock is trading below its issue price.

Ropert raised a total amount of 904 million yuan, and the net proceeds from the fundraising were 819 million yuan. Ropert’s actual net amount raised exceeded its original intended amount by 145 million yuan. The prospectus disclosed by Ropert on February 10, 2021 shows that the company originally intended to raise 674 million yuan, to be used for the “Xiamen R&D center construction project,” the “market expansion and maintenance service outlet construction project,” and the “supplementing working capital project,” respectively.

Ropert’s sponsor institution (lead underwriter) is Guojin Securities, and the sponsor representatives are Wang Xuelin and Ruan Renqun. The total issuance fees for Ropert’s first public offering of new shares were 85.5003 million yuan (excluding value-added tax), of which Guojin Securities received 68.2481 million yuan in underwriting and sponsorship fees.

The proportion of participation by Guojin Innovation Investment Co., Ltd. in this strategic placement was 4.42%, with a strategic placement quantity of 2.071465 million shares. The lock-up period for the shares obtained by Guojin Innovation Investment Co., Ltd. in this follow-on investment is 24 months. The lock-up period begins from the date the shares from this public offering are listed on the SSE.

(Responsible editor: Xu Zili)

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