WPG(SH:603956) Zhong Guo Jing Ji Wang·2025-07-22 08:16Core Viewpoint - The company Weipai Ge (603956.SH) has projected a significant decline in its financial performance for the first half of 2025, with expected net losses and a continued downward trend in revenue and profitability for 2024 [1][2]. Financial Performance Summary - For the first half of 2025, the company anticipates a net profit attributable to shareholders of approximately -79.61 million yuan and a net profit of about -90.40 million yuan after excluding non-recurring gains and losses [1]. - In 2024, the company reported total operating revenue of 1.24 billion yuan, a year-on-year decrease of 12.51%, and a net loss attributable to shareholders of -211.95 million yuan, compared to a profit of 23.34 million yuan in the previous year [2]. - The net cash flow from operating activities for 2024 was -162.90 million yuan, a significant decline from a positive cash flow of 24.96 million yuan in 2023 [2]. Capital Raising Activities - The company has raised a total of 1.633 billion yuan through three rounds of fundraising, including an initial public offering and subsequent private placements [5]. - The initial public offering raised 242.80 million yuan, with a net amount of 204.20 million yuan allocated for upgrading the technology center and marketing network [3]. - A non-public offering in 2021 raised approximately 969.90 million yuan, with a net amount of 959.04 million yuan after deducting issuance costs [4].