GENVICT(SZ:002869) Zheng Quan Shi Bao Wang·2025-08-26 03:29Core Viewpoint - The company, Jin Yi Technology, reported a decline in revenue for the first half of 2025, but it continues to invest in research and development, indicating confidence in future growth [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 202.92 million yuan, a year-on-year decrease of 11.01% [1]. - The company did not achieve profitability during this period due to significant price declines in some products and reduced income from financial products [1]. - Research and development investment increased by 13% to 31.58 million yuan, demonstrating the company's commitment to long-term growth despite current challenges [1]. Capital Raising and Control - On August 22, the company announced a plan to issue up to 53.67 million shares to its controlling shareholder, Mr. Luo Ruifa, and his controlled entity, Huari Teng Technology, raising up to 1 billion yuan [1][2]. - Following the issuance, the controlling shareholder's stake will increase to 39.17%, further consolidating control over the company [1]. Strategic Initiatives - The raised funds will be used to supplement working capital, providing strong financial support for future business development and market position stabilization [2]. - The company aims to explore investment and acquisition opportunities to enhance its industry chain and cultivate new profit growth points [3]. Industry Context - The chairman highlighted the importance of integrated vehicle-road-cloud systems in reshaping the transportation industry, with investments in vehicle-road collaboration exceeding 80 billion yuan in 2024 [2]. - The company is positioned within the digital transportation and integrated energy sectors, collaborating with various stakeholders, including traditional and new energy vehicle manufacturers [3]. - The ongoing digital transformation in the transportation sector is supported by national strategies and policies, driving sustained high growth in the smart transportation industry [2].