长鸿高科：上半年净利润167.66万元，同比下降98.26%

Core Viewpoint - Longhong High-Tech (605008) reported a significant decline in net profit despite a revenue increase, indicating operational challenges and market conditions affecting performance [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.843 billion yuan, representing a year-on-year growth of 16.25% [1] - The net profit attributable to shareholders was 1.6766 million yuan, showing a substantial year-on-year decrease of 98.26% [1] - Basic earnings per share were reported at 0.0026 yuan [1] Operational Challenges - The decline in net profit was primarily due to two factors: 1. Phase-out production impact from a technical upgrade of the PBT facility in the first quarter of 2025, which led to prolonged downtime and affected output [1] 2. Temporary insufficient market demand, resulting in a larger decrease in product sales prices compared to raw material price declines, leading to a drop in gross margin [1]