LANCY(SZ:002612) Cai Jing Wang·2025-08-28 13:24Core Insights - The company reported a total revenue of 2.79 billion yuan in the first half of 2025, representing a year-on-year decline of 4.30% [1] - The net profit attributable to shareholders increased by 64.09% to 274 million yuan, primarily due to the recognition of investment income from the disposal of part of its stake in Guangzhou Ruoyuchen Technology Co., Ltd. amounting to 161 million yuan [1] - The net profit excluding non-recurring items decreased by 2.70% to 136 million yuan, indicating challenges in the core business profitability [1] Financial Performance - Total assets at the end of the reporting period were 7.99 billion yuan, a slight decrease of 0.1% from the previous year [1] - Equity attributable to shareholders of the parent company was 2.86 billion yuan, down 1.0% from the previous year [1] Business Segment Analysis - The high-end women's clothing segment experienced a revenue decline due to fluctuations in the consumer market environment [1] - The medical beauty business maintained a high gross margin; however, the year-on-year decline in net profit excluding non-recurring items reflects ongoing challenges in the core business's profitability [1]