Zhi Tong Cai Jing·2025-08-28 18:47Core Points - The company reported a total revenue of approximately 32.25 million RMB for the first half of 2025, representing a year-on-year decrease of 68.64% [1][2] - The net loss attributable to shareholders was approximately 360.56 thousand RMB, a significant decline from a profit of 1.28 million RMB in the same period last year, marking a year-on-year change of -128.17% [1][2] - Basic and diluted earnings per share were both -0.0036 RMB, compared to 0.0127 RMB in the previous year [2] - The company's total assets as of June 30 amounted to 107.61 million RMB, with net assets of 18.64 million RMB [1] Revenue and Profit Analysis - The total revenue decreased by 70.59 million RMB compared to the previous year, reflecting a decline of 68.64% [2] - The total profit for the period was -567.04 thousand RMB, a decrease of 134.12% from a profit of 1.66 million RMB in the previous year [2] - Net cash flow from operating activities was -86.99 million RMB, down 137.37% from 232.78 million RMB in the same period last year [2] Accounting Changes - The revenue decrease was primarily due to changes in accounting practices as per the "Risk Management Company Commodity Risk Management Business Management Rules," which required certain trade-related businesses to recognize revenue using the net method [3] - Adjustments in accounting treatment for standard warehouse receipt transactions led to a change in revenue recognition, impacting the reported figures for the current period [3]