“我们不是炒股”，华胜天成上半年同比扭亏，公司人士回应

Core Viewpoint - Huasheng Tiancheng reported a revenue of 2.262 billion yuan for the first half of 2025, marking a year-on-year increase of 5.11%, and a net profit attributable to shareholders of 140 million yuan, reversing previous losses [1] Financial Performance - The company's fair value change income significantly improved from -151 million yuan in the same period last year to 271 million yuan, primarily due to the increase in the stock price of its trading financial asset, Tailin Micro [1] - The net cash flow from operating activities turned negative at -193 million yuan, compared to a positive 184 million yuan in the previous year, attributed to an increase in prepaid procurement [3] - Prepaid accounts increased by 53.84% year-on-year to 702 million yuan [3] - Short-term borrowings rose by 43.94% to 1.244 billion yuan, up from 864 million yuan at the beginning of the year, as the company increased loans to support business [3] - Accounts receivable increased by approximately 11.3% to 675 million yuan, which is more than double the revenue growth rate [3] Investment Activities - The company achieved investment income of 238 million yuan, mainly from direct and indirect holdings in Tailin Micro stocks, with investment returns of 94.31 million yuan during the reporting period [5] - The stock price of Huasheng Tiancheng increased by 139.01% since August, making it a focal point in the A-share market [5] Company Statements - The company clarified that the reported losses were due to low gross margins in some business areas and higher operational costs over its 20 years of operation [7] - The company refuted claims of "stock speculation," stating that the investment in Tailin Micro was made prior to its IPO, and the fair value changes reported were based on book value [8]