希荻微: 希荻微2025年半年度报告摘要

Core Viewpoint - The report highlights the financial performance of Halo Microelectronics Group Co., Ltd. for the first half of 2025, indicating significant revenue growth but continued net losses, alongside ongoing governance issues with its subsidiary Zinitix [1][3][8]. Financial Performance - Total assets at the end of the reporting period were approximately 1.805 billion yuan, a slight decrease of 0.29% from the previous year [2]. - Operating revenue reached approximately 466.45 million yuan, representing a substantial increase of 102.73% compared to the same period last year [3]. - The total profit for the period was a loss of approximately 59.64 million yuan, an improvement from a loss of about 116.77 million yuan in the previous year [3]. - The net profit attributable to shareholders was approximately -44.69 million yuan, also an improvement from -117.54 million yuan year-on-year [3]. - The net cash flow from operating activities was -66.57 million yuan, showing a reduction in losses compared to -86.85 million yuan in the previous year [5]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 14,232 [6]. - The largest shareholder, Dai Zuyu, held 22.86% of the shares, followed by Tang Ya with 14.35% [6]. - Following the passing of Dai Zuyu, his shares were inherited by Tao Hai, who, along with Tang Ya, signed a new concerted action agreement on August 25, 2025 [6]. Governance Issues - The company is facing challenges with its subsidiary Zinitix, where the current board of directors is accused of misconduct, leading to a delay in the board's re-election [8]. - As of June 30, 2025, the company remains the largest shareholder of Zinitix, holding 34.44% of the shares, which provides it with veto power over special resolutions [7]. - There is a risk that if control over Zinitix is lost, it will no longer be included in the consolidated financial statements, potentially leading to significant adverse effects on the company's financial reports for 2025 [8].