Yuancheng(SH:603388) Ge Long Hui A P P·2025-08-30 16:50Core Viewpoint - *ST Yuan Cheng (603388.SH) reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to adverse macroeconomic conditions affecting the industry and increased market competition [1] Group 1: Financial Performance - The company achieved operating revenue of 82.34 million yuan in the first half of 2025 [1] - The net profit attributable to shareholders was -126.80 million yuan, indicating a substantial loss [1] Group 2: Reasons for Performance Decline - The industry faced significant impacts from macroeconomic downturns, leading to reduced investment from key clients and intensified competition, resulting in a notable decrease in new orders and slow progress on existing orders [1] - Key clients experienced challenges in raising construction funds, which pressured their payment capabilities, causing delays in accounts receivable collections and further contributing to the decline in revenue and profit [1] - The transfer of equity in Silicon Valley Electronics and increased provisions for credit impairment losses also negatively impacted net profit during the reporting period [1]