Wondux(SH:688178) Zhong Guo Jing Ji Wang·2025-09-10 06:00Core Viewpoint - The company, Wanders (688178.SH), reported a significant decline in revenue and increased losses for the first half of 2025 compared to the same period last year [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 207.37 million yuan, a decrease of 22.66% year-on-year [2]. - The net profit attributable to shareholders was -28.44 million yuan, compared to -4.31 million yuan in the same period last year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -31.70 million yuan, worsening from -6.30 million yuan year-on-year [2]. - The net cash flow from operating activities was 75.25 million yuan, showing a slight increase of 3.06% compared to the previous year [2]. Historical Performance - The company has reported losses for two consecutive years, with revenues of 809.7 million yuan in 2023 and 621.6 million yuan in 2024, and net profits of -86.63 million yuan and -74.21 million yuan respectively [2][3]. - The total revenue for 2024 decreased by 23.24% compared to 2023 [3]. Shareholder and Control Changes - The company’s controlling shareholder, Nanjing Wanders Investment Co., Ltd., holds 28.88% of the total shares [5]. - A recent announcement indicated a potential change in actual control, with the current controller, Liu Jun, set to be replaced by no actual controller after a share transfer agreement [6].