Zhong Guo Jing Ji Wang·2025-09-13 01:05Core Viewpoint - *ST Shengxun reported a significant increase in revenue for the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite revenue growth [1][2]. Financial Performance Summary - For the first half of 2025, the company achieved operating revenue of 72.75 million yuan, representing a year-on-year increase of 27.51% compared to 57.06 million yuan in the same period last year [1][2]. - The net profit attributable to shareholders was -10.24 million yuan, an improvement of 58.50% from -24.67 million yuan in the previous year [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -11.42 million yuan, showing a 55.26% improvement from -25.53 million yuan year-on-year [1][2]. - The net cash flow from operating activities was -39.58 million yuan, which is a 10.52% improvement from -44.24 million yuan in the same period last year [1][2]. Previous Year Comparison - In 2024, the company reported operating revenue of 301.74 million yuan, a year-on-year increase of 7.85% from 279.78 million yuan in 2023 [3]. - The net profit attributable to shareholders for 2024 was -51.20 million yuan, a significant decline compared to a profit of 25.07 million yuan in 2023, marking a -304.23% change [3]. - The net profit after deducting non-recurring gains and losses was -55.25 million yuan, a drastic decrease from a profit of 20.72 million yuan in 2023, reflecting a -366.69% change [3]. - The net cash flow from operating activities in 2024 was -55.69 million yuan, worsening from -1.23 million yuan in 2023 [3]. Fundraising and Financial Structure - The company raised a total of 415 million yuan through its initial public offering, with a net amount of 378 million yuan after expenses [4]. - The funds were allocated for operational service center and marketing network construction, research and development center upgrades, and working capital supplementation [4]. - The total issuance costs amounted to 36.44 million yuan, with the underwriting and sponsorship fees for the lead underwriter, Western Securities, being 21.19 million yuan [4]. - In December 2022, the company issued 2.80 million convertible bonds, raising a total of 280 million yuan, with the lead underwriter being China Post Securities [4].