西上海：二股东减持金额近2700万，半年报现增收不增利

Core Viewpoint - The company, Xishanghai, has experienced significant revenue growth in the first half of 2025, but its net profit has drastically declined due to various industry pressures and financial asset losses [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 830 million yuan, representing a year-on-year increase of 30.10% [1] - The revenue growth is attributed to the consolidation of Wuhan Yuanfeng in April 2024 and Yuyiao Gaoge Auto Parts Co., Ltd. in January 2025, as well as an increase in the automotive trim business [1] - The net profit attributable to shareholders was -7.09 million yuan, a significant year-on-year decline of 116.08% [1] Factors Affecting Profitability - The decline in net profit is primarily due to ongoing "price wars" in the automotive industry, which have increased cost pressures and compressed profit margins [1] - The company experienced a decrease in fair value gains from trading financial assets, alongside a recorded loss of 7.21 million yuan from private equity fund fair value changes [1] Shareholder Activity - The second-largest shareholder, Shanghai Huijia Venture Capital Co., Ltd., reduced its stake by 1% (1.3455 million shares) between September 9 and September 17, 2025, amounting to approximately 27.38 million yuan [1] - Following this reduction, Huijia Venture Capital's shareholding decreased to 14.4681 million shares [1]