ABT Networks(SH:688168) Zhong Guo Jing Ji Wang·2025-09-18 07:57Core Viewpoint - Anbotong (688168.SH) reported significant revenue growth in the first half of 2025, but continued to face net losses and negative cash flow from operating activities [1][2]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 429 million RMB, representing a year-on-year increase of 123.98% compared to 191 million RMB in the same period last year [2]. - The net profit attributable to shareholders was -109 million RMB, and the net profit after deducting non-recurring gains and losses was -110 million RMB [1][2]. - The net cash flow from operating activities was -206 million RMB, indicating a decline from -181 million RMB in the previous year [2]. Previous Year Comparison - In 2024, the company reported an operating revenue of 737 million RMB, which was a 34.4% increase from the previous year [3]. - The net profit attributable to shareholders in 2024 was -119 million RMB, and the net profit after deducting non-recurring gains and losses was -122 million RMB [3]. - The net cash flow from operating activities in 2024 was 157 million RMB, showing a significant increase of 224% compared to the previous year [2][3]. Initial Public Offering (IPO) Details - Anbotong was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 6, 2019, with an issuance of 12.8 million shares at a price of 56.88 RMB per share [4]. - The total amount raised from the IPO was approximately 727.8 million RMB, with a net amount of about 670.5 million RMB after deducting issuance costs [4]. - The funds raised were intended for projects related to network security system upgrades, security visualization platform development, and the establishment of a security application research center [4].