NLT(SZ:300778) Zhong Guo Jing Ji Wang·2025-09-19 03:37Core Viewpoint - New City (300778.SZ) reported a significant decline in revenue and net profit for the first half of 2025, indicating ongoing financial challenges for the company [1][2]. Financial Performance Summary - In the first half of 2025, the company achieved operating revenue of 70.92 million yuan, a year-on-year decrease of 39.73% compared to 117.67 million yuan in the same period last year [1][2]. - The net profit attributable to shareholders was -12.26 million yuan, improving from a loss of 112.92 million yuan in the previous year, marking an 89.15% reduction in losses [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -31.01 million yuan, a significant decline from a profit of 3.31 million yuan in the same period last year, representing a decrease of 1,035.64% [1][2]. - The net cash flow from operating activities was -22.37 million yuan, an improvement from -27.43 million yuan in the previous year, showing an 18.42% increase in cash flow [1][2]. Previous Year Comparison - In 2024, the company reported operating revenue of 199.37 million yuan, down 31.79% from 292.30 million yuan in 2023 [3]. - The net profit attributable to shareholders for 2024 was -164.67 million yuan, worsening from a loss of 52.36 million yuan in 2023, indicating a 214.48% increase in losses [3]. - The net profit after deducting non-recurring gains and losses for 2024 was -71.02 million yuan, a decline from a profit of 11.54 million yuan in 2023, reflecting a decrease of 715.37% [3]. - The net cash flow from operating activities in 2024 was 9.15 million yuan, a significant increase from 174.27 thousand yuan in 2023, representing a 5,150.69% rise [3]. Fundraising and Financial Activities - New City raised a total of 546.60 million yuan through public offerings, with a net amount of 479.66 million yuan allocated for various projects including design platform construction and innovation development [4]. - The company issued 460,000 convertible bonds with a total fundraising amount of 46 million yuan, netting 45 million yuan after deducting various fees [5]. - The total fundraising from both rounds amounted to 1.007 billion yuan [6]. Dividend Distribution - The company has a history of dividend distributions, including cash dividends and stock bonuses, with the most recent distribution being 2.50 yuan per 10 shares in 2022 [6].