Zhong Guo Jing Ji Wang·2025-09-19 06:12Core Viewpoint - Hualan Group reported a revenue increase of 6.21% in the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite revenue growth [1][2]. Financial Performance - The company achieved an operating revenue of 206.17 million yuan in H1 2025, up from 194.12 million yuan in the same period last year, reflecting a growth of 6.21% [2]. - The net profit attributable to shareholders was -17.93 million yuan, an improvement from -20.66 million yuan year-on-year, marking a reduction in losses by 13.18% [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -20.73 million yuan, compared to -22.65 million yuan in the previous year, showing an 8.44% improvement [2]. - The net cash flow from operating activities was -62.40 million yuan, worsening from -41.47 million yuan year-on-year, indicating a decline of 50.46% [2]. Historical Context - In 2024, the company reported a revenue of 605 million yuan, which was a decrease of 13.67% compared to the previous year [2]. - The net profit attributable to shareholders in 2024 was -13.80 million yuan, a significant decline from a profit of 19.77 million yuan in the prior year [2]. - The net cash flow from operating activities in 2024 was 73.64 million yuan, reflecting a substantial increase of 143.60% year-on-year [2]. Company Background - Hualan Group was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on July 15, 2021, with an issuance of 36.80 million shares, accounting for 25.03% of the total share capital post-issuance [3]. - The initial offering price was 11.45 yuan per share, and the total funds raised amounted to 421 million yuan, with a net amount of 368 million yuan after deducting issuance costs [3]. - The company planned to use the raised funds for various projects, including the construction of a design service network, an information platform, a technology research center, and to supplement working capital [3].