Core Viewpoint - Hualu Green Biological Company (华绿生物) reported a mixed financial performance for the first half of 2025, with revenue growth but continued net losses [1][2]. Financial Performance Summary - The company achieved operating revenue of 499.54 million yuan in the first half of 2025, representing a year-on-year increase of 7.78% compared to 462.53 million yuan in the same period last year [1][2]. - The net profit attributable to shareholders was -53.69 million yuan, worsening from -44.82 million yuan in the previous year, indicating a decline of 19.79% [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -54.21 million yuan, also a decline from -45.84 million yuan, reflecting an 18.25% decrease [1][2]. - The net cash flow from operating activities was 47.34 million yuan, showing a growth of 13.64% compared to 41.66 million yuan in the same period last year [1][2]. Previous Year Comparison - In 2024, the company reported operating revenue of 1.03 billion yuan, a 3.60% increase from 996.22 million yuan in 2023 [3]. - The net profit attributable to shareholders for 2024 was -47.57 million yuan, a significant decrease of 256.73% from a profit of 30.35 million yuan in 2023 [3]. - The net profit after deducting non-recurring gains and losses was -48.48 million yuan, down 227.40% from 38.06 million yuan in 2023 [3]. - The net cash flow from operating activities in 2024 was 137.80 million yuan, a decrease of 17.32% from 166.67 million yuan in 2023 [3]. Fundraising and Stock Performance - The total amount raised by Hualu Green Biological was 653.19 million yuan, with a net amount of 596.11 million yuan after deducting issuance costs [4]. - The company initially planned to raise 727.53 million yuan for various projects, including technology upgrades and production expansion [4]. - The stock was listed on the Shenzhen Stock Exchange on April 12, 2021, with an initial public offering price of 44.77 yuan per share, reaching a peak of 100 yuan on the first trading day, but has since experienced a decline [3][4].