Core Insights - Joyy Technology (喜悦智行) reported a revenue of 213 million yuan for the first half of 2025, marking a year-on-year increase of 23.42% [1] - The company experienced a net loss attributable to shareholders of 6.76 million yuan, compared to a profit of 9.39 million yuan in the same period last year [1] - For 2024, the company reported a revenue of 366 million yuan, a decline of 9.14% year-on-year, with a net loss of 11.84 million yuan compared to a profit of 36.12 million yuan in the previous year [1] Financial Performance - In the first half of 2025, the net cash flow from operating activities was -47.48 million yuan, worsening from -3.84 million yuan in the same period last year [1] - For 2024, the net cash flow from operating activities improved significantly to 94.63 million yuan, a year-on-year increase of 1,034.32% [1] IPO and Fundraising - Joyy Technology went public on December 2, 2021, with an initial public offering (IPO) of 25 million shares at a price of 21.76 yuan per share [1] - The total funds raised from the IPO amounted to 544 million yuan, with a net amount of 484 million yuan after deducting issuance costs [2] - The company planned to use the raised funds for projects including the construction of a green circular packaging facility and a research and development center [2] Dividend Distribution - For the 2022 fiscal year, the company announced a cash dividend of 2.00 yuan per 10 shares, totaling 26 million yuan, along with a capital reserve conversion of 3 shares for every 10 shares held, increasing the total share capital to 169 million shares [2] - In 2021, the company distributed a cash dividend of 3.00 yuan per 10 shares, totaling 30 million yuan, and also converted 3 shares for every 10 shares held, raising the total share capital to 130 million shares [3]