Zhong Guo Jing Ji Wang·2025-10-18 06:36Core Viewpoint - Huichen Co., Ltd. reported a revenue increase of 14.79% in the first half of 2025, but continued to face net losses, indicating ongoing financial challenges despite revenue growth [1][2]. Financial Performance Summary - The company's operating revenue for the first half of 2025 was 202 million CNY, up from 176 million CNY in the same period last year, reflecting a growth of 14.79% [1][2]. - The net profit attributable to shareholders was -32.03 million CNY, an improvement from -36.03 million CNY in the previous year [1][2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -34.38 million CNY, compared to -41.16 million CNY in the same period last year [1][2]. - The net cash flow from operating activities was -9.05 million CNY, showing a significant improvement from -47.27 million CNY in the previous year [1][2]. Asset and Equity Summary - As of the end of the reporting period, the net assets attributable to shareholders were 713.77 million CNY, down 3.73% from the previous year-end [2]. - Total assets decreased by 5.12% to 990.39 million CNY compared to the end of the previous year [2]. Historical Performance Overview - The net profit attributable to shareholders for Huichen Co., Ltd. over the past four years has shown a trend of increasing losses, with figures of 16.49 million CNY in 2020, -29.30 million CNY in 2021, -86.67 million CNY in 2022, and -170 million CNY in 2023 [3]. - The company has faced challenges in profitability, with net losses after deducting non-recurring items also increasing over the years [3]. IPO and Fundraising Information - Huichen Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 16, 2020, with an initial public offering of 18.57 million shares at a price of 34.21 CNY per share [3]. - The total funds raised amounted to 635.23 million CNY, with a net amount of 560.40 million CNY after expenses [3].