Zhong Guo Jing Ji Wang·2025-10-19 08:35Core Points - Zhuojin Co., Ltd. (688701.SH) reported a significant decline in revenue and continued net losses for the first half of 2025, with operating income of 41.35 million yuan, down 64.96% year-on-year, and a net profit attributable to shareholders of -18.92 million yuan, compared to -23.57 million yuan in the same period last year [1][2][3] Financial Performance Summary - Operating Income: 41.35 million yuan in H1 2025, a decrease of 64.96% from 118 million yuan in H1 2024 [1][2] - Net Profit: Net profit attributable to shareholders was -18.92 million yuan in H1 2025, an improvement from -23.57 million yuan in H1 2024 [1][2] - Cash Flow: The net cash flow from operating activities was 11.62 million yuan in H1 2025, a significant increase from -7.02 million yuan in H1 2024, marking a 265.43% change [1][2] - Annual Performance: For the full year 2024, the company reported an operating income of 242.49 million yuan, down 30.08% from 346.83 million yuan in 2023, with a net profit of -82.20 million yuan [3] - Cumulative Losses: The company has reported net losses for three consecutive years, with figures of -93.87 million yuan, -121 million yuan, and -82.20 million yuan for the years 2022, 2023, and 2024 respectively [3] Initial Public Offering (IPO) Details - Zhuojin Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 16, 2021, with an initial public offering of 33.57 million shares at a price of 7.48 yuan per share [4] - The total funds raised during the IPO amounted to 251 million yuan, with a net amount of 201 million yuan after deducting issuance costs, which was 119 million yuan less than originally planned [4][5]