Core Points - The company, 深水规院, reported a significant decline in revenue and net profit for the first half of 2025, with revenue at 327 million yuan, down 16.84% year-on-year [1] - The net profit attributable to shareholders was -6.17 million yuan, compared to a profit of 45.29 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses was -8.75 million yuan, down from 45.80 million yuan year-on-year [1] - The net cash flow from operating activities was -154 million yuan, compared to -41.54 million yuan in the previous year [1] Company Background - 深水规院 was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on August 4, 2021, with an initial public offering of 33 million shares at a price of 6.68 yuan per share [1] - The total amount raised from the IPO was 220 million yuan, with a net amount of 175 million yuan, which was 276 million yuan less than the original plan [1] - The company intended to raise 451 million yuan for various projects, including headquarters construction and a smart water management technology research center [1] - The total issuance costs (excluding VAT) for the IPO were 45.65 million yuan, with underwriting and sponsorship fees amounting to 26.42 million yuan [1]