Core Viewpoint - Zhongke Tongda (688038.SH) reported a significant decline in revenue and net profit for the first half of 2025, indicating ongoing financial challenges for the company [1] Financial Performance - The company achieved operating revenue of 82.88 million yuan, a year-on-year decrease of 51.96% [1] - The net profit attributable to shareholders was -849,800 yuan, a year-on-year decrease of 112.14% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -1.98 million yuan, a year-on-year decrease of 130.87% [1] - The net cash flow from operating activities was 29.49 million yuan, compared to -48.58 million yuan in the same period last year [1] Historical Financial Data - The net profit attributable to shareholders for the years 2022, 2023, and 2024 were -8.44 million yuan, -103 million yuan, and -18.10 million yuan respectively [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the same years were -19.33 million yuan, -108 million yuan, and -19.69 million yuan respectively [1] IPO and Fundraising - Zhongke Tongda was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 13, 2021, with an issuance of 29.09 million shares at a price of 8.60 yuan per share [1] - The total amount raised during the IPO was 250 million yuan, with a net amount of 199 million yuan after deducting issuance costs, which was 181 million yuan less than the original plan of 380 million yuan [2] - The total issuance costs amounted to 51.19 million yuan, with Haitong Securities receiving 32.47 million yuan as underwriting fees [2]