Core Viewpoint - The company Xin Yichang (688383) reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to the impact of international trade policies on its downstream customer base and a reduction in smart equipment orders [1] Financial Performance - The company achieved a revenue of 402 million yuan in the first half of 2025, representing a year-on-year decrease of 28.30% [1] - The net profit attributable to shareholders was 2.6157 million yuan, reflecting a year-on-year decline of 96.05% [1] - The basic earnings per share stood at 0.03 yuan [1] Market Conditions - The decline in performance is attributed to the adverse effects of international trade policies, which have influenced the international business strategies and investment willingness of downstream clients [1] - A decrease in orders for smart equipment has further contributed to the reduction in revenue [1]

Core Insights - The company Xin Yi Chang (688383.SH) reported a significant decline in revenue and net profit for the first half of 2025, indicating challenges in its business operations [1] Financial Performance - The company's operating revenue for the first half of 2025 was 402 million yuan, representing a year-on-year decrease of 28.30% [1] - The net profit attributable to shareholders was 2.6157 million yuan, down 96.05% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 2.4588 million yuan, also down 96.02% year-on-year [1] - Basic earnings per share were reported at 0.03 yuan [1] Profitability Analysis - The total profit for the company was 7.6779 million yuan, reflecting a year-on-year decrease of 89.54% [1] - The significant drop in profits is attributed to the impact of international trade policies on the downstream customer base, affecting international business layout and equipment investment willingness [1] - A reduction in smart equipment orders has led to decreased revenue [1]