Financial Overview - The total assets of the company at the end of the first half of 2025 amounted to CNY 2,375,886,103.33, a decrease from CNY 2,421,098,165.88 at the beginning of the period, reflecting a decline of approximately 1.87% [1][2] - Total liabilities decreased to CNY 233,869,980.58 from CNY 272,157,264.81, indicating a reduction of about 13.99% [2][4] - The total equity attributable to the owners of the parent company was CNY 2,142,016,122.75, slightly down from CNY 2,148,940,901.07, a decrease of approximately 0.32% [2][4] Income Statement Highlights - The total operating revenue for the first half of 2025 was CNY 430,168,327.97, down from CNY 470,836,407.25 in the same period of 2024, representing a decline of about 8.6% [4][5] - Total operating costs were CNY 413,636,805.42, which is relatively stable compared to CNY 414,835,184.58 in the previous year [4][5] - The net profit for the first half of 2025 was CNY 44,528,465.79, a decrease from CNY 64,898,315.56 in the same period of 2024, indicating a decline of approximately 31.3% [5][6] Cash Flow Analysis - The net cash flow from operating activities was CNY 33,967,708.96, a significant improvement compared to a negative cash flow of CNY -5,976,873.63 in the first half of 2024 [7][8] - Cash flow from investing activities showed a net outflow of CNY -24,937,697.14, compared to a positive inflow of CNY 55,374,091.76 in the previous year [7][8] - The net cash flow from financing activities was CNY -52,426,002.76, a decrease from CNY 127,812,777.36 in the same period of 2024 [7][8] Balance Sheet Details - Current assets totaled CNY 1,824,201,522.77, down from CNY 1,942,275,157.70 at the beginning of the period, reflecting a decrease of approximately 6.09% [1][2] - Non-current assets increased to CNY 551,684,580.56 from CNY 478,823,008.18, indicating a growth of about 15.2% [1][2] - The company's cash and cash equivalents at the end of the period were CNY 558,124,064.58, compared to CNY 284,790,406.19 at the end of the previous year, showing a significant increase [7][8]