Core Viewpoint - The company, Xinshi Electric Vehicle New Materials (06128.HK), reported a decline in total revenue for the first half of 2025, primarily due to unfavorable market and economic conditions [1] Financial Performance - Total revenue decreased to approximately 76.8 million HKD, representing an 18% year-on-year decline [1] - Gross margin increased from approximately 32% in the same period of 2024 to about 36%, attributed to improved gross margin in the graphene segment [1] - Loss attributable to shareholders was approximately 24.6 million HKD, a significant reduction from a loss of 54.1 million HKD in the same period of 2024 [1]