Core Viewpoint - Jiangsu HOB Biotech Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, attributed to market conditions and increased operational costs [4][6][9] Company Overview - Jiangsu HOB Biotech Co., Ltd. specializes in the research, development, production, and sales of in vitro diagnostic reagents, focusing on allergy and autoimmune disease detection [9][10] - The company was established in 2009 and has developed a comprehensive product portfolio for clinical auxiliary diagnosis [9] Financial Performance - Revenue for the first half of 2025 was CNY 189.66 million, a decrease of 6.48% compared to the same period in 2024 [4][6] - Total profit for the period was CNY 12.28 million, down 46.65% year-on-year [4][6] - Net profit attributable to shareholders was CNY 12.17 million, a decline of 39.10% compared to the previous year [4][6] - The net cash flow from operating activities was CNY 23.27 million, down 45.32% from the previous year [4][6] Industry Context - The in vitro diagnostic (IVD) industry is experiencing rapid growth, driven by increasing healthcare investments and rising public health awareness [8][9] - The global IVD market was valued at USD 106.3 billion in 2023, with immunodiagnostics and biochemical diagnostics being significant segments [8] - The domestic IVD market in China is expanding, with a reported growth from CNY 45 billion in 2016 to CNY 146 billion in 2022 [8] Product Portfolio - The company offers a range of products for allergy and autoimmune disease testing, utilizing various diagnostic technologies such as enzyme-linked immunosorbent assay (ELISA) and chemiluminescence [10] - Key product brands include "Ouboke" for allergy testing and "Naboke" for chemiluminescence assays, covering a wide array of allergens and autoimmune markers [10]