Core Viewpoint - Shenyang Chemical Co., Ltd. reported its unaudited financial results for the first half of 2025, showing an increase in total assets and a slight rise in net profit compared to the same period in 2024. Financial Statements Balance Sheet - Total assets increased to CNY 5,352,688,801.57 from CNY 4,956,036,802.81, reflecting a growth of approximately 8% [1][2]. - Current assets rose to CNY 2,363,627,687.91 from CNY 1,984,305,598.05, marking an increase of about 19% [1][2]. - Non-current assets slightly increased to CNY 2,989,061,113.66 from CNY 2,971,731,204.76, a change of about 0.6% [1][2]. Liabilities - Total liabilities grew to CNY 3,906,091,273.35 from CNY 3,578,148,277.84, representing an increase of approximately 9% [2][3]. - Current liabilities increased to CNY 3,387,115,877.37 from CNY 3,177,201,622.01, a rise of about 6.6% [2][3]. - Non-current liabilities also rose to CNY 518,975,395.98 from CNY 400,946,655.83, reflecting a growth of approximately 29.5% [2][3]. Equity - Total equity attributable to shareholders increased to CNY 1,446,597,528.22 from CNY 1,377,888,524.97, an increase of about 5% [2][3]. Income Statement - Total operating revenue for the first half of 2025 was CNY 2,569,382,436.33, up from CNY 2,377,014,775.91 in the same period of 2024, indicating a growth of approximately 8% [4][5]. - Total operating costs increased to CNY 2,509,860,427.25 from CNY 2,465,750,656.79, a rise of about 1.8% [4][5]. - Net profit for the period was CNY 62,417,690.61, compared to a net loss of CNY 284,389,910.54 in the previous year [4][5]. Cash Flow Statement - Net cash flow from operating activities was CNY 261,297,474.87, a significant increase from CNY 4,041,287.23 in the previous year [6][7]. - Cash and cash equivalents at the end of the period were CNY 602,187,280.19, up from CNY 147,578,702.34 [6][7].

Company Overview - Shanghai Congji Dental Clinic Co., Ltd. was established on July 5, 2023, in the Pudong New Area of Shanghai, with a registered capital of RMB 1 million [1] - The company is invested by Shanghai Tongce Dental Hospital Co., Ltd. and operates under the business scope of medical services [1] Financial Reporting Basis - The financial statements are prepared based on the going concern assumption and in accordance with the accounting standards issued by the Ministry of Finance [2] - The accounting records are maintained on an accrual basis, with historical cost as the measurement basis, except for certain financial instruments [2] Accounting Policies - The accounting period is divided into annual and interim periods, with the fiscal year running from January 1 to December 31 [2] - The company uses Renminbi as its functional currency for accounting purposes [2] Financial Assets and Liabilities - Financial assets are classified based on the business model for managing them and their cash flow characteristics, including those measured at amortized cost and at fair value [3][4] - Financial liabilities are classified into those measured at fair value with changes recognized in profit or loss and other financial liabilities [5][6] Impairment and Credit Losses - The company recognizes impairment losses for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income [10][11] - Expected credit losses are measured based on the credit risk of financial assets since initial recognition, with different methods applied depending on whether credit risk has significantly increased [12][13] Government Grants - Government grants are classified into those related to assets and those related to income, with specific accounting treatments for each type [18][19] - Grants related to assets are recognized as deferred income and amortized over the useful life of the related assets [21] Taxation - The corporate income tax rate is set at 20% on taxable income [25] - The company benefits from reduced tax rates for small and micro enterprises as per the relevant government policies [25]