Financial Overview - The company did not undergo an audit for its semi-annual financial report [1] - Total assets decreased from 4,694,759,462.62 yuan to 4,597,160,999.04 yuan [1][2] - Total liabilities decreased from 2,210,982,759.52 yuan to 2,054,017,572.60 yuan [2][3] - Total equity increased from 2,483,776,703.10 yuan to 2,543,143,426.44 yuan [2][3] Asset Composition - Current assets decreased from 3,560,586,795.85 yuan to 3,430,526,535.51 yuan [1] - Cash and cash equivalents decreased from 904,773,950.94 yuan to 685,108,129.82 yuan [1] - Inventory increased from 733,218,479.77 yuan to 785,805,070.73 yuan [1] Liabilities Breakdown - Current liabilities decreased from 2,141,672,477.86 yuan to 1,993,300,053.64 yuan [2] - Short-term borrowings decreased from 87,729,472.40 yuan to 74,647,817.95 yuan [1][2] - Accounts payable decreased from 867,757,474.48 yuan to 779,421,312.59 yuan [1][2] Equity Changes - Retained earnings increased from 645,565,196.76 yuan to 687,013,030.08 yuan [2] - Other comprehensive income increased from 189,767,216.78 yuan to 207,429,923.48 yuan [2] Revenue and Profitability - Total operating revenue for the first half of 2025 was 795,485,831.73 yuan, up from 689,187,321.59 yuan in the same period of 2024 [3][4] - Total operating costs increased from 678,066,758.25 yuan to 778,484,426.97 yuan [3][4] - Net profit for the first half of 2025 was 38,560,603.08 yuan, compared to 19,703,942.02 yuan in the first half of 2024 [4] Cash Flow Analysis - Net cash flow from operating activities was -136,133,325.49 yuan for the first half of 2025, compared to -49,163,430.65 yuan in the same period of 2024 [5] - Cash flow from investing activities was -40,549,600.60 yuan for the first half of 2025, compared to -20,290,896.99 yuan in the same period of 2024 [5][6] - Cash flow from financing activities was -23,597,979.87 yuan for the first half of 2025, compared to -116,102,152.03 yuan in the same period of 2024 [5][6]

Financial Overview - The total assets of the company as of June 30, 2025, amounted to approximately RMB 13.14 billion, a decrease from RMB 13.50 billion as of December 31, 2024 [1][2][3] - Total liabilities decreased to approximately RMB 1.20 billion from RMB 1.49 billion during the same period [1][2][3] - Shareholder equity totaled approximately RMB 11.95 billion, down from RMB 12.01 billion [2][3][6] Income Statement Highlights - The company's total operating revenue for the first half of 2025 was approximately RMB 2.06 billion, an increase from RMB 1.98 billion in the same period of 2024, reflecting a growth of about 4% [3][4] - Operating costs rose to approximately RMB 1.80 billion from RMB 1.75 billion, indicating an increase of about 3% [3][4] - The net profit for the first half of 2025 was approximately RMB 440 million, compared to RMB 235 million in the same period of 2024, representing a significant increase [3][4][5] Cash Flow Analysis - The net cash flow from operating activities for the first half of 2025 was approximately RMB 135 million, a notable increase from RMB 33 million in the same period of 2024 [4][5] - Cash flow from investing activities showed a net inflow of approximately RMB 23 million, a decrease from RMB 921 million in the previous year [4][5] - Cash flow from financing activities resulted in a net outflow of approximately RMB 504 million, compared to RMB 558 million in the first half of 2024 [4][5] Shareholder Equity Changes - The total equity attributable to shareholders of the parent company decreased to approximately RMB 11.89 billion from RMB 11.95 billion [2][6] - The company reported a decrease in other comprehensive income, which was negative RMB 6.50 million compared to a positive RMB 5.85 million in the previous period [2][6] - The retained earnings as of June 30, 2025, were approximately RMB 6.29 billion, down from RMB 6.38 billion [2][6]