Core Viewpoint - Jiangsu Tianrui Instrument Co., Ltd. reported a revenue of 295 million yuan for the first half of 2025, a decrease of 22.36% year-on-year, with a net loss of 10 million yuan, which is an improvement of 35.63% compared to the previous year [1][2]. Financial Performance - Revenue for the reporting period was 294,836,797.54 yuan, down from 379,766,029.27 yuan in the same period last year, reflecting a decrease of 22.36% [3][4]. - The net profit attributable to shareholders was -9,583,899.20 yuan, compared to -14,889,218.28 yuan last year, showing an improvement of 35.63% [3][4]. - The net cash flow from operating activities increased by 232.41%, reaching 69,961,169.89 yuan, primarily due to reduced payments for goods and services [4]. - Total assets at the end of the reporting period were 3,367,406,120.47 yuan, a decrease of 1.72% from the previous year [3]. Cost and Expenses - Operating costs decreased by 27.89% to 162,878,741.21 yuan, mainly due to reduced revenue [4]. - Sales expenses were reduced by 11.31% to 68,195,633.27 yuan, attributed to lower revenue [4]. - Management expenses decreased by 9.96% to 43,556,304.34 yuan, primarily due to reduced depreciation and amortization [4]. - Research and development expenses saw a significant drop of 55.09%, totaling 19,242,304.07 yuan, due to the completion of certain projects [4]. Product and Service Overview - The company specializes in spectrometers, chromatographs, and mass spectrometers, which are widely used in various industries for detection and analysis [1][6]. - The product line includes energy dispersive X-ray fluorescence spectrometers, atomic absorption spectrophotometers, and gas chromatography-mass spectrometry systems, among others [5][6]. - The applications span across electronics, jewelry, material analysis, petrochemicals, food safety, environmental protection, geological exploration, and scientific research [6]. Revenue Breakdown - The revenue from laboratory analysis instruments and systems was 167,122,157.22 yuan, a decrease of 7.14% year-on-year [8]. - Environmental engineering and services generated 30,513,388.42 yuan, down 64.24% compared to the previous year [8]. - Revenue from operation and maintenance detection and accessory sales was 42,651,800.46 yuan, an increase of 26.94% year-on-year [8].

Core Viewpoint - The report outlines the fundraising and usage status of Anhui Wanyi Technology Co., Ltd. for the first half of 2025, emphasizing the management and allocation of raised funds in compliance with regulations [3][5][20]. Group 1: Fundraising Overview - The company raised a total of RMB 51,677.00 million through the issuance of 33.34 million shares at RMB 15.50 per share, with a net amount of RMB 45,830.24 million after deducting issuance costs [4]. - As of June 30, 2025, the company has used RMB 36,688.18 million of the raised funds, which includes RMB 1,224.53 million for issuance costs and RMB 6,081.00 million for supplementing working capital [4][22]. Group 2: Fund Management - The company has established a dedicated management system for the raised funds, ensuring compliance with legal regulations and transparency in usage [5]. - A tripartite supervision agreement was signed with banks to manage the special accounts for raised funds, ensuring proper oversight [6]. Group 3: Fund Usage Details - The actual investment in projects from the raised funds amounted to RMB 29,382.65 million as of June 30, 2025 [7]. - The company has not replaced any prior investments with raised funds and has not temporarily supplemented working capital with idle funds [8][9]. - As of June 30, 2025, the balance of raised funds was RMB 15,238.59 million, including interest income and bank fees [4]. Group 4: Project Updates - The deadlines for the "Analysis and Testing Instrument Construction Project" and "Technical R&D Center Project" have been postponed to December 2025 [17][18]. - The company has not identified any surplus funds from the fundraising projects as they are still in progress [16]. Group 5: Compliance and Issues - The company has reported no violations in the usage and management of raised funds, ensuring adherence to relevant laws and regulations [20].