Core Points - The company reported a significant decline in revenue and net profit for the first half of 2025, with revenue at 85.98 million and a year-on-year decrease of 38.8% [2] - The net profit attributable to shareholders was 4.82 million, down 86.4% year-on-year, while the net profit after deducting non-recurring gains and losses was 5.64 million, a decrease of 83.9% [2] - The operating cash flow turned positive at 9.04 million, improving from a negative position [2] Revenue and Profit Analysis - The decline in revenue was attributed to the coal industry's market environment, with delayed customer demand release, slower bidding processes, and extended project acceptance periods [2] - The total profit, net profit attributable to shareholders, and net profit after deducting non-recurring gains and losses all saw significant declines compared to the previous year [2] Cash Flow and Operational Changes - The company experienced an increase in accounts receivable collections, leading to a notable improvement in net cash flow from operating activities [3] - In response to the complex market environment, the company is actively pursuing organizational restructuring and promoting technological innovation [3] - The company is focusing on integrating artificial intelligence technology to align with national goals for the transformation of smart mining from individual system intelligence to overall mine intelligence [3]

Core Insights - Longsoft Technology (688078.SH) reported a significant decline in revenue and net profit for the first half of 2025, with revenue at 85.9753 million yuan, a year-on-year decrease of 38.75% [1] - The net profit attributable to shareholders was 4.8191 million yuan, down 86.43% year-on-year, while the net profit after deducting non-recurring gains and losses was 5.6436 million yuan, a decrease of 83.91% [1] - Basic earnings per share were reported at 0.07 yuan, reflecting a downturn in financial performance [1] Revenue Performance - The decline in revenue was attributed to the coal industry's market environment, leading to deferred customer demand, slowed bidding processes, and extended project acceptance cycles [1] - Revenue recognition fell short of expectations compared to the same period last year, resulting in a 38.75% decrease [1] Profitability Analysis - The total profit, net profit attributable to shareholders, and net profit after deducting non-recurring gains and losses all experienced significant declines compared to the previous year [1] - The competitive landscape in the intermediate-level intelligent mining construction projects and sustained high R&D investments contributed to the profit downturn [1] - All key profitability metrics, including basic earnings per share, diluted earnings per share, and basic earnings per share after deducting non-recurring gains and losses, decreased compared to the same period last year [1]