Group 1 - The company, Junxin Co., announced its first share buyback on August 4, 2025, through a centralized bidding transaction, repurchasing approximately 3.6 million shares, which accounts for 0.46% of its total share capital [2] - The maximum transaction price for the buyback was 14.29 CNY per share, while the minimum was 13.86 CNY per share, with a total expenditure of approximately 50.99 million CNY [2] - For the year 2024, the company's revenue composition was as follows: energy-saving and environmental protection services accounted for 65.51%, construction period service revenue made up 34.43%, and other businesses contributed 0.05% [2]

Core Insights - *ST节能 (000820) reported a significant decline in revenue and a negative net profit for the first half of 2025, indicating ongoing financial challenges [2][7]. Financial Overview - Total operating revenue for the period was 17.32 million yuan, a year-on-year decrease of 73.59% [2][7]. - The net profit attributable to shareholders was -7.135 million yuan, an increase of 36.88% year-on-year [2][7]. - The net profit excluding non-recurring items was -7.1241 million yuan, up 37.67% year-on-year [2][7]. - The gross profit margin was 32.8%, reflecting a year-on-year increase of 150.16% [7]. - The net profit margin was -70.8%, a decrease of 258.17% year-on-year [7]. Cost and Expenses - The total of selling, administrative, and financial expenses amounted to 11.6032 million yuan, accounting for 66.99% of revenue, which is an increase of 131.21% year-on-year [7]. - Financial expenses rose by 109.81% due to increased interest expenses from subsidiary borrowings [7]. Cash Flow and Financial Health - Cash and cash equivalents stood at 164.485 million yuan, a year-on-year increase of 185.44% [7]. - Accounts receivable decreased by 11.73% to 135 million yuan [7]. - The company has a high level of interest-bearing debt at 25.08 million yuan, which is an increase of 56.75% year-on-year [7]. - The net cash flow from operating activities increased by 26.05% due to higher sales collections [7][8]. Business Operations - The company's main business focuses on green smelting technology in the steel metallurgy industry, energy-saving solutions, and smart energy services [6]. - The company is committed to R&D investment, enhancing technical competitiveness, and optimizing customer relationships while controlling operational costs [6].

Core Viewpoint - Junxin Co., Ltd. has announced that it has not yet started the share repurchase program as of July 31, 2025 [2] Financial Performance - For the year 2024, the revenue composition of Junxin Co., Ltd. is as follows: Energy-saving and environmental protection services account for 65.51%, construction period service income accounts for 34.43%, and other businesses account for 0.05% [2]