Company Overview - China State Construction Western Company reported a total revenue of CNY 9,020,885,836.45 for the first half of 2025, representing a decrease of 8.85% compared to the same period last year [1] - The net profit attributable to shareholders was CNY -96,274,861.39, a significant decline of 1,810.39% year-on-year [1] - The net profit after deducting non-recurring gains and losses was CNY -171,525,531.26, down 495.03% from the previous year [1] Financial Performance - The net cash flow from operating activities was CNY -915,481,025.21, which is an 11.49% increase in outflow compared to CNY -821,126,076.36 in the same period last year [1] - Basic earnings per share were CNY -0.0880, a decrease of 515.38% from CNY -0.0143 in the previous year [1] - Diluted earnings per share also stood at CNY -0.0880, reflecting the same percentage decline [1] Asset and Equity Status - Total assets at the end of the reporting period were CNY 33,498,060,191.24, a decrease of 0.99% from CNY 33,830,783,198.25 at the end of the previous year [2] - The net assets attributable to shareholders were CNY 9,221,537,674.07, down 2.74% from CNY 9,481,347,402.08 at the end of the previous year [2] - The asset-liability ratio increased to 69.07% from 68.00% in the previous year [4] Shareholder Information - The largest shareholder, China State Construction Xinjiang Group, holds a 31.43% stake, amounting to 396,731,588 shares [3] - Other significant shareholders include China State Construction Third Engineering Bureau with 12.29% and China State Construction Fifth Engineering Bureau with 3.08% [3] - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period [3]