Core Viewpoint - Tianli Technology (SZ300399) reported a turnaround in its financial performance for the first half of 2025, achieving profitability compared to the previous year [1] Financial Performance Summary - The company's operating revenue for the first half of 2025 was 230.98 million yuan, a decrease of 3.54% year-on-year [2] - Net profit attributable to shareholders was 8.02 million yuan, a significant increase of 144.79% compared to a loss of 17.91 million yuan in the same period last year [2] - The net profit after deducting non-recurring gains and losses was -9.44 million yuan, showing a slight improvement of 0.39% year-on-year [2] - Basic earnings per share were 0.04 yuan, compared to -0.09 yuan in the previous year, marking a 144.44% increase [2] - The company's cash flow from operating activities was -11.09 million yuan, a decline of 135.28% year-on-year [2] Profitability Metrics - Gross margin for the first half of 2025 was 2.98%, a decrease of 0.02 percentage points year-on-year [3] - Net profit margin improved to 3.42%, an increase of 11.09 percentage points compared to the previous year [3] Expense Analysis - Total operating expenses for the first half of 2025 were 19.65 million yuan, an increase of 1.91 million yuan year-on-year [3] - The expense ratio was 8.51%, up 1.10 percentage points from the previous year [3] - Sales expenses surged by 27,808.03% year-on-year, while management expenses decreased by 8.41% [3] - Research and development expenses increased by 4.13%, and financial expenses rose by 93.07% year-on-year [3] Corporate Governance Update - On August 19, 2025, the company announced the resignation of Zhou Hongcui from the positions of Vice Chairman and Director due to personal reasons [5] - Zhou Hongcui's resignation is effective immediately upon delivery of the resignation report to the board [5] Company Background - Tianli Technology, established on January 18, 2006, is based in Shangrao City, Jiangxi Province, and specializes in mobile information services [6] - The company went public on October 9, 2014, and primarily collaborates with telecom operators to provide industry-specific mobile information services and personal mobile information services, as well as internet insurance business [6]