Core Points - Guangyun Technology (688365.SH) reported a revenue of 262.24 million yuan for the first half of 2025, representing a year-on-year increase of 11.78% [1][2] - The net profit attributable to shareholders was -12.11 million yuan, an improvement from -34.46 million yuan in the same period last year [1][2] - The net cash flow from operating activities was 35.90 million yuan, showing a significant increase of 218.54% year-on-year [1][2] Financial Performance - Revenue for the first half of 2025 was 262.42 million yuan, compared to 234.76 million yuan in the previous year, marking an increase of 11.78% [2] - Total profit for the period was -15.72 million yuan, improving from -37.05 million yuan year-on-year [2] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -12.53 million yuan, compared to -35.29 million yuan in the previous year [2] - Historical revenue from 2021 to 2024 was 545 million yuan, 494 million yuan, 475 million yuan, and 478 million yuan respectively [2] - Historical net profit attributable to shareholders for the same period was -59.54 million yuan, -179 million yuan, -18.45 million yuan, and -82.05 million yuan respectively [2] Capital Raising Activities - Guangyun Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 29, 2020, with an initial offering price of 10.80 yuan per share [3] - The total amount raised from the IPO was 433.08 million yuan, with a net amount of 369.55 million yuan after deducting issuance costs [3] - In 2022, the company issued 24,824,684 shares at a price of 7.13 yuan per share, raising a total of 176.99 million yuan, with a net amount of 171.86 million yuan after costs [4]