Core Viewpoint - Anlu Technology (688107.SH) reported a significant decline in revenue and net profit for the first half of 2025, indicating ongoing financial challenges for the company [1][2]. Financial Performance - In the first half of 2025, Anlu Technology achieved total revenue of 223.34 million yuan, a year-on-year decrease of 29.34% compared to 317.45 million yuan in the same period last year [1][2]. - The net profit attributable to shareholders was -14.24 million yuan, showing a worsening from -12.22 million yuan in the previous year [2]. - The net profit after deducting non-recurring gains and losses was -16.84 million yuan, compared to -14.67 million yuan in the same period last year [2]. - The net cash flow from operating activities was -6.28 million yuan, a decline from -4.71 million yuan in the previous year [2]. Previous Year Comparison - In 2024, Anlu Technology reported revenue of 651.82 million yuan, a decrease of 6.99% from 700.79 million yuan in 2023 [3]. - The net profit attributable to the parent company was -20.55 million yuan, slightly worse than -19.72 million yuan in the previous year [3]. - The net profit after deducting non-recurring gains and losses was -24.07 million yuan, compared to -22.67 million yuan in the previous year [3]. Capital Raising and Use of Funds - Anlu Technology raised a total of 1.303 billion yuan through its initial public offering, with a net amount of 1.201 billion yuan after deducting issuance costs [5]. - The company planned to use the raised funds for the development and industrialization of next-generation field-programmable array chips and system-level chips, as well as for technology reserve funds [6].