Financial Performance - In the first half of 2025, the company reported total revenue of 900 million yuan, a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders was -149 million yuan, with the same figure for net profit excluding non-recurring gains and losses [1] - The net cash flow from operating activities was -55.95 million yuan [1] - In 2024, the company achieved total revenue of 2.161 billion yuan, a year-on-year increase of 2.81% [2] - The net profit attributable to shareholders was -427 million yuan, an improvement from -455 million yuan in the previous year [2] - The net cash flow from operating activities was 739.14 million yuan, compared to -326 million yuan in the previous year [2] Capital Raising Activities - The company was listed on the Sci-Tech Innovation Board on August 6, 2021, issuing 80 million shares at a price of 4.58 yuan per share, raising a total of 366 million yuan [3] - The net amount raised after deducting issuance costs was 301 million yuan, which was 749 million yuan less than the planned amount of 1.05 billion yuan [3] - The funds raised were intended for the production of high-end ternary lithium battery precursors and lithium hydroxide [3] - The company issued convertible bonds totaling 642 million yuan, with a net amount raised of 638.37 million yuan after deducting related fees [4][5] - The total amount raised by the company since its listing is 1.008 billion yuan [5]

Financial Performance - In 2024, the company achieved operating revenue of 2.16 billion yuan, representing a year-on-year increase of 2.81% compared to 2023 [1][2] - The net profit attributable to shareholders was -427.77 million yuan, an improvement from -455.38 million yuan in the previous year [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -442.75 million yuan, slightly worse than -438.82 million yuan in 2023 [1][2] - The net cash flow from operating activities was 73.91 million yuan, a significant improvement from -326.17 million yuan in the previous year [1][2] Dividend Policy - The company announced that it will not distribute cash dividends, issue bonus shares, or increase capital through reserves for the year 2024 [2] Project Developments - The company decided to terminate the "battery-grade lithium carbonate production and comprehensive utilization of waste lithium iron phosphate batteries project" due to current market conditions and strategic adjustments [3] - Since its IPO on August 6, 2021, the company's stock has been trading below its initial offering price, indicating a state of underperformance [3] Fundraising Activities - The company raised a total of 366 million yuan from its initial public offering, which was 749 million yuan less than the planned amount of 1.05 billion yuan [3] - The total fundraising from two rounds since listing amounts to 1.008 billion yuan [5]