Core Insights - The company, Jiemite (300868.SZ), reported a significant decline in its financial performance for the first half of 2025, with a revenue drop of 32.46% year-on-year [1][2] - The net profit attributable to shareholders was negative at -9.90 million yuan, marking a 153.15% decrease compared to the previous year [1][2] - The cash flow from operating activities also turned negative, amounting to -165.22 thousand yuan, a decline of 109.34% [1][2] Financial Performance Summary - **Revenue**: The company achieved a revenue of 290.88 million yuan, down from 430.71 million yuan in the same period last year, reflecting a decrease of 32.46% [2] - **Net Profit**: The net profit attributable to shareholders was -9.90 million yuan, compared to a profit of 18.63 million yuan in the previous year, indicating a decline of 153.15% [2] - **Net Profit Excluding Non-Recurring Items**: The net profit excluding non-recurring items was -26.12 million yuan, a significant drop from -1.82 million yuan year-on-year, representing a decrease of 1,336.81% [2] - **Operating Cash Flow**: The net cash flow from operating activities was -165.22 thousand yuan, down from 17.70 million yuan in the previous year, a decline of 109.34% [2] Historical Performance Overview - In 2021, the company reported a revenue of 714.99 million yuan, which decreased by 16.35% from 2020 [3] - The net profit attributable to shareholders in 2021 was 28.22 million yuan, down 73.47% from 2020 [3] - The net profit excluding non-recurring items was -5.70 million yuan in 2021, a decline of 106.35% from the previous year [3] - The total assets at the end of 2024 were 2.11 billion yuan, showing a slight increase of 0.46% from the end of 2023 [3] Company Background - Jiemite was listed on the Shenzhen Stock Exchange's ChiNext board on August 24, 2020, with an initial public offering price of 41.26 yuan per share [4] - The company raised a total of 1.32 billion yuan, with net proceeds of approximately 1.19 billion yuan after deducting issuance costs [4] - The funds raised were intended for expanding production capacity for mobile smart terminal accessories, building a technology research and development center, and upgrading branding and marketing networks [4]