Core Viewpoint - The financial report of Yunnan Lincang Xinyuan Germanium Co., Ltd. for the first half of 2025 indicates significant changes in both assets and liabilities, with a notable increase in total assets and a decrease in net profit compared to the previous year [2][6]. Financial Performance - Total operating revenue for the first half of 2025 reached CNY 529.50 million, up from CNY 348.13 million in the same period of 2024, representing a growth of approximately 52% [4]. - Total operating costs increased to CNY 522.20 million from CNY 380.21 million, marking a rise of about 37% [4]. - The net profit for the first half of 2025 was CNY -11.52 million, a decline from a profit of CNY 0.33 million in the first half of 2024 [6]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 3.49 billion, compared to CNY 3.18 billion at the beginning of the year, reflecting an increase of approximately 10% [2][3]. - Current assets totaled CNY 1.92 billion, up from CNY 1.59 billion, indicating a growth of about 20% [2]. - Total liabilities increased to CNY 1.97 billion from CNY 1.67 billion, which is an increase of around 18% [3]. Cash Flow - The net cash flow from operating activities was CNY -131.90 million, worsening from CNY -83.10 million in the previous year [7]. - Cash and cash equivalents at the end of the period were CNY 373.25 million, down from CNY 49.87 million at the beginning of the year [7]. Shareholder Equity - Total equity attributable to shareholders was CNY 1.46 billion, slightly up from CNY 1.45 billion at the beginning of the year [3][8]. - The basic and diluted earnings per share for the first half of 2025 were CNY 0.034, compared to CNY -0.014 in the same period of 2024 [5].