Core Insights - Tianyi New Materials (688033.SH) reported a revenue of 422.92 million yuan for the first half of 2025, a year-on-year decrease of 17.26% [1][2] - The net profit attributable to shareholders was -209.35 million yuan, an improvement from -492.79 million yuan in the same period last year [1][2] - The net cash flow from operating activities was 160.33 million yuan, showing a significant increase of 328.42% year-on-year [1][2] Financial Performance Summary - Revenue for the first half of 2025: 422,920,712.86 yuan, down from 511,174,885.23 yuan, a decrease of 17.26% [2] - Total profit for the period: -181,772,424.04 yuan, compared to -551,263,661.64 yuan in the previous year [2] - Net profit attributable to shareholders: -209,354,574.17 yuan, improved from -492,785,725.22 yuan [2] - Net profit after deducting non-recurring gains and losses: -224,775,732.09 yuan, improved from -507,881,643.33 yuan [2] - Operating cash flow: 160,325,903.52 yuan, up 328.42% from 37,422,328.94 yuan [2] Historical Financial Data - For the year 2024, the company reported a revenue of 763.05 million yuan, a significant decrease of 63.85% from 2.11 billion yuan in 2023 [3] - The net profit attributable to shareholders for 2024 was -1.50 billion yuan, a decrease of 1138.31% compared to a profit of 144.02 million yuan in 2023 [3] - The net profit after deducting non-recurring gains and losses for 2024 was -1.59 billion yuan, down 2114.15% from 79.17 million yuan in 2023 [3] - Operating cash flow for 2024 was 288.63 million yuan, compared to -496.51 million yuan in 2023 [3] Company Background - Tianyi New Materials was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2019, with an initial issuance of 47,880,000 shares at a price of 20.37 yuan per share [3] - The company's stock has been in a state of decline since reaching a peak of 64.80 yuan shortly after its listing [3] - The total amount raised from the company's two fundraising rounds is 3.294 billion yuan [6]