Core Viewpoint - Shenzhen Yinzhijie Technology Co., Ltd. reported a continued decline in both revenue and net profit for the first half of 2025, marking a challenging period for the company [1] Financial Performance - The company achieved operating revenue of 358 million yuan, a year-on-year decrease of 15.88% [1] - The net profit attributable to shareholders was a loss of 53.48 million yuan, down 6.91% year-on-year [1] - The company has recorded losses for four consecutive years from 2021 to 2024, with net profits of -283 million yuan, -122 million yuan, -117 million yuan, and -129 million yuan respectively [1] Business Segment Analysis - The financial information technology segment generated revenue of 24.42 million yuan, a significant decline of 42.41% year-on-year [1] - The mobile information service segment faced competitive pressure, resulting in revenue of 145 million yuan, down 30.54% year-on-year [1] - E-commerce services emerged as a bright spot, with subsidiary Anying Zhixuan reporting revenue of 188 million yuan, an increase of 8.14% year-on-year [1] Strategic Investments - Huadao Credit contributed revenue of 30.02 million yuan and a net profit of 1.88 million yuan [1] - Dongya Qianhai Securities reported a net loss of 39.23 million yuan, negatively impacting the company's investment income by 10.24 million yuan [1] Future Strategy - The company plans to enhance cost efficiency and accelerate business transformation across its three main business segments [2] - There will be a focus on developing innovative financial information services and strengthening talent acquisition and incentive mechanisms to improve profitability [2]

Financial Performance - In 2024, the company achieved total revenue of 862.65 million yuan, a decrease of 15.02% year-on-year [1] - The net profit attributable to shareholders was -129.11 million yuan, down 9.98% year-on-year [1] - The financial technology business revenue was 92.76 million yuan, a decline of 38.08%, with a gross margin of 20.11%, down 10.12% [2] Research and Development - The company invested 67.72 million yuan in R&D in 2024, accounting for 7.85% of total revenue [2] - Emphasis on enhancing core technology and competitiveness through sustained R&D investment [2] Business Strategy and Development - The company is focusing on cost reduction and efficiency improvement in traditional businesses while actively pursuing business transformation and innovation [2] - Plans to expand into internet securities information services, leveraging existing financial technology capabilities [3] Cash Flow and Financial Health - As of the end of Q1 2025, the company had cash and cash equivalents of 271.42 million yuan, with a net cash flow from operating activities of 19.97 million yuan [3] Competitive Advantage - The company has 26 years of experience in the financial information technology sector, maintaining a leading position in technology and industry experience [3] - As of the end of 2024, the company and its subsidiaries held 394 software copyrights and 247 patents, including 41 invention patents [3] Cost Control Measures - The company is implementing cost control through refined procurement management, reduced financing costs, and optimized personnel structure [4] Future Growth Drivers - Key strategies for improving performance include reducing losses in traditional businesses, advancing business transformation, and enhancing talent acquisition and team building [4] - The company is optimistic about the future of the financial technology industry, supported by national policies and strategic partnerships [4]