Core Viewpoint - The company, Oujing Technology, is forecasting a net loss for the first half of 2025, indicating a continued decline in financial performance compared to the previous year [1] Financial Performance Summary - For the first half of 2025, the company expects a net loss attributable to shareholders ranging from 70 million to 86 million yuan, compared to a loss of 126 million yuan in the same period last year [1][2] - The expected net loss after excluding non-recurring items is projected to be between 73 million and 89 million yuan, down from a loss of 128 million yuan in the previous year [1][2] - Basic earnings per share are anticipated to be between -0.38 yuan and -0.45 yuan, compared to -0.65 yuan per share in the same period last year [1][2] 2024 Financial Results - In 2024, the company reported an operating revenue of 946.53 million yuan, a significant decline of 69.75% year-on-year [2][3] - The net loss attributable to shareholders for 2024 was 535.97 million yuan, a drastic increase of 181.96% compared to a profit of 653.93 million yuan in the previous year [2][3] - The net profit after excluding non-recurring items was also a loss of 530.21 million yuan, reflecting a decrease of 182.66% from a profit of 641.45 million yuan in 2023 [2][3] - The net cash flow from operating activities was 83.59 million yuan, down 52.20% year-on-year [2][3] Capital Raising Activities - Oujing Technology went public on September 30, 2022, raising a total of 537.68 million yuan, with a net amount of 430.37 million yuan after expenses [4] - The funds raised are intended for high-quality quartz products, recycling industrial silicon, R&D center projects, and working capital [4] - In November 2023, the company issued 4.7 million convertible bonds at a face value of 100 yuan each, raising a total of 470 million yuan, with a net amount of approximately 462.74 million yuan after deducting issuance costs [5]