Financial Performance - In the first half of 2025, the company reported total revenue of 900 million yuan, a year-on-year decrease of 13.48% [1] - The net profit attributable to shareholders was -149 million yuan, with the same figure for net profit excluding non-recurring gains and losses [1] - The net cash flow from operating activities was -55.95 million yuan [1] - In 2024, the company achieved total revenue of 2.161 billion yuan, a year-on-year increase of 2.81% [2] - The net profit attributable to shareholders was -427 million yuan, an improvement from -455 million yuan in the previous year [2] - The net cash flow from operating activities was 739.14 million yuan, compared to -326 million yuan in the previous year [2] Capital Raising Activities - The company was listed on the Sci-Tech Innovation Board on August 6, 2021, issuing 80 million shares at a price of 4.58 yuan per share, raising a total of 366 million yuan [3] - The net amount raised after deducting issuance costs was 301 million yuan, which was 749 million yuan less than the planned amount of 1.05 billion yuan [3] - The funds raised were intended for the production of high-end ternary lithium battery precursors and lithium hydroxide [3] - The company issued convertible bonds totaling 642 million yuan, with a net amount raised of 638.37 million yuan after deducting related fees [4][5] - The total amount raised by the company since its listing is 1.008 billion yuan [5]