Beijing Jingyuntong's H1 2025 loss narrows despite revenue fall

Beijing Jingyuntong Technology Co., Ltd. announced a net loss of RMB 212,008,360.44 attributable to shareholders for the first half of 2025, a significant improvement from the RMB 1,084,775,791.85 loss in the same period last year. Total operating revenue declined by 47.25% to RMB 1,525,129,517.69. The new materials business continued to face market volatility, contributing to the overall loss, although operational improvements were noted.

The high-end equipment manufacturing business saw a revenue decrease of 42.11%, while the new energy power generation business remained stable with revenues around RMB 550 million and a gross profit margin of 53%. The company's board approved the semi-annual report on August 28, 2025, addressing ongoing operational and financial risks, including short-term debt pressure.

Total assets decreased by 3.37% to RMB 18,724,566,496.26, and net assets attributable to shareholders decreased by 2.26% to RMB 8,815,188,340.23. The company continues to implement cost-reduction and efficiency-improvement measures, adjust production capacity, and strengthen supply chain management. Several lawsuits involving the company and its subsidiaries are ongoing. The company is actively pursuing diversified financing channels and leveraging shareholder support to mitigate liquidity challenges. No dividend distribution was proposed for 2024.