On August 27, Youon Technology Co.,Ltd. (603776) released its 2025 interim report. The company recorded operating revenue of 193 million yuan, down 21.3% year-over-year. Net profit attributable to shareholders deteriorated from a loss of 7.8 million yuan in the same period last year to a loss of 65.48 million yuan, representing a significant expansion in losses. Non-GAAP net profit attributable to shareholders worsened from a loss of 30.27 million yuan in the prior year period to a loss of 67.61 million yuan, also showing further deterioration. Operating cash flow net amount reached 34.33 million yuan, declining 44.7% year-over-year. Fully diluted EPS stood at -0.2715 yuan.
For the second quarter specifically, the company generated operating revenue of 110 million yuan, down 17.1% year-over-year. Net profit attributable to shareholders expanded losses from 2.63 million yuan in the same period last year to 40.85 million yuan. Non-GAAP net profit attributable to shareholders increased losses from 20.76 million yuan in the prior year period to 41.66 million yuan. Second quarter EPS was -0.1694 yuan.
As of the end of the second quarter, total assets amounted to 4.248 billion yuan, down 3.7% from the end of the previous fiscal year. Net assets attributable to shareholders totaled 3.036 billion yuan, declining 3.3% from the end of the previous fiscal year.
In its 2025 interim report, the company attributed the revenue decline to insufficient growth and contraction in existing public bicycle and shared mobility businesses, affected by government fiscal constraints and macroeconomic factors. Despite these challenges, the company continues to focus on developing its hydrogen energy and semiconductor industries while actively expanding its smart living business.
During the reporting period, the company achieved operating revenue of 193 million yuan, with public bicycle and shared mobility business contributing 129 million yuan and hydrogen energy business generating 37.48 million yuan in revenue.
Management also noted that the company obtained 22 new patent authorizations during the reporting period, including 4 invention patents. The company now holds 130 hydrogen energy-related patents, demonstrating continued innovation and technological accumulation in this field. Additionally, the company's investment in Luomarui Chip Technology (Changzhou) Co., Ltd., which specializes in atomic layer materials technology and focuses on developing photodetectors and new memory devices, provides support for the company's technological innovation initiatives.
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