YYTEK: Net profit loss of 8.8639 million yuan in the first half of 2025, turning from profit to loss year-on-year

YYTEK announced that in the first half of 2025, operating revenue reached 130 million yuan, a year-on-year increase of 26.55%. The net profit attributable to shareholders of the listed company was -8.8639 million yuan, compared to a net profit of 5.7341 million yuan in the same period last year. The decline in the company's net profit is mainly due to the following reasons: 1. During the reporting period, the company focused on industries with high marketization such as domestic substitution, new energy, and distribution network automation, strategically strengthening market development efforts, resulting in a 34.60% increase in sales expenses compared to the same period last year. 2. During the reporting period, the company clarified its technology development goals, positioning new energy technologies including virtual power plants, microgrid energy management, and energy storage technology as important development directions for core technologies. Through independent research and development, joint research, and integrated innovation, the company accelerated the landing of standardized products, with R&D expenses increasing by 3.95% compared to the same period last year. 3. During the reporting period, the company continued to improve its organizational structure and strengthen internal management, with management expenses increasing by 16.27% compared to the same period last year. 4. The company enhanced its assessment of credit and asset impairment losses, formulating and strictly adhering to the "Management Measures for the Provision of Asset Impairment," with credit and asset impairment losses of -1.9843 million yuan during the reporting period, mainly due to bad debt losses on accounts receivable