On August 20th, Mingxin Automotive Leather (605068.SH) fell to 7.6% during the trading day, hitting a new low since its listing at 11.73 yuan, with a total market capitalization falling below 2 billion yuan. The company announced after trading hours yesterday that the net income attributable to the parent company in the first half of the year was 10.0144 million yuan, down 39.89% year-on-year, with a net income attributable to the parent company of -3.0438 million yuan in the second quarter, down 113.62% year-on-year. As of June 30, 2024, the company's total liabilities were 1.695 billion yuan, an increase of 27.51% from the same period last year, with accounts receivable reaching 0.56 billion yuan.