Jiangsu Lidao New Material (603937.SH) announced its semi-annual report on August 28. The company achieved a revenue of 699.5132 million yuan during the reporting period, a decrease of 6.86% year-on-year. The company also saw a net income of 9.939 million yuan during the reporting period, marking a 72.38% year-on-year decrease. The decline in net income is mainly due to the partial production of Anhui Lidao investment project by its subsidiary during the reporting period. The expansion of business scale and the improvement of efficiency will take some time. Due to the relatively small production and sales scale, Anhui Lidao is currently in a state of loss. The original business segment of the company, the color-coated aluminum business, has developed steadily. The food packaging coating business has shown some growth. However, the downstream market demand fluctuations have affected the profit due to the decline in sales of precision cutting and processing business, leading to a reduction in profit.