On August 29, Saurer Intelligent Technology (600545.SH) released its semi-annual report, reporting a revenue of 1.77 billion yuan and a net loss of 73.004 million yuan attributable to shareholders of the listed company during the reporting period. In addition to the adverse impact of the macroeconomic environment in the industry, the signing of some large domestic orders in the first half of 2024 by the company approached mid-year, and the production cycle of customized products by the company is usually 3-6 months, so the delivery of these large orders in the first half of 2024 was not achieved. Furthermore, the spinning machinery and equipment of the company is a fixed asset investment for downstream customers, and their investment decisions are usually concentrated in the first half of the year. Combined with the company's production cycle, the delivery of these orders typically occurs in the second half of the year. At the same time, based on the distribution trend of revenue in previous years, the company's overall revenue tends to be lower in the first half and higher in the second half. Usually, the proportion of revenue in the second half of the year is greater than in the first half. However, various fixed costs and expenses occur relatively evenly throughout the year, which resulted in the company's inability to achieve profitability during the reporting period.