On August 23, Jiuri New Materials (688199.SH) released its semi-annual report for 2024. From January to June 2024, the company achieved operating revenue of 768 million yuan, a year-on-year growth of 36.08%, and a net loss attributable to shareholders of the listed company of -12.8812 million yuan, a decrease of 20.9953 million yuan from the same period last year. In 2024, facing the unfavorable situation of industry demand convergence, in order to consolidate its leading position in the photo initiator field, the company chose flexible marketing strategies and tactics. During this reporting period, the sales volume of photo initiators increased by 42.14% compared to the same period last year. While increasing market share, the company continues to strategically offer discounts to its customer base, resulting in sales prices remaining at historically low levels, leading to a significant decrease in gross profit and a continuous reduction in profit margins, resulting in a significant decrease in net profit attributable to the parent company's owner in this reporting period.