Investment Rating - The report maintains a "Buy" investment rating for the company [3][5]. Core Views - The company achieved a total revenue of 18.072 billion yuan in the first half of 2025, representing a year-on-year growth of 20.80%. The net profit attributable to shareholders was 417 million yuan, a slight increase of 0.26% year-on-year [1]. - In Q2 2025, the company reported a total revenue of 10.711 billion yuan, with a year-on-year growth of 18.84%. However, the net profit attributable to shareholders decreased by 9.66% to 236 million yuan [1]. - The company experienced robust growth in external sales, with a year-on-year increase of 32.17% in the first half of 2025, while domestic sales grew by 15.40% [1]. - The performance varied by product category, with air conditioners and washing machines showing significant growth of 36.18% and 32.70% respectively, while refrigerators and small appliances saw declines of 4.10% and 6.14% [1]. Financial Summary - The gross profit margin for Q2 2025 was 9.49%, a decrease of 0.4 percentage points year-on-year. The net profit margin was 2.27%, down by 0.68 percentage points year-on-year [2]. - The company’s operating cash flow for Q2 2025 was 2.646 billion yuan, a decrease of 6.91% year-on-year, while cash received from sales was 11.17 billion yuan, an increase of 15.22% [2]. - The report forecasts net profits for 2025-2027 to be 770 million, 858 million, and 949 million yuan respectively, with year-on-year growth rates of 10.1%, 11.4%, and 10.6% [3]. Stock Information - The stock closed at 7.67 yuan on August 20, 2025, with a total market capitalization of 7.89951 billion yuan [5]. - The company has a total share capital of 1.02992 billion shares, with 99.40% being freely tradable [5]. Financial Projections - The projected revenue for 2025 is 32.033 billion yuan, with a year-on-year growth rate of 12.0% [4]. - The earnings per share (EPS) for 2025 is estimated to be 0.75 yuan, with a projected price-to-earnings (P/E) ratio of 10.3 [4].

Market Overview - The Shanghai Composite Index is at 3781.13 points, above the annual line, with a change of 0.40% [1] - The total trading volume of A-shares is 1,193.158 billion yuan [1] Stocks Breaking Annual Line - A total of 31 A-shares have surpassed the annual line today, with notable stocks including Meihua Medical, *ST Aowei, and Pianzaihuang, showing divergence rates of 14.13%, 2.94%, and 2.77% respectively [1] - Stocks with smaller divergence rates that have just crossed the annual line include China Wuyi, Huilun Crystal, and Zhuoshengwei [1] Top Stocks by Divergence Rate - Meihua Medical (301363) has a significant increase of 17.30% with a turnover rate of 23.04% and a divergence rate of 14.13% [1] - *ST Aowei (002231) increased by 3.12% with a turnover rate of 7.79% and a divergence rate of 2.94% [1] - Pianzaihuang (600436) rose by 3.70% with a turnover rate of 1.03% and a divergence rate of 2.77% [1] Additional Notable Stocks - Tongrentang (600085) increased by 1.93% with a divergence rate of 1.77% [1] - Maire Medical (300760) rose by 3.40% with a divergence rate of 1.53% [1] - Other stocks with minor divergence rates include Aima Technology (603529) and China Railway Construction (601186) with divergence rates of 1.06% and 0.96% respectively [1]

2025年8月21日，长虹美菱(000521.SZ)发布2025年中报。 公司营业总收入为180.72亿元，较去年同报告期营业总收入增加31.12亿元，实现5年连续上涨，同比较 去年同期上涨20.80%。归母净利润为4.17亿元，较去年同报告期归母净利润增加109.84万元，实现5年 连续上涨，同比较去年同期上涨0.26%。经营活动现金净流入为13.61亿元。 公司最新资产负债率为76.21%。 公司最新毛利率为10.44%。最新ROE为6.76%。 公司股东户数为6.82万户，前十大股东持股数量为3.76亿股，占总股本比例为36.49%，前十大股东持股 情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | J | 四川长虹电器股份有限公司 | 24.12% | | 2 | 长虹(香港)贸易有限公司 | 2.63% | | 3 | 合肥市产业投资控股(集团)有限公司 | 1.83% | | 4 | 香港中央结算有限公司 | 1.48% | | 5 | CAO SHENGCHUN | 1.43% | | 6 | 全国社保基金一零一组合 | 1.36% | | 7 | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 一、重要提示 （一）本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到证监会指定媒体仔细阅读半年度报告全文。 （二）本公司不存在董事、监事、高级管理人员声明对本半年度报告内容的真实性、准确性和完整性无 法保证或存在异议的情形。 （三）所有董事均以现场会议方式出席了审议本报告的董事会会议。 （四）非标准审计意见提示 □ 适用 √ 不适用 □ 适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 （六）董事会决议通过的本报告期优先股利润分配预案 □ 适用 √ 不适用 二、公司基本情况 （一）公司简介 ■ （二）主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √是 □否 （五）董事会审议的报告期利润分配预案或公积金转增股本预案 追溯调整或重述原因：会计政策变更、同一控制下合并 ■ （三）公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还 ...

其中，空调是长虹美菱营收比重最大的业务，报告期内实现收入约115.75亿元，同比增长36.18%，也是增幅最大的业务；冰箱(柜)业务实现收入约44.15亿 元，同比下降4.17%；洗衣机业务实现收入约10.40亿元，同比增长32.70%；小家电及厨卫业务实现收入约6.99亿元，同比下降6.14%；生物医疗业务实现收 入约1.49亿元，同比上升3.89%。 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | | | 金额 | 占营业收入 ド重 | 金额 | | 营业收入合计 | 18,071,515,842.15 | 100.00% | 14,959,351,023.54 | | 分行业 | | | | | 家用电器制造 | 17,934,000,029.18 | 99.24% | 14,847,789,922.86 | | 其他业务 | 137,515,812.97 | 0.76% | 111,561,100.68 | | 分产品 | | | | | 空调 | 11,575,132,133.83 | 64.05% | 8,499,905,660.36 | | 冰箱、冰柜 ...

Core Insights - Changhong Meiling reported a total revenue of 18.072 billion yuan for the first half of 2025, representing a year-on-year increase of 20.80% [1] - The net profit attributable to shareholders was 417 million yuan, showing a slight increase of 0.26% year-on-year, while the net profit after deducting non-recurring items decreased by 9.81% to 391 million yuan [1] Revenue Breakdown - The majority of the company's revenue, 17.934 billion yuan, came from home appliance manufacturing, accounting for 99.24% of total revenue [2] - Air conditioning was the largest revenue contributor, generating approximately 11.575 billion yuan, which is 64.05% of total revenue and a year-on-year growth of 36.18% [2] - Refrigerator and freezer sales amounted to about 4.545 billion yuan, a decline of 4.17% year-on-year [1][2] - Washing machines generated revenue of approximately 1.040 billion yuan, reflecting a year-on-year increase of 32.70% [1][2] - Small appliances and kitchen products brought in around 698 million yuan, down 6.14% year-on-year [1][2] - The biomedical segment achieved revenue of about 149 million yuan, up 3.89% year-on-year [1] Regional Performance - Domestic market revenue reached 11.704 billion yuan, a year-on-year increase of 15.40%, representing 64.77% of total revenue [1][2] - The overseas market generated 6.367 billion yuan, marking a significant year-on-year growth of 32.17%, accounting for 35.23% of total revenue [1]

2025年1至6月份，长虹美菱的营业收入构成为：家用电器制造占比99.24%，其他业务占比0.76%。 （文章来源：每日经济新闻） 长虹美菱（SZ 000521，收盘价：7.67元）8月20日晚间发布公告称，2025年1-6月公司对资产报废处置及 计提的各项资产减值准备金额合计约1.35亿元，占2024年度经审计归属于上市公司股东的净利润绝对值 的比例为19.34%。本半年度资产处置净损失金额约为171万元，计提资产减值准备金额约为6548万元， 计提信用减值准备金额约为6803万元，以上合计将减少公司2025年半年度合并利润总额约1.35亿元。 ...

每经头条（nbdtoutiao）——最火游资不再是方新侠、章盟主、佛山无影脚？这名95后声名鹊起！ （记者 王晓波） 每经AI快讯，长虹美菱（SZ 000521，收盘价：7.67元）8月20日晚间发布公告称，公司第十一届第二十 次董事会会议于2025年8月19日以现场会议方式召开。会议审议了《关于公司对四川长虹集团财务有限 公司的风险持续评估报告》等文件。 2024年1至12月份，长虹美菱的营业收入构成为：家用电器制造占比99.07%，其他业务占比0.93%。 截至发稿，长虹美菱市值为79亿元。 ...

长虹美菱（SZ 000521，收盘价：7.67元）8月20日晚间发布半年度业绩报告称，2025年上半年营业收入 约180.72亿元，同比增加20.8%；归属于上市公司股东的净利润约4.17亿元，同比增加0.26%；基本每股 收益0.4051元，同比增加0.27%。 （文章来源：每日经济新闻） ...

每经AI快讯，长虹美菱8月20日披露半年报，公司上半年实现营业收入180.72亿元，同比增长20.80%； 归属于上市公司股东的净利润4.17亿元，同比增长0.26%；基本每股收益0.4051元。 ...