（文章来源：证券日报） 证券日报网讯力星股份9月3日在互动平台回答投资者提问时表示，截至2025年8月29日，公司股东人数 为27699户。 ...

证券日报网讯力星股份8月27日在互动平台回答投资者提问时表示，截至2025年8月20日，公司股东人数 为28，911户。 （文章来源：证券日报） ...

金融界消息 截至2025年8月22日收盘，力星股份（300421）报收于17.0元，上涨2.84%，换手率 11.41%，成交量26.29万手，成交金额4.43亿元。 天眼查商业履历信息显示，江苏力星通用钢球股份有限公司，成立于2000年，位于南通市，是一家以从 事通用设备制造业为主的企业。企业注册资本29403.0484万人民币，实缴资本29403.0484万人民币。公 司法定代表人为施祥贵。 通过天眼查大数据分析，江苏力星通用钢球股份有限公司共对外投资了13家企业，参与招投标项目17 次，知识产权方面有商标信息10条，专利信息279条，此外企业还拥有行政许可16个。 来源：金融界 资金流向方面，今日主力资金净流入3128.63万元，占比成交额7.07%。其中，超大单净流入2164.73万 元、占成交额4.89%，大单净流入963.90万元、占成交额2.18%，中单净流出流出447.78万元、占成交额 1.01%，小单净流出2680.85万元、占成交额6.05%。 力星股份最新一期业绩显示，截至2025中报，公司营业总收入5.35亿元、同比增长4.53%，归属净利润 3755.78万元，同比增长5.94%， ...

Group 1 - The company, Lixing Co., reported that as of August 8, 2025, the number of shareholders is 28,948 [2]

金融界消息 截至2025年8月13日收盘，力星股份（300421）报收于16.69元，上涨0.06%，换手率 6.62%，成交量15.24万手，成交金额2.54亿元。 资金流向方面，今日主力资金净流出3027.07万元，占比成交额11.94%。其中，超大单净流出1129.44万 元、占成交额4.45%，大单净流出1897.63万元、占成交额7.48%，中单净流出流出1051.37万元、占成交 额4.15%，小单净流入4078.45万元、占成交额16.08%。 天眼查商业履历信息显示，江苏力星通用钢球股份有限公司，成立于2000年，位于南通市，是一家以从 事通用设备制造业为主的企业。企业注册资本29403.0484万人民币，实缴资本29403.0484万人民币。公 司法定代表人为施祥贵。 力星股份最新一期业绩显示，截至2025中报，公司营业总收入5.35亿元、同比增长4.53%，归属净利润 3755.78万元，同比增长5.94%，扣非净利润3408.79万元，同比减少1.39%，流动比率1.571、速动比率 1.067、资产负债率36.49%。 通过天眼查大数据分析，江苏力星通用钢球股份有限公司共对外投资了13 ...

格隆汇8月13日丨力星股份(300421.SZ)于投资者互动平台表示，公司一直致力于高铁滚子的研制，参与 了CR350动车组零部件的开发，并且通过路试，同时一直在研发更高阶的动车及高铁项目的相关滚动 体。 ...

Revenue and Profit - The total operating revenue of the company for the first half of 2025 was 535 million yuan, an increase of 4.53% year-on-year [2] - The net profit attributable to shareholders was 37.56 million yuan, up 5.94% year-on-year, while the net profit after deducting non-recurring gains and losses was 34.09 million yuan, down 1.39% year-on-year [2] - In Q2 2025, the operating revenue was 283 million yuan, a year-on-year increase of 4.41%, and the net profit attributable to shareholders was 20.43 million yuan, up 1.84% year-on-year [2] Financial Indicators - The accounts receivable amounted to 383 million yuan, which is 694.2% of the latest annual net profit [4] - The net cash flow from operating activities was -0.17 yuan, a decrease of 352.95% year-on-year, indicating significant pressure on cash flow management [4] - The gross profit margin was 17.13%, a decrease of 8.06% year-on-year, while the net profit margin was 7.02%, an increase of 1.35% year-on-year [9] Main Business Composition - The main source of revenue comes from steel balls and rollers, with steel ball revenue at 455 million yuan, accounting for 85% of total revenue, and a gross margin of 16.45% [5] - Roller revenue was 70.91 million yuan, accounting for 13.25% of total revenue, with a gross margin of 18.95% [5] Operational Review - The company is a leading enterprise in the field of precision bearing rolling elements, focusing on R&D, production, and sales [6] - Despite revenue and net profit growth, the decline in net profit after deducting non-recurring items and issues with cash flow and accounts receivable are notable challenges [6] Development Overview - The company possesses internationally advanced technology and a complete set of core technologies and production processes, with product performance exceeding international standards [7] - The company has implemented intelligent single-machine operations and automated production lines, ensuring traceability of product quality [7] Financial Analysis Summary - Overall, the company showed certain revenue growth in the 2025 mid-term report but faces challenges in cash flow management and accounts receivable [8]

Core Viewpoint - Lixing Co., Ltd. reported a moderate increase in revenue and net profit for the first half of 2025, but faced challenges with cash flow and profitability metrics [1][3]. Financial Performance - The total revenue for the first half of 2025 reached 535 million yuan, a year-on-year increase of 4.53% [1]. - The net profit attributable to shareholders was 37.56 million yuan, up 5.94% year-on-year [1]. - In Q2 2025, the revenue was 283 million yuan, reflecting a 4.41% increase compared to the same quarter last year [1]. - The net profit for Q2 2025 was 20.43 million yuan, showing a 1.84% increase year-on-year [1]. Profitability Metrics - The gross margin decreased to 17.13%, down 8.06% year-on-year [1]. - The net profit margin improved slightly to 7.02%, an increase of 1.35% year-on-year [1]. - The total of selling, administrative, and financial expenses was 20.46 million yuan, accounting for 3.82% of revenue, a decrease of 28.5% year-on-year [1]. Cash Flow and Debt - The company reported a significant increase in cash and cash equivalents, reaching 159 million yuan, up 89.69% year-on-year [1]. - Accounts receivable stood at 383 million yuan, a 1.07% increase from the previous year [1]. - Interest-bearing debt rose to 363 million yuan, marking a 90.88% increase year-on-year [1]. Shareholder Metrics - Earnings per share (EPS) increased to 0.13 yuan, a rise of 5.89% year-on-year [1]. - The net asset value per share decreased slightly to 4.27 yuan, down 1.09% year-on-year [1]. - Operating cash flow per share was reported at -0.17 yuan, a significant decline of 352.95% year-on-year [1]. Investment Insights - The company's return on invested capital (ROIC) was reported at 4.02%, indicating weak capital returns [3]. - The historical median ROIC since the company went public is 6.59%, suggesting average investment returns [3]. - The company relies heavily on research and development for its business model, necessitating further analysis of this driving force [3]. Fund Holdings - The largest fund holding Lixing Co., Ltd. is the Jinyuan Shun'an Xinyi Mixed Initiation A fund, with a current scale of 11 million yuan [3].

Financial Performance - The company's total revenue is 535 million yuan, with a net profit attributable to shareholders of 37.56 million yuan. The net cash inflow from operating activities is -50.53 million yuan, a decrease of 70.51 million yuan compared to the same period last year, representing a year-on-year decline of 352.95% [1] - The latest gross profit margin is 17.13%, which is a decrease of 1.50 percentage points compared to the same period last year. The latest return on equity (ROE) is 2.99% [4] Balance Sheet Metrics - The company's latest debt-to-asset ratio is 36.49%, an increase of 0.48 percentage points from the previous quarter and an increase of 7.99 percentage points compared to the same period last year [3] - The latest total asset turnover ratio is 0.28 times, a decrease of 0.01 times compared to the same period last year, representing a year-on-year decline of 3.24%. The latest inventory turnover ratio is 1.44 times [5] Shareholder Information - The number of shareholders is 30,800, with the top ten shareholders holding a total of 100 million shares, accounting for 34.06% of the total share capital. The largest shareholder is Shi Xianggui, holding 22.71% [5]

Core Viewpoint - Lixing Co., Ltd. (300421.SZ) reported a decline in institutional ownership in its semi-annual report for 2025, with a total of 3 institutional investors holding 4.8361 million shares, representing 1.64% of the total share capital, a decrease of 2.81 percentage points from the previous quarter [1] Institutional Investors - As of August 8, 2025, the total shares held by institutional investors decreased to 4.8361 million, accounting for 1.64% of Lixing's total share capital [1] - The institutional investors include China Construction Bank Co., Ltd. - Guoshou Anbao Smart Life Equity Fund, Hangzhou Yichen Private Fund Management Co., Ltd. - Hangzhou Chenyue No. 1 Private Securities Investment Fund, and Jinyuan Shun'an Xinyi Mixed Initiation A [1] - The overall institutional holding ratio fell by 2.81 percentage points compared to the previous quarter [1] Public Funds - One public fund, Guoshou Anbao Smart Life Equity A, increased its holdings slightly compared to the previous period [1] - A new public fund disclosed this period is Jinyuan Shun'an Xinyi Mixed Initiation A [1] - Three public funds that were previously disclosed did not report this period, including Huashang Zhenxuan Return Mixed A, Huashang Lexiang Internet Flexible Allocation Mixed A, and Ping An CSI 2000 Enhanced Strategy ETF [1] Foreign Investment - One foreign institution, BARCLAYS BANK PLC, did not disclose its holdings this period compared to the previous quarter [1]