Core Viewpoint - The company reported a mid-year performance for 2025, showing a turnaround in Q2 with a 30.7% increase in non-net profit, despite a decline in revenue [1][5]. Financial Performance - For the first half of 2025, the company generated revenue of 530 million yuan, a year-on-year decrease of 14.3%. The net profit attributable to shareholders was 71 million yuan, an increase of 5.8%, while the non-net profit reached 69 million yuan, up 8.6% [2]. - In Q2 2025, revenue was 290 million yuan, down 16.1% year-on-year. The net profit attributable to shareholders was 45 million yuan, reflecting a 19.1% increase, and the non-net profit was 44 million yuan, up 30.7% [2][5]. GMV and Revenue Dynamics - Both Q1 and Q2 saw positive growth in GMV, attributed to a recovery in Tmall and the addition of eight new brands. However, revenue declined by 14% due to the company's shift to a light asset model and adjustments in low ROE distribution and agency businesses [3]. - The revenue structure changed, with online distribution, brand online marketing, and brand online management services generating 180 million, 160 million, and 140 million yuan respectively, showing year-on-year declines of 29.5%, 11.8%, and an increase of 3.7% [3]. Margin Improvement - Q2 2025 saw a gross margin increase of 6.8 percentage points to 30.8%, primarily due to the reduction of low-margin distribution and agency businesses, along with significant improvements in online management service margins driven by AI [3]. - The gross margin for online management services in H1 2025 increased by 4.3 percentage points year-on-year, indicating sustainable margin improvement [3]. Expense Ratios - In Q2 2025, the expense ratios for sales, management, R&D, and financial expenses were 8.8%, 6.4%, 0.7%, and -2.5%, respectively, with management expenses rising due to investments in AI-related expertise [4]. AI Empowerment and Future Outlook - The company expects continuous improvement in gross margins throughout the year, with anticipated revenue contributions from AI applications in the following year. Employee numbers decreased by 21% by the end of H1 2025, indicating enhanced efficiency [6]. - Cost reductions and efficiency gains are being realized through AI applications across various operational areas, with expectations of increased market share and revenue growth starting in Q1 of the following year [6]. - The company forecasts net profits attributable to shareholders of 110 million yuan in 2025 (up 41% year-on-year) and 140 million yuan in 2026 (up 34% year-on-year), suggesting a strong recommendation for investment [6].

Financial Performance - The company reported a total revenue of 533 million yuan for the first half of 2025, a decrease of 14.3% year-on-year [1] - The net profit attributable to shareholders was 70.71 million yuan, an increase of 5.83% year-on-year [1] - In Q2 2025, total revenue was 285 million yuan, down 16.11% year-on-year, while net profit attributable to shareholders was 44.71 million yuan, up 19.13% year-on-year [1] - The gross margin increased by 7.39% to 29.8%, and the net margin increased by 23.44% to 13.28% [1] Key Financial Ratios - The company’s total expenses (selling, administrative, and financial) amounted to 76.04 million yuan, accounting for 14.27% of revenue, a decrease of 2.81% year-on-year [1] - Earnings per share (EPS) increased by 7.14% to 0.3 yuan, while operating cash flow per share rose by 16.98% to 0.77 yuan [1] - The company’s return on invested capital (ROIC) was reported at 1.72%, indicating weak capital returns [3] Asset and Liability Management - Cash and cash equivalents increased by 17.43% to 1.314 billion yuan, while accounts receivable decreased by 4.86% to 193 million yuan [1] - Interest-bearing debt decreased by 19.11% to 1.715 million yuan, indicating improved debt management [1] Market Position and Investor Sentiment - The company’s historical financial performance has been relatively strong, with a median ROIC of 25.39% since its listing [3] - Analysts expect the company’s performance for 2025 to reach 114 million yuan, with an average EPS forecast of 0.47 yuan [3] - The largest fund holding the company’s shares is the招商丰利灵活配置混合A fund, which has recently increased its position [4][5]

Core Insights - The company reported a total revenue of 533 million yuan for the first half of 2025, ranking 11th among disclosed peers, which represents a decrease of 88.90 million yuan or 14.30% compared to the same period last year [1] - The net profit attributable to shareholders was 70.71 million yuan, with a net cash inflow from operating activities of 183 million yuan [1] Financial Metrics - The latest debt-to-asset ratio is 5.44%, an increase of 1.42 percentage points from the previous quarter [3] - The latest gross profit margin stands at 29.80%, ranking 8th among disclosed peers [3] - The return on equity (ROE) is 2.44% [3] - The diluted earnings per share (EPS) is 0.30 yuan [3] - The total asset turnover ratio is 0.17 times, ranking 13th among disclosed peers, which is a decrease of 0.03 times or 14.64% compared to the same period last year [3] - The inventory turnover ratio is 1.46 times, also ranking 13th among disclosed peers [3]

（记者 张喜威） 每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 每经AI快讯，壹网壹创（SZ 300792，收盘价：29.4元）8月29日发布半年度业绩报告称，2025年上半年 营业收入约5.33亿元，同比减少14.3%；归属于上市公司股东的净利润约7071万元，同比增加5.83%；基 本每股收益0.3元，同比增加7.14%。 ...

Group 1 - The company reported a revenue of 530 million yuan, representing a year-on-year decrease of 14.30% [1] - The net profit attributable to shareholders of the listed company was 70.707 million yuan, showing a year-on-year increase of 5.83% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 69.256 million yuan, reflecting a year-on-year growth of 8.63% [1]

证券代码：300792 证券简称：壹网壹创 公告编号：2025-071 杭州壹网壹创科技股份有限公司 2025 年半年度募集资金存放、管理与使用情况的专项报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 根据中国证券监督管理委员会《上市公司募集资金监管规则》《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》等监管要求及公司《募集资金管 理制度》的规定，杭州壹网壹创科技股份有限公司(以下简称"壹网壹创"或"公司"） 编制了截至 2025 年 6 月 30 日募集资金存放、管理与使用情况的专项报告，具体情况如下： 一、募集资金基本情况 (一)实际募集资金金额、资金到账时间 经中国证券监督管理委员会证监许可[2021]1350 号文核准，公司 2021 年 8 月完成向 12 名特定对象发行人民币普通股 22,310,037 股，每股发行价格为人民币 40.13 元，募集 资 金 总 额 为 人 民 币 895,301,784.81 元 ， 扣 除 本 次 发 行 费 用 （ 不 含 税 ） 人 民 币 7,160,232.71 元，募 ...

关于杭州壹网壹创科技股份有限公司 2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：杭州壹网壹创科技股份有限公司 金额单位：人民币万元 法定代表人：林振宇 主管会计工作负责人：周维 会计机构负责人（会计主管人员）：焦慧超 杭州壹网壹创科技股份有限公司 董事会 2025 年 8 月 29 日 第 2页 共 2页 | 非经营性资 | | | 占用方与上 | 上市公司核算的 | 2025 | 年期初占用 | 2025 年半年度占 | 2025 | 年半年度占 | 2025 年半年度 | 2025 年半年度期 | 占用形成 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 金占用 | 资金占用方名称 | | 市公司的关 | 会计科目 | | 资金余额 | 用累计发生金额 | 用资金的利息 | | 偿还累计发生 | 末占用资金余额 | 原因 | 占用性质 | | | | | 联关系 | | | | （不含利息） | （如有） | | 金额 | | | | | 控股股 ...

证券代码：300792 证券简称：壹网壹创 公告编号：2025-068 （一）审议通过《关于公司<2025年半年度报告>及其摘要的议案》 经审议，董事会认为：公司《2025年半年度报告》及《2025年半年度报告摘 要》包含的信息公允、全面、真实地反映了本报告期的财务状况和经营成果等事 项，所披露的信息真实、准确、完整，不存在任何虚假记载、误导性陈述或者重大 遗漏。 具体内容详见同日披露于巨潮资讯网（www.cninfo.com.cn）的《杭州壹网壹创 科技股份有限公司2025年半年度报告》及《杭州壹网壹创科技股份有限公司2025年 半年度报告摘要》。 杭州壹网壹创科技股份有限公司 第四届董事会第七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 杭州壹网壹创科技股份有限公司（以下简称"公司"）第四届董事会第七次会 议于 2025 年 8 月 28 日以现场及通讯表决相结合的方式在公司会议室召开。本次会 议为定期会议，会议通知已于 2025 年 8 月 18 日以书面方式发出。本次会议由公司 董事长林振宇先生召集并主持，应出 ...

证券代码：300792 证券简称：壹网壹创 公告编号：2025-072 关于作废部分已授予尚未归属的第二类限制性股票 及调整2021年限制性股票激励计划授予价格的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 杭州壹网壹创科技股份有限公司（以下简称"公司"）于2025年8月28日召开第 四届董事会第七次会议及第四届董事会薪酬与考核委员会2025年第四次会议，分别 审议通过了《关于作废部分已授予尚未归属的第二类限制性股票及调整2021年限制 性股票激励计划授予价格的议案》，现将相关事项公告如下： 一、2021年限制性股票激励计划已履行的相关审批程序 1、公司董事会薪酬与考核委员会拟订了《杭州壹网壹创科技股份有限公司2021 年限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"），并提 交公司董事会审议。 2、2021年7月14日，公司召开第二届董事会第二十四次会议和第二届监事会第 二十一次会议，审议通过了《关于<杭州壹网壹创科技股份有限公司2021年限制性 股票激励计划（草案）>及其摘要的议案》、《关于<杭州壹网壹创科技股份有限公 司2021年 ...

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