LMGF(SZ:002734) Zheng Quan Zhi Xing·2025-08-15 23:04Core Viewpoint - Limin Co., Ltd. reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit, indicating improved profitability and operational efficiency [1][2]. Financial Performance - Total revenue for the first half of 2025 reached 2.452 billion yuan, a year-on-year increase of 6.69% compared to 2.298 billion yuan in the same period of 2024 [1]. - Net profit attributable to shareholders was 269 million yuan, showing a remarkable increase of 747.13% from 31.736 million yuan in the previous year [1]. - The gross profit margin improved to 26.13%, up 44.95% year-on-year, while the net profit margin surged to 11.48%, reflecting a 613.76% increase [1]. - Operating cash flow per share increased to 0.21 yuan, a 166.62% rise from -0.31 yuan in the previous year [1]. Cost and Efficiency - Total selling, administrative, and financial expenses amounted to 256 million yuan, accounting for 10.46% of revenue, a slight decrease of 1.13% year-on-year [1]. - The company reported a significant reduction in interest-bearing liabilities, which decreased by 30.46% to 1.714 billion yuan [1]. Investment and Returns - The company's return on invested capital (ROIC) was reported at 3.45%, indicating a relatively low capital return rate compared to its historical median of 9.94% [2]. - The net profit margin for the previous year was 2.21%, suggesting that the company's products or services have low added value [2]. Business Model and Strategy - The company's performance is primarily driven by research and development as well as marketing efforts, necessitating a thorough examination of these underlying drivers [3]. - Analysts project that Limin Co., Ltd. will achieve a net profit of 511 million yuan in 2025, with an average earnings per share of 1.16 yuan [3]. Shareholder Information - The largest fund holding Limin Co., Ltd. shares is the Southern Strategy Optimization Mixed Fund, which has a current scale of 265 million yuan and has seen a 46.98% increase over the past year [4].