Gettop(SZ:002655) Zheng Quan Zhi Xing·2025-08-15 23:04Core Viewpoint - The recent financial report of Comda Electronics (002655) shows significant growth in revenue and net profit for the first half of 2025, indicating a positive trend in the company's performance [1]. Financial Performance - Total revenue for the first half of 2025 reached 653 million yuan, a year-on-year increase of 22.13% compared to 535 million yuan in 2024 [1]. - Net profit attributable to shareholders was 43.08 million yuan, up 31.89% from 32.66 million yuan in the previous year [1]. - The second quarter alone saw total revenue of 362 million yuan, reflecting a 31.4% increase year-on-year, with net profit of 21.23 million yuan, up 37.05% [1]. Key Financial Metrics - Gross margin improved to 30.44%, an increase of 5.5% year-on-year, while net margin rose to 6.85%, up 7.97% [1]. - Total expenses (selling, administrative, and financial) amounted to 76.67 million yuan, accounting for 11.74% of revenue, which is a 14.06% increase year-on-year [1]. - Earnings per share increased to 0.12 yuan, a rise of 31.97% from 0.09 yuan [1]. Cash Flow and Debt - Operating cash flow per share decreased to 0.06 yuan, down 54.99% year-on-year [1]. - The company experienced a significant increase in accounts receivable, which rose by 56.23% to 472 million yuan [1]. - Interest-bearing liabilities increased by 69.25% to 562 million yuan, indicating a rise in financial leverage [1]. Investment and R&D - Research and development expenses increased by 43.08%, attributed to higher employee compensation and material costs [2]. - The company's return on invested capital (ROIC) was reported at 9.31%, which is considered average [2]. Fund Holdings - The largest fund holding Comda Electronics is Minsheng Jia Yin Continuous Growth Mixed A, with 6.67 million shares held [3]. - Other funds that have recently increased their holdings include Penghua High-Quality Growth Mixed A and Penghua Stable Return Mixed A [3].