新联电子2025年中报简析：营收净利润同比双双增长，盈利能力上升

Group 1 - The core viewpoint of the news is that Xinlian Electronics (002546) has shown significant growth in its financial performance for the first half of 2025, with notable increases in revenue and net profit [1] - The company's total revenue reached 377 million yuan, a year-on-year increase of 9.93%, while the net profit attributable to shareholders was 188 million yuan, up 555.38% year-on-year [1] - In Q2 2025, the revenue was 200 million yuan, reflecting an 8.52% increase compared to the same quarter last year, and the net profit for the quarter was 80.7 million yuan, which is a 428.33% increase year-on-year [1] Group 2 - The gross profit margin for the reporting period was 37.04%, with a year-on-year increase of 5.27%, and the net profit margin was 49.93%, up 505.16% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 28.9 million yuan, accounting for 7.67% of revenue, which is a decrease of 3.17% year-on-year [1] - The earnings per share (EPS) was 0.23 yuan, reflecting a year-on-year increase of 555.35%, while the operating cash flow per share was 0.04 yuan, down 58.21% year-on-year [1] Group 3 - The company's return on invested capital (ROIC) was 8.01% last year, indicating a generally average capital return rate, with a historical median ROIC of 5.01% over the past decade [2] - The net profit margin last year was 34.55%, suggesting a high added value for the company's products or services [2] - The company's cash assets are reported to be very healthy, indicating strong solvency [2] Group 4 - The largest fund holding Xinlian Electronics is the Great Wall Quantitative Small Cap Stock A, with a holding of 158,400 shares, newly entering the top ten holdings [3] - The fund has a scale of 81 million yuan and a latest net value of 1.3776 as of August 15, with a year-on-year increase of 30.43% [3] - Other funds that have newly entered the top ten holdings include Huatai-PineBridge CSI 2000 ETF and Baoying Xianghe 9-Month Open Mixed A [3]