JINHUIINC.(SH:603132) Zheng Quan Zhi Xing·2025-08-16 22:46Core Viewpoint - Jin Hui Co., Ltd. reported a strong performance in its 2025 mid-year financial results, with significant increases in revenue and net profit compared to the previous year [1] Financial Performance - Total revenue reached 792 million yuan, a year-on-year increase of 10.5% [1] - Net profit attributable to shareholders was 253 million yuan, up 19.62% year-on-year [1] - In Q2 alone, revenue was 449 million yuan, reflecting a 7.46% increase year-on-year, while net profit for the quarter was 159 million yuan, up 20.33% [1] - Gross margin improved to 64.18%, an increase of 6.49% year-on-year, and net margin rose to 31.76%, up 9.09% [1] Cost and Expenses - Total selling, administrative, and financial expenses amounted to 175 million yuan, accounting for 22.1% of revenue, which is a 20.11% increase year-on-year [1] - Management expenses increased by 26.15% due to new costs associated with the closure of a tailings pond at the Jiangluo mining area [3] Cash Flow and Assets - Operating cash flow per share was 0.34 yuan, a year-on-year increase of 19.51% [1] - The company experienced a significant increase in accounts receivable, which rose by 81.23% to 24.30 million yuan [3] - Cash and cash equivalents decreased by 24.65% to 587 million yuan [3] Debt and Liabilities - Interest-bearing liabilities increased by 51.38% to 3.863 billion yuan [1] - The company’s debt-to-asset ratio reached 50.82%, indicating a high level of leverage [5] - Long-term borrowings rose by 65.94% due to increased loans from financial institutions [3] Return on Investment - The company's return on invested capital (ROIC) was reported at 9.97%, with a historical median ROIC of 11.31% since its listing [4]