武汉凡谷：上半年净利润177.22万元 同比下降94.07%

Core Viewpoint - Wuhan Fanggu (002194) reported a revenue of 735 million yuan for the first half of 2025, reflecting a year-on-year growth of 6.25%, but net profit significantly declined by 94.07% to 1.77 million yuan [1] Financial Performance - The company's overall gross margin was 20.34%, a decrease of 4.98 percentage points compared to the same period last year [1] - After excluding the impact of inventory write-down reversals, the actual gross margin was 11.63%, down 6.22 percentage points year-on-year [1] - The decline in gross margin was primarily attributed to a decrease in product sales prices and a higher proportion of low-margin products in total sales [1]