友发集团：上半年净利润2.87亿元，同比增长160.36%

Core Insights - The company reported a revenue of 24.888 billion yuan for the first half of 2025, representing a year-on-year decrease of 5.81% [1] - The net profit attributable to shareholders was 287 million yuan, showing a significant year-on-year increase of 160.36% [1] - Basic earnings per share were reported at 0.21 yuan [1] Revenue Analysis - The decline in revenue is attributed to a combination of factors including a slowdown in actual demand and changes in the international trade environment [1] - The first quarter saw a positive outlook in the welded pipe market due to favorable policies and support from raw material prices, leading to price fluctuations [1] - In the second quarter, the market faced downward price adjustments driven by reduced demand and falling raw material prices [1] Profitability Insights - The substantial increase in net profit is notable despite the decline in revenue, indicating effective cost management or other operational efficiencies [1] - The company's ability to achieve a profit growth of over 160% suggests resilience in its business model amid challenging market conditions [1]