Yueda Inv.(SH:600805) Sou Hu Cai Jing·2025-08-18 13:17Financial Performance - For the first half of 2025, the company's operating revenue was approximately 1.36 billion, a decrease from 1.74 billion in the same period last year, representing a decline of about 22% [1] - The net profit attributable to shareholders was approximately 14 million, an increase from about 11 million in the previous year, showing a growth of approximately 27% [1] - The net cash flow from operating activities was approximately 5.59 million, a significant improvement from a negative cash flow of about 65.92 million in the same period last year [1] Profitability Metrics - The company's weighted average return on equity for the first half of 2025 was 0.27%, an increase of 0.04 percentage points year-on-year [24] - The return on invested capital for the same period was 0.54%, up by 0.27 percentage points compared to the previous year [24] Asset and Liability Changes - As of the end of the first half of 2025, the company's fixed assets increased by 27.48% compared to the end of the previous year, while construction in progress decreased by 32.56% [37] - Long-term borrowings increased by 17.52%, and non-current liabilities due within one year surged by 89.59% [40] Shareholder Structure - As of the end of the first half of 2025, the largest shareholder, Jiangsu Yueda Group Co., Ltd., maintained a holding of approximately 33.99% [51] - A new shareholder, Liu Shuang, entered the top ten shareholders, replacing the previous holder, Boshi Zhongzheng Financial Asset Management Plan [51] Valuation Ratios - As of August 15, 2025, the company's price-to-earnings ratio (TTM) was approximately 155.35, the price-to-book ratio (LF) was about 1.07, and the price-to-sales ratio (TTM) was around 1.78 [1]