TTC(SH:600326) Mei Ri Jing Ji Xin Wen·2025-08-19 00:01Core Viewpoint - The company, Xizang Tianlu, reported a revenue increase in the first half of 2025 but faced a net loss, indicating a situation of "increased revenue without increased profit" [1] Group 1: Financial Performance - In the first half of 2025, Xizang Tianlu achieved revenue of approximately 1.409 billion yuan, a year-on-year increase of 19.88% [1] - The net profit attributable to shareholders was approximately -112 million yuan, compared to a loss of 67.32 million yuan in the same period last year [1] - The construction segment generated revenue of 383 million yuan, showing significant growth due to several ongoing projects [2] Group 2: Segment Analysis - The construction segment's net profit was -56.68 million yuan, while the building materials segment faced a net profit loss of -21.43 million yuan due to increased competition and government policy impacts [2] - The overall gross margin for the construction industry was 10.43%, an increase of 3.13 percentage points year-on-year, while the building materials segment had a gross margin of 11.87%, up by 0.16 percentage points [3] Group 3: Shareholder Changes - In the second quarter, there were significant changes among the top ten shareholders, with four new shareholders entering and some existing shareholders reducing their stakes [3]