西藏天路2025年上半年“增收不增利”：营收同比增长近20%

Core Viewpoint - Tibet Tianlu reported a revenue increase of nearly 20% in the first half of 2025, but the net loss expanded to over 100 million yuan, indicating a situation of "increased revenue without increased profit" [1] Group 1: Financial Performance - The company achieved a revenue of approximately 1.409 billion yuan in the first half of 2025, representing a year-on-year growth 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 a 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] - Other segments reported a net profit loss of -0.39 million yuan, and the investment segment had a net profit loss of -29.87 million yuan [2] Group 3: Shareholder Changes - In the second quarter, there was a significant change in the top ten shareholders, with four new shareholders entering and some exiting, while two shareholders increased their stakes [3] - The gross margin for the construction industry was 10.43%, an increase of 3.13 percentage points year-on-year, while the building materials industry gross margin was 11.87%, up by 0.16 percentage points [3]