宝信软件半年报：营收净利双降超三成 存货激增44%

Group 1 - The company reported a revenue of 4.715 billion yuan for the first half of 2025, a year-on-year decrease of 30.08% [1] - The net profit attributable to the parent company was 713 million yuan, down 46.46% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 670 million yuan, with a decline of 48.56% [1] Group 2 - The net cash flow from operating activities was 1.646 billion yuan, an increase of 3.40% year-on-year [1] - The core business was significantly impacted by the long-cycle reduction and structural adjustment in the steel industry [1] - Revenue from software development and engineering services was 3.018 billion yuan, while revenue from outsourcing services was 1.665 billion yuan, and system integration revenue was 22 million yuan [1] Group 3 - The ending inventory increased to 3.927 billion yuan, a growth of 44.19% compared to the beginning of the year [1] - Accounts receivable amounted to 3.895 billion yuan, with a credit impairment loss provision of 52.95 million yuan [1]