GGEP(SH:600236) Xin Lang Cai Jing·2025-08-21 01:45Core Viewpoint - The company, Guiguan Electric Power (600236.SH), reported a decline in both revenue and net profit for the first half of 2025 compared to the same period last year, while showing improvements in cash flow and gross margin [1][3]. Financial Performance - The company's total revenue for the first half of 2025 was 4.155 billion yuan, a decrease of 676 million yuan, representing a year-on-year decline of 13.99% [1]. - The net profit attributable to shareholders was 1.188 billion yuan, down by 250 million yuan, which is a year-on-year decrease of 17.37% [1]. - Operating cash flow increased to 2.907 billion yuan, up by 25.481 million yuan, marking a 0.88% year-on-year increase [1]. Profitability Metrics - The latest gross margin was 49.43%, an increase of 2.71 percentage points from the previous quarter, achieving two consecutive quarters of growth, and up 0.48 percentage points year-on-year [3]. - The diluted earnings per share were 0.15 yuan, down by 0.03 yuan, reflecting a year-on-year decline of 17.07% [4]. Efficiency Ratios - The total asset turnover ratio was 0.08 times, a decrease of 0.02 times year-on-year, representing an 18.24% decline [4]. - The inventory turnover ratio was 5.62 times, down by 2.64 times year-on-year, indicating a 31.91% decrease [4]. Shareholder Structure - The number of shareholders was 43,800, with the top ten shareholders holding 7.479 billion shares, accounting for 94.89% of the total share capital [4]. - The largest shareholder, China Datang Corporation, holds 51.55% of the shares [4].