INFUND HOLDING(SZ:002141) Zheng Quan Zhi Xing·2025-08-21 22:31Financial Performance - Company reported total revenue of 613 million yuan for the first half of 2025, a year-on-year increase of 2048.03% [1] - Net profit attributable to shareholders reached 40.19 million yuan, up 638.22% year-on-year [1] - In Q2 2025, total revenue was 319 million yuan, reflecting a year-on-year increase of 2576.72% [1] - Q2 net profit attributable to shareholders was 25.98 million yuan, a year-on-year increase of 364.07% [1] Key Financial Metrics - Gross margin decreased to 7.52%, down 87.84% year-on-year [1] - Net margin was 6.41%, a decline of 47.15% compared to the previous year [1] - Total expenses (selling, administrative, and financial) amounted to 32.88 million yuan, accounting for 5.36% of revenue, a decrease of 94.45% year-on-year [1] - Earnings per share increased to 0.04 yuan, a significant rise of 714.58% year-on-year [1] Accounts Receivable and Cash Flow - Accounts receivable reached 481 million yuan, representing 109.1% of the latest annual revenue [1] - Operating cash flow per share was -0.05 yuan, a decrease of 213.38% year-on-year [1] - Company experienced a significant increase in accounts receivable due to extended payment terms [3] Changes in Financial Items - Cash and cash equivalents decreased by 66.69% due to the expiration of bank acceptance bills [3] - Short-term borrowings increased by 27.28% due to new bank loans from subsidiaries [3] - Revenue growth of 2048.03% attributed to increased income from copper-clad laminates and feed business [3] Historical Performance and Investment Returns - Historical data shows a median ROIC of 0.76% over the past decade, indicating weak investment returns [4] - The company has reported three years of losses since its IPO, suggesting a fragile business model [4] - Cash flow health is a concern, with a cash ratio of 61.77% and negative operating cash flow over the past three years [4]