Core Insights - The company, Beiwai Technology, reported a significant increase in revenue of 47.26% for the first half of 2025, but it faced a net loss, indicating a trend of revenue growth without corresponding profit increase [1][3] - Key profitability metrics such as net profit margin, gross profit margin, and return on equity have all declined, reflecting a deterioration in overall profitability [1][3] Financial Performance - The net profit margin fell from 8.63% in the first half of 2024 to -2.69% in 2025, while the gross profit margin decreased from 41.74% to 37.28%, marking three consecutive years of decline [3] - Return on equity decreased by 1.13 percentage points to -0.26% year-on-year [3] Operational Efficiency - The inventory turnover days increased by 8.05% to 12.32 days, indicating a decline in inventory management efficiency [5] - The net cash flow from operating activities turned negative at -0.07 billion, a shift from positive cash flow in the same period of 2024, highlighting worsening cash flow conditions [5] - The asset-liability ratio for the first half of 2025 was 12.50%, an increase of 1.49 percentage points year-on-year [5] Institutional Investment - The number of institutional investors holding Beiwai Technology shares dropped sharply from 18 in 2024 to just 2, indicating a significant decrease in investor confidence [7] - The company's market capitalization peaked at 96.64 billion in June 2015, and the current market cap stands at 69.20 billion, requiring a 39.64% increase in stock price to reach its historical high [7]
北纬科技2025上半年归母净利润转为亏损,净利率跌至-2.69%