Core Insights - Future Electric (301386) reported a total revenue of 288 million yuan for the first half of 2025, representing a year-on-year increase of 11.95% [1] - The net profit attributable to shareholders reached 48.45 million yuan, up 8.49% year-on-year [1] - The company’s gross margin improved to 27.84%, an increase of 4.3% compared to the previous year [1] Financial Performance - Total revenue for 2024 was 257 million yuan, while it increased to 288 million yuan in 2025, showing an 11.95% growth [1] - Net profit attributable to shareholders rose from 44.66 million yuan in 2024 to 48.45 million yuan in 2025, marking an 8.49% increase [1] - The company’s operating cash flow per share surged to 0.54 yuan, a significant increase of 215.74% year-on-year [1] Cost and Efficiency Metrics - The total of selling, administrative, and financial expenses amounted to 18.36 million yuan, accounting for 6.38% of revenue, which is a 47.03% increase year-on-year [1] - The net profit margin decreased slightly to 16.83%, down 3.09% from the previous year [1] - The company’s return on invested capital (ROIC) was reported at 5.46%, indicating average capital returns [3] Accounts Receivable and Cash Flow - Accounts receivable reached 179 million yuan, representing a 14.07% increase from the previous year [1] - The accounts receivable to net profit ratio stood at 198.19%, indicating a significant amount of receivables relative to profit [3] - The net increase in cash and cash equivalents was up by 83.85%, attributed to a decrease in cash outflow from investment activities [2]
未来电器2025年中报简析:营收净利润同比双双增长,公司应收账款体量较大