Allwinner Technology (SZ:300458) Zheng Quan Zhi Xing·2025-08-22 23:18Core Viewpoint - The recent financial report of Allwinner Technology (300458) shows significant growth in revenue and net profit for the first half of 2025, indicating improved profitability and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 reached 1.337 billion yuan, a year-on-year increase of 25.82% compared to 1.063 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 161 million yuan, up 35.36% from 119 million yuan in the previous year [1]. - In Q2 2025, total revenue was 717 million yuan, reflecting a 9.81% increase year-on-year, while net profit slightly decreased by 0.52% to 69.61 million yuan [1]. - Gross margin improved to 33.03%, a 0.16% increase year-on-year, and net margin rose to 12.05%, up 7.58% [1]. Cost Management - Total selling, administrative, and financial expenses amounted to 33.59 million yuan, representing 2.51% of revenue, a decrease of 4.36% year-on-year [1]. - The company reported a significant increase in operating cash flow per share, which rose by 191.47% to 0.17 yuan [1]. Asset and Liability Management - Cash and cash equivalents decreased by 1.64% to 1.775 billion yuan, while accounts receivable dropped by 23.15% to 42.80 million yuan [1]. - Interest-bearing liabilities decreased by 4.40% to 242 million yuan [1]. Investment and Market Position - The company’s return on invested capital (ROIC) was reported at 3.85%, indicating a relatively low capital return rate [3]. - Analysts project that the company's performance for 2025 will reach 355 million yuan, with an average earnings per share of 0.43 yuan [3]. Fund Holdings - The largest fund holding Allwinner Technology is the Huaxia Growth ETF, with a scale of 4.21 billion yuan and a recent net value increase of 3.11% [4].