CHIFENG GOLD(SH:600988) Sou Hu Cai Jing·2025-08-23 03:27Financial Performance - For the first half of 2025, the company's operating revenue was 5,272.03 million, with a total profit of 1,861.78 million and a net profit attributable to shareholders of 1,106.90 million [1] - The net profit excluding non-recurring gains and losses was 1,111.90 million, and the net cash flow from operating activities was 1,612.73 million [1] - The company's weighted average return on equity for the first half of 2025 was 11.23%, an increase of 0.27 percentage points year-on-year [21] Cash Flow and Investment - The net cash flow from operating activities increased by 12.39% year-on-year to 16.13 billion, while the net cash flow from financing activities rose by 20.7 billion [24] - The net cash flow from investment activities was -8.65 billion, compared to -3.12 billion in the same period last year [24] Asset and Liability Changes - As of the end of the first half of 2025, the company's monetary funds increased by 86.55%, while fixed assets decreased by 3.27% [35] - The company's total asset turnover ratio was 0.64 times, and the fixed asset turnover ratio was 1.73 times [31] Shareholder Structure - The top ten shareholders as of the end of the first half of 2025 included a new shareholder, Yongying Zhongzheng HuShenGang Gold Industry ETF, replacing the previous quarter's National Social Security Fund [50] - The shareholding proportions of several existing shareholders, including Hong Kong Central Clearing (Agent) Co., Ltd., increased, while others saw a decrease [51] Valuation Metrics - As of August 22, the company's price-to-earnings ratio (TTM) was approximately 21.39 times, the price-to-book ratio (LF) was about 3.98 times, and the price-to-sales ratio (TTM) was around 4.58 times [1]