Core Insights - Aima Technology (603529) reported a total revenue of 13.031 billion yuan for the first half of 2025, representing a year-on-year increase of 23.04% [1] - The net profit attributable to shareholders reached 1.213 billion yuan, up 27.56% year-on-year [1] - The company's gross margin improved by 7.97% to 19.25%, while the net margin increased by 4.23% to 9.49% [1] Financial Performance - Total revenue for Q2 2025 was 6.798 billion yuan, a 20.59% increase year-on-year [1] - Q2 net profit attributable to shareholders was 608 million yuan, reflecting a 30.08% year-on-year growth [1] - The company's operating cash flow per share surged by 121.2% to 2.98 yuan [1] Expense Analysis - Total selling, administrative, and financial expenses amounted to 738 million yuan, accounting for 5.66% of revenue, which is a 10.14% increase year-on-year [1] - Sales expenses rose by 21.79% due to increased marketing efforts [3] - Management expenses increased by 11.9% primarily due to amortization of land use rights and group information system costs [3] Asset and Liability Changes - Accounts receivable increased by 70.38% to 800 million yuan, attributed to expanded sales [3] - Cash and cash equivalents decreased by 11.11% to 2.967 billion yuan [3] - Short-term borrowings decreased significantly by 67.31% due to the exclusion of certain entities from the consolidation scope [3] Investment and Return Metrics - The company's return on invested capital (ROIC) was 16.96%, indicating strong capital returns [4] - The average expected earnings per share for 2025 is projected at 2.97 yuan [4] - The company has maintained a solid historical financial performance since its listing, with a median ROIC of 15.36% [4] Fund Holdings - The largest fund holding Aima Technology is the Invesco Great Wall Core Growth Mixed A, with 3 million shares held [5] - The fund has shown a year-on-year increase of 30.36% in net value [5]
爱玛科技2025年中报简析:营收净利润同比双双增长,盈利能力上升