SENYUAN(SZ:300210) Zheng Quan Zhi Xing·2025-08-23 23:59Financial Performance - The company reported a total revenue of 184 million yuan, an increase of 179.1% year-on-year [1] - The net profit attributable to shareholders reached 8.32 million yuan, up 123.57% year-on-year [1] - In Q2, total revenue was 78.97 million yuan, showing a significant increase of 329.49% year-on-year [1] - The net profit for Q2 was 33,600 yuan, reflecting a growth of 100.17% year-on-year [1] Profitability Metrics - Gross margin improved to 33.82%, an increase of 19.52% year-on-year [1] - Net profit margin reached 4.49%, up 108.36% year-on-year [1] - The total of selling, administrative, and financial expenses was 46.09 million yuan, accounting for 25.07% of revenue, a decrease of 61.84% year-on-year [1] Cash Flow and Debt - Operating cash flow per share was 0.05 yuan, an increase of 124.84% year-on-year [1] - Short-term debt pressure increased, with a current ratio of 0.83 [1] - Cash and cash equivalents increased by 122.68%, attributed to higher sales collections and balanced financing activities [3] Changes in Financial Items - Cash and cash equivalents increased by 65.52% due to increased sales collections [2] - Inventory decreased by 26.44% as a result of increased sales scale [2] - Short-term borrowings rose by 11.48% due to new bank loans [2] Investment and R&D - R&D investment increased by 37.4% due to accelerated project progress and varying investment intensity [3] - Long-term equity investments saw a slight increase of 0.41% due to new investments in joint ventures [2] Historical Performance - The company has a historical median ROIC of -4.41% over the past decade, with a particularly poor ROIC of -21.5% in 2022 [3] - The company has reported losses in 6 out of the 13 annual reports since its listing, indicating a generally poor financial performance history [3]