国统股份(002205.SZ)：上半年净亏损2527.63万元

Core Insights - The company reported a revenue of 189.81 million yuan for the first half of the year, representing a year-on-year growth of 6.96% [1] - The overall gross profit margin increased to 38.94%, up by 10.02% year-on-year, while the gross profit margin for PCCP rose to 36.89%, reflecting a 12.57% increase [1] - The net profit attributable to shareholders was -25.28 million yuan, showing a year-on-year increase of 45.47% in losses [1] Financial Performance - Revenue: 189.81 million yuan, up 6.96% year-on-year [1] - Operating costs: 115.91 million yuan, down 8.12% year-on-year [1] - Overall gross profit margin: 38.94%, up 10.02% year-on-year [1] - PCCP gross profit margin: 36.89%, up 12.57% year-on-year [1] - Sales profit margin: -17.65%, up 8.47% year-on-year [1] Expense Analysis - Sales expenses: 1.43 million yuan, down 40.53% year-on-year [1] - Management expenses: 49.45 million yuan, up 18.66% year-on-year [1] - Financial expenses: 51.10 million yuan, up 0.18% year-on-year [1] Cash Flow and Debt - Net cash flow from operating activities decreased by 181.51% due to increased cash payments for purchased goods and services [1] - The total interest-bearing liabilities increased, leading to a rising asset-liability ratio as the PPP business continues to progress [1]