创业黑马(300688.SZ)：2025年中报净利润为-1165.59万元

Core Insights - The company reported a total operating revenue of 70.56 million yuan for the first half of 2025, a decrease of 30.09% compared to the same period last year, which translates to a reduction of 30.37 million yuan [1] - The net profit attributable to shareholders was -11.66 million yuan, indicating a loss [1] - The net cash flow from operating activities was -42.49 million yuan, down by 1.33 million yuan from the same period last year [1] Financial Metrics - The latest debt-to-asset ratio is 29.38%, which is an increase of 0.50 percentage points from the previous quarter and an increase of 0.28 percentage points from the same period last year [3] - The latest gross profit margin is 47.68%, a decrease of 9.06 percentage points from the previous quarter and a decrease of 1.20 percentage points from the same period last year [3] - The latest return on equity (ROE) stands at -2.83% [3] - The diluted earnings per share is -0.08 yuan [3] - The total asset turnover ratio is 0.12 times, a decrease of 0.02 times from the same period last year, representing a decline of 13.53% [3] Shareholder Information - The number of shareholders is 33,100, with the top ten shareholders holding a total of 60.89 million shares, accounting for 36.38% of the total share capital [3] - The largest shareholder is Niu Wenwen, holding 15.1% of the shares [3]