Xin Lang Cai Jing·2025-08-26 02:01Core Insights - *ST Rock (600696.SH) reported a significant decline in revenue and profitability for the first half of 2025, with total revenue of 28.25 million yuan, down 85.22% year-on-year [1][3] - The company recorded a net profit attributable to shareholders of -67.77 million yuan, ranking 10th among its peers [1] - The company's financial health is concerning, with a debt-to-asset ratio of 74.38%, an increase of 11.53 percentage points compared to the same period last year [3] Financial Performance - Total revenue for the first half of 2025 was 28.25 million yuan, a decrease of 163 million yuan from the same period last year [1] - The net profit attributable to shareholders was -67.77 million yuan, ranking 10th among disclosed peers [1] - Operating cash flow was 6.32 million yuan, ranking 8th among peers [1] Key Financial Ratios - The debt-to-asset ratio stood at 74.38%, up 2.40 percentage points from the previous quarter and 11.53 percentage points from the same period last year [3] - Gross margin was 51.16%, down 14.42 percentage points year-on-year, ranking 10th among peers [3] - Return on equity (ROE) was -20.44%, a decrease of 5.79 percentage points compared to the same period last year [3] Earnings and Turnover Metrics - Diluted earnings per share were -0.20 yuan, ranking 10th among peers [3] - Total asset turnover ratio was 0.01 times, down 83.68% year-on-year [3] - Inventory turnover ratio was 0.03 times, a decline of 75.41% compared to the same period last year [3] Shareholder Structure - The number of shareholders is 29,000, with the top ten shareholders holding 235 million shares, accounting for 70.33% of total equity [3] - The largest shareholder is Shanghai Guijiu Enterprise Development Co., Ltd., holding 42.8% of shares [3]