WYZK(SZ:300420) Zheng Quan Zhi Xing·2025-08-26 23:09Core Viewpoint - Wiyang Control (300420) reported a significant increase in net profit and revenue for the first half of 2025, indicating improved profitability and operational efficiency [1] Financial Performance Summary - Total revenue for H1 2025 reached 459 million yuan, a year-on-year increase of 1.56% compared to 452 million yuan in H1 2024 [1] - Net profit attributable to shareholders was 23.1 million yuan, up 366.75% from a loss of 8.7 million yuan in the same period last year [1] - The gross profit margin improved to 27.65%, reflecting a year-on-year increase of 4.75% [1] - The net profit margin turned positive at 5.69%, a significant increase of 387.83% from -1.98% in H1 2024 [1] - Total expenses (selling, administrative, and financial) amounted to 74.3 million yuan, accounting for 16.2% of revenue, down 11.23% year-on-year [1] Cash Flow and Debt Management - Operating cash flow per share increased to 0.11 yuan, a rise of 376.88% from -0.04 yuan in the previous year [1] - The company reported a decrease in interest-bearing debt to 58.5 million yuan, down 46.70% from 110 million yuan [1] - Cash and cash equivalents decreased by 49.55% to 144 million yuan [1] Investment and Return Metrics - The company’s return on invested capital (ROIC) has been historically low, with a median of 6.66% since its listing, indicating average investment returns [2] - The most challenging year was 2021, with a ROIC of -5.83%, highlighting the company's fragile business model [2]