SUNDIRO HOLDING(SZ:000571) Zheng Quan Zhi Xing·2025-08-27 22:28Financial Performance - Company reported total revenue of 252 million yuan for the first half of 2025, a decrease of 37.68% year-on-year [1] - Net profit attributable to shareholders was -78.07 million yuan, down 191.62% compared to the previous year [1] - Gross margin decreased to 30.77%, a decline of 24.3% year-on-year, while net margin fell to -37.98%, a drop of 848.89% [1] - Total expenses (selling, administrative, and financial) accounted for 43.73% of revenue, an increase of 50.53% year-on-year [1] Cash Flow and Assets - Cash and cash equivalents decreased by 31.46% to 343 million yuan, primarily due to operational payments and fixed asset purchases [3] - Net cash flow from operating activities dropped by 614.37%, reflecting a significant reduction in cash received from sales [3] - The company’s net increase in cash and cash equivalents fell by 294.15%, attributed to decreased operating cash flow and increased cash payments for fixed asset purchases [3] Investment Returns - Historical data indicates a median Return on Invested Capital (ROIC) of 0.01% over the past decade, with the worst year being 2018 at -26.95% [4] - The company has reported losses in 9 out of 30 annual reports since its listing, indicating a generally poor financial performance [4] - The cash flow situation is concerning, with a ratio of cash and cash equivalents to current liabilities at only 32.29% [4]