甘咨询2025年中报简析：营收净利润同比双双增长，盈利能力上升

Financial Performance - The company reported a total revenue of 924 million yuan for the first half of 2025, representing a year-on-year increase of 2.64% [1] - The net profit attributable to shareholders reached 133 million yuan, up 5.29% year-on-year [1] - In Q2 2025, the revenue was 511 million yuan, showing an 8.86% increase compared to the same quarter last year [1] - The net profit for Q2 was 78.13 million yuan, reflecting a 6.33% year-on-year growth [1] Profitability Metrics - The gross margin improved to 42.48%, with a year-on-year increase of 5.96% [1] - The net margin also increased to 14.42%, up 2.38% year-on-year [1] - Earnings per share (EPS) rose to 0.29 yuan, a 5.29% increase compared to the previous year [1] Asset and Liability Management - The company's cash and cash equivalents decreased by 3.62% to 1.579 billion yuan [1] - Accounts receivable increased by 5.78% to 1.675 billion yuan [1] - Interest-bearing debt decreased by 21.10% to 46.88 million yuan [1] Historical Performance and Outlook - The company's return on invested capital (ROIC) was 5.15% last year, indicating average capital returns [3] - The historical median ROIC over the past decade stands at 9.62%, with a notable low of -12.14% in 2015 [3] - Analysts expect the company's performance in 2025 to reach 247 million yuan, with an average EPS forecast of 0.53 yuan [3]