爱克股份2025年中报简析：营收上升亏损收窄，公司应收账款体量较大

Financial Performance - The company reported a total revenue of 531 million yuan for the first half of 2025, representing a year-on-year increase of 39.88% [1] - The net profit attributable to shareholders was -12.03 million yuan, showing a year-on-year improvement of 78.62% [1] - In Q2 2025, total revenue reached 375 million yuan, up 79.81% year-on-year, with a net profit of 3.57 million yuan, an increase of 116.81% year-on-year [1] Key Financial Ratios - Gross margin was 18.84%, down 10.71% year-on-year, while net margin improved to -2.21%, an increase of 85.45% year-on-year [1] - The ratio of selling, administrative, and financial expenses to revenue was 16.96%, a decrease of 41.33% year-on-year [1] - Earnings per share improved to -0.06 yuan, a year-on-year increase of 78.62% [1] Balance Sheet Highlights - Cash and cash equivalents increased to 600 million yuan, up 86.97% year-on-year [1] - Accounts receivable stood at 786 million yuan, a 5.88% increase year-on-year, accounting for 86.99% of total revenue [1] - Interest-bearing debt rose significantly to 558 million yuan, an increase of 114.87% year-on-year [1] Cash Flow Analysis - Operating cash flow per share was 0.08 yuan, reflecting a substantial year-on-year increase of 138.83% [1] - The company has a healthy cash position, but the cash flow situation requires attention, with cash assets covering only 58.3% of current liabilities [3]