Financial Performance - The company reported a total revenue of 445 million yuan for the first half of 2025, representing a year-on-year increase of 21.49% [1] - The net profit attributable to shareholders reached 51.38 million yuan, up 52.8% year-on-year [1] - In Q2 2025, total revenue was 221 million yuan, showing a 14.42% increase compared to the same quarter last year [1] - The net profit for Q2 2025 was 32.18 million yuan, reflecting an 82.51% year-on-year growth [1] Profitability Metrics - The gross margin improved to 24.33%, with a year-on-year increase of 15.18% [1] - The net margin rose to 11.55%, marking a 25.77% increase year-on-year [1] - Total selling, administrative, and financial expenses amounted to 30.71 million yuan, accounting for 6.9% of revenue, which is a 20.5% increase year-on-year [1] Key Financial Ratios - Earnings per share (EPS) increased to 0.48 yuan, a 54.84% rise compared to the previous year [1] - The company's return on invested capital (ROIC) was 6.61% last year, indicating average capital returns [3] - The historical median ROIC since the company went public is 18.16%, with the lowest ROIC recorded in 2023 at 6.12% [3] Cash Flow and Debt Management - Cash and cash equivalents increased significantly to 90.19 million yuan, a 164.08% rise year-on-year [1] - The company's interest-bearing debt rose to 27.2 million yuan, reflecting a 779.01% increase [1] - The cash flow situation is a concern, with cash and cash equivalents covering only 30.32% of current liabilities [3]
联合精密2025年中报简析：营收净利润同比双双增长，盈利能力上升