LCXX(SZ:000977) Zheng Quan Zhi Xing·2025-08-27 22:56Financial Performance - The company reported total revenue of 80.192 billion yuan for the first half of 2025, a year-on-year increase of 90.05% [1] - The net profit attributable to shareholders was 799 million yuan, up 34.87% year-on-year [1] - In Q2 2025, total revenue reached 33.334 billion yuan, reflecting a 35.87% increase compared to the same quarter last year [1] - The net profit for Q2 was 336 million yuan, which is a 16.12% year-on-year increase [1] - The gross margin was 4.55%, down 41.26% year-on-year, while the net margin was 1.0%, a decrease of 26.68% [1] - Total selling, administrative, and financial expenses amounted to 1.078 billion yuan, accounting for 1.34% of revenue, down 40.06% year-on-year [1] - Earnings per share (EPS) was 0.54 yuan, an increase of 34.85% year-on-year [1] Accounts Receivable and Cash Flow - Accounts receivable increased significantly, with a year-on-year growth rate of 48.7% [1] - The cash flow per share was -3.79 yuan, a decrease of 22.99% year-on-year [1] - The cash assets are reported to be very healthy, but the cash flow situation requires attention, with cash assets to current liabilities at only 28.98% [2] Investment and Market Position - The company's return on invested capital (ROIC) was 7.84% last year, indicating average capital returns [2] - The historical median ROIC over the past decade was 8.37%, with a notable low of 5.87% in 2016 [2] - The company has had one loss year since its IPO, suggesting a need for careful analysis of its financial history [2] Fund Holdings - The largest fund holding the company’s shares is the E Fund CSI Artificial Intelligence Theme ETF, with 8.8488 million shares [3] - Other funds that have increased their holdings include the Huaxia CSI Artificial Intelligence Theme ETF and the Tianhong CSI Computer ETF [3] - The E Fund CSI Artificial Intelligence Theme ETF has a current scale of 16.578 billion yuan and has seen a 114.5% increase over the past year [3]