Core Viewpoint - Mingyang Electric (301291.SZ) reported a total operating revenue of 3.475 billion yuan and a net profit attributable to shareholders of 306 million yuan for the first half of 2025, indicating a decrease in cash flow from operating activities compared to the previous year [1] Financial Performance - Total operating revenue for the company was 3.475 billion yuan [1] - Net profit attributable to shareholders was 306 million yuan [1] - Cash flow from operating activities was -734 million yuan, a decrease of 284 million yuan compared to the same period last year, ranking 101 among peers [1] - The latest asset-liability ratio was 48.53%, an increase of 2.18 percentage points from the previous quarter and 5.16 percentage points from the same period last year, ranking 56 among peers [3] - The latest gross profit margin was 20.99%, a decrease of 0.80 percentage points from the previous quarter and 2.27 percentage points from the same period last year, ranking 60 among peers [3] - Return on equity (ROE) was 6.43% [3] - Diluted earnings per share were 0.98 yuan [4] Operational Efficiency - The latest total asset turnover ratio was 0.37 times [5] - The latest inventory turnover ratio was 2.38 times [5] Shareholder Structure - The number of shareholders was 13,200, with the top ten shareholders holding 206 million shares, accounting for 66.00% of the total share capital [5] - The largest shareholder, Zhongshan Mingyang Electric Co., Ltd., held 41.82% of the shares [5]
明阳电气(301291.SZ)：2025年中报净利润为3.06亿元