MEP(SZ:000993) Xin Lang Cai Jing·2025-08-28 16:43Core Insights - The company reported a revenue of 288 million yuan for the first half of 2025, representing a year-on-year increase of 4.48% [1] - The net profit attributable to shareholders was 71.19 million yuan, up 32.96% year-on-year, with a basic earnings per share of 0.16 yuan [1] - The gross margin for the first half of 2025 was 46.98%, a decrease of 0.30 percentage points compared to the previous year, while the net margin increased by 6.25 percentage points to 25.43% [1] Financial Performance - The company’s operating income for the first half of 2025 was 288 million yuan, with a net profit of 71.19 million yuan and a non-recurring net profit of 63.12 million yuan, reflecting increases of 4.48%, 32.96%, and 16.65% respectively [1] - The gross margin for Q2 2025 was 56.81%, down 3.68 percentage points year-on-year but up 21.64% quarter-on-quarter, while the net margin was 38.78%, down 1.01 percentage points year-on-year but up 29.41% quarter-on-quarter [1] Cost Management - Total period expenses for the first half of 2025 were 70.92 million yuan, a decrease of 2.25 million yuan from the previous year, with a period expense ratio of 24.59%, down 1.92 percentage points [2] - Sales expenses decreased by 20.44%, management expenses decreased by 1.70%, and financial expenses decreased by 8.81% year-on-year [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 46,200, a decrease of 3,262 or 6.60% from the previous quarter, while the average market value per shareholder increased by 16.48% from 83,200 yuan to 96,900 yuan [2] Company Overview - Fujian Mindong Electric Power Co., Ltd. is located in Ningde City, Fujian Province, and was established on December 30, 1998, with its listing date on July 31, 2000 [2] - The company primarily engages in electricity production and development, focusing on hydropower and wind power, with 89.70% of its revenue coming from the electricity sector [2]