Asia-Potash(SZ:000893) Sou Hu Cai Jing·2025-08-28 22:46Core Viewpoint - The recent financial report of Yara International (000893) shows significant growth in revenue and net profit for the first half of 2025, indicating improved profitability and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 reached 2.522 billion yuan, a year-on-year increase of 48.54% compared to 1.698 billion yuan in the same period of 2024 [1]. - Net profit attributable to shareholders was 855 million yuan, up 216.64% from 270 million yuan in the previous year [1]. - In Q2 2025, total revenue was 1.309 billion yuan, reflecting a 23.0% increase year-on-year, while net profit for the quarter was 470 million yuan, a rise of 149.17% [1]. Profitability Metrics - Gross margin improved to 57.5%, an increase of 17.21% year-on-year, while net margin rose to 33.82%, up 125.65% [1]. - The total of selling, administrative, and financial expenses was 288 million yuan, accounting for 11.43% of revenue, a decrease of 40.42% compared to the previous year [1]. Cash Flow and Assets - Cash flow per share reached 0.9 yuan, a significant increase of 220.31% year-on-year, while earnings per share rose to 0.94 yuan, up 220.7% [1]. - The company reported cash and cash equivalents of 1.023 billion yuan, a 73.34% increase from 590 million yuan in the previous year [1]. Investment Insights - Analysts expect the company's performance for 2025 to reach 1.855 billion yuan, with an average earnings per share forecast of 2.0 yuan [3]. - The company's return on invested capital (ROIC) was 6.39% last year, indicating a generally weak capital return over the past decade, with a median ROIC of 1.35% [4]. Shareholder Activity - Several funds have increased their holdings in Yara International, with the largest being the Southern Xingrun Value One-Year Holding Mixed Fund, which holds 7.6879 million shares [5].