百合花2025年中报简析：净利润同比下降0.67%，盈利能力上升

Core Insights - The company reported a total revenue of 1.125 billion yuan for the first half of 2025, a year-on-year decrease of 7.83% [1] - The net profit attributable to shareholders was 99.537 million yuan, down 0.67% year-on-year [1] - The company's gross margin increased by 5.49% to 21.48%, and the net margin rose by 4.53% to 10.04% [1] Financial Performance - Total revenue for 2024 was 1.221 billion yuan, compared to 1.125 billion yuan in 2025, reflecting a decline of 7.83% [1] - Net profit for 2024 was 100 million yuan, while for 2025 it was 99.537 million yuan, showing a slight decrease of 0.67% [1] - The company's operating cash flow per share decreased by 22.37% to 0.18 yuan [1] Cost Management - Total selling, administrative, and financial expenses amounted to 54.8474 million yuan, accounting for 4.87% of revenue, a decrease of 2.55% year-on-year [1] - The company maintained a healthy cash asset position, indicating strong liquidity [2] Accounts Receivable - The accounts receivable to profit ratio reached 282.08%, suggesting a need for attention to the accounts receivable situation [3]