CJJG(SH:600496) Zheng Quan Zhi Xing·2025-08-28 22:59Financial Performance - The company reported a total revenue of 9.911 billion yuan for the first half of 2025, representing a year-on-year increase of 29.48% [1] - The net profit attributable to shareholders reached 350 million yuan, up 28.06% year-on-year [1] - In Q2 2025, total revenue was 5.091 billion yuan, with a year-on-year growth of 20.08%, and net profit attributable to shareholders was 226 million yuan, increasing by 28.46% [1] Key Financial Metrics - The gross margin was 10.59%, down 17.53% year-on-year, while the net margin was 3.57%, a decrease of 1.31% [1] - Total expenses (selling, administrative, and financial) amounted to 392 million yuan, accounting for 3.95% of revenue, which is a reduction of 23.58% year-on-year [1] - The company's cash flow per share was 0.21 yuan, reflecting a significant increase of 93.01% year-on-year [1] Accounts Receivable and Debt - The accounts receivable reached 3.755 billion yuan, up 17.69% year-on-year, with accounts receivable to net profit ratio at 733.88% [1] - Interest-bearing debt decreased by 10.15% to 3.411 billion yuan [1] Investment Returns - The company's return on invested capital (ROIC) was 4.7%, indicating weak capital returns, with a historical median ROIC of 5.14% over the past decade [3] - The net profit margin for the previous year was 2.85%, suggesting low added value in products or services [3] Fund Holdings - The largest fund holding the company’s shares is the Caitong Huazhen Quantitative Stock Selection Mixed A fund, which holds 2.0924 million shares [4] - The fund's current scale is 0.35 billion yuan, with a recent net value of 1.1959, reflecting a 0.49% increase from the previous trading day and a 33.9% rise over the past year [5]