地素时尚2025年中报简析：净利润同比下降23.54%

Financial Performance - The company reported a total revenue of 1.067 billion yuan for the first half of 2025, a decrease of 5.54% year-on-year [1] - The net profit attributable to shareholders was 170 million yuan, down 23.54% compared to the previous year [1] - The gross profit margin increased to 76.23%, up 1.16% year-on-year, while the net profit margin decreased to 15.95%, down 19.05% [1] - The total of selling, administrative, and financial expenses reached 553 million yuan, accounting for 51.81% of revenue, an increase of 12.3% year-on-year [1] Key Financial Ratios - The return on invested capital (ROIC) for the previous year was 6.58%, indicating average capital returns [3] - The historical median ROIC since the company went public is 24.61%, suggesting good investment returns historically [3] - The net profit margin for the previous year was 13.68%, indicating a high added value of products or services after accounting for all costs [3] Cash Flow and Debt - The company reported operating cash flow per share of 0.42 yuan, an increase of 31.19% year-on-year [1] - The company has healthy cash assets, indicating strong debt repayment capability [3] - Interest-bearing liabilities increased to 106 million yuan, a rise of 14.84% year-on-year [1] Shareholder Metrics - Earnings per share (EPS) decreased to 0.36 yuan, down 23.4% year-on-year [1] - The net asset value per share was 7.46 yuan, a decrease of 0.73% compared to the previous year [1]