shenjian gufen(SZ:002361) Zheng Quan Zhi Xing·2025-08-28 22:59Financial Performance - The company reported a total revenue of 1.155 billion yuan for the first half of 2025, representing a year-on-year increase of 3.14% [1] - The net profit attributable to shareholders reached 23.5971 million yuan, up 31.87% year-on-year [1] - In Q2 2025, the revenue was 635 million yuan, with a year-on-year growth of 2.75%, and the net profit was 11.7297 million yuan, increasing by 9.32% year-on-year [1] - The gross margin improved to 13.36%, reflecting a year-on-year increase of 16.64%, while the net margin rose to 1.39%, up 21.89% year-on-year [1] Cost and Efficiency - Total selling, administrative, and financial expenses amounted to 65.2769 million yuan, accounting for 5.65% of revenue, a decrease of 10.3% year-on-year [1] - The company’s earnings per share (EPS) was 0.02 yuan, showing a year-on-year increase of 31.91% [1] - The company’s cash flow per share was -0.19 yuan, down 35.45% year-on-year [1] Financial Ratios and Metrics - The return on invested capital (ROIC) for the previous year was 1.4%, indicating weak capital returns [3] - The net profit margin for the previous year was 0.83%, suggesting low added value for products or services [3] - The company’s historical median ROIC over the past decade was 3.75%, indicating generally weak investment returns [3] Debt and Cash Flow Analysis - The company’s cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 28.75% and the average operating cash flow to current liabilities ratio at 5.92% over the past three years [3] - The interest-bearing debt ratio has reached 33.07%, and the total interest-bearing debt to average operating cash flow ratio is 14.44% [3] - Accounts receivable to profit ratio stands at 4088.97%, indicating potential issues with receivables management [3]