YLT(SH:600197) Zheng Quan Zhi Xing·2025-08-28 22:59Financial Performance - The company reported a total revenue of 1.07 billion yuan for the first half of 2025, a year-on-year decrease of 19.51% [1] - The net profit attributable to shareholders was 163 million yuan, down 17.82% year-on-year [1] - In Q2 2025, total revenue was 275 million yuan, reflecting a significant decline of 44.86% compared to the same quarter last year [1] - The net profit for Q2 2025 was 18.36 million yuan, a decrease of 52.75% year-on-year [1] Key Financial Ratios - The gross margin was 49.3%, down 2.41% year-on-year [1] - The net profit margin increased slightly to 15.16%, up 0.48% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 121 million yuan, accounting for 11.29% of revenue, a decrease of 19.59% year-on-year [1] Balance Sheet Highlights - Accounts receivable increased to 370 million yuan, a rise of 23.11% year-on-year, with accounts receivable representing 129.62% of net profit [1][3] - Interest-bearing debt surged to 527 million yuan, an increase of 176.59% year-on-year [1] - Cash and cash equivalents decreased to 406 million yuan, down 10.77% year-on-year [1] Earnings Per Share - Earnings per share (EPS) was reported at 0.34 yuan, a decline of 17.97% year-on-year [1] - The operating cash flow per share was -0.45 yuan, a significant decrease of 1355.23% year-on-year [1] Investment Insights - The company's return on invested capital (ROIC) was 7.58%, indicating average capital returns [3] - Historical data shows a median ROIC of 11.28% over the past decade, with the worst year being 2022 at 4.24% [3] - Analysts expect the company's performance in 2025 to reach 226 million yuan, with an average EPS forecast of 0.48 yuan [3] Fund Holdings - The largest fund holding the company’s shares is Nord Quantitative Core A, with 109,300 shares held [4] - The fund has shown a significant increase of 78.53% over the past year [4]