双良节能(600481.SH)：2025年中报净利润为-5.97亿元

Core Viewpoint - The company, Shuangliang Energy (600481.SH), reported a significant decline in revenue and net profit for the first half of 2025, indicating financial challenges and a poor performance relative to its peers. Financial Performance - The company's total operating revenue for the first half of 2025 was 4.388 billion yuan, a decrease of 2.591 billion yuan compared to the same period last year, representing a year-on-year decline of 37.13% [1] - The net profit attributable to shareholders was -0.597 billion yuan, ranking 58th among disclosed peers [1] - The net cash inflow from operating activities was 0.693 billion yuan [1] Financial Ratios - The latest debt-to-asset ratio was 84.35%, ranking 60th among disclosed peers, with an increase of 1.11 percentage points from the previous quarter and an increase of 2.84 percentage points from the same period last year [3] - The latest gross profit margin was 1.45%, ranking 49th among disclosed peers, with a decrease of 3.07 percentage points from the previous quarter [3] - The return on equity (ROE) was -14.31%, ranking 58th among disclosed peers [3] Earnings and Efficiency Metrics - The diluted earnings per share were -0.32 yuan, ranking 52nd among disclosed peers [4] - The latest total asset turnover ratio was 0.16 times, ranking 48th among disclosed peers, with a decrease of 0.07 times compared to the same period last year, representing a year-on-year decline of 30.10% [4] - The latest inventory turnover ratio was 3.01 times, a decrease of 0.71 times compared to the same period last year, representing a year-on-year decline of 19.12% [4]