SUPCON Technology (SH:688777) Xin Lang Cai Jing·2025-08-29 11:24Core Viewpoint - The financial performance of Zhongkong Technology in the first half of 2025 shows a decline in revenue and profit, indicating potential challenges in the company's operations and market conditions [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 3.83 billion yuan, a year-on-year decrease of 9.92% [1]. - The net profit attributable to shareholders was 354 million yuan, down 31.46% year-on-year [1]. - The basic earnings per share were 0.45 yuan [1]. - The gross profit margin for the first half of 2025 was 32.08%, a decrease of 1.15 percentage points year-on-year [1]. - The net profit margin was 9.29%, down 3.03 percentage points compared to the same period last year [1]. Cost Structure - The total period expenses for the first half of 2025 were 937 million yuan, an increase of 25.38 million yuan year-on-year [2]. - The period expense ratio was 24.45%, up 3.02 percentage points from the previous year [2]. - Sales expenses increased by 1.75%, while management and R&D expenses decreased by 1.97% and 5.54%, respectively [2]. - Financial expenses saw a significant increase of 69.76% [2]. Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 39,900, an increase of 481 from the previous quarter [2]. - The average market value per shareholder decreased from 1.0647 million yuan to 889,600 yuan, a decline of 16.44% [2]. Business Overview - Zhongkong Technology, established on December 7, 1999, and listed on November 24, 2020, specializes in providing automation control systems and solutions for industrial enterprises [3]. - The main business revenue composition includes: - Industrial automation and intelligent manufacturing solutions (61.75%) - S2B business (17.75%) - Industrial software (8.13%) - Instrumentation (7.04%) - Operation and maintenance services (4.64%) [3]. - The company operates within the mechanical equipment industry, specifically in automation equipment and industrial control devices [3].