Core Viewpoint - *ST Shengxun reported a revenue increase of 27.51% year-on-year for the first half of 2025, but still posted a net loss of 10.24 million yuan, indicating ongoing financial challenges despite revenue growth [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 72.75 million yuan, a 27.51% increase compared to the previous year [1]. - The net profit attributable to shareholders was -10.24 million yuan, reflecting a 58.50% year-on-year increase in losses [1]. - The non-recurring net profit was -11.42 million yuan, with a 55.26% increase in losses year-on-year [1]. - Basic earnings per share were -0.13 yuan [2]. Profitability Metrics - The gross margin for the first half of 2025 was 29.17%, down 8.08 percentage points year-on-year [2]. - The net margin was -14.04%, which improved by 29.65 percentage points compared to the same period last year [2]. - In Q2 2025, the gross margin was 19.56%, a decline of 16.35 percentage points year-on-year and a 36.16 percentage point decrease quarter-on-quarter [2]. - The net margin for Q2 2025 was 7.49%, an increase of 45.27 percentage points year-on-year and an 81.02 percentage point increase quarter-on-quarter [2]. Expense Analysis - Total operating expenses for the first half of 2025 were 47.02 million yuan, a decrease of 0.92 million yuan year-on-year [2]. - The expense ratio was 64.63%, down 19.40 percentage points from the previous year [2]. - Sales expenses increased by 3.12% year-on-year, while management expenses rose by 0.25% [2]. - R&D expenses decreased by 22.89%, and financial expenses surged by 260.43% year-on-year [2]. Company Overview - Beijing Shengxun Electronic Co., Ltd. was established on January 28, 1994, and went public on November 26, 2020 [3]. - The company specializes in providing security solutions and operational services, with revenue sources including intelligent monitoring and alarm systems (47.26%), smart security systems (25.61%), monitoring and alarm operation services (14.48%), and security operation services (11.84%) [3]. - The company is categorized under the computer equipment industry, specifically in the security equipment sector, and is associated with concepts such as delisting warnings, small caps, IoT, aerospace and military, and cloud computing [3].
*ST声迅上半年营收7275.23万元同比增27.51%,归母净利润-1023.92万元同比增58.50%,毛利率下降8.08个百分点
Xin Lang Cai Jing·2025-08-29 14:30