LNCD(SH:600739) Zheng Quan Zhi Xing·2025-08-29 15:12Core Viewpoint - The financial performance of Liaoning Chengda Co., Ltd. shows a significant increase in net profit and total profit for the first half of 2025, despite a slight decrease in revenue compared to the previous year [1][2]. Financial Summary - Total assets at the end of the reporting period reached approximately 49.00 billion RMB, an increase of 2.44% from the previous year [1]. - Net assets attributable to shareholders increased to approximately 30.05 billion RMB, reflecting a growth of 2.56% year-on-year [1]. - Operating revenue for the period was approximately 5.35 billion RMB, down by 0.83% compared to the same period last year [1]. - Total profit for the period was approximately 816.12 million RMB, representing a substantial increase of 65.64% year-on-year [1]. - Net profit attributable to shareholders was approximately 717.57 million RMB, up by 56.18% compared to the previous year [1]. - The net profit after deducting non-recurring gains and losses was not specified [1]. - The net cash flow from operating activities was approximately -139.97 million RMB, showing an improvement from -155.57 million RMB in the previous year [1]. - The weighted average return on equity increased to 2.42%, up by 0.85 percentage points from the previous year [1]. - Basic and diluted earnings per share were both 0.4714 RMB, an increase of 56.20% year-on-year [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 66,011 [1]. - The largest shareholder, Shaoguan Gaoteng Enterprise Management Co., Ltd., holds 16.20% of the shares, with a total of approximately 247.77 million shares [2]. - Other significant shareholders include Guangxi Xinyi Xin Business Service Co., Ltd. with 8.52% and Jilin Aodong Pharmaceutical Group Co., Ltd. with 6.75% [2]. Debt Financing - The company has issued various debt instruments, including corporate bonds and short-term financing bonds, with interest rates ranging from 2.50% to 5.70% [3]. - The debt-to-asset ratio at the end of the reporting period was 32.61%, slightly up from 32.31% at the end of the previous year [3]. - The EBITDA interest coverage ratio improved to 4.04 from 2.98 in the previous year [3].