柯力传感2025年中报简析：营收净利润同比双双增长，盈利能力上升

Core Insights - The company reported a total revenue of 685 million yuan for the first half of 2025, representing a year-on-year increase of 23.4% [1] - The net profit attributable to shareholders reached 173 million yuan, up 47.93% year-on-year [1] - The gross margin improved by 1.42% to 44.04%, while the net margin increased by 20.94% to 28.48% [1] Financial Performance - Total revenue for Q2 2025 was 370 million yuan, a 20.41% increase compared to the same quarter last year [1] - Q2 net profit attributable to shareholders was approximately 97.18 million yuan, reflecting a 31.66% year-on-year growth [1] - The company’s operating cash flow per share increased by 47.2% to 0.36 yuan [1] Cost and Efficiency - Total selling, administrative, and financial expenses amounted to 111 million yuan, accounting for 16.27% of revenue, which is a 9.56% increase year-on-year [1] - The company’s return on invested capital (ROIC) was 9.25% last year, indicating a moderate capital return [3] - The net profit margin for the previous year was 23.57%, suggesting high added value in products or services [3] Asset Management - Cash assets are reported to be very healthy, with a recommendation to monitor cash flow status [3] - Accounts receivable reached 532 million yuan, showing a year-on-year increase of 28.58% [1] - The company’s debt levels are stable, with interest-bearing liabilities decreasing by 1.95% to 665 million yuan [1] Market Position - The company has seen significant interest from funds, with the Nanhua Fengchun Mixed A Fund entering the top ten shareholders with 63,200 shares [4] - The largest fund holding is the Nanhua Fengchun Mixed A Fund, which has a scale of 47 million yuan and has increased by 60.98% over the past year [5]