新坐标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 390 million yuan for the first half of 2025, representing an 18.85% year-on-year increase, and a net profit attributable to shareholders of 142 million yuan, up 27.42% year-on-year [1] - The second quarter revenue was 211 million yuan, with a year-on-year growth of 13.28%, and a net profit of approximately 75 million yuan, reflecting a 19.55% increase year-on-year [1] - The company's gross margin improved by 2.66% to 53.91%, and the net margin increased by 6.91% to 37.34% [1] Financial Performance - Total revenue for 2024 was 328 million yuan, while for 2025 it reached 390 million yuan, marking an 18.85% increase [1] - Net profit attributable to shareholders rose from 111 million yuan in 2024 to 142 million yuan in 2025, a 27.42% increase [1] - The company's operating cash flow per share increased by 0.31% to 1.02 yuan, while earnings per share grew by 24.1% to 1.03 yuan [1] Cost Management - Total selling, administrative, and financial expenses amounted to 29 million yuan, accounting for 7.44% of revenue, a decrease of 23.19% year-on-year [1] - The company maintained a healthy cash position, with cash assets reported at 201 million yuan, down 11.43% from the previous year [1] Investment Metrics - The company's return on invested capital (ROIC) was reported at 15.17%, with a historical median ROIC of 19.08% since its listing [3] - The net profit margin for the previous year was 32.25%, indicating high value addition in its products or services [3] - Analysts project the company's performance for 2025 to reach 262 million yuan, with an average earnings per share estimate of 1.92 yuan [3] Fund Holdings - The largest fund holding in the company is the Western Gain Quantitative Preferred Fund, which holds 53,400 shares and has recently entered the top ten holdings [4] - The fund's current scale is 227 million yuan, with a net value of 1.1852 as of August 29, reflecting an 84.29% increase over the past year [5]