NANTEX(SH:600250) Zheng Quan Zhi Xing·2025-08-29 22:41Financial Performance - The company reported total revenue of 360 million yuan for the first half of 2025, a year-on-year decrease of 9.94% [1] - The net profit attributable to shareholders was 7.94 million yuan, down 71.25% year-on-year [1] - In Q2 2025, total revenue was 169 million yuan, a decline of 12.06% compared to the same quarter last year [1] - The net profit for Q2 2025 was 4.42 million yuan, representing a decrease of 55.82% year-on-year [1] - The gross margin was 26.26%, down 6.47% year-on-year, while the net margin was 7.46%, a decrease of 42.75% [1] Financial Ratios - The company's return on invested capital (ROIC) was 9.16% last year, indicating average capital returns [3] - The net profit margin was 11.79%, suggesting average added value from products or services [3] - The ratio of receivables to net profit reached 312.64%, indicating a significant amount of accounts receivable relative to profit [3] Debt and Cash Flow - The company had interest-bearing liabilities of 423 million yuan, an increase of 11.63% year-on-year [1] - The cash flow per share was 0.03 yuan, down 36.37% year-on-year [1] - The company maintains a healthy cash asset position, with a debt ratio of 24.08% for interest-bearing liabilities [3] Business Development - The company has established a joint venture in the low-altitude economy sector, holding a 25% stake in Jiangsu Wanyou Low Altitude Flight Co., Ltd. [4] - The new venture aims to develop urban air traffic operations and eVTOL city sightseeing services, currently in the cultivation phase [4]