唐山港2025年中报简析：净利润同比下降19.83%

Core Viewpoint - Tangshan Port reported a decline in net profit by 19.83% year-on-year for the first half of 2025, indicating challenges in revenue generation and profitability [1]. Financial Performance - Total operating revenue for the first half of 2025 was 2.593 billion yuan, down 12.93% from 2.978 billion yuan in the same period of 2024 [1]. - The net profit attributable to shareholders was 885 million yuan, a decrease of 19.83% compared to 1.104 billion yuan in the previous year [1]. - The gross profit margin fell to 45.18%, down 9.67% year-on-year, while the net profit margin decreased to 37.03%, down 6.94% [1]. - The total of selling, administrative, and financial expenses was 110 million yuan, accounting for 4.23% of revenue, a significant decrease of 34.14% year-on-year [1]. Key Financial Ratios - The company reported a return on invested capital (ROIC) of 8.96% for the previous year, with a historical median ROIC of 9.3% over the past decade [3]. - The estimated dividend yield for the company is 4.24% [3]. Shareholder Information - The largest fund holding shares in Tangshan Port is the Dongfanghong CSI Dividend Low Volatility Index A, with 22.7759 million shares [4]. - The fund's current scale is 3.727 billion yuan, with a recent net value of 1.3818, reflecting a 0.22% decline from the previous trading day [4].