中利集团2025年中报简析：亏损收窄

Group 1 - The core viewpoint of the news is that Zhongli Group reported a narrowed loss in its 2025 interim financial results, with a significant decline in revenue and mixed performance indicators [1] - The total operating revenue for the first half of 2025 was 837 million yuan, a decrease of 33.59% year-on-year [1] - The net profit attributable to shareholders was -71.217 million yuan, an improvement of 73.2% compared to the previous year [1] Group 2 - In Q2 2025, the operating revenue was 525 million yuan, down 25.17% year-on-year, while the net profit attributable to shareholders was 5.7905 million yuan, up 107.34% year-on-year [1] - The gross margin was 10.61%, a decrease of 51.05% year-on-year, while the net margin was -9.24%, an increase of 56.19% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 175 million yuan, accounting for 20.91% of revenue, a decrease of 45.35% year-on-year [1] Group 3 - The company reported a significant increase in cash flow, with operating cash flow per share at 0.23 yuan, up 1027.7% year-on-year [1] - The net asset per share was 0.6 yuan, an increase of 164.87% year-on-year, while earnings per share improved to -0.03 yuan, a 70% increase year-on-year [1] - The company has shown a poor historical return on invested capital (ROIC), with a median of -0.84% over the past decade, indicating weak investment returns [3]