RUNNER(SH:603408) Zheng Quan Zhi Xing·2025-08-29 22:42Financial Performance - The company reported total revenue of 2.386 billion yuan for the first half of 2025, a year-on-year decrease of 2.28% [1] - The net profit attributable to shareholders was 238 million yuan, down 8.02% year-on-year [1] - In Q2, total revenue was 1.195 billion yuan, reflecting a year-on-year decline of 7.33% [1] - The net profit for Q2 was 115 million yuan, a decrease of 15.66% year-on-year [1] - The gross margin was 26.82%, an increase of 1.54% year-on-year, while the net margin was 10.03%, down 5.38% year-on-year [1] Financial Ratios and Metrics - The company's accounts receivable reached 199.31% of the latest annual net profit, indicating a significant amount of receivables [1][2] - The total of selling, administrative, and financial expenses was 246 million yuan, accounting for 10.29% of revenue, which is a year-on-year increase of 12.77% [1] - Earnings per share (EPS) was 0.54 yuan, down 6.9% year-on-year [1] - The company reported a return on invested capital (ROIC) of 13.85% last year, with a historical median ROIC of 16.1% since its listing [2] - The estimated dividend yield is 5.03% [2] Cash Flow and Assets - Operating cash flow per share was 0.29 yuan, a significant decrease of 49.4% year-on-year [1] - The net asset value per share was 7.44 yuan, reflecting a year-on-year increase of 6.4% [1]