HJHS(SH:603616) Zheng Quan Zhi Xing·2025-08-29 22:42Core Insights - The company Han Jian He Shan (603616) reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 310 million yuan, a year-on-year increase of 103.08%, and a net profit of 6.3761 million yuan, up 118.71% compared to the previous year [1] Financial Performance - Total revenue for Q2 2025 was 193 million yuan, reflecting a year-on-year growth of 71.39% [1] - The gross profit margin improved to 19.85%, an increase of 46.73% year-on-year, while the net profit margin turned positive at 2.05%, up 109.21% from the previous year [1] - The total of selling, administrative, and financial expenses was 51.1751 million yuan, accounting for 16.49% of revenue, a decrease of 59.96% year-on-year [1] - Earnings per share (EPS) rose to 0.02 yuan, a year-on-year increase of 118.71% [1] Debt and Cash Flow - The company experienced increased short-term debt pressure, with a current ratio of 0.89 [1] - Cash flow metrics showed a negative operating cash flow per share of -0.07 yuan, a decline of 131.52% year-on-year [1] - The company’s cash and cash equivalents decreased by 38.44% year-on-year, totaling 72.8551 million yuan [1] Historical Performance - The company has shown a mixed historical performance, with a median Return on Invested Capital (ROIC) of 3.89% since its listing, and a particularly poor ROIC of -35.76% in 2024 [3] - The company has reported losses in five out of nine annual reports since its IPO, indicating a generally weak financial history [3]