三特索道2025年中报简析：净利润同比下降11.49%

Financial Performance - The company reported a net profit of 67.54 million yuan for the first half of 2025, a year-on-year decrease of 11.49% [1] - Total operating revenue for the same period was 292 million yuan, down 6.16% year-on-year [1] - The gross profit margin was 59.48%, an increase of 0.4% compared to the previous year, while the net profit margin decreased by 4.8% to 24.62% [1] Key Financial Metrics - Earnings per share (EPS) decreased by 11.63% to 0.38 yuan [1] - Operating cash flow per share fell by 30.94% to 0.46 yuan [1] - The company’s total expenses (selling, administrative, and financial) amounted to 75.30 million yuan, representing 25.77% of revenue, an increase of 14.86% year-on-year [1] Historical Performance and Expectations - The company's return on invested capital (ROIC) was 11.05% last year, with a median ROIC of 4.77% over the past decade, indicating generally weak investment returns [3] - Analysts expect the company's performance in 2025 to reach 174 million yuan, with an average EPS forecast of 0.98 yuan [3] Fund Holdings - The largest fund holding in the company is the Guolian An Small Cap Selected Mixed Fund, which holds 1.6392 million shares and has increased its position [4] - Other funds, such as Guolian An Industry Leading Mixed Fund and Guolian An Flexible Allocation Mixed Fund, have reduced their holdings [4]