SHD(SH:600630) Zheng Quan Zhi Xing·2025-08-29 22:42Group 1 - The company's total revenue for the first half of 2025 was 811 million yuan, a decrease of 3.41% year-on-year [1] - The net profit attributable to shareholders for the same period was 22.2 million yuan, down 47.04% year-on-year [1] - The gross profit margin increased to 33.82%, up 4.98% year-on-year, while the net profit margin decreased to 2.8%, down 45.35% year-on-year [1] Group 2 - The company's accounts receivable reached 234 million yuan, accounting for 585.63% of the latest annual net profit [1] - The total of selling, administrative, and financial expenses was 229 million yuan, representing 28.29% of revenue, an increase of 8.46% year-on-year [1] - The company's return on invested capital (ROIC) was 4.37% last year, indicating weak capital returns over recent years [3] Group 3 - The company has experienced cyclical performance, with a historical median ROIC of 2.13% over the past decade [3] - The cash flow situation is concerning, with cash and cash equivalents covering only 94.77% of current liabilities [3] - The company has reported five years of losses since its listing, suggesting a generally poor financial performance [3]