中石科技2025年中报简析：营收净利润同比双双增长，盈利能力上升

Core Viewpoint - Zhongshi Technology (300684) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit, indicating improved profitability and operational efficiency [1][3]. Financial Performance - The total revenue for the first half of 2025 reached 748 million yuan, a year-on-year increase of 16.12% [1]. - The net profit attributable to shareholders was 121 million yuan, up 93.74% compared to the previous year [1]. - In Q2 2025, revenue was 399 million yuan, reflecting a 15.87% increase year-on-year, while net profit for the quarter was 59.74 million yuan, up 82.76% [1]. - The gross margin improved to 31.31%, an increase of 7.3% year-on-year, and the net margin rose to 16.24%, up 68.63% [1]. Cost Management - Total selling, administrative, and financial expenses amounted to 66.59 million yuan, accounting for 8.9% of revenue, a decrease of 27.92% year-on-year [1]. - The company reported a significant increase in operating cash flow per share, which reached 0.41 yuan, up 192.75% year-on-year [1]. Investment Metrics - The return on invested capital (ROIC) for the previous year was 10.01%, with a median ROIC since listing of 14.76% [3]. - The net profit margin for the previous year was 12.8%, indicating a high added value for the company's products or services [3]. Market Position and Fund Holdings - Several funds have recently increased their holdings in Zhongshi Technology, with the largest being Huashang Dual-Drive Optimal Mixed Fund, holding 208,900 shares [4]. - The company has attracted attention from institutional investors, indicating a positive outlook on its market position and growth potential [5].