金桥信息2025年中报简析：营收上升亏损收窄

Financial Performance - The company reported a total revenue of 273 million yuan for the first half of 2025, representing a year-on-year increase of 50.65% compared to 181 million yuan in the same period of 2024 [1] - The net profit attributable to shareholders was -40.71 million yuan, showing a 24.18% improvement from -53.70 million yuan in the previous year [1] - The gross margin decreased to 26.06%, down 14.68% from 30.54% in 2024, while the net margin improved to -15.79%, a 47.16% increase from -29.88% [1] Cost and Expenses - Total selling, administrative, and financial expenses amounted to 93.99 million yuan, which is 34.4% of revenue, reflecting a significant decrease of 35.13% from 53.03% in the previous year [1] - The company’s cash flow per share was -0.27 yuan, a decrease of 11.86% from -0.24 yuan in 2024 [1] Investment and Market Position - The company has a historical median Return on Invested Capital (ROIC) of 9.1%, with the worst year being 2024 at -5.88% [3] - Analysts expect the company's performance in 2025 to reach 26 million yuan, with an average earnings per share of 0.07 yuan [3] Shareholder Information - The largest fund holding in the company is the Caitong Asset Management Digital Economy Mixed Initiation A, which holds 5.49 million shares and has recently entered the top ten holdings [4] - The fund has a current scale of 649 million yuan and has seen a significant increase of 150.52% over the past year [4]