ECEC(SZ:002140) Zheng Quan Zhi Xing·2025-08-30 23:23Financial Performance - The company reported a total revenue of 4.784 billion yuan for the first half of 2025, an increase of 9.29% year-on-year [1] - The net profit attributable to shareholders reached 240 million yuan, up 14.64% compared to the previous year [1] - The gross margin improved to 9.14%, reflecting an increase of 8.39% year-on-year, while the net margin rose to 5.04%, up 7.51% [1] - The company’s operating cash flow per share decreased significantly by 78.46% to 0.08 yuan [1] Key Financial Metrics - The company’s total operating income for Q2 2025 was 2.712 billion yuan, a 6.28% increase year-on-year, with a net profit of 120 million yuan, marking a 36.13% rise [1] - The company’s non-recurring net profit was 232 million yuan, showing a substantial increase of 31.48% [1] - The company’s total liabilities increased by 35.69% to 2.295 billion yuan, while accounts receivable decreased by 19.56% to 1.152 billion yuan [1][3] Business Strategy and Market Position - The company is focused on a strategic plan termed "one basic plate + three verticals and three horizontals," aiming to expand in new materials, new energy, and new environmental sectors [5] - The company has established a green energy chemical group to integrate traditional chemical processes with new energy initiatives, targeting projects in green hydrogen and green ammonia [5][6] - The company is actively participating in major coal chemical projects and has secured contracts for various engineering projects in collaboration with large coal enterprises [6][7] Future Outlook - The company is expected to generate approximately 4 billion yuan in new signed orders from ongoing projects, with significant contributions anticipated from the coal chemical sector [8] - Analysts project the company’s performance for 2025 to reach a net profit of 486 million yuan, with an average earnings per share of 0.69 yuan [4]