SHCF(SH:600621) Zheng Quan Zhi Xing·2025-08-30 23:23Core Viewpoint - Huaxin Co., Ltd. (600621) reported strong financial performance for the first half of 2025, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - Total revenue reached 1.17 billion yuan, an increase of 26.05% compared to the previous year [1] - Net profit attributable to shareholders was 224 million yuan, up 48.68% year-on-year [1] - In Q2 2025, total revenue was 534 million yuan, reflecting a 3.49% increase year-on-year [1] - Q2 net profit was 86.75 million yuan, showing a decline of 4.82% compared to the same quarter last year [1] Key Financial Metrics - Net profit margin improved to 19.16%, a year-on-year increase of 17.34% [1] - Earnings per share rose to 0.21 yuan, marking a 50% increase year-on-year [1] - Operating cash flow per share increased to 2.2 yuan, up 44.91% year-on-year [1] - Total cash assets reached 14.61 billion yuan, a significant increase of 73.64% [1] Debt and Asset Management - Interest-bearing liabilities decreased to 6.953 billion yuan, down 2.34% [1] - Accounts receivable increased to 82.11 million yuan, a rise of 28.33% [1] Historical Performance - The company's historical return on invested capital (ROIC) was 0.94%, indicating weak capital returns [1] - The median ROIC over the past decade was 1.44%, with a notable low of -0.41% in 2018 [1] - The company has reported a total of 32 annual reports since its listing, with one year of losses, warranting further investigation into underlying causes [1]