每周股票复盘：万丰股份（603172）中报净利增91.69%

Core Viewpoint - Wan Feng Co., Ltd. (603172) has experienced a decline in stock price, with a current market value of 2.145 billion yuan, ranking 160th in the chemical products sector and 4979th in the A-share market [1] Shareholder Changes - As of August 20, 2025, the number of shareholders for Wan Feng Co., Ltd. increased to 8,563, reflecting a growth of 2.65% compared to August 8, 2025. The average number of shares held per shareholder decreased from 16,000 to 15,600 shares, with an average holding value of 271,700 yuan [2] Performance Disclosure Highlights - The mid-year report for 2025 indicates that Wan Feng Co., Ltd. achieved a main revenue of 275 million yuan, representing a year-on-year growth of 17.32%. The net profit attributable to shareholders reached 25.1447 million yuan, up 91.69%, while the net profit excluding non-recurring items was 24.4034 million yuan, also up 91.72%. The second quarter alone saw a net profit of 14.7812 million yuan, marking a 102.66% increase year-on-year. The company's gross margin stands at 26.9%, with a debt ratio of 26.7%, and net cash flow from operating activities increased by 166.10% to 41.5532 million yuan [3] Company Announcement Summary - Wan Feng Co., Ltd. has not declared any profit distribution or capital reserve transfer for the first half of 2025. As of the reporting period, total assets amounted to 1.468 billion yuan, with net assets of 1.074 billion yuan. The weighted average return on net assets is 2.38%, and basic earnings per share are 0.19 yuan. The top ten shareholders include Shaoxing Yufeng Enterprise Management Co., Ltd. with a 43.71% stake and Yu Xingying with an 11.25% stake, both acting in concert with Shaoxing Tianyang Investment. The company reported sales revenue of 243 million yuan from disperse dyes and 30.3765 million yuan from filter cakes, with average prices for disperse dyes and filter cakes declining by 0.31% and 3.12% respectively. The price of key raw material hydrobromic acid increased by 25.08%. The balance of the fundraising account is 16.4 million yuan, with some fundraising projects delayed, including the "Annual Production of 10,000 Tons of Disperse Dye Technological Upgrade Project" postponed to December 2025 and the "Research and Development Center Construction Project" postponed to December 2026. Both the board of directors and the supervisory board have approved the semi-annual report and related proposals [4]