GXED(SH:600617) Sou Hu Cai Jing·2025-09-01 11:53Financial Performance - For the first half of 2025, the company's operating revenue was approximately 8.22 billion, a decrease from 8.39 billion in the same period last year, reflecting a decline of about 2% [1] - The total profit for the same period was approximately 177.1 million, an increase from 168.2 million year-on-year, showing a growth of about 5.5% [1] - The net profit attributable to shareholders was approximately 74.83 million, up from 54.36 million in the previous year, indicating a growth of about 37.7% [1] - The net profit after deducting non-recurring gains and losses was approximately -24.84 million, an improvement from -73.38 million year-on-year [1] - The net cash flow from operating activities was approximately 900.35 million, a significant increase of about 71.6% compared to 524.75 million last year [25] Asset and Liability Changes - As of the end of the first half of 2025, the company's net assets attributable to shareholders were approximately 4.26 billion, an increase from 4.16 billion at the end of the previous year [1] - The company's monetary funds decreased by 16.77%, while accounts receivable increased by 21.78% [36] - Long-term borrowings decreased by 11.55%, while current liabilities due within one year increased by 26.97% [39] Shareholder Structure - The top ten shareholders as of the end of the first half of 2025 included new shareholders Zhang Hongxiang and Qian Minxia, replacing previous shareholders [47] - The largest shareholder, Huaxin Gas Group Co., Ltd., held approximately 46.19% of the total shares, remaining unchanged [47] Valuation Metrics - As of August 29, 2025, the company's price-to-earnings ratio (TTM) was approximately -17.28, the price-to-book ratio (LF) was about 1.3, and the price-to-sales ratio (TTM) was approximately 0.35 [1]