东航物流：2025年上半年净利润12.89亿元 同比增长0.9%

Financial Performance - For the first half of 2025, the company's operating revenue was approximately 11.26 billion, a slight decrease from 11.29 billion in the same period last year, reflecting a year-on-year decline of 0.26% [1] - The total profit for the same period was approximately 1.93 billion, an increase of 7.35% compared to 1.80 billion in the previous year [1] - The net profit attributable to shareholders was approximately 1.29 billion, showing a marginal increase of 0.40% from 1.28 billion in the previous year [1] - The net profit after deducting non-recurring gains and losses was approximately 1.16 billion, down 3.38% from 1.20 billion in the same period last year [1] - The net cash flow from operating activities was approximately 2.81 billion, a significant increase of 177.31% compared to 1.02 billion in the previous year [1] Asset and Liability Changes - As of the end of the first half of 2025, the company's net assets attributable to shareholders increased to approximately 18.34 billion, up from 17.51 billion at the end of the previous year [1] - The company's right-of-use assets increased by 26.45%, while fixed assets increased by 5.7% [40] - Lease liabilities rose by 32.51%, and non-current liabilities due within one year increased by 104.59% [44] Shareholder Structure - The top ten shareholders as of the end of the first half of 2025 included new shareholders such as China Post Life Insurance and others, replacing previous shareholders [52] - The largest shareholder, Legend Holdings, held approximately 11.29% of the total shares, remaining unchanged [53] Valuation Metrics - As of August 29, the company's price-to-earnings (P/E) ratio was approximately 9.12, the price-to-book (P/B) ratio was about 1.34, and the price-to-sales (P/S) ratio was around 1.02 [1]