长江投资上半年营收8948.49万元同比降74.63%,归母净利润-960.47万元同比增36.24%,研发费用同比下降23.47%

Core Insights - The company reported a significant decline in revenue for the first half of 2025, with total operating income at 89.48 million yuan, a year-on-year decrease of 74.63% [1] - The net profit attributable to shareholders was -9.60 million yuan, showing a year-on-year increase of 36.24% [1] - The basic earnings per share were -0.03 yuan, indicating a challenging financial period [2] Financial Performance - The company's gross profit margin for the first half of 2025 was 20.55%, an increase of 15.87 percentage points year-on-year [2] - The net profit margin was -5.90%, which improved slightly by 0.07 percentage points compared to the same period last year [2] - In Q2 2025, the gross profit margin was 20.43%, up 13.33 percentage points year-on-year, but down 0.25 percentage points quarter-on-quarter [2] Expense Analysis - Total operating expenses for the first half of 2025 were 28.15 million yuan, a decrease of 8.02 million yuan from the previous year [2] - The expense ratio was 31.46%, which increased by 21.20 percentage points year-on-year [2] - Sales expenses decreased by 37.33%, management expenses decreased by 21.42%, and R&D expenses decreased by 23.47%, while financial expenses increased by 84.11% [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 26,400, a decrease of 1,115 from the previous quarter, representing a decline of 4.05% [3] - The average market value of shares held per shareholder increased from 93,600 yuan to 107,500 yuan, reflecting a growth of 14.85% [3] Company Overview - The company, established on November 28, 1997, is located in Qingpu District, Shanghai, and was listed on January 15, 1998 [3] - Its main business areas include modern logistics, meteorological technology, and other industrial investments [3] - The company is classified under the transportation and logistics sector, specifically in cross-border logistics, and is associated with concepts such as small-cap stocks, smart logistics, express delivery, cross-border e-commerce, and the Yangtze River Delta integration [3]