PD CONSTRUCTION(SH:600284) Xin Lang Cai Jing·2025-09-10 03:08Core Viewpoint - The financial performance of Pudong Construction in the first half of 2025 shows a significant decline in revenue and net profit compared to the previous year, indicating potential challenges in the construction industry [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 6.807 billion yuan, a year-on-year decrease of 30.56% [1]. - The net profit attributable to shareholders was 227 million yuan, down 12.79% year-on-year [1]. - The basic earnings per share were 0.23 yuan [1]. - The gross profit margin for the first half of 2025 was 7.20%, a decrease of 0.27 percentage points year-on-year [2]. - The net profit margin was 3.38%, an increase of 0.69 percentage points compared to the same period last year [2]. Cost and Expenses - Total period expenses amounted to 325 million yuan, a reduction of 176 million yuan compared to the previous year [2]. - The period expense ratio was 4.78%, down 0.34 percentage points year-on-year [2]. - Sales expenses decreased by 88.37%, while management expenses increased by 9.65% [2]. - Research and development expenses decreased by 52.47%, and financial expenses increased significantly by 749.04% [2]. Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 47,900, a decrease of 1,008 from the previous quarter, representing a decline of 2.06% [2]. - The average market value held per shareholder increased from 127,600 yuan to 133,600 yuan, an increase of 4.64% [2]. Company Overview - Pudong Construction, established on January 9, 1998, and listed on March 16, 2004, is primarily engaged in construction engineering, park development, infrastructure project investment, and related product sales [3]. - The main business revenue composition includes 97.23% from construction projects, 1.92% from design and consulting services, and minor contributions from other areas [3]. - The company operates within the construction and decoration industry, focusing on municipal engineering [3].