变动幅度为-1568.74%,原因:投资活动产生的现金流出增加。投资收益变动幅度为19.76%,原因:收到国高 材分红款。公允价值变动收益的变动原因:计提未到期现金管理产品利息。信用减值损失变动幅度 为-25.15%,原因:本期期末应收账款、应收票据变化影响预期信用损失。营业外收入变动幅度为 10762.26%,原因:发生与日常经营无关的经济利益流入较上年同期增加。营业外支出变动幅度为 2048.69%,原因:发生与日常经营无关的经济利益流出较上年同期增加。 证券之星价投圈财报分析工具显示：业务评价：公司去年的ROIC为3.79%，资本回报率不强。然而去年 的净利率为18.08%，算上全部成本后，公司产品或服务的附加值高。从历史年报数据统计来看，公司 上市以来中位数ROIC为15.06%，投资回报也很好，其中最惨年份2022年的ROIC为1.96%，投资回报一 般。公司历史上的财报较为好看(注：公司上市时间不满10年，上市时间越长财务均分参考意义越 大。)。偿债能力：公司现金资产非常健康。商业模式：公司业绩主要依靠资本开支驱动，还需重点关 注公司资本开支项目是否划算以及资本支出是否刚性面临资金压力。需要仔细研 ...

财务报表中对有大幅变动的财务项目的原因说明如下：货币资金变动幅度为-26.36%,原因:满足中小企业 付款条例，以银行存款形式支付中小企业货款；应付票据及易信通到期还款。应收款项变动幅度为 14.82%,原因:已结算未到期影响。合同资产变动幅度为12.25%,原因:已完工尚未结算款影响。在建工程 变动幅度为-19.05%,原因:在建工程完工转固定资产无形资产。短期借款变动幅度为-68.45%,原因:以货币 资金偿还短期借款。销售费用变动幅度为17.27%,原因:电动机板块不及预期，内部考核金额同比变动。 管理费用变动幅度为11.74%,原因:本期劳务费、信息化费用增加，上期回购限制性股票转回股份支付。 所得税费用变动幅度为20.34%,原因:受动装公司当期所得税费用影响。经营活动产生的现金流量净额变 动幅度为-85.94%,原因:满足中小企业付款条例，以银行存款形式支付中小企业货款；应付票据及易信通 到期还款。投资活动产生的现金流量净额变动幅度为-19.64%,原因:购建固定资产支出增加。现金及现金 等价物净增加额变动幅度为-415.23%,原因:经营活动净流量增加4.4亿元。 据证券之星公开数据整理，近期佳 ...

据证券之星公开数据整理，近期万控智造(603070)发布2025年中报。截至本报告期末，公司营业总收入 9.28亿元，同比下降3.76%，归母净利润4433.25万元，同比上升27.91%。按单季度数据看，第二季度营 业总收入5.22亿元，同比下降1.5%，第二季度归母净利润3505.02万元，同比上升25.93%。本报告期万 控智造盈利能力上升，毛利率同比增幅2.05%，净利率同比增幅38.9%。 本次财报公布的各项数据指标表现一般。其中，毛利率21.67%，同比增2.05%，净利率4.75%，同比增 38.9%，销售费用、管理费用、财务费用总计1.16亿元，三费占营收比12.51%，同比减8.71%，每股净资 产5.33元，同比增3.57%，每股经营性现金流0.19元，同比增116.54%，每股收益0.11元，同比增22.22% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 9.64Z | 9.28 6 | -3.76% | | 归母净利润(元) | 3465.83万 | 4433.25万 | 27.91% ...

据证券之星公开数据整理，近期烽火通信（600498）发布2025年中报。截至本报告期末，公司营业总收 入111.17亿元，同比下降19.73%，归母净利润2.87亿元，同比上升32.02%。按单季度数据看，第二季度 营业总收入70.68亿元，同比下降19.59%，第二季度归母净利润2.31亿元，同比上升31.77%。本报告期 烽火通信盈利能力上升，毛利率同比增幅4.16%，净利率同比增幅64.22%。 本次财报公布的各项数据指标表现一般。其中，毛利率22.22%，同比增4.16%，净利率2.56%，同比增 64.22%，销售费用、管理费用、财务费用总计12.54亿元，三费占营收比11.28%，同比增10.33%，每股 净资产11.25元，同比增6.91%，每股经营性现金流-0.51元，同比增81.59%，每股收益0.24元，同比增 33.33% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 138.49亿 | 111.17 Z | -19.73% | | 归母浄利润（元） | 2.17亿 | 2.87亿 | 3 ...

据证券之星公开数据整理，近期北部湾港（000582）发布2025年中报。根据财报显示，北部湾港增收不 增利。截至本报告期末，公司营业总收入35.56亿元，同比上升11.5%，归母净利润5.31亿元，同比下降 15.7%。按单季度数据看，第二季度营业总收入19.13亿元，同比上升15.95%，第二季度归母净利润3.35 亿元，同比上升40.36%。 本次财报公布的各项数据指标表现一般。其中，毛利率31.58%，同比增0.8%，净利率16.8%，同比减 22.65%，每股净资产7.84元，同比增3.8%，每股经营性现金流0.61元，同比增35.61%，每股收益0.23 元，同比减28.92% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 31.89 Z | 35.56亿 | 11.50% | | 归母浄利润（元） | 6.3亿 | 5.31 Z | -15.70% | | 扣非净利润(元) | 3.67亿 | 4.72亿 | 28.73% | | 货币资金(元) | 42.58亿 | 38.19 亿 | -10.3 ...

Core Viewpoint - Oriental Electronics (000682) reported a strong performance in its 2025 mid-year financial results, with significant increases in revenue and net profit compared to the previous year [1][3]. Financial Performance - The total operating revenue for the first half of 2025 reached 3.162 billion yuan, marking a year-on-year increase of 12.18% [1]. - The net profit attributable to shareholders was 302 million yuan, reflecting a year-on-year growth of 19.65% [1]. - In Q2 2025, the operating revenue was 1.756 billion yuan, up 13.96% year-on-year, while the net profit for the quarter was 181 million yuan, an increase of 19.94% [1]. - The gross margin improved to 33.08%, up 2.1% year-on-year, and the net margin increased to 8.84%, up 3.43% year-on-year [1]. Key Financial Metrics - The company reported a total of 449 million yuan in sales, management, and financial expenses, which accounted for 14.21% of revenue, a slight increase of 0.66% year-on-year [1]. - The earnings per share (EPS) rose to 0.23 yuan, a 19.63% increase compared to the previous year [1]. - The net asset value per share was 4.0 yuan, reflecting a year-on-year increase of 13.26% [1]. - The cash flow from operating activities showed a significant decline of 209.78%, attributed to increased payments for procurement and taxes [3]. Investment Insights - The company's return on invested capital (ROIC) for the previous year was 11.62%, indicating a generally average capital return rate [3]. - Historical data shows a median ROIC of 7.13% over the past decade, with the lowest recorded ROIC at 5.92% in 2015 [3]. - Analysts project the company's performance for 2025 to reach 852 million yuan, with an average EPS forecast of 0.64 yuan [3]. Fund Holdings - The largest fund holding Oriental Electronics is the Penghua Emerging Industry Mixed Fund, which holds 11.3137 million shares and has not changed its position [4]. - The fund's current size is 2.501 billion yuan, with a recent net value of 3.104, reflecting a 1.9% increase from the previous trading day and a 37.16% rise over the past year [4].

Financial Performance - The company reported a total revenue of 787 million yuan for the first half of 2025, representing a year-on-year increase of 1.99% [1] - The net profit attributable to shareholders was 136 million yuan, showing a decline of 24.8% compared to the previous year [1] - In Q2 2025, the revenue was 405 million yuan, up 4.82% year-on-year, while the net profit for the same period was 61.83 million yuan, down 39.9% [1] Profitability Metrics - The gross margin decreased to 29.31%, down 19.9% year-on-year, and the net margin fell to 17.64%, a decline of 25.86% [1] - The total of selling, administrative, and financial expenses reached 57.54 million yuan, accounting for 7.31% of revenue, which is an increase of 10.18% year-on-year [1] Key Financial Ratios - Earnings per share (EPS) dropped to 0.47 yuan, down 27.69% year-on-year, while the operating cash flow per share decreased to 0.71 yuan, a decline of 32.66% [1] - The company's return on invested capital (ROIC) was 10.26% last year, with a historical median ROIC of 19.13% since its listing [3] Debt and Capital Expenditure - The company’s interest-bearing debt increased to 1.466 billion yuan, up 11.23% year-on-year, with a debt-to-asset ratio of 27.01% [3] - The company relies heavily on capital expenditures for its performance, necessitating careful evaluation of the efficiency and necessity of these expenditures [3] Fund Holdings - The largest fund holding the company's shares is the Dongfanghong Yuanjian Value Mixed A fund, with a current scale of 1.289 billion yuan and a recent net value increase of 1.4% [4]

| 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 105.91亿 | 130.31亿 | 23.04% | | 归母净利润（元） | 9.51亿 | 12.13亿 | 27.56% | | 扣非净利润(元) | 8.93亿 | 11.83 亿 | 32.44% | | 货币资金(元) | 33.38亿 | 29.67 亿 | -11.11% | | 应收账款(元) | 4.69亿 | 8亿 | 70.38% | | 有息负债(元) | 17.38亿 | 18.51亿 | 6.51% | | 毛利率 | 17.83% | 19.25% | 7.97% | | 净利率 | 9.10% | 9.49% | 4.23% | | 三费占营收比 | 5.14% | 5.66% | 10.14% | | 每股净资产 (元) | 9.17 | 10.74 | 17.12% | | 每股收益(元) | 1.12 | 1.44 | 28.57% | | 每股经营性现金流(元) | 1.35 | 2.98 | 121.20% | 财报体 ...

据证券之星公开数据整理，近期德明利（001309）发布2025年中报。截至本报告期末，公司营业总收入 41.09亿元，同比上升88.83%，归母净利润-1.18亿元，同比下降130.43%。按单季度数据看，第二季度营 业总收入28.57亿元，同比上升109.27%，第二季度归母净利润-4885.8万元，同比下降125.43%。本报告 期德明利应收账款上升，应收账款同比增幅达234.98%。 本次财报公布的各项数据指标表现一般。其中，毛利率5.03%，同比减82.66%，净利率-2.87%，同比减 116.11%，销售费用、管理费用、财务费用总计1.77亿元，三费占营收比4.32%，同比减13.6%，每股净 资产14.45元，同比增40.59%，每股经营性现金流-3.64元，同比增18.57%，每股收益-0.74元，同比减 128.14% 财务报表中对有大幅变动的财务项目的原因说明如下： 货币资金变动幅度为-26.18%,原因:募集资金投入。 应收款项变动幅度为47.92%,原因:收入增长，应收账款相应增加。 存货变动幅度为4.65%,原因:收入规模扩大，备货相应增长。 长期股权投资变动幅度为2983.8%,原 ...

据证券之星公开数据整理，近期华利集团（300979）发布2025年中报。截至本报告期末，公司营业总收 入126.61亿元，同比上升10.36%，归母净利润16.71亿元，同比下降11.06%。按单季度数据看，第二季 度营业总收入73.08亿元，同比上升8.96%，第二季度归母净利润9.09亿元，同比下降16.7%。本报告期 华利集团公司应收账款体量较大，当期应收账款占最新年报归母净利润比达126.98%。 本次财报公布的各项数据指标表现一般。其中，毛利率21.85%，同比减22.61%，净利率13.2%，同比减 19.38%，销售费用、管理费用、财务费用总计3.23亿元，三费占营收比2.55%，同比减52.82%，每股净 资产13.84元，同比增5.07%，每股经营性现金流1.34元，同比减9.18%，每股收益1.43元，同比减11.18% 递延所得税资产变动幅度为64.26%,原因:部分子公司亏损增加，计提的所得税增加。 短期借款变动幅度为660.72%,原因:根据公司资金安排，筹资需求增加。 交易性金融负债的变动原因:本期持有远期结售汇合同公允价值变动。 其他应付款变动幅度为6048.01%,原因:本期末 ...