近期鹏翎股份（300375）发布2025年一季报，证券之星财报模型分析如下： 营收与利润 鹏翎股份在2025年一季度实现了6.34亿元的营业总收入，同比增长21.7%。然而，归母净利润为2316.76 万元，同比下降26.21%；扣非净利润为2277.23万元，同比下降22.38%。这表明公司在收入增长的同 时，盈利能力有所下降。 盈利能力 现金流与资产负债 每股经营性现金流为-0.01元，同比减少了313.26%，显示出公司在经营活动中的现金流出增加。此外， 应收账款为8.6亿元，同比增加了53.49%，应收账款与利润的比例高达1107.87%，需关注其回收风险。 有息负债为3.27亿元，同比增加了67.80%，表明公司债务负担有所加重。 商业模式与资本回报 公司业绩主要依靠研发、营销及股权融资驱动。过去一年的ROIC为2.51%，资本回报率不强，净利率为 3.17%，表明公司产品或服务的附加值不高。自上市以来，公司累计融资15.88亿元，累计分红3.22亿 元，分红融资比为0.2。 总结 鹏翎股份在2025年一季度虽然实现了营收增长，但利润出现下滑，且现金流状况和应收账款值得关注。 公司需要进一步优化成本 ...

Revenue and Profit - The company achieved significant revenue and profit growth in Q1 2025, with total operating revenue reaching 1.579 billion yuan, a year-on-year increase of 18.9% [2] - The net profit attributable to shareholders was 273 million yuan, reflecting a year-on-year growth of 51.22%, while the net profit excluding non-recurring items was 254 million yuan, up 35.32% year-on-year [2] Profit Quality - The company's gross margin was 34.6%, an increase of 25.06% year-on-year, and the net margin was 17.1%, up 27.16% year-on-year, indicating improvements in cost control and product value addition [3] Expense Control - Total operating expenses (selling, administrative, and financial expenses) amounted to 126 million yuan, accounting for 7.97% of revenue, which represents a year-on-year increase of 9.65%, suggesting room for optimization in expense management [4] Accounts Receivable and Interest-Bearing Debt - Accounts receivable reached 1.877 billion yuan, a year-on-year increase of 32.57%, with accounts receivable to profit ratio at 187.23%, necessitating close monitoring of collection [5] - Interest-bearing debt was 2.299 billion yuan, up 38.19% year-on-year, which may pose pressure on the company's future debt repayment capacity [5] Cash Flow and Asset Status - The company demonstrated strong cash flow performance, with operating cash flow per share at 0.48 yuan, a year-on-year increase of 104.82% [6] - Monetary funds amounted to 4.028 billion yuan, reflecting a year-on-year growth of 7.69%, indicating a healthy cash asset position [6] Summary - Overall, the company achieved robust revenue and profit growth in Q1 2025, with improvements in gross and net margins. However, the significant increase in accounts receivable and rising interest-bearing debt warrant attention, and the company should enhance management of accounts receivable and control the growth of interest-bearing debt to ensure long-term stability [7]

Group 1 - The company approved a cash management proposal using its own funds during the board meeting on April 25, 2025, with unanimous support [1] - The company has a healthy financial status with a debt-to-asset ratio of 30.27% as of December 31, 2024, allowing for safe investment of idle funds [3] - The company plans to invest in low-risk financial products that comply with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [2] Group 2 - The company’s subsidiary, Triangle (Qingdao) Commercial Factoring Co., Ltd., is set to provide accounts receivable factoring services related to electronic debt certificates, with a maximum rolling limit of 50 million RMB [6][12] - The board meeting on April 25, 2025, approved the proposal for the subsidiary to engage in these transactions without requiring shareholder approval [7] - The independent directors believe that the related transactions will enhance the company's capital efficiency and competitiveness without compromising its independence [15] Group 3 - The company plans to continue its relationship with Xinyong Zhonghe Accounting Firm for the 2025 financial audit, pending shareholder approval [19][28] - Xinyong Zhonghe reported a revenue of 4.046 billion RMB in 2023, with a significant portion coming from audit services [20] - The company’s audit fees for 2024 were 900,000 RMB, and it expects similar costs for 2025 [26] Group 4 - The company announced a profit distribution plan for 2024, proposing a cash dividend of 0.53 RMB per share, totaling approximately 424 million RMB [88][89] - The proposed dividend represents 38.45% of the company's net profit for the year [89] - The profit distribution plan is subject to approval at the upcoming shareholder meeting [90] Group 5 - The company will hold its annual shareholder meeting on June 27, 2025, to discuss various proposals, including the profit distribution plan and the appointment of auditors [93][94] - The meeting will utilize both in-person and online voting methods [94] - Investors can submit questions in advance for discussion during the meeting [50]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603527 证券简称：众源新材 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 (二) 非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 对公司将《公开发行证券的公司信息披露解释性公告第1号——非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号——非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三) 主要会计数据、财务指标发生变动的情况、原因 √适用 □不适用 二、 股东信息 (一 ...

近期铭科精技（001319）发布2025年一季报，证券之星财报模型分析如下： 营收与利润 根据铭科精技发布的2025年一季报，公司在报告期内实现营业总收入2.38亿元，同比上升15.03%；归母 净利润2465.15万元，同比上升20.78%；扣非净利润2364.32万元，同比上升29.88%。这表明公司在营业 收入和盈利能力方面均保持了较好的增长态势。 利润率与费用控制 公司的毛利率为27.09%，同比下降6.5%；净利率为10.27%，同比增加2.23%。尽管毛利率有所下降，但 净利率仍实现了增长。此外，公司的销售费用、管理费用、财务费用总计2066.23万元，三费占营收比 为8.69%，同比下降20.48%，显示出公司在费用控制方面取得了一定成效。 资产与现金流 值得注意的是，公司的货币资金从3.39亿元减少至2.06亿元，同比减少了39.12%。同时，每股经营性现 金流为0.03元，同比减少了38.60%。这可能反映出公司在经营活动中的现金流量有所减少，需进一步关 注其现金流状况。 应收账款与负债 本报告期，公司应收账款为3.1亿元，占最新年报归母净利润的比例高达276.06%，同比增加了14.32% ...

Revenue and Profit - Company achieved total revenue of 380 million yuan in Q1 2025, a year-on-year increase of 0.58% [1] - Net profit attributable to shareholders was 38.77 million yuan, up 21.26% year-on-year [1] - Deducted non-recurring profit was 39.23 million yuan, reflecting a 29.08% year-on-year increase, indicating enhanced profitability [1] Key Financial Indicators - Accounts receivable reached 1.093 billion yuan, a 31.28% year-on-year increase, with a high ratio of accounts receivable to profit at 777.05% [3] - Interest-bearing debt stood at 418 million yuan, up 34.41% year-on-year, raising concerns about financial health [3] Business Model and Capital Operations - Company’s performance is primarily driven by capital expenditure and equity financing, with total financing amounting to 961 million yuan and total dividends of 61.27 million yuan, resulting in a dividend financing ratio of 0.06 [4] - Investors should monitor the reasonableness of capital expenditure projects and potential funding pressures [4] Summary of Financial Performance - Overall, the company demonstrated steady growth in revenue and profit in Q1 2025, with notable improvements in gross margin and net margin [5] - Significant increase in accounts receivable and negative operating cash flow warrant close attention [5] Profitability Metrics - Gross margin was 24.76%, an increase of 6.18% year-on-year, indicating effective cost control [6] - Net margin reached 11.6%, up 21.83% year-on-year, further confirming improved profitability [6] - Operating expenses as a percentage of revenue decreased by 13.61% to 10.77%, showing better expense management [6] - Earnings per share (EPS) was 14.13 yuan, down 11.85% year-on-year, possibly affected by market conditions [6] - Operating cash flow per share was -0.01 yuan, a decline of 111.84% year-on-year, reflecting negative cash flow from operations [6]

Financial Overview - The company achieved total revenue of 83.574 million yuan in Q1 2025, representing a year-on-year increase of 37.51% [1] - Although the net profit attributable to the parent company and the net profit after deducting non-recurring gains and losses remain negative at -6.3918 million yuan and -6.7177 million yuan respectively, they improved by 66.89% and 65.38% year-on-year, indicating an enhancement in profitability [1] Profitability - The company's gross margin reached 65.61%, an increase of 5.41% year-on-year, while the net margin was -7.65%, up 75.92% year-on-year, suggesting effective cost control and improved profitability [2] Expense Control - Total selling, administrative, and financial expenses amounted to 45.0016 million yuan, accounting for 53.85% of revenue, which is a decrease of 17.72% year-on-year, indicating effective expense management that enhances overall operational efficiency [3] Cash Flow and Asset Status - Operating cash flow per share was 0.08 yuan, a significant increase of 126.93% year-on-year; however, the average operating cash flow to current liabilities ratio over the past three years was -12.88%, and the net cash flow from operating activities has been negative on average over the same period, highlighting ongoing concerns regarding cash flow management [4] Accounts Receivable - Accounts receivable stood at 412 million yuan, a year-on-year increase of 15.55%, with an accounts receivable to profit ratio as high as 383.2%, indicating a potential risk in accounts receivable recovery [5] Asset and Liability - Cash and cash equivalents amounted to 218 million yuan, a year-on-year increase of 59.56%, while interest-bearing liabilities decreased from 67 million yuan to 19.0016 million yuan, a reduction of 71.64%, reflecting an improvement in the company's debt structure [6] Summary - Overall, the company demonstrated a strong trend in profitability improvement in Q1 2025, but challenges remain in cash flow management and accounts receivable recovery, necessitating ongoing attention to these key financial metrics [7]

Core Viewpoint - The recent financial report of Jiuli Special Materials (002318) shows strong growth in revenue and net profit for Q1 2025, indicating a positive performance despite challenges in the market environment [1][5]. Financial Performance - Total revenue for Q1 2025 reached 2.883 billion yuan, a year-on-year increase of 20.67% compared to 2.389 billion yuan in Q1 2024 [1]. - Net profit attributable to shareholders was 389 million yuan, up 18.59% from 328 million yuan in the same period last year [1]. - The gross profit margin improved to 28.08%, an increase of 4.00% year-on-year, while the net profit margin decreased to 13.82%, down 4.54% [1]. - The company reported a significant increase in operating cash flow per share, which rose to 0.04 yuan, a remarkable increase of 693.75% [1]. Accounts Receivable and Financial Health - Accounts receivable amounted to 1.479 billion yuan, representing 99.21% of the net profit, indicating a high level of receivables relative to earnings [1][3]. - The company’s cash and cash equivalents decreased by 36.38% to 2.501 billion yuan, raising concerns about liquidity [1][3]. - The total expenses for sales, management, and finance were 193 million yuan, accounting for 6.71% of revenue, which is an increase of 6.76% year-on-year [1]. Market Position and Analyst Expectations - The company's return on invested capital (ROIC) was reported at 16.89%, reflecting strong capital efficiency [3]. - Analysts expect the company to achieve a revenue of 1.714 billion yuan and an average earnings per share of 1.75 yuan for the year 2025 [3]. - Jiuli Special Materials has been favored by prominent fund managers, with increased holdings noted in several funds [4]. Strategic Response to Market Challenges - The company is actively monitoring macroeconomic conditions and adjusting its strategies to maintain stable performance amid market volatility and international trade tensions [5]. - Emphasis is placed on technological innovation and market expansion to optimize product structure and enhance collaboration with quality clients [5]. - The company aims to provide long-term returns to shareholders through steady operational performance and potential share buybacks and dividends [5].

Financial Performance - The company reported total revenue of 878 million yuan for Q1 2025, a decrease of 15.34% year-on-year compared to 1.037 billion yuan in Q1 2024 [1] - The net profit attributable to shareholders was 26.26 million yuan, down 46.57% from 49.14 million yuan in the same quarter last year [1] - The gross margin was 11.1%, reflecting a decline of 13.54% year-on-year, while the net margin decreased by 33.29% to 3.65% [1] - Total expenses (selling, administrative, and financial) amounted to 37.82 million yuan, representing 4.31% of revenue, an increase of 22.21% year-on-year [1] Accounts Receivable and Cash Flow - The company's accounts receivable reached 730 million yuan, accounting for 362.52% of the net profit, indicating a significant concern regarding cash flow [1][4] - The cash and cash equivalents decreased to 499 million yuan, down 41.32% from the previous year [1] Business Model and Market Position - The company specializes in various types of pipes and fittings, which are widely used in water supply, drainage, firefighting, gas, oil and gas transportation, construction, and communication sectors [4] - The company has maintained a stable operation despite a decline in performance due to external factors, particularly in the real estate sector [4] - The company has a low debt ratio and healthy financial status, with a cumulative financing amount of 1.237 billion yuan and cumulative dividends of 1.004 billion yuan since its listing [3]

据证券之星公开数据整理，近期新北洋(002376)发布2025年一季报。截至本报告期末，公司营业总收入 4.96亿元，同比上升21.05%，归母净利润492.38万元，同比上升127.15%。按单季度数据看，第一季度 营业总收入4.96亿元，同比上升21.05%，第一季度归母净利润492.38万元，同比上升127.15%。本报告 期新北洋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1395.48%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率26.75%，同比减7.91%，净利率2.41%，同比增 214.92%，销售费用、管理费用、财务费用总计6894.14万元，三费占营收比13.9%，同比减18.03%，每 股净资产4.8元，同比增6.4%，每股经营性现金流-0.05元，同比减24.57%，每股收益0.01元，同比增 121.55% | 基金筒称 | 基金代码 | 持有股数 | 持仓变动 | 数据来源 | | --- | --- | --- | --- | --- | | 招商国证2000指数增强A | 018786 | 13.34万股 | 新进十大 | 2025基金Q1季报 | | ...