据证券之星公开数据整理，近期尚纬股份（603333）发布2025年中报。截至本报告期末，公司营业总收 入5.49亿元，同比下降24.79%，归母净利润-3162.4万元，同比下降1131.88%。按单季度数据看，第二季 度营业总收入3.07亿元，同比下降35.69%，第二季度归母净利润-1712.96万元，同比下降222.8%。本报 告期尚纬股份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5890.5%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率14.68%，同比减19.5%，净利率-5.81%， 同比减1497.85%，销售费用、管理费用、财务费用总计8343.73万元，三费占营收比15.2%，同比增 21.48%，每股净资产3.31元，同比减3.76%，每股经营性现金流-0.03元，同比增42.2%，每股收益-0.05 元 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 7.3 Z | 5.49亿 | -24.79% | | 归母净利润（元） | -256.71万 | -3162. ...

因:汇兑收益增加影响。所得税费用变动幅度为79.88%,原因:递延所得税费用增加影响。研发投入变动幅 度为16.03%,原因:研发直接投入、人员人工增加影响。经营活动产生的现金流量净额变动幅度为 213.58%,原因:销售商品、提供劳务收到的现金增加影响。投资活动产生的现金流量净额变动幅度为 72.52%,原因:投资支付的现金减少影响。筹资活动产生的现金流量净额变动幅度为119.55%,原因:偿还债 务支付的现金减少影响。投资收益变动幅度为231.56%,原因:来源于联营企业东莞硅翔投资所得增加影 响。信用减值损失变动幅度为106.77%,原因:报告期末应收账款余额下降，相应计提的信用减值损失减 少。资产减值损失变动幅度为-260.37%,原因:合同资产减值损失影响。资产处置收益变动幅度为 128.35%,原因:非流动资产处置收益增加影响。营业外收入变动幅度为532.41%,原因:往年应付款项经确 认无需支付，转入营业外收入影响。营业外支出变动幅度为-83.57%,原因:对外捐赠减少影响。 证券之星价投圈财报分析工具显示：业务评价：去年的净利率为-7.18%，算上全部成本后，公司产品或 服务的附加值不高。从历 ...

据证券之星公开数据整理，近期圣阳股份(002580)发布2025年中报。截至本报告期末，公司营业总收入 17.15亿元，同比上升19.7%，归母净利润1.29亿元，同比上升12.61%。按单季度数据看，第二季度营业 总收入9.61亿元，同比上升14.86%，第二季度归母净利润6880.23万元，同比上升8.81%。本报告期圣阳 股份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623.48%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率18.45%，同比减5.83%，净利率6.34%，同比减 14.23%，销售费用、管理费用、财务费用总计7630.99万元，三费占营收比4.45%，同比减15.53%，每股 净资产5.06元，同比增9.47%，每股经营性现金流-0.07元，同比减72.55%，每股收益0.29元，同比增 16.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 14.33 亿 | 17.15 Z | 19.70% | | 归母净利润（元） | 1.15亿 | 1.29亿 | 12 ...

据证券之星公开数据整理，近期得润电子(002055)发布2025年中报。截至本报告期末，公司营业总收入 21.16亿元，同比下降21.0%，归母净利润5206.23万元，同比上升154.98%。按单季度数据看，第二季度 营业总收入10.93亿元，同比下降20.68%，第二季度归母净利润1999.91万元，同比上升129.61%。本报 告期得润电子盈利能力上升，毛利率同比增幅26.52%，净利率同比增幅136.34%。 本次财报公布的各项数据指标表现一般。其中，毛利率21.1%，同比增26.52%，净利率2.44%，同比增 136.34%，销售费用、管理费用、财务费用总计2.74亿元，三费占营收比12.96%，同比减28.47%，每股 净资产2.33元，同比减44.15%，每股经营性现金流-0.49元，同比减738.72%，每股收益0.09元，同比增 154.95% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 26.79亿 | 21.16亿 | -21.00% | | 归母浄利润（元） | -9469.43万 ...

据证券之星公开数据整理，近期盾安环境(002011)发布2025年中报。截至本报告期末，公司营业总收入 67.29亿元，同比上升6.05%，归母净利润5.35亿元，同比上升12.94%。按单季度数据看，第二季度营业 总收入37.08亿元，同比下降0.31%，第二季度归母净利润3.18亿元，同比上升19.69%。本报告期盾安环 境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247.67%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率17.32%，同比减3.03%，净利率7.81%，同比增 4.85%，销售费用、管理费用、财务费用总计3.37亿元，三费占营收比5.01%，同比减9.58%，每股净资 产5.71元，同比增24.44%，每股经营性现金流0.3元，同比增17.34%，每股收益0.51元，同比增13.33% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 63.46亿 | 67.29 | 6.05% | | 归母净利润（元） | 4.74亿 | 5.35 C | 12.94% | | 扣非 ...

据证券之星公开数据整理，近期兆讯传媒（301102）发布2025年中报。截至本报告期末，公司营业总收 入2.93亿元，同比下降8.81%，归母净利润2138.6万元，同比下降47.75%。按单季度数据看，第二季度 营业总收入1.29亿元，同比下降10.31%，第二季度归母净利润51.84万元，同比下降79.13%。本报告期 兆讯传媒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596.68%。 财务报表中对有大幅变动的财务项目的原因说明如下： 应收款项变动幅度为7.52%,原因:报告期部分客户回款周期延长。 在建工程变动幅度为-74.84%,原因:在建工程转固。 销售费用变动幅度为-35.0%,原因:报告期广告宣传费减少。 管理费用变动幅度为36.74%,原因:人员增加，导致相关的人工成本增加。 财务费用变动幅度为48.64%,原因:存款利率下降导致的存款利息收入减少。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率26.78%，同比减11.37%，净利率7.31%， 同比减42.7%，销售费用、管理费用、财务费用总计4198.66万元，三费占营收比14.35%，同比减 12.74%，每股 ...

Core Viewpoint - 德新科技 (603032) reported significant growth in revenue and net profit for the first half of 2025, indicating strong operational performance and improved profitability metrics [1] Financial Performance - Total revenue reached 251 million yuan, a year-on-year increase of 90.5% [1] - Net profit attributable to shareholders was 22.35 million yuan, up 187.09% year-on-year [1] - In Q2 2025, revenue was 154 million yuan, reflecting a 94.57% increase compared to the same quarter last year [1] - Q2 net profit was 23.43 million yuan, showing a 9.69% increase year-on-year [1] - Gross margin improved to 36.5%, up 23.11% year-on-year, while net margin rose to 12.99%, an increase of 134.53% [1] Cost and Expense Management - Total selling, administrative, and financial expenses amounted to 35.82 million yuan, accounting for 14.25% of revenue, a decrease of 43.65% year-on-year [1] - The company reported a significant reduction in operating expenses, contributing to improved profitability [1] Key Financial Ratios - Earnings per share (EPS) increased to 0.1 yuan, a rise of 233.33% year-on-year [1] - The company's net asset value per share decreased to 4.8 yuan, down 10.4% year-on-year [1] - Operating cash flow per share was 0.19 yuan, a decline of 42.92% year-on-year [1] Changes in Financial Position - Cash and cash equivalents decreased by 50.94% due to adjustments in cash management strategies [3] - Accounts receivable increased by 56.99%, indicating higher sales volume [3] - Interest-bearing debt rose by 39.34%, reflecting increased borrowing [3] Revenue and Cost Drivers - The increase in revenue was primarily driven by the precision automation business, which contributed significantly to the overall sales growth [4] - Operating costs rose by 71.95%, attributed to the costs associated with the new precision automation business [4] Cash Flow Analysis - Net cash flow from operating activities decreased by 43.16%, influenced by the timing of cash collections from previous sales [4] - Investment cash flow net amount dropped by 377.40%, due to increased net outflows from financial investments [4] - Financing cash flow net amount increased by 291.18%, driven by higher borrowings [4]

Core Viewpoint - The recent financial report of Huangma Technology (603181) shows positive growth in revenue and net profit for the first half of 2025, indicating improved profitability and operational efficiency [1] Financial Performance - Total revenue for the first half of 2025 reached 1.194 billion yuan, a year-on-year increase of 7.67% compared to 1.109 billion yuan in 2024 [1] - Net profit attributable to shareholders was 219 million yuan, up 14.67% from 191 million yuan in the previous year [1] - In Q2 2025, revenue was 591 million yuan, reflecting a 2.32% increase year-on-year, while net profit for the quarter was 117 million yuan, up 13.72% [1] - Gross margin improved to 27.1%, an increase of 7.41% year-on-year, and net margin rose to 18.31%, up 6.5% [1] Key Financial Metrics - The total of selling, administrative, and financial expenses amounted to 34.51 million yuan, accounting for 2.89% of revenue, which is a 24.69% increase year-on-year [1] - Earnings per share (EPS) increased to 0.38 yuan, up 11.76% from 0.34 yuan [1] - Operating cash flow per share surged to 0.29 yuan, a significant increase of 323.04% compared to 0.07 yuan [1] - The company's net asset value per share rose to 5.46 yuan, reflecting a 13.45% increase year-on-year [1] Changes in Financial Items - Accounts receivable increased by 23.35% to 356 million yuan, while cash and cash equivalents decreased by 18.87% to 504 million yuan [3] - The company reported a 45.5% increase in financial expenses due to reduced deposit interest and changes in exchange gains and losses [3] - The net cash flow from operating activities increased by 323.04%, attributed to higher operating income [3] Investment Insights - The company's return on invested capital (ROIC) was 11.86%, indicating average capital returns, with a historical median ROIC of 14.02% since its listing [4] - Analysts expect the company's performance in 2025 to reach 484 million yuan, with an average EPS forecast of 0.81 yuan [4] Fund Holdings - Huangma Technology is held by notable fund managers, including Yang Gu from Nuoan Fund, who has a strong track record in selecting value and growth stocks [5][6] - The largest fund holding Huangma Technology is Nuoan Pioneer Mixed A, with a total scale of 3.84 billion yuan and a recent net value increase of 1.81% [6]

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-42.18%,原因:购买理财产品 支出。交易性金融资产变动幅度为56.04%,原因:购买交易性金融资产增加及市场价值波动。应收票据变 动幅度为598.95%,原因:本期票据收款增加。应付票据变动幅度为-100.0%,原因:上期开具承兑汇票到期 支付。应付职工薪酬变动幅度为-53.06%,原因:本期支付奖金。其他应付款变动幅度为-42.65%,原因:本期 支付待结算款。一年内到期的非流动负债变动幅度为35.26%,原因:本期一年内到期的长期借款增加。其 他流动负债变动幅度为-95.61%,原因:本期待转结算款减少。其他综合收益变动幅度为-350.41%,原因:本 期外币财务报表折算差额减少。财务费用变动幅度为54.22%,原因:本期理财产品增加相应收益分类至投 资收益，同时本期无借款利息资本化。所得税费用变动幅度为3932.81%,原因:本期利润总额增加。经营 活动产生的现金流量净额变动幅度为44.48%,原因:销售回款增加。投资活动产生的现金流量净额变动幅 度为59.61%,原因:本期赎回银行理财增加及固定投入下降。筹资活动产生的现金流量净额 ...

据证券之星公开数据整理，近期大恒科技（600288）发布2025年中报。根据财报显示，大恒科技营收上 升亏损收窄。截至本报告期末，公司营业总收入8.44亿元，同比上升6.89%，归母净利润-274.05万元， 同比上升72.27%。按单季度数据看，第二季度营业总收入4.81亿元，同比下降2.59%，第二季度归母净 利润549.74万元，同比下降53.28%。 预付款项变动幅度为162.05%,原因:报告期采购增加。 其他应收款变动幅度为-31.15%,原因:报告期往来款和保证金减少。 合同资产变动幅度为-37.91%,原因:报告期部分质保金到期。 本次财报公布的各项数据指标表现一般。其中，毛利率35.4%，同比减1.86%，净利率-1.37%，同比减 3.78%，销售费用、管理费用、财务费用总计2.46亿元，三费占营收比29.15%，同比增6.05%，每股净资 产4.19元，同比减1.67%，每股经营性现金流0.06元，同比增131.6%，每股收益-0.01元，同比增72.12% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总 ...