近期华宇软件（300271）发布2025年一季报，证券之星财报模型分析如下： 经营业绩概况 华宇软件在2025年第一季度实现了营业总收入2.71亿元，同比上升11.59%。尽管收入有所增长，但归母 净利润仍为负数，录得-4540.6万元，不过同比上升了47.79%。扣非净利润同样为负，为-4963.8万元， 同比上升39.57%。这表明公司在控制成本和提高盈利能力方面取得了一定进展。 盈利能力分析 从盈利能力来看，公司的毛利率为30.12%，较去年同期下降了7.74个百分点。净利率为-19.45%，虽然 同比增加了49.2%，但仍然处于亏损状态。每股收益为-0.06元，同比上升45.45%，显示出公司在减少亏 损方面有所改善。 成本费用控制 公司在成本费用控制方面表现出色。销售费用、管理费用、财务费用总计为7337.32万元，三费占营收 比为27.07%，同比下降了30.45%。这表明公司在优化内部管理、降低运营成本方面取得了显著成效。 资产负债情况 截至2025年一季度末，公司货币资金为16.19亿元，较去年同期减少了14.70%；应收账款为7.55亿元， 同比减少了15.62%；有息负债为1220.09万 ...

Core Insights - The company reported a total revenue of 713 million yuan in Q1 2025, a decrease of 4.75% compared to the same period last year [1] - Despite the decline in revenue, the net profit attributable to shareholders reached 272 million yuan, a slight increase of 0.24% year-on-year [1] - The company demonstrated strong profitability with a gross margin of 55.96%, up 7.38% year-on-year, and a net margin of 38.19%, an increase of 5.24% [2] Revenue and Profitability - The total revenue for Q1 2025 was 713 million yuan, reflecting a 4.75% decline from the previous year [1] - The net profit attributable to shareholders was 272 million yuan, showing a minor increase of 0.24% year-on-year [1] - The company's gross margin improved to 55.96%, indicating effective cost control and enhanced product value [2] Cost Control and Cash Flow - Total sales, management, and financial expenses amounted to 89.33 million yuan, representing 12.53% of total revenue, which is a 19.19% increase from the previous year [3] - Operating cash flow per share improved from -0.03 yuan to 0.02 yuan, marking a significant increase of 158.20% [3] Asset and Liability Situation - As of the end of the quarter, the company's cash balance was 3.202 billion yuan, a decrease of 26.89% year-on-year [4] - Accounts receivable decreased to 79.64 million yuan, down 50.26% compared to the previous year [4] - Interest-bearing liabilities slightly increased to 12.66 million yuan, a year-on-year growth of 7.00% [4] Investor Returns - Since its listing, the company has raised a total of 3.958 billion yuan and distributed a total of 2.145 billion yuan in dividends, resulting in a dividend-to-financing ratio of 0.54 [5] - The company remains committed to shareholder returns despite facing revenue challenges in Q1 2025 [5]

近期顺发恒业（000631）发布2025年一季报，证券之星财报模型分析如下： 经营业绩 顺发恒业在2025年一季度实现营业总收入5879.89万元，较去年同期下降37.67%。尽管营业收入出现显 著下滑，但归母净利润达到1605.68万元，同比增长12.13%；扣非净利润则为407.23万元，同比下降 26.13%。 利润率分析 公司毛利率为37.31%，同比增加了23.73个百分点，显示出公司在成本控制方面有所改善。净利率为 30.15%，同比增加了76.97个百分点，表明公司在扣除所有成本后的盈利能力有所增强。 费用情况 值得注意的是，顺发恒业的三费(销售费用、管理费用、财务费用)总和为1605.52万元，占总营收的比例 从去年同期的13.23%上升至27.31%，增幅达106.39%，这反映出公司在运营成本控制方面面临较大压 力。 资产与现金流 截至报告期末，公司的货币资金为51.28亿元，较上一年度略有减少，降幅为0.31%。应收账款为 7001.11万元，同比增加33.09%，提示需关注应收账款回收情况。每股经营性现金流为0.01元，同比大 幅增长113.24%，由负转正。 偿债能力与资本结构 公司 ...

近期东尼电子（603595）发布2025年一季报，证券之星财报模型分析如下： 业绩概况 东尼电子在2025年一季度实现营业总收入4.28亿元，同比上升4.64%；归母净利润为1088.67万元，同比 下降15.39%；扣非净利润为549.26万元，同比大幅上升120.79%。这表明公司在非经常性损益方面有所 改善。 盈利能力 公司的毛利率为21.88%，较去年同期下降了21.6%；净利率为1.74%，同比增长351.52%。尽管净利率显 著提升，但毛利率的下滑可能反映了公司在成本控制方面的挑战。 费用控制 销售费用、管理费用和财务费用总计为5253.37万元，占营业收入的比例为12.26%，相比去年同期下降 了8.19%。这表明公司在费用控制方面取得了一定成效。 资产与负债 截至报告期末，公司货币资金为6326.3万元，较去年同期减少33.81%；应收账款为5.78亿元，较去年同 期减少5.71%；有息负债为16.64亿元，较去年同期减少12.96%。流动比率仅为0.52，显示出公司短期偿 债能力较弱。 现金流状况 每股经营性现金流为0.15元，较去年同期大幅下降81.42%。货币资金与流动负债的比例仅为3. ...

Core Insights - Source Technology (688498) reported a total revenue of 84.40 million yuan for Q1 2025, representing a year-on-year increase of 40.52% [1] - The net profit attributable to shareholders reached 14.32 million yuan, up 35.93% year-on-year [1] - The company's gross margin improved to 44.64%, an increase of 28.14% compared to the previous year, while the net margin decreased to 16.97%, down 3.27% year-on-year [1] Financial Performance - Total revenue for Q1 2025 was 84.40 million yuan, compared to 60.06 million yuan in Q1 2024, marking a 40.52% increase [1] - Net profit attributable to shareholders was 14.32 million yuan, up from 10.53 million yuan in the same quarter last year, a growth of 35.93% [1] - The company's operating cash flow per share was -0.06 yuan, a significant decrease of 124.24% year-on-year [1] Cost Structure - The total of financial, sales, and administrative expenses reached 8.89 million yuan, accounting for 10.54% of total revenue, which is a 151.04% increase year-on-year [1] - The gross margin was reported at 44.64%, while the net margin was 16.97%, indicating a decline in profitability despite higher revenue [1] Asset and Liability Management - Cash and cash equivalents stood at 1.09 billion yuan, showing a slight decrease of 0.89% year-on-year [1] - Accounts receivable increased to 131 million yuan, up 13.22% from the previous year [1] - Interest-bearing liabilities rose significantly to 1.57 million yuan, an increase of 68.27% year-on-year [1] Market Position and Future Outlook - Analysts expect the company's performance in 2025 to reach 115 million yuan, with an average earnings per share forecast of 1.33 yuan [3] - The company has raised a total of 1.51 billion yuan since its listing, with cumulative dividends amounting to 56.48 million yuan, indicating a low dividend financing ratio of 0.04 [3]