近期三博脑科（301293）发布2025年一季报，证券之星财报模型分析如下： 三博脑科的销售费用、管理费用和财务费用总计达到了4801.18万元，占营业收入的比例为12.2%，较去 年同期增长了20.34%。费用的快速增长可能会对公司未来的盈利能力产生影响。 四、资产负债状况 值得注意的是，公司的货币资金从2024年一季度末的11.47亿元减少至2025年一季度末的6.16亿元，降幅 达46.26%。与此同时，有息负债大幅增加至2.66亿元，同比增长400.13%。此外，应收账款也出现了显 著增长，从7426.7万元增至1.16亿元，增幅为56.84%，应收账款与利润的比例高达110.9%，需引起重 视。 五、每股指标 三博脑科2025年一季度财务表现：收入增长但多项指标承压 一、营业收入与利润 三博脑科在2025年第一季度实现了3.93亿元的营业总收入，同比增长16.78%。归母净利润达到3831.36 万元，同比增长14.56%；扣非净利润为3860.63万元，同比增长19.4%。这表明公司在报告期内保持了一 定的增长势头。 二、毛利率与净利率 尽管收入有所增长，但公司的毛利率和净利率表现却不尽如人意。2 ...

财务指标解读 营收增长显著，业务拓展见成效 2024年，威奥股份实现营业收入1,527,834,472.45元，较上年同期的1,179,596,328.23元上涨29.52%。公 司表示，这主要得益于轨道交通设备及其延伸产业相关订单增加，以及富氧健康舱业务的持续增长。从 业务板块来看，动车组车辆配套产品收入679,065,550.07元，同比增长44.90%；检修业务收入 226,749,613.48元，增长48.50%；富氧健康舱产品收入57,833,071.28元，增长14.06%。这些数据表明公 司在主营业务上的市场拓展取得了一定成效。 净利润大幅下滑，需关注盈利持续性 归属于上市公司股东的净利润为55,375,500.17元，较上年同期的256,436,321.06元下降78.41%。公司解 释称，主要系上年同期收购唐山汽车及其子公司，产生较大营业外收入所致。若剔除这一非经常性因 素，公司的盈利能力变化更值得关注。扣除非经常性损益后的净利润为47,106,328.62元，上年同期为 -21,803,428.73元，这表明公司核心业务的盈利能力有所提升，但仍需关注盈利的持续性。 费用增长各有因，成本控制 ...

Core Insights - The company reported a total revenue of 72.23 million yuan for Q1 2025, a decrease of 11.46 million yuan compared to the same period last year, representing a year-on-year decline of 13.69% [1] - The net profit attributable to shareholders was -0.13 million yuan, a decrease of 0.68 million yuan year-on-year, reflecting a significant decline of 123.77% [1] - The latest gross profit margin is 17.94%, down 4.65 percentage points from the previous quarter and down 3.69 percentage points year-on-year [2] Financial Performance - Operating cash flow was 28.30 million yuan [1] - The latest return on equity (ROE) is -0.02%, a decrease of 0.10 percentage points year-on-year [2] - The diluted earnings per share is -0.00 yuan, which is essentially flat compared to the same period last year but shows a decline of 125.00% year-on-year [2] Efficiency Metrics - The total asset turnover ratio is 0.07 times, unchanged from the previous year [2] - The inventory turnover ratio is 0.42 times, a decrease of 0.15 times year-on-year, representing a decline of 26.22% [2] Shareholder Information - The number of shareholders is 65,200, with the top ten shareholders holding 433 million shares, accounting for 33.64% of the total share capital [2] - The largest shareholder is Wu Jianlong, holding 28.7 million shares [2] Leverage - The latest debt-to-asset ratio is 16.68% [3]

Core Insights - Inner Mongolia First Machinery Group (600967.SH) reported a strong performance in Q1 2025, leading its peers in revenue, net profit, and cash flow metrics [1][3] Financial Performance - The company's total revenue reached 2.731 billion yuan, marking an increase of 448 million yuan or 19.60% year-on-year [1] - Net profit attributable to shareholders was 186 million yuan, up by 18.5 million yuan or 11.03% compared to the same period last year [1] - Operating cash flow showed a significant increase, with a net inflow of 728 million yuan, up by 1.731 billion yuan year-on-year [1] Key Ratios - The latest debt-to-asset ratio stands at 42.88%, a decrease of 6.25 percentage points from the previous year [3] - Gross margin is reported at 11.22% [3] - Return on equity (ROE) is at 1.58%, an increase of 0.14 percentage points year-on-year [3] - Diluted earnings per share (EPS) is 0.11 yuan, reflecting a year-on-year increase of 12.24% [3] - Total asset turnover ratio improved to 0.13 times, up by 37.08% year-on-year [3] - Inventory turnover ratio increased to 0.94 times, a rise of 52.14% compared to the previous year [3] Shareholder Structure - The number of shareholders is 64,400, with the top ten shareholders holding 1.052 billion shares, accounting for 61.82% of the total share capital [3] - The largest shareholder is Inner Mongolia First Machinery Group Co., Ltd., holding 42.45% [3]

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]

一、主要会计数据和财务指标 不分配不转增 前十大流通股东累计持有： 10172.36万股，累计占流通股比： 41.37%，较上期变化： -335.63万股。 | 名称 持有数量(万股) | | 占总股本比例 | 增减情况 | | --- | --- | --- | --- | | | | (%) | (万股) | | TCL科技（000100）集团(天津)有限公司 | 6602.62 | 26.86 | 不变 | | 天津市中环投资有限公司 | 649.96 | 2.64 | 不变 | | 石卫东 | 577.97 | 2.35 | 新进 | | 吴平 | 556.05 | 2.26 | 新进 | | 丁遂 | 434.38 | 1.77 | 新进 | | 刘仕刚 | 353.11 | 1.44 | 新进 | | 深圳创富汇投资管理有限公司-创富汇全球视野2号私募 证券投资基金 | 274.03 | 1.11 | 新进 | | 深圳创富汇投资管理有限公司-创富汇全球视野3号私募 证券投资基金 | 251.27 | 1.02 | 新进 | | 陈潮海 | 244.24 | 0.99 | -53.46 | | 陆 ...

数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.4400 | 0.3600 | 22.22 | 0.4000 | | 每股净资产（元） | 8.22 | 7.64 | 7.59 | 6.94 | | 每股公积金(元) | 2.48 | 2.48 | 0 | 2.48 | | 每股未分配利润(元) | 4.23 | 3.65 | 15.89 | 3.04 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 5.9 | 5.59 | 5.55 | 5.18 | | 净利润(亿元) | 1.55 | 1.28 | 21.09 | 1.42 | | 净资产收益率(%) | 5.46 | 4.86 | 12.35 | 5.96 | | 名称 持有数量(万股) | | 占总股本比例(%) | 增减情况(万股) | | --- ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.7600 | 0.6600 | 15.15 | 0.4300 | | 每股净资产（元） | 5.34 | 4.64 | 15.09 | 4.05 | | 每股公积金(元) | 0.83 | 0.82 | 1.22 | 0.86 | | 每股未分配利润(元) | 3.33 | 2.70 | 23.33 | 2.14 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 7.78 | 6.96 | 11.78 | 5.49 | | 净利润(亿元) | 0.78 | 0.68 | 14.71 | 0.43 | | 净资产收益率(%) | 14.15 | 14.19 | -0.28 | 10.73 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 5604.91万股，累计占流通股比： 59.88%，较上 ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.3700 | 0.7600 | -51.32 | 0.8900 | | 每股净资产（元） | 9.58 | 9.38 | 2.13 | 8.51 | | 每股公积金(元) | 3.76 | 3.65 | 3.01 | 2.86 | | 每股未分配利润(元) | 4.35 | 4.26 | 2.11 | 4.19 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 5.82 | 6.02 | -3.32 | 6.13 | | 净利润(亿元) | 0.3 | 0.52 | -42.31 | 0.6 | | 净资产收益率(%) | 3.94 | 8.57 | -54.03 | 10.88 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 1726.79万股，累计占流通股比： 34.56%，较上期变化 ...

Financial Performance - The company's basic earnings per share decreased by 14.97% to 0.2652 yuan in 2024 from 0.3119 yuan in 2023 [1] - The net profit for 2024 was 0.25 billion yuan, down 13.79% compared to 0.29 billion yuan in 2023 [1] - The return on equity (ROE) fell to 5.33% in 2024 from 6.56% in 2023, representing an 18.75% decline [1] - Total revenue increased by 6.52% to 2.94 billion yuan in 2024, up from 2.76 billion yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 19.12 million shares, accounting for 38.33% of the circulating shares, with a decrease of 788,400 shares compared to the previous period [1] - Key shareholders include Qin Wenping with 6.66 million shares (13.35%) and Zhang Yujun with 5.91 million shares (11.85%), both remaining unchanged [2] - Notable changes include a significant reduction in holdings by Nanjing Huhong Enterprise Management Consulting Center, which decreased by 628,600 shares [2]