据证券之星公开数据整理，近期*ST东易(002713)发布2025年中报。截至本报告期末，公司营业总收入 3.6亿元，同比下降59.11%，归母净利润-5147.92万元，同比上升90.47%。按单季度数据看，第二季度营 业总收入1.94亿元，同比下降56.19%，第二季度归母净利润-3258.68万元，同比上升92.31%。本报告期 *ST东易盈利能力上升，毛利率同比增幅32.06%，净利率同比增幅76.3%。 本次财报公布的各项数据指标表现一般。其中，毛利率38.05%，同比增32.06%，净利率-14.43%，同比 增76.3%，销售费用、管理费用、财务费用总计1.46亿元，三费占营收比40.62%，同比减30.85%，每股 净资产-2.76元，同比减143.59%，每股经营性现金流-0.14元，同比增2.26%，每股收益-0.12元，同比增 90.7% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 8.82亿 | 3.6亿 | -59.11% | | 归母净利润(元) | -5.4亿 | -5147.9 ...

据证券之星公开数据整理，近期方大炭素（600516）发布2025年中报。截至本报告期末，公司营业总收 入16.9亿元，同比下降28.13%，归母净利润5453.27万元，同比下降68.31%。按单季度数据看，第二季 度营业总收入8.4亿元，同比下降12.85%，第二季度归母净利润4759.13万元，同比上升5803.18%。本报 告期方大炭素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337.22%。 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11.14%，同比减50.89%，净利率2.46%， 同比减66.1%，销售费用、管理费用、财务费用总计1.66亿元，三费占营收比9.8%，同比增48.89%，每 股净资产4.03元，同比减5.85%，每股经营性现金流-0.07元，同比减190.42%，每股收益0.01元，同比减 66.74% 财报体检工具显示： 建议关注公司应收账款状况（应收账款/利润已达337.22%） 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星价投圈财报分析工具显示： 业务评价：公 ...

据证券之星公开数据整理，近期广东建工（002060）发布2025年中报。截至本报告期末，公司营业总收 入293.12亿元，同比上升10.64%，归母净利润3.5亿元，同比下降23.44%。按单季度数据看，第二季度 营业总收入148.91亿元，同比上升15.26%，第二季度归母净利润2.07亿元，同比下降28.42%。本报告期 广东建工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3657.49%。 本次财报公布的各项数据指标表现一般。其中，毛利率9.5%，同比减8.29%，净利率1.28%，同比减 28.81%，销售费用、管理费用、财务费用总计13.16亿元，三费占营收比4.49%，同比减8.57%，每股净 资产3.62元，同比增5.26%，每股经营性现金流-1.56元，同比减8431.68%，每股收益0.09元，同比减 23.46% 财报体检工具显示： 建议关注公司现金流状况（货币资金/流动负债仅为37.71%、近3年经营性现金流均值/流动负债仅为 7.16%） 建议关注公司债务状况（有息资产负债率已达24.62%、有息负债总额/近3年经营性现金流均值已达 11.74%） 建议关注公司应收账款状 ...

据证券之星公开数据整理，近期*ST东通（300379）发布2025年中报。截至本报告期末，公司营业总收 入2.4亿元，同比上升48.85%，归母净利润-5515.8万元，同比上升66.8%。按单季度数据看，第二季度营 业总收入1.06亿元，同比上升23.57%，第二季度归母净利润-2461.5万元，同比上升73.59%。本报告期 *ST东通盈利能力上升，毛利率同比增幅7.9%，净利率同比增幅77.7%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率78.04%，同比增7.9%，净利率-22.99%，同比增 77.7%，销售费用、管理费用、财务费用总计2.03亿元，三费占营收比84.49%，同比减32.84%，每股净 资产5.52元，同比减11.0%，每股经营性现金流0.04元，同比增113.02%，每股收益-0.1元，同比增 66.64% 偿债能力：公司现金资产非常健康。 商业模式：公司业绩主要依靠研发及营销驱动。需要仔细研究这类驱动力背后的实际情况。 财报体检工具显示： 建议关注公司现金流状况（近3年经营性现金流均值/流动负债仅为-110.09%） 建议关注财务费用状况（近3年经营活动产生的现金流净额均 ...

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5.15%，资本回报率一般。去年的净 利率为11.66%，算上全部成本后，公司产品或服务的附加值一般。从历史年报数据统计来看，公司近 10年来中位数ROIC为9.62%，中位投资回报一般，其中最惨年份2015年的ROIC为-12.14%，投资回报极 差。公司历史上的财报相对一般，公司上市来已有年报27份，亏损年份5次，如无借壳上市等因素，价 投一般不看这类公司。偿债能力：公司现金资产非常健康。 据证券之星公开数据整理，近期甘咨询(000779)发布2025年中报。截至本报告期末，公司营业总收入 9.24亿元，同比上升2.64%，归母净利润1.33亿元，同比上升5.29%。按单季度数据看，第二季度营业总 收入5.11亿元，同比上升8.86%，第二季度归母净利润7813.33万元，同比上升6.33%。本报告期甘咨询 盈利能力上升，毛利率同比增幅5.96%，净利率同比增幅2.38%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率42.48%，同比增5.96%，净利率14.42%，同比增 2.38%，每股净资产8.45元，同比增5.12%，每股经营性现 ...

Group 1 - The core viewpoint of the news is that Beiken Energy (002828) has shown significant growth in its financial performance for the first half of 2025, with notable increases in revenue and net profit compared to the previous year [1] - The total operating revenue for the first half of 2025 reached 465 million yuan, representing a year-on-year increase of 26.14% [1] - The net profit attributable to shareholders for the same period was 13.82 million yuan, up 33.35% year-on-year [1] Group 2 - In Q2 2025, the total operating revenue was 323 million yuan, marking a substantial year-on-year increase of 59.96% [1] - The net profit attributable to shareholders in Q2 2025 was 8.80 million yuan, showing an impressive year-on-year increase of 1803.17% [1] - The company's gross profit margin was 21.42%, a decrease of 2.13% compared to the previous year, while the net profit margin improved by 4.62% to 2.93% [1] Group 3 - The company reported a significant increase in cash assets, with monetary funds reaching 281 million yuan, a rise of 157.50% year-on-year [1] - Accounts receivable increased to 730 million yuan, up 12.15% from the previous year, with accounts receivable to profit ratio reaching 16889.3% [1][3] - The total expenses (selling, administrative, and financial) amounted to 46.80 million yuan, accounting for 10.07% of revenue, a decrease of 25.45% year-on-year [1] Group 4 - The company's return on invested capital (ROIC) was reported at 1.82%, indicating weak capital returns in recent years [2] - The historical median ROIC since the company went public is 6.62%, with a particularly poor performance in 2022, where ROIC was -23.35% [2] - The company has a healthy cash asset position, but attention is needed on cash flow and debt levels, with a debt ratio of 31.06% for interest-bearing liabilities [3]

Core Viewpoint - The recent financial report of Tuoshan Heavy Industry (001226) shows a year-on-year increase in total revenue and net profit, but a decline in quarterly net profit, indicating mixed performance in the company's financial health [1]. Financial Performance - Total revenue for the first half of 2025 reached 324 million yuan, a year-on-year increase of 10.42% [1]. - Net profit attributable to shareholders was 12.43 million yuan, up 2.56% year-on-year [1]. - In Q2 2025, total revenue was 147 million yuan, a slight increase of 0.52% year-on-year, while net profit dropped by 35.06% to 4.32 million yuan [1]. - The gross profit margin improved to 12.08%, an increase of 4.29% year-on-year, while the net profit margin decreased to 3.83%, down 3.39% year-on-year [1]. - The total of selling, administrative, and financial expenses was 18.60 million yuan, accounting for 5.73% of revenue, an increase of 3.93% year-on-year [1]. Cash Flow and Debt Situation - The company reported a significant increase in operating cash flow per share to 0.74 yuan, up 950.39% year-on-year [1]. - The accounts receivable balance was 277 million yuan, a decrease of 14.06% year-on-year, but accounts receivable represented 1367.25% of net profit, indicating a high level of receivables relative to profit [1][2]. - The company’s interest-bearing debt rose to 248 million yuan, a 49.27% increase year-on-year, with a debt-to-asset ratio of 21.82% [1][2]. Business Model and Operational Efficiency - The company relies heavily on research and development for its business performance, necessitating a closer examination of the underlying drivers of this approach [2]. - The return on invested capital (ROIC) for the previous year was 2.39%, indicating weak capital returns, with a historical median ROIC of 21.96% since its listing [1][2]. - The company has experienced one loss year since its listing, suggesting the need for further investigation into the reasons behind this performance [1].

Financial Performance - The company reported total revenue of 103 million yuan for the first half of 2025, a decrease of 22.11% year-on-year [1] - The net profit attributable to shareholders was 5.036 million yuan, down 65.7% compared to the previous year [1] - In Q2 2025, total revenue was 56.6589 million yuan, reflecting a year-on-year decline of 24.89% [1] - The net profit for Q2 2025 was 1.8103 million yuan, a significant drop of 83.93% year-on-year [1] Profitability Metrics - The gross margin decreased to 33.88%, down 12.28% year-on-year [1] - The net margin fell to 4.79%, a decline of 56.53% compared to the previous year [1] - The total of selling, administrative, and financial expenses reached 23.4918 million yuan, accounting for 22.83% of total revenue, an increase of 42.24% year-on-year [1] Asset and Liability Management - Cash and cash equivalents decreased to 142 million yuan, down 40.51% year-on-year [1] - Accounts receivable stood at 253 million yuan, a decrease of 6.89% year-on-year [1] - Interest-bearing debt was reported at 114 million yuan, down 7.61% year-on-year [1] Shareholder Metrics - The net asset per share was 8.36 yuan, a decrease of 25.03% year-on-year [1] - Earnings per share dropped to 0.04 yuan, down 69.23% compared to the previous year [1] - Operating cash flow per share increased to 0.13 yuan, a significant rise of 401.68% year-on-year [1] Business Evaluation - The company's return on invested capital (ROIC) for the previous year was 2.46%, indicating weak capital returns [3] - The historical median ROIC since the company went public is 15.78%, suggesting better investment returns in the past [3] - The company's net profit margin was 9.37%, indicating average added value from products or services [3] Debt Servicing Capability - The company has a healthy cash asset position, which supports its debt servicing ability [3] Business Model Insights - The company's performance is primarily driven by research and development and capital expenditures, necessitating careful evaluation of capital spending projects [3] - There is a need to monitor the actual conditions behind these driving factors to assess potential financial pressures [3] Accounts Receivable Concerns - The accounts receivable situation is concerning, with accounts receivable to profit ratio reaching 870.74% [4]

Core Viewpoint - The recent financial report of Xingsen Technology (002436) shows significant 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 3.426 billion yuan, an increase of 18.91% year-on-year [1] - Net profit attributable to shareholders was 28.83 million yuan, up 47.85% year-on-year [1] - In Q2 2025, total revenue was 1.846 billion yuan, reflecting a year-on-year increase of 23.69% [1] - Q2 net profit attributable to shareholders was 19.46 million yuan, a substantial increase of 465.68% year-on-year [1] - Gross margin improved to 18.45%, up 11.44% year-on-year, while net margin improved to -2.54%, an increase of 17.37% year-on-year [1] Cost and Efficiency Metrics - Total selling, administrative, and financial expenses amounted to 454 million yuan, accounting for 13.26% of revenue, a decrease of 2.69% year-on-year [1] - Earnings per share (EPS) doubled to 0.02 yuan, a 100% increase year-on-year [1] - Operating cash flow per share was -0.1 yuan, a significant decline of 172.51% year-on-year [1] Balance Sheet Insights - Cash and cash equivalents decreased to 1.136 billion yuan, down 12.28% year-on-year [1] - Accounts receivable increased to 2.287 billion yuan, up 14.49% year-on-year [1] - Interest-bearing liabilities rose to 5.293 billion yuan, an increase of 16.31% year-on-year [1] Business Model and Investment Considerations - The company's performance is primarily driven by capital expenditures, necessitating careful evaluation of the profitability of these investments [2] - Analysts suggest monitoring cash flow and debt levels, as the cash ratio is only 52.35% and the interest-bearing debt ratio is 35.31% [3] - The average return on invested capital (ROIC) over the past decade is 7.1%, indicating relatively weak investment returns [1][3] Market Sentiment and Analyst Expectations - Analysts project a net profit of 112 million yuan for 2025, with an average EPS estimate of 0.07 yuan [4] - The largest fund holding Xingsen Technology shares is the Everbright Credit Enhancement Bond A, with a current scale of 4.168 billion yuan [5]

据证券之星公开数据整理，近期北新路桥（002307）发布2025年中报。根据财报显示，北新路桥增收不 增利。截至本报告期末，公司营业总收入49.56亿元，同比上升20.66%，归母净利润-8091.27万元，同比 下降868.68%。按单季度数据看，第二季度营业总收入33.42亿元，同比上升31.18%，第二季度归母净利 润-1241.64万元，同比下降370.25%。 建议关注公司现金流状况（货币资金/流动负债仅为51.73%、近3年经营性现金流均值/流动负债仅为 2.89%） 建议关注公司债务状况（有息资产负债率已达65.22%、有息负债总额/近3年经营性现金流均值已达 143.96%） 本次财报公布的各项数据指标表现一般。其中，毛利率14.63%，同比减13.95%，净利率-1.7%，同比减 618.35%，销售费用、管理费用、财务费用总计7.77亿元，三费占营收比15.67%，同比减1.25%，每股净 资产2.35元，同比减13.94%，每股经营性现金流0.22元，同比增147.11%，每股收益-0.06元，同比减 868.67% 建议关注财务费用状况（财务费用/近3年经营性现金流均值已达403.56 ...