据证券之星公开数据整理，近期新宁物流（300013）发布2025年中报。截至本报告期末，公司营业总收 入2.24亿元，同比下降8.2%，归母净利润-90.09万元，同比上升94.69%。按单季度数据看，第二季度营 业总收入1.13亿元，同比下降8.33%，第二季度归母净利润-669.51万元，同比上升55.4%。本报告期新宁 物流短期债务压力上升，流动比率达0.9。 本次财报公布的各项数据指标表现一般。其中，毛利率16.01%，同比减19.28%，净利率-0.52%，同比 增93.17%，销售费用、管理费用、财务费用总计5533.05万元，三费占营收比24.72%，同比减21.48%， 每股净资产0.36元，同比增204.14%，每股经营性现金流-0.06元，同比减3340.13%，每股收益-0.0元， 同比增95.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 2.44亿 | 2.24亿 | -8.20% | | 归母浄利润（元） | -1695.2万 | -90.09万 | 94.69% | | 扣非净 ...

建议关注公司现金流状况（货币资金/总资产仅为7.5%、货币资金/流动负债仅为27.74%、近3年经营性 现金流均值/流动负债仅为0.21%） 据证券之星公开数据整理，近期通裕重工（300185）发布2025年中报。截至本报告期末，公司营业总收 入29.43亿元，同比上升7.59%，归母净利润6073.89万元，同比上升49.7%。按单季度数据看，第二季度 营业总收入15.27亿元，同比上升14.11%，第二季度归母净利润2187.04万元，同比下降27.29%。本报告 期通裕重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4915.79%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率13.34%，同比减3.67%，净利率2.12%，同比增 39.83%，销售费用、管理费用、财务费用总计1.85亿元，三费占营收比6.28%，同比减8.08%，每股净资 产1.71元，同比减0.01%，每股经营性现金流0.03元，同比增35.36%，每股收益0.02元，同比增100.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | ...

Financial Performance - The company reported a total revenue of 4.551 billion yuan for the first half of 2025, a decrease of 7.68% year-on-year [1] - The net profit attributable to shareholders was 319 million yuan, down 43.43% compared to the previous year [1] - The gross profit margin was 34.38%, a decline of 3.85% year-on-year, while the net profit margin fell to 7.32%, down 39.27% [1] - The total of selling, administrative, and financial expenses reached 845 million yuan, accounting for 18.56% of revenue, an increase of 9.44% year-on-year [1] Cash Flow and Receivables - The company reported a negative operating cash flow of -0.11 yuan per share, although this represented a 65.06% improvement year-on-year [1] - Accounts receivable increased by 14.77% year-on-year, reaching 1.239 billion yuan, which is 90.35% of the net profit [1][3] Investment and Market Position - The company's return on invested capital (ROIC) was 13.52%, indicating strong capital returns, with a historical median ROIC of 17.22% over the past decade [3] - The estimated dividend yield is 4.85%, suggesting a potential return for investors [3] Fund Holdings - The largest fund holding the company’s shares is the Zhongjin New Star Stock A, with 5.6404 million shares, marking a new entry into the top ten holdings [4] - Other funds have also increased their positions, indicating growing interest in the company despite recent performance challenges [4]

Core Viewpoint - Jiangling Motors (000550) reported mixed financial results for the first half of 2025, with a slight increase in revenue but a significant decline in net profit compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 reached 18.092 billion yuan, a year-on-year increase of 0.96% [1] - Net profit attributable to shareholders was 733 million yuan, down 18.17% year-on-year [1] - In Q2 2025, total revenue was 10.125 billion yuan, up 1.81% year-on-year, while net profit was 427 million yuan, an increase of 3.3% [1] - Gross margin improved to 14.11%, up 4.04% year-on-year, and net margin increased to 4.05%, up 18.94% year-on-year [1] Key Financial Ratios - The company reported a total of 8.72 billion yuan in selling, administrative, and financial expenses, which accounted for 4.82% of revenue, a decrease of 12.74% year-on-year [1] - Earnings per share (EPS) decreased to 0.85 yuan, down 18.27% year-on-year, while net asset per share increased to 13.02 yuan, up 5.48% year-on-year [1] - Operating cash flow per share was -0.07 yuan, a significant decline of 108.8% year-on-year [1] Debt and Receivables - The company’s cash assets were reported as healthy, with cash and cash equivalents at 11.84 billion yuan, a 7.21% increase year-on-year [1] - Accounts receivable increased to 5.686 billion yuan, up 20.67% year-on-year, raising concerns as accounts receivable to profit ratio reached 369.9% [2] Investment Insights - Analysts expect the company's performance for 2025 to reach 1.6 billion yuan, with an average EPS forecast of 1.85 yuan [2] - The company has shown a historical median ROIC of 6.38%, indicating weak investment returns, with a notable low of -0.84% in 2018 [1] Fund Holdings - The largest fund holding Jiangling Motors is the Huatai-PineBridge Contrarian Investment Mixed A, with 1.3478 million shares, newly entering the top ten holdings [3] - Other funds that have increased their holdings include Huatai-PineBridge Advanced Manufacturing Mixed A and Huatai-PineBridge New Wisdom Selected Mixed A [3]

据证券之星公开数据整理，近期清越科技（688496）发布2025年中报。根据财报显示，清越科技营收上 升亏损收窄。截至本报告期末，公司营业总收入3.29亿元，同比上升9.49%，归母净利润-3076.49万元， 同比上升20.89%。按单季度数据看，第二季度营业总收入1.57亿元，同比上升15.07%，第二季度归母净 利润-1477.65万元，同比上升52.15%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率6.67%，同比减41.72%，净利率-12.49%，同比 增25.6%，销售费用、管理费用、财务费用总计3425.47万元，三费占营收比10.41%，同比减13.44%，每 股净资产2.21元，同比减6.88%，每股经营性现金流0.12元，同比增253.34%，每股收益-0.07元，同比增 22.22% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 3.01亿 | 3.29 Z | 9.49% | | 归母净利润（元） | -3888.69万 | -3076.49万 | 20.89% | | 扣非净 ...

本次财报公布的各项数据指标表现一般。其中，毛利率11.47%，同比减20.14%，净利率1.03%，同比减 80.06%，销售费用、管理费用、财务费用总计2162.33万元，三费占营收比3.82%，同比增28.16%，每股 净资产2.05元，同比减0.37%，每股经营性现金流0.05元，同比增86.75%，每股收益0.01元，同比减 64.52% 据证券之星公开数据整理，近期中巨芯（688549）发布2025年中报。截至本报告期末，公司营业总收入 5.67亿元，同比上升20.4%，归母净利润813.77万元，同比下降64.57%。按单季度数据看，第二季度营 业总收入2.96亿元，同比上升24.95%，第二季度归母净利润932.15万元，同比下降39.41%。本报告期中 巨芯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2757.46%。 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1.09%，算上全部成本后，公司产品或服务的附加值不高。从历史年报数据 统计来看，公司上市以来中位数ROIC为-0.02%，投资回报极差，其中最惨年份2018年的ROIC 为-5.27%，投资回报极差。公司 ...

Core Viewpoint - The recent financial report of Borui Data (688229) shows a modest increase in revenue but significant improvement in net profit loss, indicating potential recovery despite ongoing challenges [1]. Financial Performance - Total revenue for the first half of 2025 reached 70.20 million yuan, a year-on-year increase of 5.19% compared to 66.73 million yuan in 2024 [1]. - The net profit attributable to shareholders was -26.19 million yuan, showing a 46.75% improvement from -49.18 million yuan in the previous year [1]. - In Q2 2025, total revenue was 33.99 million yuan, up 16.84% year-on-year, while the net profit attributable to shareholders was -16.99 million yuan, an increase of 51.72% from the same period last year [1]. Key Financial Ratios - Gross margin stood at 67.72%, down 5.22% from 71.45% in 2024, while the net margin improved to -37.30%, a 49.58% increase from -73.98% [1]. - Total operating expenses (sales, management, and financial expenses) amounted to 40.87 million yuan, accounting for 58.21% of revenue, a decrease of 24.85% year-on-year [1]. - Earnings per share improved to -0.60 yuan, a 46.90% increase from -1.13 yuan in 2024 [1]. Accounts Receivable and Cash Flow - Accounts receivable increased to 84.10 million yuan, representing 59.83% of total revenue, indicating a significant portion of revenue is tied up in receivables [1]. - Operating cash flow per share was -0.80 yuan, reflecting a 21.05% improvement from -1.01 yuan in the previous year [1]. Investment Considerations - The company has shown a historical median ROIC of 35.54%, but the worst year recorded a ROIC of -24.66% in 2024, indicating volatility in investment returns [3]. - Analysts suggest monitoring cash flow and accounts receivable due to the negative net profit and cash flow trends over the past three years [3].

据证券之星公开数据整理，近期博众精工（688097）发布2025年中报。截至本报告期末，公司营业总收 入18.76亿元，同比上升2.34%，归母净利润1.63亿元，同比上升69.69%。按单季度数据看，第二季度营 业总收入11.39亿元，同比上升4.48%，第二季度归母净利润1.94亿元，同比上升65.31%。本报告期博众 精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692.68%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率32.64%，同比减9.98%，净利率8.21%，同比增 53.04%，销售费用、管理费用、财务费用总计3.12亿元，三费占营收比16.62%，同比减1.6%，每股净资 产10.21元，同比增8.57%，每股经营性现金流0.67元，同比增188.55%，每股收益0.36元，同比增68.52% 分析师工具显示：证券研究员普遍预期2025年业绩在5.17亿元，每股收益均值在1.16元。 | 博众精工 最新财务摘要 | | --- | | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入( ...

据证券之星公开数据整理，近期中国石油（601857）发布2025年中报。截至本报告期末，公司营业总收 入14500.99亿元，同比下降6.74%，归母净利润839.93亿元，同比下降5.42%。按单季度数据看，第二季 度营业总收入6969.91亿元，同比下降6.09%，第二季度归母净利润371.86亿元，同比下降13.59%。本报 告期中国石油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72.7%。 财报体检工具显示： 1. 建议关注公司现金流状况（货币资金/流动负债仅为68.84%） 分析师工具显示：证券研究员普遍预期2025年业绩在1633.33亿元，每股收益均值在0.89元。 本次财报公布的各项数据指标表现一般。其中，毛利率20.89%，同比减0.39%，净利率6.46%，同比增 0.64%，销售费用、管理费用、财务费用总计672.95亿元，三费占营收比4.64%，同比增8.17%，每股净 资产8.5元，同比增4.43%，每股经营性现金流1.24元，同比增3.96%，每股收益0.46元，同比减6.12% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | - ...

Core Viewpoint - The financial performance of Yiqiu Resources (601388) for the first half of 2025 shows a mixed picture, with revenue growth but a significant decline in net profit, raising concerns about the company's financial health and operational efficiency [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 reached 3.581 billion yuan, an increase of 10.46% compared to the same period in 2024 [1]. - The net profit attributable to shareholders was 29.39 million yuan, a decrease of 57.11% year-on-year [1]. - In Q2 2025, total revenue was 1.787 billion yuan, up 7.38% year-on-year, while net profit dropped 80.07% to 7.95 million yuan [1]. - The gross margin was 6.21%, down 23.46% year-on-year, and the net margin was 0.82%, down 61.17% [1]. - Total receivables accounted for 3329.77% of the latest annual net profit, indicating a significant concern regarding accounts receivable management [1][3]. Key Financial Metrics - The company reported a cash flow from operating activities of 0.06 yuan per share, a substantial increase of 135.03% year-on-year [1]. - The total liabilities decreased by 19.83% to 1.121 billion yuan, while cash and cash equivalents increased by 14.02% to 615 million yuan [1]. - The company's return on invested capital (ROIC) was 1.34%, indicating weak capital returns, with a historical median ROIC of 4.18% over the past decade [3]. Operational Insights - The company has faced challenges in maintaining profitability, with a significant drop in net profit margins and overall return on investment [3]. - The business model relies heavily on marketing-driven strategies, necessitating a deeper analysis of the underlying factors affecting sales performance [3]. - The company has seen a notable increase in contract liabilities by 64.11%, attributed to increased customer prepayments, which may indicate a shift in customer payment behavior [1].