据证券之星公开数据整理，近期远程股份（002692）发布2025年中报。截至本报告期末，公司营业总收 入22.56亿元，同比上升18.46%，归母净利润4195.66万元，同比下降1.67%。按单季度数据看，第二季 度营业总收入14.27亿元，同比上升30.32%，第二季度归母净利润2031.13万元，同比下降22.37%。本报 告期远程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2621.92%。 本次财报公布的各项数据指标表现一般。其中，毛利率8.81%，同比减19.83%，净利率1.86%，同比减 17.01%，销售费用、管理费用、财务费用总计1.1亿元，三费占营收比4.88%，同比减32.18%，每股净资 产1.67元，同比增4.81%，每股经营性现金流-0.51元，同比减71.42%，每股收益0.06元，同比减1.68% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 19.05 Z | 22.56亿 | 18.46% | | 归母净利润(元) | 4266.9万 | 4195.66万 ...

据证券之星公开数据整理，近期通润装备（002150）发布2025年中报。截至本报告期末，公司营业总收 入17.09亿元，同比上升6.33%，归母净利润9731.17万元，同比上升26.32%。按单季度数据看，第二季 度营业总收入9.01亿元，同比下降2.34%，第二季度归母净利润7899.71万元，同比上升27.96%。本报告 期通润装备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414.09%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率30.07%，同比减0.07%，净利率7.28%，同比增 10.64%，销售费用、管理费用、财务费用总计2.65亿元，三费占营收比15.54%，同比增4.67%，每股净 资产5.45元，同比增15.71%，每股经营性现金流-0.11元，同比减194.59%，每股收益0.27元，同比增 22.73% 销售费用变动幅度为23.19%,原因:本期业务增长。 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-15.84%,原因:本期支付货款及分红。 存货变动幅度为4.43%,原因:本期业务增长。 固定资产变动幅度为38.89%,原因:本期在建 ...

Core Viewpoint - The financial performance of Boyun New Material (博云新材) for the first half of 2025 shows significant growth in revenue and net profit, indicating improved profitability and operational efficiency [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 396 million yuan, a year-on-year increase of 30.98% compared to 302 million yuan in 2024 [1]. - Net profit attributable to shareholders was 8.46 million yuan, up 266.37% from 2.31 million yuan in the previous year [1]. - The gross profit margin increased to 21.15%, reflecting a year-on-year growth of 24.84% [1]. - The net profit margin rose to 2.03%, showing a substantial increase of 201.13% [1]. - Total expenses (selling, administrative, and financial) amounted to 40.64 million yuan, accounting for 10.27% of revenue, a decrease of 14.77% year-on-year [1]. Cash Flow and Debt Analysis - Operating cash flow per share was -0.06 yuan, a decline of 231.04% compared to the previous year [1]. - The company experienced a significant increase in interest-bearing debt, which rose by 81.49% to 471 million yuan [2]. - The net cash flow from operating activities decreased by 231.04%, primarily due to the previous year's recovery of large historical receivables [3]. Operational Insights - Accounts receivable increased by 56.14% to 475 million yuan, attributed to extended customer payment periods [2]. - The company’s investment activities saw a net cash flow decrease of 218.66%, linked to payments for project costs [3]. - The company’s historical return on invested capital (ROIC) has been weak, with a median of 0.96% over the past decade [4]. Business Model Considerations - The company's performance heavily relies on capital expenditures, necessitating careful evaluation of the profitability of these investments [4]. - The cash flow situation is concerning, with cash and cash equivalents only covering 81.5% of current liabilities [5].

据证券之星公开数据整理，近期首开股份（600376）发布2025年中报。截至本报告期末，公司营业总收 入180.39亿元，同比上升105.19%，归母净利润-18.39亿元，同比上升5.61%。按单季度数据看，第二季 度营业总收入141.53亿元，同比上升165.41%，第二季度归母净利润-7.59亿元，同比上升33.45%。本报 告期首开股份盈利能力上升，毛利率同比增幅30.66%，净利率同比增幅67.81%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率12.39%，同比增30.66%，净利率-7.96%，同比 增67.81%，销售费用、管理费用、财务费用总计24.58亿元，三费占营收比13.62%，同比减50.83%，每 股净资产3.05元，同比减51.08%，每股经营性现金流2.75元，同比增258.02%，每股收益-0.75元，同比 增5.34% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 87.92亿 | 180.39 Z | 105.19% | | 归母浄利润（元） | -19.48 Z | ...

Core Viewpoint - Hainan Airport reported a revenue increase but a significant decline in net profit for the first half of 2025, indicating challenges in profitability despite higher sales [1] Financial Performance - Total revenue for Hainan Airport reached 2.311 billion yuan, a year-on-year increase of 2.66% [1] - Net profit attributable to shareholders was 128 million yuan, down 55.91% year-on-year [1] - In Q2 2025, total revenue was 1.22 billion yuan, up 15.36% year-on-year, while net profit was 27.24 million yuan, down 61.52% year-on-year [1] - Gross margin decreased to 37.85%, down 13.32% year-on-year, and net margin fell to 6.78%, down 52.44% year-on-year [1] - Total operating expenses (selling, administrative, and financial) amounted to 617 million yuan, accounting for 26.71% of revenue, an increase of 5.56% year-on-year [1] Key Financial Ratios - Earnings per share dropped to 0.01 yuan, a decrease of 55.73% year-on-year [1] - Operating cash flow per share was -0.08 yuan, down 142.54% year-on-year [1] - The company's net asset per share increased slightly to 2.06 yuan, up 1.19% year-on-year [1] Changes in Financial Items - Significant increase in trading financial assets by 32,533.38% due to the purchase of structured deposits worth 200 million yuan [1] - Accounts receivable decreased by 23.82% to 1.108 billion yuan [1] - Short-term borrowings increased by 726.87%, indicating a rise in financing activities [5] - Operating costs rose by 13.26%, attributed to increased costs in airport operations and lower margins in real estate projects [9] Investment Insights - The company's return on invested capital (ROIC) was 1.87%, indicating weak capital returns [12] - The company has experienced seven years of losses since its listing, suggesting a generally poor financial performance history [12] - Cash flow analysis indicates a concerning trend with negative operating cash flow over the past three years [14]

据证券之星公开数据整理，近期奥联电子（300585）发布2025年中报。根据财报显示，奥联电子营收净 利润同比双双增长。截至本报告期末，公司营业总收入2.17亿元，同比上升0.82%，归母净利润179.4万 元，同比上升281.12%。按单季度数据看，第二季度营业总收入1.12亿元，同比下降0.61%，第二季度归 母净利润362.1万元，同比上升323.01%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率19.1%，同比减15.32%，净利率0.2%，同比增 115.73%，销售费用、管理费用、财务费用总计3231.69万元，三费占营收比14.92%，同比减12.61%，每 股净资产4.15元，同比减1.07%，每股经营性现金流-0.01元，同比增77.56%，每股收益0.01元，同比增 281.03% 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-2.6%，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8.15%，投资回报也较好，其中最惨年份2024年的ROIC 为-1.5%，投资回报极差。公司历史上的财报相对一般（注：公司上市时间不满 ...

Core Viewpoint - Jun Cheng Technology (301106) reported a mixed performance in its 2025 mid-year financial results, with revenue growth but declining profit margins and net profit in the second quarter [1]. Financial Performance - Total revenue for the first half of 2025 reached 461 million yuan, a year-on-year increase of 13.38% [1]. - Net profit attributable to shareholders was 54.17 million yuan, up 0.69% year-on-year [1]. - In Q2 2025, total revenue was 267 million yuan, reflecting a 9.19% increase year-on-year, while net profit decreased by 9.12% to 29.30 million yuan [1]. Profitability Metrics - Gross margin stood at 22.35%, down 8.86% year-on-year [1]. - Net margin was 11.74%, a decline of 11.19% compared to the previous year [1]. - The total of selling, administrative, and financial expenses was 17.24 million yuan, accounting for 3.74% of revenue, which is a 4.77% increase year-on-year [1]. Cash Flow and Assets - Cash and cash equivalents increased significantly by 73.10% to 496 million yuan [1]. - Operating cash flow per share was 0.74 yuan, a substantial increase of 487.25% year-on-year [1]. Receivables and Debt - Accounts receivable amounted to 327 million yuan, a 4.62% increase year-on-year, with accounts receivable to net profit ratio reaching 342.67% [1][3]. - The company reported interest-bearing liabilities of 21.24 million yuan [1]. Historical Performance - The company's return on invested capital (ROIC) was 6.66% last year, indicating average capital returns [1]. - Historical data shows a median ROIC of 17.66% since the company went public, with the lowest ROIC recorded in 2023 at 5.4% [1].

Core Viewpoint - Qing Shan Paper's 2025 mid-year report shows a decline in total revenue but an increase in net profit, indicating mixed financial performance amid challenging market conditions [1]. Financial Performance - Total revenue for the first half of 2025 was 1.21 billion yuan, a decrease of 15.27% year-on-year [1]. - Net profit attributable to shareholders was 56.08 million yuan, an increase of 1.74% year-on-year [1]. - In Q2 2025, total revenue was 583 million yuan, down 23.44% year-on-year, while net profit was 25.39 million yuan, a decline of 24.1% [1]. - Gross margin improved to 22.54%, up 25.39% year-on-year, and net margin increased to 5.4%, up 19.53% year-on-year [1]. Cost and Expenses - Total selling, administrative, and financial expenses amounted to 177 million yuan, accounting for 14.59% of revenue, an increase of 16.45% year-on-year [1]. - Operating cash flow per share was -0.03 yuan, a significant decrease of 183.52% year-on-year [1]. Balance Sheet Highlights - Cash and cash equivalents increased by 38.21% to 155.5 million yuan [2]. - Accounts receivable decreased by 21.53% to 269 million yuan [2]. - Interest-bearing debt decreased by 13.47% to 768 million yuan [2]. Changes in Financial Items - Accounts receivable increased by 158.2% due to customer credit terms [2]. - Prepayments decreased by 47.94% as the company settled invoices [2]. - Long-term liabilities due within one year decreased by 57.34% due to repayment of long-term loans [3]. Operational Insights - The company's return on invested capital (ROIC) was 2.05%, indicating weak capital returns [7]. - The net profit margin was 3.6%, suggesting low added value in products or services [7]. - The company has experienced three years of losses since its listing, indicating a fragile business model [7]. Cash Flow Analysis - Net cash flow from operating activities decreased by 181.62% due to reduced deposits and increased cash payments for goods [4]. - Net cash flow from investing activities increased by 117.46% as cash payments for fixed and intangible assets decreased [5]. - Net cash flow from financing activities decreased by 374.36% due to increased debt repayments [6]. Debt and Liquidity - The company maintains a healthy cash position, which is crucial for its debt servicing capabilities [8]. - The accounts receivable to profit ratio reached 316.92%, indicating potential liquidity concerns [10].

财务报表中对有大幅变动的财务项目的原因说明如下： 交易性金融资产的变动原因:远期结售汇公允价值变动。 据证券之星公开数据整理，近期航天机电（600151）发布2025年中报。根据财报显示，航天机电净利润 同比下降555.3%。截至本报告期末，公司营业总收入18.19亿元，同比下降41.01%，归母净利润-2.15亿 元，同比下降555.3%。按单季度数据看，第二季度营业总收入9.03亿元，同比下降46.57%，第二季度归 母净利润-2.04亿元，同比下降1475.13%。 本次财报公布的各项数据指标表现一般。其中，毛利率9.13%，同比增7.03%，净利率-12.76%，同比减 903.93%，销售费用、管理费用、财务费用总计9544.35万元，三费占营收比5.25%，同比减29.38%，每 股净资产3.26元，同比减4.6%，每股经营性现金流0.03元，同比增110.88%，每股收益-0.15元，同比减 555.9% 应收票据变动幅度为119.48%,原因:已背书或贴现且在资产负债表日尚未到期的非"6+9"应收票据增加。 预付款项变动幅度为36.24%,原因:按合同支付的材料采购款增加。 在建工程变动幅度为 ...

据证券之星公开数据整理，近期威迈斯（688612）发布2025年中报。截至本报告期末，公司营业总收入 29.6亿元，同比上升6.82%，归母净利润2.72亿元，同比上升26.18%。按单季度数据看，第二季度营业 总收入16.07亿元，同比上升14.45%，第二季度归母净利润1.71亿元，同比上升68.79%。本报告期威迈 斯盈利能力上升，毛利率同比增幅0.25%，净利率同比增幅15.71%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率20.68%，同比增8.84%，净利率9.22%，同比增 15.71%，销售费用、管理费用、财务费用总计1.2亿元，三费占营收比4.07%，同比增2.37%，每股净资 产7.96元，同比增0.18%，每股经营性现金流1.15元，同比增3369.18%，每股收益0.65元，同比增27.45% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 27.71亿 | 29.6亿 | 6.82% | | 归母净利润(元) | 2.16亿 | 2.72亿 | 26.18% | | 扣非净利润( ...