据证券之星公开数据整理，近期上实发展(600748)发布2025年中报。根据财报显示，上实发展增收不增 利。截至本报告期末，公司营业总收入12.32亿元，同比上升19.73%，归母净利润-7.54亿元，同比下降 327.21%。按单季度数据看，第二季度营业总收入5.98亿元，同比上升22.26%，第二季度归母净利 润-6.73亿元，同比下降2286.05%。 本次财报公布的各项数据指标表现一般。其中，毛利率22.84%，同比增68.59%，净利率-57.92%，同比 减224.96%，销售费用、管理费用、财务费用总计3.27亿元，三费占营收比26.57%，同比减29.2%，每股 净资产5.58元，同比增4.74%，每股经营性现金流-0.61元，同比增35.5%，每股收益-0.41元，同比减 310.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 10.29亿 | 12.32亿 | 19.73% | | 归母净利润（元） | -1.77亿 | -7.54亿 | -327.21% | | 扣非净利润(元) | ...

据证券之星公开数据整理，近期兴化股份（002109）发布2025年中报。截至本报告期末，公司营业总收 入16.84亿元，同比下降7.18%，归母净利润-1.92亿元，同比上升25.77%。按单季度数据看，第二季度营 业总收入8.44亿元，同比下降6.84%，第二季度归母净利润-9683.68万元，同比上升12.2%。本报告期兴 化股份短期债务压力上升，流动比率达0.74。 建议关注公司债务状况（有息资产负债率已达36.97%、流动比率仅为0.74） 建议关注公司应收账款状况（年报归母净利润为负） 本次财报公布的各项数据指标表现一般。其中，毛利率-7.27%，同比增13.89%，净利率-18.15%，同比 增2.02%，销售费用、管理费用、财务费用总计1.53亿元，三费占营收比9.06%，同比增4.29%，每股净 资产3.38元，同比减6.94%，每股经营性现金流0.09元，同比减53.24%，每股收益-0.15元，同比增 25.76% 业务评价：去年的净利率为-8.93%，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，公司近10年来中位数ROIC为4.38%，中位投资回报较弱，其中最惨 ...

据证券之星公开数据整理，近期日丰股份(002953)发布2025年中报。截至本报告期末，公司营业总收入 23.54亿元，同比上升13.22%，归母净利润1.13亿元，同比上升27.33%。按单季度数据看，第二季度营 业总收入12.38亿元，同比上升6.04%，第二季度归母净利润6615.73万元，同比上升19.67%。本报告期 日丰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923.47%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率11.9%，同比减1.03%，净利率4.78%，同比增 13.2%，销售费用、管理费用、财务费用总计9502.69万元，三费占营收比4.04%，同比减8.79%，每股净 资产4.19元，同比增5.93%，每股经营性现金流0.07元，同比增139.05%，每股收益0.25元，同比增 30.63% 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7.4%，资本回报率一般。去年的净 利率为3.9%，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10.38%，投资回报也较好，其中最惨年份2022年的 ...

据证券之星公开数据整理，近期中岩大地(003001)发布2025年中报。截至本报告期末，公司营业总收入 3.61亿元，同比下降11.77%，归母净利润2074.73万元，同比上升2.69%。按单季度数据看，第二季度营 业总收入1.99亿元，同比下降26.96%，第二季度归母净利润1037.3万元，同比下降35.59%。本报告期中 岩大地盈利能力上升，毛利率同比增幅14.5%，净利率同比增幅4.86%。 本次财报公布的各项数据指标表现一般。其中，毛利率24.44%，同比增14.5%，净利率5.24%，同比增 4.86%，销售费用、管理费用、财务费用总计3617.05万元，三费占营收比10.02%，同比增9.41%，每股 净资产9.42元，同比增3.19%，每股经营性现金流-1.15元，同比减58.17%，每股收益0.16元，同比增 2.5% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 4.09亿 | 3.61亿 | -11.77% | | 归母净利润(元) | 2020.38万 | 2074.73万 | 2.6 ...

证券之星消息，中国中免2025年中报显示，公司主营收入281.51亿元，同比下降9.96%；归母净利润 26.0亿元，同比下降20.81%；扣非净利润25.95亿元，同比下降19.84%；其中2025年第二季度，公司单 季度主营收入114.05亿元，同比下降8.45%；单季度归母净利润6.62亿元，同比下降32.21%；单季度扣 非净利润6.6亿元，同比下降29.72%；负债率18.61%，投资收益-2317.69万元，财务费用-5.01亿元，毛 利率32.77%。 财报数据概要请见下图: 销售毛利率 (%) 32.77 同比 -2.29% 净资产收益率(%) 4.65 同比 -22.11% 每股营业收入(元) 13.61 同比 -9.96% 每股收益(元) 1.26 同比 -20.80% 每股净资产(元) 26.68 同比 +2.54% 每股经营性现金流(元) 1.26 同比 -39.49% 2023 2024 2025 ■ 营业总收入-中报(亿) ■ 单季度营业总收入-第二季度(亿) 一 归母净利润 一 归母净利润-中报(亿) 26.00 同比 -20.80% 单季度归母净利润-第二季度(亿) 6.62 ...

Core Insights - The company reported a main revenue of 180 million yuan for the first half of 2025, showing a year-on-year increase of 0.58% [1] - The net profit attributable to shareholders reached 65.81 million yuan, up 1.75% year-on-year [1] - The non-recurring net profit was 54.69 million yuan, reflecting a decline of 13.35% year-on-year [1] Financial Performance - In Q2 2025, the company's single-quarter main revenue was 94.20 million yuan, down 1.03% year-on-year [1] - The single-quarter net profit attributable to shareholders was 40.01 million yuan, an increase of 14.83% year-on-year [1] - The single-quarter non-recurring net profit was 29.03 million yuan, down 14.59% year-on-year [1] Profitability Metrics - The company's debt ratio stands at 13.61% [1] - Financial expenses were recorded at -2.12 million yuan [1] - The gross profit margin is 61.61%, which is a decrease of 5.23% year-on-year [5] Earnings Per Share - Earnings per share (EPS) is 0.25 yuan, reflecting a year-on-year increase of 1.75% [5] - The operating cash flow per share is 0.31 yuan, down 16.24% year-on-year [5] - The net asset per share is 3.70 yuan, up 7.90% year-on-year [5] Shareholder Information - The largest shareholder is China National Gold Group Corporation, holding 54.20% of shares [9] - Other significant shareholders include Zhejiang Shiyuan Precious Metals Co., Ltd. with 9.60% [9] - The total number of shareholders is approximately 2.1 million [11]

证券之星消息，海南高速2025年中报显示，公司主营收入1.71亿元，同比上升314.3%；归母净利 润-3531.43万元，同比下降220.92%；扣非净利润-3454.59万元，同比下降236.24%；其中2025年第二季 度，公司单季度主营收入1.13亿元，同比上升399.03%；单季度归母净利润-2173.94万元，同比下降 317.05%；单季度扣非净利润-1993.02万元，同比下降185.86%；负债率20.84%，投资收益1285.47万 元，财务费用-78.76万元，毛利率14.52%。 财报数据概要请见下图: 2023 2024 2025 ■ 营业总收入-中报(亿) ■ 单季度营业总收入-第二季度(亿) 一 归母净利润 一 归母净利润-中报(万) -3531.43 同比 -220.92% 单季度归母净利润-第二季度(万) -2173.94 同比 -317.04% 4244.24 4347.96 2920.39 -521.27 -2173.94 -3531.42 2023 2024 2025 ■ 归母净利润-中报(万) ■ 单季度归母净利润-第二季度(万) 一 扣非净利润 一 扣非净利润-中报 ...

据证券之星公开数据整理，近期广博股份(002103)发布2025年中报。截至本报告期末，公司营业总收入 11.71亿元，同比上升2.38%，归母净利润7613.41万元，同比上升4.22%。按单季度数据看，第二季度营 业总收入6.87亿元，同比下降2.45%，第二季度归母净利润4622.38万元，同比下降8.03%。本报告期广 博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357.14%。 本次财报公布的各项数据指标表现一般。其中，毛利率18.28%，同比减2.36%，净利率6.5%，同比增 1.75%，销售费用、管理费用、财务费用总计1.26亿元，三费占营收比10.75%，同比增1.3%，每股净资 产2.16元，同比增17.07%，每股经营性现金流-0.13元，同比减148.53%，每股收益0.14元，同比增5.4% 财报体检工具显示： 一年内到期的非流动资产的变动原因:部分长期定期存单将于一年内到期，转入一年内到期的非流动 资产。 其他流动资产变动幅度为162.09%,原因:待抵扣进项税较年初增加。 其他非流动资产变动幅度为-99.62%,原因:部分长期定期存单将于一年内到期，转入一年内 ...

Core Viewpoint - Xianhe Co., Ltd. reported mixed financial results for the first half of 2025, with significant revenue growth but a decline in net profit, indicating potential challenges in profitability despite increased sales [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 5.991 billion yuan, a year-on-year increase of 30.14% compared to 4.604 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 474 million yuan, down 13.8% from 550 million yuan in the previous year [1]. - The gross margin decreased to 13.71%, a decline of 22.51% year-on-year, while the net margin fell to 7.97%, down 33.82% [1]. - The company reported a significant increase in accounts receivable, which accounted for 181.16% of the latest annual net profit [1]. Cash Flow and Debt Analysis - Operating cash flow per share increased significantly by 326.24% to 0.47 yuan, indicating improved cash generation from operations [1]. - The company’s interest-bearing liabilities rose to 12.382 billion yuan, an increase of 26.83% from the previous year [1]. - The cash flow from financing activities decreased by 13.05%, attributed to a reduction in bank borrowings [4]. Investment and Operational Insights - The company’s return on invested capital (ROIC) was reported at 6.94%, indicating average capital returns, with historical median ROIC at 9.55% [4]. - The business model relies heavily on capital expenditures, necessitating careful evaluation of the profitability of these investments [4]. - The company’s cash flow situation is concerning, with cash and cash equivalents covering only 21.21% of current liabilities [4]. Market Position and Analyst Expectations - Analysts project a performance of 1.257 billion yuan for 2025, with an average earnings per share estimate of 1.78 yuan [2]. - The largest fund holding Xianhe Co., Ltd. shares is the Xinyuan Zhiyuan Heavy Chemical Stock Selection Mixed A Fund, which recently increased its position [3].

Core Viewpoint - The recent financial report of Shan Gu Power (601369) indicates a decline in both revenue and net profit for the first half of 2025 compared to the previous year, raising concerns about the company's financial health and operational efficiency [1]. Financial Performance - Total revenue for the first half of 2025 was 4.869 billion yuan, a decrease of 2.7% year-on-year [1]. - Net profit attributable to shareholders was 414 million yuan, down 9.75% year-on-year [1]. - In Q2 2025, total revenue was 2.31 billion yuan, reflecting an 8.03% decline year-on-year [1]. - Q2 net profit attributable to shareholders was 166 million yuan, a significant drop of 25.82% year-on-year [1]. - Gross margin was 20.65%, down 11.35% year-on-year, while net margin was 9.77%, a decrease of 6.01% year-on-year [1]. Cash Flow and Debt - Operating cash flow per share was 0.14 yuan, a substantial decrease of 58.3% year-on-year [1]. - The company's receivables were notably high, with accounts receivable accounting for 378.4% of the latest annual net profit [1][4]. - The company reported a decrease in interest-bearing debt to 4.214 billion yuan, down 18.89% year-on-year [1]. Investment Metrics - The company's return on invested capital (ROIC) was 6.61%, indicating a generally weak capital return [4]. - The average ROIC over the past decade was 6.05%, with the lowest recorded at 2.92% in 2016 [4]. - The net profit margin for the previous year was 11.14%, suggesting average value addition from products or services [4]. Shareholder Information - The largest fund holding Shan Gu Power is the Guolian State-owned Enterprise Reform Mixed Fund, with 1.13 billion yuan in assets and a recent net value increase of 0.8% [5]. - Other funds have also increased their holdings or entered the top ten shareholders, indicating some level of investor interest despite the recent financial performance [5].