近期泰恩康（301263）发布2025年一季报，证券之星财报模型分析如下： 泰恩康2025年一季度财务表现 收入与利润 根据泰恩康发布的2025年一季报，公司营业总收入为1.85亿元，同比下降2.35%。归母净利润为3154.6 万元，同比下降30.62%；扣非净利润为3145.75万元，同比下降27.58%。这表明公司在一季度的盈利能 力有所减弱。 盈利能力指标 从盈利能力来看，公司的毛利率为61.65%，同比减少2.41%；净利率为16.62%，同比减少25.91%。每股 收益为0.07元，同比减少36.36%。这些数据反映出公司在一季度的成本控制和盈利水平方面面临一定压 力。 成本与费用 一季度，公司的销售费用、管理费用、财务费用总计为5806.82万元，三费占营收比为31.45%，同比增 长23.34%。这表明公司在费用控制方面存在一定的挑战，费用增长速度超过了收入的增长。 资产负债情况 截至一季度末，公司的货币资金为4.85亿元，同比增长14.71%；应收账款为3.74亿元，同比增长 13.87%；有息负债为3.2亿元，同比增长52.00%。应收账款与利润的比例高达345.92%，需关注应收账款 的 ...

销售费用、管理费用、财务费用总计为4657.78万元，三费占营收比为7.3%，同比减少了27.24%。尽管 费用控制有所改善，但未能有效提升整体盈利水平。 盈利能力 公司的毛利率为8.33%，同比减少了24.39%；净利率为0.87%，同比减少了4.29%。这些数据反映了公司 在主营业务上的盈利能力有所减弱。 成本与费用 近期电声股份（300805）发布2025年一季报，证券之星财报模型分析如下： 营收与利润 电声股份在2025年一季度实现了营业总收入6.38亿元，同比上升21.45%。然而，归母净利润为433.71万 元，同比下降15.46%，扣非净利润为141.15万元，同比下降41.76%。这表明公司在收入增长的同时，盈 利能力有所下降。 现金流与资产负债 货币资金为6亿元，同比减少了26.47%；有息负债为2.03亿元，同比增加了3579.45%。这表明公司在债 务方面面临一定的压力。 总结 总体来看，电声股份在2025年一季度虽然实现了营收的增长，但在盈利能力、现金流管理和应收账款方 面面临较大挑战。公司需要进一步优化成本结构，加强应收账款管理，并改善现金流状况，以提升整体 运营效率和盈利能力。 每 ...

Performance Overview - The total revenue of Tongguang Cable in Q1 2025 was 396 million yuan, a decrease of 12.98% compared to the same period last year [1] - The net profit attributable to the parent company was 5.58 million yuan, down 49.47% year-on-year [1] - The net profit after deducting non-recurring items was 4.26 million yuan, a decline of 33.7% year-on-year [1] Profitability Analysis - The company's gross margin was 19.35%, an increase of 22.18% year-on-year [2] - However, the net profit margin was only 1.69%, a decrease of 37.55% year-on-year, indicating challenges in cost and expense control [2] Expense Control - Total expenditures on sales, management, and financial expenses amounted to 46.77 million yuan, accounting for 11.8% of total revenue, an increase of 13.26% year-on-year [3] Cash Flow and Debt - As of the end of the reporting period, the company's cash and cash equivalents were 354 million yuan, a decrease of 12.09% year-on-year [4] - Accounts receivable reached 1.163 billion yuan, representing 2481.81% of the latest annual net profit, indicating significant pressure in accounts receivable management [4] - Interest-bearing debt was 511 million yuan, an increase of 24.52% year-on-year, indicating a heavier debt burden [4] Per Share Metrics - The net asset per share was 4.86 yuan, a decrease of 0.95% year-on-year [5] - Earnings per share were 0.01 yuan, down 50.0% year-on-year [5] - Operating cash flow per share was -0.1 yuan, although it improved by 34.63% year-on-year, it remains negative, indicating significant cash outflow from operations [5] Business Model and Capital Return - The company's performance primarily relies on R&D, marketing, and equity financing [6] - The last year's Return on Invested Capital (ROIC) was 2.38%, indicating weak capital returns, with a net profit margin of 2%, suggesting low added value of products or services [6] Summary - Overall, Tongguang Cable's financial performance in Q1 2025 was unsatisfactory, particularly in terms of profitability and cash flow [7] - The company needs to focus on managing accounts receivable and improving cash flow to ensure sustainable development in the future [7]

Core Viewpoint - Xunxing Co., Ltd. demonstrated solid growth in Q1 2025, with significant increases in revenue and net profit, indicating a strong performance in its core business [2][8]. Financial Performance - The total operating revenue reached 597 million yuan, a year-on-year increase of 24.56% - The net profit attributable to shareholders was 51.83 million yuan, up 41.52% year-on-year - The net profit excluding non-recurring items was 50.06 million yuan, reflecting a 33.01% increase year-on-year [2]. Profitability - The gross profit margin stood at 33.01%, a slight decrease of 0.37 percentage points compared to the same period last year - The net profit margin improved to 8.69%, showing an increase of 11.7% year-on-year, indicating effective cost control and operational efficiency [3]. Cost Control - Total selling, administrative, and financial expenses amounted to 114 million yuan, with a combined expense ratio of 19.07%, down 2.08 percentage points year-on-year, reflecting efforts to optimize the expense structure [4]. Assets and Liabilities - As of the end of the reporting period, cash and cash equivalents were 342 million yuan, an increase of 17.46% year-on-year - Accounts receivable reached 442 million yuan, up 16.19% year-on-year, with accounts receivable accounting for 218.79% of the latest annual net profit, indicating potential cash flow pressure [5]. Cash Flow Situation - The operating cash flow per share was 0.14 yuan, a decrease of 11.45% year-on-year - The ratio of cash and cash equivalents to current liabilities was 88.87%, below 100%, suggesting a need for attention to cash flow management to ensure liquidity for short-term obligations [6]. Dividends and Financing - Since its listing, Xunxing Co., Ltd. has raised a total of 604 million yuan and distributed dividends totaling 322 million yuan, resulting in a dividend-to-financing ratio of 0.53, indicating a proactive approach to shareholder returns [7]. Business Model - The company's performance is primarily driven by marketing efforts, necessitating further investigation into the sustainability of this driving force [8].

值得注意的是，公司的应收账款大幅上升至1.07亿元，同比增幅达33.13%，应收账款与利润的比例高达 128.43%，这可能对公司未来的现金流产生不利影响。尽管每股经营性现金流从-0.78元改善至-0.07元， 同比增长91.51%，但仍为负值，显示公司经营活动产生的现金流量仍处于紧张状态。 资产负债情况 近期千味央厨（001215）发布2025年一季报，证券之星财报模型分析如下： 营收与利润 千味央厨在2025年第一季度实现营业总收入4.7亿元，较去年同期的4.63亿元增长了1.5%。然而，归母 净利润仅为2144.45万元，同比下降37.98%；扣非净利润为2097.64万元，同比下降37.71%。这表明公司 在营业收入略有增长的情况下，盈利能力显著下降。 成本与费用 公司的毛利率为24.42%，相比去年同期减少了4.05个百分点，显示出成本控制面临一定挑战。同时，净 利率也从去年同期的4.44%降至4.53%，但同比减少了39.08%。此外，销售费用、管理费用和财务费用 总计达到7888.07万元，占营收比例为16.77%，同比增长18.91%，表明公司在费用控制方面也存在压 力。 应收账款与现金流 公 ...

Core Viewpoint - Debon Technology (688035) demonstrated significant performance growth in Q1 2025, with notable increases in revenue and profit metrics [2][6]. Financial Overview - The total operating revenue reached 316 million yuan, a year-on-year increase of 55.71% - The net profit attributable to shareholders was 27.14 million yuan, up 96.91% year-on-year - The net profit after deducting non-recurring items was 26.64 million yuan, reflecting a 138.42% increase year-on-year [2]. Profitability Analysis - The gross profit margin was 26.94%, an increase of 8.51 percentage points compared to the same period last year - The net profit margin rose to 8.69%, a year-on-year growth of 31.76% - Earnings per share were 0.19 yuan, representing a 90.0% increase year-on-year, indicating significant shareholder returns [3]. Expense Control and Capital Structure - Total sales, management, and financial expenses amounted to 36.32 million yuan, with a three-expense ratio of 11.48%, down 19.6% year-on-year - Interest-bearing debt decreased from 198 million yuan to 90.84 million yuan, a reduction of 54.13%, indicating improved debt levels [4]. Cash Flow and Accounts Receivable - Operating cash flow per share was -0.06 yuan, a decline of 110.52% year-on-year, indicating increased cash outflow from operations - Accounts receivable reached 211 million yuan, a year-on-year increase of 73.36%, with accounts receivable to profit ratio at 216.86%, suggesting a need for better management of receivables [5]. Business Model and Capital Operations - The company's performance is primarily driven by capital expenditures and equity financing, with a total financing amount of 1.64 billion yuan and total dividends of 78.23 million yuan, resulting in a dividend financing ratio of 0.05 - Investors should monitor the reasonableness of capital expenditure projects and associated financial pressures to ensure that capital spending does not overly burden the company's financial status [6].

近期新炬网络（605398）发布2025年一季报，证券之星财报模型分析如下： 经营业绩 新炬网络在2025年一季度的财务报告显示，公司营业总收入为1.21亿元，同比下降9.44%；归母净利润 为546.12万元，同比下降41.32%；扣非净利润为241.77万元，同比下降71.82%。这些数据显示公司在报 告期内的盈利能力出现了明显的下滑。 每股经营性现金流为0.12元，同比增长122.41%，显示出公司在经营活动中的现金流有所改善。然而， 货币资金为6.04亿元，同比下降18.61%，表明公司持有的现金资产有所减少。 应收账款与偿债能力 公司应收账款为8645.4万元，同比增长10.92%，且当期应收账款占最新年报归母净利润比高达 404.22%，这一比例较高，需关注应收账款的回收情况。有息负债为577.22万元，同比下降70.02%，显 示出公司在降低负债方面的努力。 商业模式与资本回报 盈利能力 从盈利能力来看，公司的毛利率为38.72%，同比减少0.06%；净利率为4.37%，同比减少37.44%。每股 收益为0.03元，同比减少50.0%。这表明公司在主营业务上的盈利水平有所下降。 成本与费用 公司 ...

近期圣晖集成（603163）发布2025年一季报，证券之星财报模型分析如下： 经营业绩 圣晖集成在2025年一季度实现了显著的业绩增长。根据财报数据，公司营业总收入达到5.75亿元，同比 上升62.74%；归母净利润为2895.13万元，同比上升62.59%；扣非净利润为2846.59万元，同比上升 61.23%。这些数据显示公司在报告期内保持了强劲的增长势头。 盈利能力 尽管收入大幅增长，公司的毛利率为9.76%，同比下降了17.18%，这表明公司在成本控制方面可能面临 一定压力。然而，净利率达到了5.35%，同比增长6.62%，显示出公司在盈利能力上的提升。每股收益 为0.29元，同比增长61.11%，进一步验证了公司盈利能力的增强。 成本与费用 公司在成本和费用控制方面表现出色。销售费用、管理费用、财务费用总计为1001.55万元，三费占营 收比仅为1.74%，同比减少了61.85%。这表明公司在运营效率上有显著改善。 现金流与资产负债 值得注意的是，每股经营性现金流为-0.71元，同比减少了94.5%，这可能反映出公司在经营活动中的现 金流压力。此外，公司应收账款为3.3亿元，占最新年报归母净利润的比 ...

近期东方材料（603110）发布2025年一季报，证券之星财报模型分析如下： 财务概况 东方材料在2025年一季度实现营业总收入8183.18万元，较去年同期下降7.5%。尽管主营收入有所减 少，公司的归母净利润却达到了295.03万元，同比增长了13.27%。然而，扣除非经常性损益后的净利润 为192.49万元，同比减少了21.89%。 盈利能力分析 本报告期内，东方材料的盈利能力有所提升，毛利率达到28.88%，同比增加了4.51个百分点；净利率为 3.61%，同比增幅达22.46%。这表明公司在控制成本和提高效率方面取得了一定成效。 成本与费用 销售费用、管理费用、财务费用总计为1715.71万元，占营业收入的比例为20.97%，相比去年同期增长 了14.76%。这可能反映了公司在扩大市场推广或内部管理上的投入增加。 资产负债情况 截至一季度末，公司的货币资金保持稳定，为1.77亿元，与去年同期基本持平。应收账款则有所增长至 1.37亿元，增幅为5.16%，需要注意的是，应收账款与利润的比例高达977.98%，提示可能存在较大的坏 账风险。 每股指标 每股净资产为3.51元，同比增长2.07%；每股经营 ...

近期铭科精技（001319）发布2025年一季报，证券之星财报模型分析如下： 营收与利润 根据铭科精技发布的2025年一季报，公司在报告期内实现营业总收入2.38亿元，同比上升15.03%；归母 净利润2465.15万元，同比上升20.78%；扣非净利润2364.32万元，同比上升29.88%。这表明公司在营业 收入和盈利能力方面均保持了较好的增长态势。 利润率与费用控制 公司的毛利率为27.09%，同比下降6.5%；净利率为10.27%，同比增加2.23%。尽管毛利率有所下降，但 净利率仍实现了增长。此外，公司的销售费用、管理费用、财务费用总计2066.23万元，三费占营收比 为8.69%，同比下降20.48%，显示出公司在费用控制方面取得了一定成效。 资产与现金流 值得注意的是，公司的货币资金从3.39亿元减少至2.06亿元，同比减少了39.12%。同时，每股经营性现 金流为0.03元，同比减少了38.60%。这可能反映出公司在经营活动中的现金流量有所减少，需进一步关 注其现金流状况。 应收账款与负债 本报告期，公司应收账款为3.1亿元，占最新年报归母净利润的比例高达276.06%，同比增加了14.32% ...