近期共创草坪（605099）发布2025年一季报，证券之星财报模型分析如下： 经营业绩 共创草坪在2025年一季度实现了较为稳健的增长。根据财报数据，公司营业总收入达到7.93亿元，同比 上升15.27%；归母净利润为1.56亿元，同比上升28.73%；扣非净利润为1.55亿元，同比上升31.98%。这 表明公司在报告期内不仅保持了收入的增长，而且盈利能力也得到了显著提升。 盈利能力 公司的盈利能力在本报告期内表现出色。毛利率为32.55%，同比增加了8.22个百分点；净利率为 19.67%，同比增加了11.68个百分点。这些数据显示出公司在控制成本和提高产品附加值方面取得了积 极成效。 公司货币资金为11.26亿元，同比增加14.53%，显示出良好的现金流状况。然而，需要注意的是，公司 有息负债从1.05亿元增加到3.36亿元，增幅达220.64%，这可能对公司未来的财务压力产生一定影响。 应收账款 财报体检工具提示应关注公司应收账款状况，当前应收账款为6.91亿元，占利润的比例高达135.22%， 需警惕潜在的坏账风险。 分红与融资 自上市以来，公司累计融资总额为6.19亿元，累计分红总额为8.32亿元， ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [8] Core Views - The company's overseas profitability continues to improve, with the geographic information segment becoming a new growth engine [4] - In 2024, the company achieved a revenue of 3.251 billion yuan, a year-on-year increase of 21.38%, and a net profit attributable to shareholders of 583 million yuan, a year-on-year increase of 29.89%, exceeding the 2023 target of 560 million yuan [4][5] - The company aims for a net profit target of 730 million yuan in 2025, representing a year-on-year growth of approximately 25% [4] Revenue Structure - In 2024, the revenue breakdown was as follows: - Resources and Public Utilities: 1.425 billion yuan (43.84%, +26.41%) - Construction and Infrastructure: 1.053 billion yuan (32.38%, +8.97%) - Geographic Information: 589 million yuan (18.10%, +38.44%) - Robotics and Autonomous Driving: 185 million yuan (5.68%, +15.53%) - The resources and public utilities segment is the main growth driver, while construction and infrastructure serve as the stable business [5] Profitability - The company's overall gross margin in 2024 was 58.13%, with the following margins by segment: - Construction and Infrastructure: 68.41% - Resources and Public Utilities: 54.71% - Geographic Information: 53.10% - Robotics and Autonomous Driving: 41.95% - The net profit margin reached 17.94% in 2024, marking six consecutive years of growth [6] Domestic and Overseas Business Performance - Domestic revenue in 2024 was 2.313 billion yuan, a year-on-year increase of 18.07%, outperforming the industry average [7] - Overseas revenue reached 938 million yuan, a year-on-year increase of 30.39%, with significant growth potential in international markets [7] Financial Forecast - The company’s projected net profits for 2025-2027 are as follows: - 2025: 756 million yuan - 2026: 1 billion yuan - 2027: 1.307 billion yuan - Corresponding EPS for these years are estimated at 1.38, 1.82, and 2.38 yuan respectively [9]

Operating Performance Overview - In Q1 2025, the company achieved total revenue of 271 million yuan, an increase of 11.59% year-on-year [2] - Despite revenue growth, the net profit attributable to shareholders was negative at -45.406 million yuan, although this represents a year-on-year improvement of 47.79% [2] - The non-recurring net profit was also negative at -49.638 million yuan, with a year-on-year increase of 39.57%, indicating progress in cost control and profitability [2] Profitability Analysis - The company's gross margin was 30.12%, a decrease of 7.74 percentage points compared to the same period last year [3] - The net profit margin stood at -19.45%, showing a year-on-year increase of 49.2%, but still reflecting a loss [3] - Earnings per share were -0.06 yuan, an improvement of 45.45% year-on-year, indicating a reduction in losses [3] Cost Control - The total of selling, administrative, and financial expenses amounted to 73.3732 million yuan, accounting for 27.07% of revenue, which is a decrease of 30.45% year-on-year [4] - This demonstrates significant achievements in optimizing internal management and reducing operational costs [4] Asset and Liability Situation - As of the end of Q1 2025, the company's cash and cash equivalents were 1.619 billion yuan, a decrease of 14.70% year-on-year [5] - Accounts receivable stood at 755 million yuan, down 15.62% year-on-year [5] - Interest-bearing liabilities were 12.2009 million yuan, a substantial decrease of 37.37% year-on-year, indicating improvements in fund management and debt control [5] Cash Flow Status - The operating cash flow per share was -0.28 yuan, an increase of 12.90% year-on-year, but still negative [6] - The average operating cash flow over the past three years is only 9% of current liabilities, suggesting that investors should closely monitor the company's cash flow situation [6] Business Model and Future Development - The company's performance primarily relies on research and marketing efforts [7] - Since its listing, the company has raised a total of 3.42 billion yuan and distributed dividends of 417 million yuan, resulting in a dividend-to-financing ratio of 0.12 [7] - Moving forward, the company needs to enhance the added value of its products or services and strengthen cash flow management for sustainable development [7]

Core Viewpoint - The London Stock Exchange Group (LSEG) demonstrated strong performance in 2024, with significant revenue growth, product innovation, and improved profit margins, leading to a free cash flow of £2.2 billion for shareholders and a positive outlook for 2025 [1][2]. Financial Performance - Total revenue (excluding recoveries) for 2024 reached £8,494 million, a 6.1% increase from £8,009 million in 2023 [2]. - Total revenue (including recoveries) was £8,858 million, up 5.7% from £8,379 million in the previous year [2]. - Adjusted EBITDA grew by 12.3% to £3,945 million, while operating profit increased by 6.7% to £1,463 million [3]. - Basic earnings per share (EPS) decreased by 7.3% to 128.8 pence, but the dividend per share rose by 13.0% to 130.0 pence [3][6]. Business Segments Growth - Data and Analytics business grew by 4.5%, FTSE Russell by 10.9%, Risk Intelligence by 11.3%, Capital Markets by 17.8%, and Post Trade services by 2.4% [5]. - Organic Annual Subscription Value (ASV) increased by 6.3% as of December 2024 [5]. Strategic Developments - The company made significant improvements to the Workspace platform, enhancing data availability and launching new post-trade solutions and risk intelligence services [8]. - A partnership with Microsoft has led to the launch of initial products, with more expected in 2025 [9]. - The acquisition of a 11.6% stake in LCH Group increased ownership to 94.2%, while a 4.92% stake in Euroclear was sold [9]. Shareholder Returns - The company returned £1 billion to shareholders through buybacks in 2024, with an additional £500 million planned before July 2025 [9]. - The final dividend per share is set to increase by 12.2% to 89.0 pence, pending shareholder approval [9]. 2025 Guidance - Projected organic revenue growth (excluding recoveries) is expected to be between 6.5% and 7.5% [10]. - EBITDA margin is anticipated to grow by 50-100 basis points, with a capital expenditure intensity of around 10% [10]. - Free cash flow is expected to be at least £2.4 billion [10].

Flexsteel Industries (FLXS) Q2 2025 Earnings Call February 04, 2025 09:00 AM ET Company Participants Michael Ressler - CFODerek Schmidt - President & CEO Conference Call Participants Anthony Lebiedzinski - Senior Equity Research Analyst Operator Good morning, and welcome to the Flexsteel Industries Second Quarter Fiscal 2025 Earnings Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like to turn the conference over to Mike Ressler, Chief F ...