据证券之星公开数据整理，近期帝奥微（688381）发布2025年中报。根据财报显示，帝奥微增收不增 利。截至本报告期末，公司营业总收入3.06亿元，同比上升15.11%，归母净利润-420.92万元，同比下降 115.73%。按单季度数据看，第二季度营业总收入1.53亿元，同比上升11.43%，第二季度归母净利 润-1660.46万元，同比下降255.09%。 本次财报公布的各项数据指标表现一般。其中，毛利率45.49%，同比减0.72%，净利率-1.38%，同比减 113.66%，销售费用、管理费用、财务费用总计5893.17万元，三费占营收比19.25%，同比增9.16%，每 股净资产10.56元，同比减7.9%，每股经营性现金流-0.07元，同比增41.37%，每股收益-0.02元，同比减 116.01% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 2.66 Z | 3.06亿 | - 15.11% | | 归母净利润(元) | 2676.58万 | -420.92万 | -115.73% | | 扣非 ...

Core Insights - The company ShuoBeide (300322) reported significant growth in both revenue and net profit for the first half of 2025, with total revenue reaching 1.208 billion yuan, a year-on-year increase of 48.5%, and net profit attributable to shareholders amounting to 33.53 million yuan, up 981.11% compared to the previous year [1][3]. Financial Performance - Total revenue for Q2 2025 was 691 million yuan, reflecting a 54.04% year-on-year increase [1]. - The net profit for Q2 2025 was 19.01 million yuan, which is a 67.42% increase year-on-year [1]. - Gross margin decreased to 23.73%, down 6.25% year-on-year, while net margin increased significantly to 3.48%, up 30,418.42% year-on-year [1]. - Total expenses (sales, management, and financial) amounted to 149 million yuan, accounting for 12.34% of revenue, a decrease of 17.53% year-on-year [1]. Key Financial Metrics - Earnings per share (EPS) rose to 0.07 yuan, a 600% increase year-on-year [1]. - Operating cash flow per share was -0.03 yuan, a decrease of 146.87% year-on-year [1]. - The company’s cash and cash equivalents increased by 122.21% due to higher financing activities [3]. Operational Insights - The increase in revenue is attributed to the company's focus on its core business and enhanced collaboration with clients, particularly in antenna, harness, connector, heat dissipation module, and smart sensor module sectors [3]. - The increase in operating costs by 51.64% is linked to the rise in revenue [3]. - The company experienced a significant increase in financing activities, with net cash flow from financing activities rising by 188% [3]. Historical Context - The company has shown a weak historical return on invested capital (ROIC), with a median of 3.14% over the past decade, and a particularly poor performance in 2015 with a ROIC of -12.6% [4]. - The company has reported losses in four out of its twelve annual reports since going public, indicating a generally weak financial history [4].

财报体检工具显示：建议关注公司现金流状况(货币资金/流动负债仅为65.86%、近3年经营性现金流均 值/流动负债仅为1.89%)建议关注公司应收账款状况(应收账款/利润已达106.97%) 据证券之星公开数据整理，近期明泰铝业(601677)发布2025年中报。截至本报告期末，公司营业总收入 169.99亿元，同比上升11.0%，归母净利润9.4亿元，同比下降12.11%。按单季度数据看，第二季度营业 总收入88.75亿元，同比上升9.18%，第二季度归母净利润5.01亿元，同比下降29.28%。本报告期明泰铝 业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106.97%。 本次财报公布的各项数据指标表现一般。其中，毛利率6.12%，同比减50.65%，净利率5.54%，同比减 20.76%，销售费用、管理费用、财务费用总计1.08亿元，三费占营收比0.64%，同比增2.69%，每股净资 产14.66元，同比增8.15%，每股经营性现金流0.88元，同比增80.56%，每股收益0.75元，同比减15.73% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | -- ...

据证券之星公开数据整理，近期标准股份(600302)发布2025年中报。截至本报告期末，公司营业总收入 1.85亿元，同比下降21.37%，归母净利润-852.16万元，同比上升68.82%。按单季度数据看，第二季度营 业总收入8697.58万元，同比下降25.34%，第二季度归母净利润-387.82万元，同比上升62.22%。本报告 期标准股份盈利能力上升，毛利率同比增幅9.69%，净利率同比增幅48.18%。 本次财报公布的各项数据指标表现一般。其中，毛利率19.13%，同比增9.69%，净利率-6.74%，同比增 48.18%，销售费用、管理费用、财务费用总计3795.41万元，三费占营收比20.53%，同比减23.79%，每 股净资产1.82元，同比减18.82%，每股经营性现金流-0.13元，同比减135.02%，每股收益-0.02元，同比 增68.86% 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109.74%,原因:本期收回到 期理财导致交易性金融资产及货币资金此消彼长。交易性金融资产变动幅度为-70.08%,原因:本期收回到 期理财导致交易性金融资产及货币资金此消彼长。 ...

据证券之星公开数据整理，近期万泽股份(000534)发布2025年中报。截至本报告期末，公司营业总收入 6.25亿元，同比上升24.4%，归母净利润1.19亿元，同比上升21.84%。按单季度数据看，第二季度营业 总收入2.9亿元，同比上升36.81%，第二季度归母净利润4671.72万元，同比上升44.94%。本报告期万泽 股份应收账款上升，应收账款同比增幅达32.7%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率73.07%，同比减4.93%，净利率17.15%，同比减 10.08%，销售费用、管理费用、财务费用总计2.42亿元，三费占营收比38.65%，同比减11.11%，每股净 资产2.97元，同比增31.9%，每股经营性现金流0.01元，同比增122.38%，每股收益0.24元，同比增 21.37% 财报体检工具显示：建议关注公司现金流状况(货币资金/流动负债仅为27.75%、近3年经营性现金流均 值/流动负债仅为19.42%)建议关注公司债务状况(有息资产负债率已达41.39%、有息负债总额/近3年经营 性现金流均值已达12.69%)建议关注公司应收账款状况(应收账款/利润已达259.76% ...

本次财报公布的各项数据指标表现一般。其中，毛利率40.14%，同比减3.01%，净利率17.46%，同比减 13.13%，销售费用、管理费用、财务费用总计3851.63万元，三费占营收比11.41%，同比增87.96%，每 股净资产17.61元，同比增2.36%，每股经营性现金流0.34元，同比减20.81%，每股收益0.5元，同比增 16.28% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 2.41亿 | 3.38(Z | 40.19% 1 | | 归母浄利润（元） | 4714.32万 | 5493.22万 | 16.52% | | 扣非净利润(元) | 4688.64万 | 5389.95万 | 14.96% | | 货币资金(元) | 10.97亿 | 8.49亿 | -22.59% | | 应收账款(元) | 1.4亿 | 1.81亿 | 29.28% | | 有息负债(元) | 1223.97万 | 1751.43万 | 43.09% | | 毛利率 | 41.38% | 40.14% | -3. ...

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36.88%,原因:随着公司业务 规模增长，融资资金增加。预付款项变动幅度为181.59%,原因:预付钢材款、算力业务预付设备款增 加。其他应收款变动幅度为-42.06%,原因:收到退回的预付款。存货变动幅度为44.02%,原因:库存商品增 加。合同资产变动幅度为46.13%,原因:应收质保金增加。长期股权投资变动幅度为-100.0%,原因:公司参 与投资的嘉兴国核智明股权投资合伙企业(有限合伙)清算注销。短期借款变动幅度为29.76%,原因:借款 规模增加。应付票据变动幅度为99.25%,原因:本期开具的银行承兑汇票增加。预收款项变动幅度为 220.26%,原因:上海润六尺收到的客户预付设备款增加。合同负债变动幅度为83.53%,原因:预收销售货款 增加。应交税金变动幅度为100.66%,原因:缴纳的增值税、所得税增加。其他应付款变动幅度为76.69%, 原因:预提费用、押金保证金增加。一年内到期的长期负债变动幅度为654.88%,原因:上海润六尺融资增 加。其他流动负债变动幅度为49.65%,原因:已背书未终止确认应收票据、待转销项税额增加 ...

本次财报公布的各项数据指标表现尚佳。其中，毛利率12.54%，同比减18.47%，净利率-0.23%，同比 增86.26%，销售费用、管理费用、财务费用总计1.06亿元，三费占营收比7.62%，同比减31.5%，每股净 资产4.86元，同比减14.16%，每股经营性现金流0.36元，同比增151.56%，每股收益-0.02元，同比增 77.78% 据证券之星公开数据整理，近期元隆雅图(002878)发布2025年中报。根据财报显示，元隆雅图营收上升 亏损收窄。截至本报告期末，公司营业总收入13.91亿元，同比上升15.37%，归母净利润-460.72万元， 同比上升80.11%。按单季度数据看，第二季度营业总收入7.35亿元，同比上升11.59%，第二季度归母净 利润-914.1万元，同比上升29.47%。 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-6.61%，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17.43%，投资回报也很 好，其中最惨年份2024年的ROIC为-8.66%，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 ...

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-51.7%，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-2.86%，中位投资回报极 差，其中最惨年份2024年的ROIC为-25.89%，投资回报极差。公司历史上的财报非常一般，公司上市来 已有年报14份，亏损年份6次，如无借壳上市等因素，价投一般不看这类公司。商业模式：公司业绩主 要依靠研发驱动。需要仔细研究这类驱动力背后的实际情况。 据证券之星公开数据整理，近期棕榈股份(002431)发布2025年中报。截至本报告期末，公司营业总收入 16.25亿元，同比上升2.77%，归母净利润-2.73亿元，同比上升24.73%。按单季度数据看，第二季度营业 总收入8.77亿元，同比上升36.83%，第二季度归母净利润-1.12亿元，同比上升57.15%。本报告期棕榈股 份短期债务压力上升，流动比率达0.75。 本次财报公布的各项数据指标表现尚佳。其中，毛利率9.6%，同比增46.75%，净利率-16.97%，同比增 26.41%，销售费用、管理费用、财务费用总计2.61亿元，三费占营收比16.08%， ...

Core Viewpoint - Shenyang Chemical's financial performance shows significant improvement in 2025, with notable increases in revenue and net profit compared to the previous year [1] Financial Performance Summary - Total revenue for 2025 reached 2.569 billion yuan, an increase of 8.09% year-on-year [1] - Net profit attributable to shareholders was 62.42 million yuan, up 121.93% year-on-year [1] - In Q2 2025, total revenue was 1.426 billion yuan, reflecting a 20.42% increase year-on-year [1] - Q2 net profit attributable to shareholders was 30.07 million yuan, a rise of 111.24% year-on-year [1] - Gross margin improved to 8.04%, up 11.81% year-on-year, while net margin reached 2.43%, a significant increase of 120.3% [1] Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 86.27 million yuan, representing only 3.36% of revenue, a decrease of 55.56% year-on-year [1] - The company reported a significant increase in operating cash flow per share, which reached 0.32 yuan, up 6365.7% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased to 916 million yuan, an 18.48% rise year-on-year [1] - Accounts receivable rose to 192 million yuan, a 24.95% increase year-on-year [1] - Interest-bearing liabilities increased to 1.647 billion yuan, a rise of 26.85% year-on-year [1] Operational Changes - The decrease in construction in progress by 14.6% was attributed to the subsidiary Dongda Quanzhou commencing production [3] - Long-term borrowings increased by 111.1% due to the subsidiary's need for project payments [3] - The net cash flow from operating activities surged by 6365.7%, primarily due to the exit of the subsidiary Shenyang Wax Chemical from the consolidation scope [3] Historical Performance Context - The company's historical financial performance has been mixed, with a median ROIC of 2.97% over the past decade and a particularly poor ROIC of -29.38% in 2022 [4] - The company has reported losses in 6 out of 27 annual reports since its listing, indicating a generally weak investment profile [4]