Core Viewpoint - Yongchuang Intelligent (603901) reported a year-on-year increase in total revenue and net profit for Q1 2025, but showed a decline in gross and net profit margins, indicating mixed financial performance [1]. Financial Performance - Total revenue for Q1 2025 reached 889 million yuan, a 7.07% increase compared to 830 million yuan in Q1 2024 [1]. - Net profit attributable to shareholders was 40.68 million yuan, up 5.75% from 38.47 million yuan in the same period last year [1]. - Gross margin decreased to 25.67%, down 11.16% year-on-year from 28.90% [1]. - Net margin also fell to 4.57%, a decrease of 4.02% from 4.76% [1]. - Operating cash flow per share improved significantly to 0.16 yuan, a 138.15% increase from -0.41 yuan [1]. Accounts Receivable and Debt - The company's accounts receivable were notably high, with accounts receivable to net profit ratio reaching 4155.6% [1]. - Interest-bearing liabilities slightly decreased to 18.69 billion yuan, down 0.87% from 18.85 billion yuan [1]. - The company's debt situation is concerning, with an interest-bearing asset liability ratio of 22.79% [5]. Cost Structure - Total expenses (selling, administrative, and financial) amounted to 114 million yuan, accounting for 12.79% of revenue, a decrease of 11.03% year-on-year [1]. - The company’s return on invested capital (ROIC) was low at 1.37%, indicating weak capital returns [5]. Cash Flow and Dividends - The company has accumulated a total financing of 711 million yuan and total dividends of 346 million yuan since its listing, resulting in a dividend-to-financing ratio of 0.49 [5]. - Cash flow management is critical, with cash and cash equivalents representing only 7.76% of total assets [5].

杭州银行前身是 1996 年由杭州市 33 家城市信用社股东、信用联社股东及杭州市财政局等股东共同 发 起设立的 杭州城市联合银行 ， 1998 年更名为杭州银行， 2016 年 10 月在上交所上市，股票代码为 600926 。 杭州银行主要业务分布在浙江省杭州市以及浙江省其他市县，坚持做精杭州、深耕浙江，同时积极 拓展长三角区域及国内一线城市业务。 2024 年杭州银行的营业收入中有 79.58% 来自浙江省 ，其中 来自杭州的占比 58.36% ；营业利润 中有 79.36% 来自浙江省 ， 来自杭州的有 57.01% 。除对浙江省内各地级市业务全覆盖外，杭州银行还 在 北京、上海、深圳、南京和合肥 5 地设有分行。 此外，杭州银行拥有 杭银理财有限责任公司 （ 2019 年设立） 100% 股权，持有 杭银消费金融股 份有限公司 42.95% 股份，持有 石嘴山银行股份有限公司 18.39% 股份，另在河南济源、登封、兰考、 伊川、渑池和浙江缙云等地持有 村镇银行 的股份。 截至 2024 年末杭州银行集团共有员工人数 14409 人。 一、高速增长依旧，规模超部分股份行 截至 2024 年末，杭州银 ...

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4.87%，资本回报率不强。去年的净 利率为4.23%，算上全部成本后，公司产品或服务的附加值不高。融资分红：公司上市18年以来，累计 融资总额3.70亿元，累计分红总额1.41亿元，分红融资比为0.38。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。 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21.86%、近3年经营性现金流均 值/流动负债仅为17.08%)建议关注公司债务状况(有息资产负债率已达26.08%)建议关注公司应收账款状 况(应收账款/利润已达584.64%) 据证券之星公开数据整理，近期康强电子(002119)发布2025年一季报。截至本报告期末，公司营业总收 入4.39亿元，同比上升2.09%，归母净利润2591.9万元，同比上升37.87%。按单季度数据看，第一季度 营业总收入4.39亿元，同比上升2.09%，第一季度归母净利润2591.9万元，同比上升37.87%。本报告期 康强电子盈利能力上升，毛利率同比增幅16.82%，净利率同比增幅35.04%。 本次财报公布的各项数据 ...

据证券之星公开数据整理，近期鑫宏业(301310)发布2025年一季报。截至本报告期末，公司营业总收入 7.55亿元，同比上升55.35%，归母净利润3443.0万元，同比上升20.43%。按单季度数据看，第一季度营 业总收入7.55亿元，同比上升55.35%，第一季度归母净利润3443.0万元，同比上升20.43%。本报告期鑫 宏业应收账款上升，应收账款同比增幅达69.93%。 本次财报公布的各项数据指标表现一般。其中，毛利率10.41%，同比减10.4%，净利率4.56%，同比减 22.48%，销售费用、管理费用、财务费用总计1403.49万元，三费占营收比1.86%，同比减23.44%，每股 净资产17.03元，同比减27.38%，每股经营性现金流-3.23元，同比减1397.24%，每股收益0.25元，同比 减13.96% | 项目 | 2024年一季报 | 2025年一季报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 4.86亿 | 7.55 Z | 55.35% | | 归母净利润(元) | 2859.04万 | 3443万 | 20.43% | ...

据证券之星公开数据整理，近期华东数控(002248)发布2025年一季报。截至本报告期末，公司营业总收 入8013.37万元，同比下降0.48%，归母净利润796.32万元，同比上升47.45%。按单季度数据看，第一季 度营业总收入8013.37万元，同比下降0.48%，第一季度归母净利润796.32万元，同比上升47.45%。本报 告期华东数控应收账款上升，应收账款同比增幅达38.72%。 本次财报公布的各项数据指标表现一般。其中，毛利率25.35%，同比增20.67%，净利率9.92%，同比增 48.38%，销售费用、管理费用、财务费用总计858.47万元，三费占营收比10.71%，同比减8.4%，每股净 资产0.26元，同比增18.38%，每股经营性现金流0.02元，同比增18.58%，每股收益0.03元，同比增50.0% | 项目 | 2024年一季报 | 2025年一季报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 8051.7万 | 8013.37万 | -0.48% | | 归母浄利润（元） | 540.05万 | 796.32万 | 47.4 ...

Financial Performance - Company reported total revenue of 3.141 billion yuan for Q1 2025, an increase of 4.42% year-on-year [1] - Net profit attributable to shareholders reached 11.3683 million yuan, up 73.46% compared to the same period last year [1] - Gross margin improved to 6.14%, reflecting a year-on-year increase of 52.56%, while net margin rose to 0.18%, a significant increase of 292.04% [1] Cost and Expenses - Total selling, administrative, and financial expenses amounted to 176 million yuan, accounting for 5.6% of revenue, which is a slight increase of 1.76% year-on-year [1] - The company’s operating cash flow per share was -0.15 yuan, showing a year-on-year increase of 4.33% [1] Balance Sheet and Debt - Cash and cash equivalents decreased by 14.02% to 3.267 billion yuan [1] - Accounts receivable increased by 73.99% to 681 million yuan, indicating potential liquidity concerns [1] - Interest-bearing liabilities rose by 10.90% to 8.253 billion yuan, with a debt-to-asset ratio of 40.21% [3] Shareholder Returns - The company has cumulatively raised 4.226 billion yuan since its listing, with total dividends amounting to 699 million yuan, resulting in a dividend-to-financing ratio of 0.17 [3]

Financial Performance - The company reported a total revenue of 125 million yuan for Q1 2025, representing a year-on-year increase of 5.06% [1] - The net profit attributable to shareholders reached 14.71 million yuan, up 30.49% year-on-year [1] - The gross margin improved to 29.76%, an increase of 4.51% compared to the previous year [1] - The net margin rose to 11.86%, reflecting a year-on-year increase of 23.44% [1] - Total expenses (selling, administrative, and financial) amounted to 12.98 million yuan, accounting for 10.35% of revenue, which is a 20.64% increase year-on-year [1] Key Financial Ratios - Earnings per share (EPS) increased to 0.1 yuan, a rise of 25% year-on-year [1] - The company's return on invested capital (ROIC) was reported at 6.4%, indicating average capital returns [3] - The net profit margin for the previous year was 10.81%, suggesting average added value for products or services [3] Cash Flow and Debt Management - The company reported a negative operating cash flow of -0.03 yuan per share, which is an improvement of 82.12% year-on-year [1] - The company has a healthy cash asset position, with total cash assets reported at 243 million yuan, down 4.14% from the previous year [3] - Interest-bearing debt significantly decreased to 4.96 million yuan, a reduction of 82.71% year-on-year [1] Market Strategy and Outlook - The company expressed confidence in the domestic market's potential, emphasizing plans to balance domestic and international sales [3] - The company aims to continue expanding both domestic and international markets, focusing on consumer demand [3]

据证券之星公开数据整理，近期海普瑞(002399)发布2025年一季报。根据财报显示，海普瑞营收净利润 同比双双增长。截至本报告期末，公司营业总收入13.94亿元，同比上升1.53%，归母净利润1.57亿元， 同比上升1.0%。按单季度数据看，第一季度营业总收入13.94亿元，同比上升1.53%，第一季度归母净利 润1.57亿元，同比上升1.0%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率27.34%，同比减20.74%，净利率11.2%，同比减 0.51%，销售费用、管理费用、财务费用总计1.35亿元，三费占营收比9.66%，同比减45.77%，每股净资 产8.37元，同比增1.85%，每股经营性现金流0.37元，同比减38.21%，每股收益0.11元，同比增0.95% | 项目 | 2024年一季报 | 2025年一季报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 13.73亿 | 13.94亿 | 1.53% | | 归母浄利润（元） | 1.55 Z | 1.57亿 | 1.00% | | 扣非净利润(元) | 1.57亿 | 1.89 Z ...

业务评价：公司去年的ROIC为1.51%，资本回报率不强。去年的净利率为7.77%，算上全部成本后，公 司产品或服务的附加值一般。 偿债能力：公司现金资产非常健康。 融资分红：公司上市2年以来，累计融资总额12.17亿元，累计分红总额6882.67万元，分红融资比为 0.06。 据证券之星公开数据整理，近期金凯生科（301509）发布2025年一季报。截至本报告期末，公司营业总 收入1.76亿元，同比上升41.83%，归母净利润4741.78万元，同比上升183.24%。按单季度数据看，第一 季度营业总收入1.76亿元，同比上升41.83%，第一季度归母净利润4741.78万元，同比上升183.24%。本 报告期金凯生科应收账款上升，应收账款同比增幅达77.94%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率51.09%，同比增29.69%，净利率26.89%，同比 增99.7%，销售费用、管理费用、财务费用总计3054.26万元，三费占营收比17.32%，同比减19.29%，每 股净资产18.24元，同比减28.33%，每股经营性现金流0.38元，同比减55.7%，每股收益0.39元，同比增 105. ...

Core Viewpoint - New Aluminum Era (301613) reported strong financial performance for Q1 2025, with significant increases in revenue and net profit compared to the same period last year [1] Financial Performance - Total revenue for Q1 2025 reached 630 million yuan, a year-on-year increase of 69.89% [1] - Net profit attributable to shareholders was 52.648 million yuan, up 20.67% year-on-year [1] - The gross profit margin was 20.9%, down 17.33% year-on-year, while the net profit margin was 8.92%, a decrease of 26.86% [1] - Total expenses (selling, administrative, and financial) amounted to 34.41 million yuan, accounting for 5.46% of revenue, a decrease of 7.83% year-on-year [1] Cash Flow and Debt Situation - The company has a significant amount of accounts receivable, with accounts receivable accounting for 144.48% of the latest annual net profit [1][2] - Cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 23.93% and average operating cash flow over the past three years being -61.46% [2] Shareholder Information - The largest fund holding New Aluminum Era is the Hua Bao S&P China A-Share Dividend Opportunity ETF, with a current scale of 188 million yuan and a recent net value increase of 0.4% [3]