营业费用占营收比重降至38.7%，同比减少6.4个百分点，运营效率持续改善。自2021年9月启动回购计 划至今年8月底，公司已从二级市场回购约5570万股美国存托凭证。 董事会批准实施新一轮现金分红，保险业务方面，首年规模保费达32.04亿元，同比大幅增长80.2%，成 为推动整体业绩增长的主要驱动力。人工智能技术在各业务板块的深度应用，正在重塑公司的运营模式 和服务能力。 保险业务驱动收入增长，营收同比增长28.7% 水滴公司保险相关业务在二季度表现突出，实现收入7.39亿元，较上年同期增长28.7%，经营利润达到 1.71亿元，同比提升39%。这一增长主要得益于人工智能技术在业务流程中的广泛应用，推动运营效率 显著提升。 【文/羽扇观金工作室】 9月4日，水滴公司发布2025年第二季度未经审计财务业绩。财报数据显示，公司二季度实现净营业收入 8.38亿元，较去年同期上涨23.9%；归属母公司净利润为1.4亿元，同比提升58.7%，延续连续14个季度 盈利态势。 在风控方面，水滴筹将AI大模型应用在案例真实性审核和资金安全监管方面。依托AI大模型语义解析 与策略研判能力，水滴的AI风控模型已经覆盖15个筹款 ...

Core Viewpoint - The company reported a year-on-year decline in revenue and net profit for the first half of 2025, but maintains a strong cash collection ratio and a "buy" rating due to long-term growth prospects [1][2]. Financial Performance - In the first half of 2025, the company achieved total operating revenue of 315.32 billion, a decrease of 1.16% year-on-year, and a net profit attributable to shareholders of 0.841 billion, down 29.87% year-on-year [2]. - The company’s gross margin and net margin were 4.21% and 0.18%, reflecting declines of 0.57 percentage points and 0.34 percentage points year-on-year, respectively [2]. - The company’s asset-liability ratio stood at 74.32%, with a current ratio of 1.35 and a quick ratio of 0.63 [2]. Business Segments - The real estate segment reported a contract sales amount of 82.94 billion, representing a year-on-year increase of 11.67%, with a collection ratio of 95% [3]. - Subsidiary Jianfa Real Estate achieved contract sales of 70.83 billion, up 7.31% year-on-year, while subsidiary Lianfa Group saw contract sales of 13.41 billion, a significant increase of 29.19% year-on-year [3].

与此同时，紫江企业新客户拓展及维护工作也在同步进行。今年上半年，在纸包装领域，公司与多家西 式快餐、新茶饮等行业的合作取得显著进展，销售收入稳步增长，在医疗、交通等板块也实现快速增 长。 与此同时，新市场的拓展也成为公司业绩增长的助力之一。上半年，紫江企业子公司上海紫江新材料科 技股份有限公司在巩固铝塑膜中低端数码市场份额优势的同时，通过聚焦差异化产品策略，重点提升在 高端消费电子和新能源汽车动力电池领域的市场份额，实现销售收入和利润的同步增长。 业内人士认为，各业务板块之间相互协同、相互促进，共同推动了紫江企业整体业绩的提升，彰显了紫 江企业在多元产业布局下的综合竞争优势，也为公司的长效发展注入了澎湃动能。 本报讯(记者张文湘)8月27日晚，上海紫江企业（600210）集团股份有限公司(以下简称"紫江企业")发布 2025年半年度报告。今年上半年，紫江企业营业总收入达52.48亿元，同比增长12.43%；归属于上市公 司股东的净利润也以33.39%的同比增幅达到了4.73亿元；经营活动产生的现金流量净额为3.75亿元，比 去年同期增长108.42%，资金回笼效率提升。 资料显示，紫江企业深耕包装行业近四十年 ...

Core Insights - The company reported strong financial performance for the first half of 2025, with total revenue reaching 5.248 billion yuan, a year-on-year increase of 12.43%, and net profit attributable to shareholders rising by 33.39% to 473 million yuan [1] - The company has established a diversified industrial layout centered around its packaging business, supplemented by fast-moving consumer goods trading, import-export trade, real estate, and venture capital [1] Financial Performance - The net cash flow from operating activities was 375 million yuan, reflecting a significant increase of 108.42% compared to the same period last year [1] - The company has consistently paid cash dividends, totaling 5.508 billion yuan over 26 years [3] Business Operations - The core packaging business remains robust, with steady revenue growth in beverage packaging and flexible packaging, demonstrating strong resilience and sustainable development potential amid macroeconomic fluctuations [2] - Strategic collaborations with major clients have been strengthened, leading to the successful commissioning of multiple production lines and capacity expansions [2] Product Development - The company has developed new products, including a 10g ultra-light breathable bottom film and conductive diaper bottom film, entering the smart pants market [1] - The company has achieved significant progress in the paper packaging sector, with notable collaborations in the fast-food and new tea beverage industries [2] Market Expansion - The subsidiary, Zijiang New Materials, has focused on differentiated product strategies to enhance market share in high-end consumer electronics and new energy vehicle battery sectors, achieving synchronized growth in sales and profits [3] - The company has also seen positive contributions from auxiliary businesses, such as real estate, with successful delivery of villas providing ongoing cash flow support [3]