北京时间8月2日晚间，美国知名投资人沃伦·巴菲特旗下公司伯克希尔·哈撒韦（下称"伯克希尔"）公布了二 季报。报告显示，公司二季度净利润123.7亿美元，同比大幅下降59.24%，上年同期为303.48亿美元。2025 年上半年，伯克希尔共计实现净利润169.73亿美元，上年同期为430.5亿美元。 伯克希尔二季度净利润同比大跌59%，很大程度上受到其投资收益剧烈变动拖累。二季度，伯克希尔对卡夫 亨氏的投资确认了约50亿美元的税前减值损失。伯克希尔表示，公允价值的持续下跌以及当前经济和其他 不确定性因素，导致公司认定这一未实现损失为非临时性。 二季度净利润同比大跌59% 最新发布的二季报显示，伯克希尔2025年第二季度实现营收925.15亿美元，同比下降1.22%，上年同期为 936.53亿美元；公司二季度净利润达123.7亿美元，同比大幅下降59.24%，上年同期为303.48亿美元。2025年 上半年，伯克希尔共计实现净利润169.73亿美元，上年同期为430.5亿美元。 具体来看，伯克希尔哈撒韦二季度营业利润为111.6亿美元，同比下降3.8%，去年同期为115.98亿美元；上 半年伯克希尔的营业利润累计 ...

Financial Data and Key Metrics Changes - For the quarter ended March 31, net investment income was approximately $6.1 million or $0.09 per share, compared to approximately $6.0 million or $0.09 per share for the prior quarter [5] - Net asset value per share decreased to $2.09 from $2.30 in the prior quarter [5] - Total investment income for the first quarter was approximately $10.2 million, roughly the same as in the prior quarter [6] - Combined net unrealized and realized losses on investments were approximately $14.2 million or $0.20 per share, compared to losses of approximately $2.7 million or $0.04 per share in the prior quarter [6] Business Line Data and Key Metrics Changes - Investment activity included purchases of approximately $16 million, sales of approximately $10.7 million, and repayments of approximately $8.7 million during the quarter [6] Market Data and Key Metrics Changes - U.S. loan market performance weakened, with U.S. loan prices decreasing from 97.33% of par to 96.31% of par [8] - The twelve-month trailing default rate for loans decreased to 0.82% from 0.91% at the end of the previous quarter, but the overall default rate, including liability management exercises, remained elevated at 4.31% [9] - The distress ratio, defined as the percentage of loans with prices below 80% of par, ended the quarter at 3.21%, up from 3.02% at the end of 2024 [9] - U.S. leveraged loan primary market issuance was $141.1 billion, representing a 2% decrease compared to the same quarter in the previous year [10] - Loan fund inflows were approximately $1.94 billion for the quarter [11] Company Strategy and Development Direction - The company focuses on portfolio management strategies designed to maximize long-term total return and has historically taken a longer-term view towards its investment strategy [11] Management's Comments on Operating Environment and Future Outlook - Management noted the weakened performance in the U.S. loan market and highlighted the importance of monitoring default rates and market conditions [8][9] Other Important Information - The company distributed $0.05 per share to common stock shareholders during the quarter [6] - A total of approximately 1.3 million shares were issued in an aftermarket offering, resulting in net proceeds of approximately $3.5 million [6] - Monthly distributions of $0.35 per share were declared for July, August, and September 2025 [6] Q&A Session Summary Question: Are there any questions from participants? - There were no questions from participants during the Q&A session [14]