近日，中共山西省委组织部公示信息显示，"武旭，男，汉族，1978年12月生，研究生，中共党员，现任山西信托股份 有限公司党委书记、董事长，拟任省管企业正职"。这表明，山西信托党委书记、董事长武旭的职务将发生调整。 2021年10月，监管核准了武旭担任山西信托董事长的任职资格。武旭自2017年11月起担任山西信托董事，曾任山西信托 合规风控部副总经理，山西信托董事会办公室（党委办公室）主任，山西金控董事会办公室副主任（主持工作），山西 金控综合管理部总经理等职务。值得一提的是，武旭的推举股东为山西金控，山西金控是山西信托大股东。 据悉，目前山西信托总经理为牛宝亮。2024年7月，国家金融监督管理总局山西监管局披露：核准牛宝亮山西信托董事、 总经理任职资格。此前牛宝亮担任山西信托副总经理。 2024年，山西信托实现营业收入2.85亿元，较上年下降4.56%。其中信托业务手续费2.83亿元，较上年增长18.41%；实现 净利润2453.65万元，较上年下降37.32%。截至2024年末，公司资产总额38.53亿元；净资产22.09亿元，较年初增加 32,238.03万元。 年报称，2024年，公司紧紧聚焦"现金流、 ...

据证券之星公开数据整理，近期ST德豪（002005）发布2025年中报。根据财报显示，ST德豪亏损收 窄。截至本报告期末，公司营业总收入3.07亿元，同比下降8.19%，归母净利润-1303.45万元，同比上升 67.6%。按单季度数据看，第二季度营业总收入1.57亿元，同比下降13.58%，第二季度归母净利 润-1386.01万元，同比上升43.19%。 本次财报公布的各项数据指标表现一般。其中，毛利率16.17%，同比减4.9%，净利率-4.02%，同比增 65.36%，销售费用、管理费用、财务费用总计5115.78万元，三费占营收比16.64%，同比减36.49%，每 股净资产0.15元，同比减22.23%，每股经营性现金流-0.01元，同比增82.45%，每股收益-0.01元，同比 增67.53% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 3.35亿 | 3.07亿 | -8.19% | | 归母净利润（元） | -4022.92万 | -1303.45万 | 67.60% | | 扣非净利润(元) ...

Core Viewpoint - Shanghai Mechanical and Electrical Co., a representative enterprise in the machinery industry, reported a decline in both operating revenue and net profit for the first half of 2025, indicating challenges in its financial performance [1][3]. Financial Performance - The company's operating revenue and net profit attributable to shareholders both decreased by over 6% year-on-year in the first half of 2025 [1]. - Key profitability indicators, including net profit margin, gross profit margin, and return on equity, have all shown varying degrees of decline, reflecting pressure on the company's profitability [3]. Operational Stability - The company is facing cash flow contraction pressures, with net cash flow from operating activities amounting to 480 million yuan, a year-on-year decline of 1.97%, indicating weakened cash collection capabilities [5]. - The asset-liability ratio for the first half of 2025 was 52.11%, a decrease of 4.28 percentage points year-on-year, suggesting a reduction in the company's debt burden [5]. Institutional Holdings - The number of institutions holding Shanghai Mechanical and Electrical Co. stock has significantly decreased to 8, down from 94 in the same period of 2024, indicating a notable decline in investor confidence [7]. - The company's market capitalization reached a peak of 47.23 billion yuan on June 12, 2015, and the current market cap stands at 30.856 billion yuan, requiring a 53.07% increase in stock price to reach its historical high [7].

从反映盈利质量的指标来看，洛阳钼业表现亮眼，净利率由2024年上半年的6.16%提升至10.39%，毛利 率从18.38%提升至21.15%，净资产收益率达到11.70%，同比增长了2.88个百分点。 8月23日，洛阳钼业发布2025年中报，洛阳钼业是有色金属行业中的代表性企业，其主营业务包含钼、 钨及黄金等稀贵金属的开采、选冶、深加工、贸易、科研等。截至8月22日，洛阳钼业股价报收于11.11 元，总市值达到2376.91亿元。 从机构持股情况来看，截至2025年上半年，持有洛阳钼业股票的机构家数达到213家，相比2024年同期 的1149家减少了936家，表明机构投资者对公司的信心减弱。 在2025年上半年，洛阳钼业的经营业绩呈现营收下滑但利润大幅增长的态势，实现营业收入947.73亿 元，同比下滑7.83%，实现归母净利润86.71亿元，同比增长60.07%。 值得一提的是，洛阳钼业当前市值为2376.91亿元，年内股价上涨了72.25%。不过，机构持股数量的大 幅下降值得关注。 在经营稳健性方面，洛阳钼业面临存货周转效率略有放缓的压力，存货周转天数为70.45天，较2024年 上半年增长了2.57%， ...

据证券之星公开数据整理，近期士兰微（600460）发布2025年中报。截至本报告期末，公司营业总收入 63.36亿元，同比上升20.14%，归母净利润2.65亿元，同比上升1162.42%。按单季度数据看，第二季度 营业总收入33.36亿元，同比上升18.77%，第二季度归母净利润1.16亿元，同比上升1304.95%。本报告 期士兰微盈利能力上升，毛利率同比增幅2.6%，净利率同比增幅199.28%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率20.42%，同比增2.6%，净利率2.1%，同比增 199.28%，销售费用、管理费用、财务费用总计4.3亿元，三费占营收比6.78%，同比减11.48%，每股净 资产7.39元，同比增2.46%，每股经营性现金流0.2元，同比增194.19%，每股收益0.16元，同比增900.0% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 52.74亿 | 63.36亿 | 20.14% 1 | | 归母净利润(元) | -2492.39万 | 2.65亿 | 1162. ...

Core Viewpoint - Shanghai Beiling (600171) reported a strong performance in its 2025 mid-year financial results, with significant increases in revenue and net profit, although some profitability margins showed a decline [1]. Financial Performance Summary - Total revenue reached 1.347 billion yuan, a year-on-year increase of 21.27% [1]. - Net profit attributable to shareholders was 134 million yuan, up 2.25% year-on-year [1]. - In Q2 alone, total revenue was 878 million yuan, reflecting a 31.37% increase compared to the same quarter last year [1]. - The gross profit margin was 27.81%, down 4.5% year-on-year, while the net profit margin decreased by 15.69% to 9.96% [1]. - Total operating expenses (selling, administrative, and financial expenses) amounted to 69.63 million yuan, accounting for 5.17% of revenue, an increase of 14.34% year-on-year [1]. - Earnings per share remained stable at 0.19 yuan, while operating cash flow per share increased significantly by 256.33% to 0.04 yuan [1]. Balance Sheet Highlights - Accounts receivable rose significantly by 40.58% to 568 million yuan [1]. - Cash and cash equivalents decreased by 17.69% to 814 million yuan due to reclassification of long-term deposits [1]. - Interest-bearing liabilities increased by 17.64% to 32.13 million yuan [1]. Cash Flow Analysis - Net cash flow from operating activities surged by 256.33%, attributed to increased collection of receivables [4]. - Cash flow from investing activities rose by 300.85%, driven by maturing time deposits [4]. - Cash flow from financing activities decreased by 30.26% due to higher dividend distributions [4]. Business Model and Market Position - The company relies heavily on research and development for its performance, with a historical return on invested capital (ROIC) of 8.53% last year, indicating a cyclical nature of its business [4]. - The company has shown a relatively weak investment return over the past decade, with a median ROIC of 6.36% [4]. - The business model appears fragile, with only two years of losses since its IPO [4]. Fund Holdings - The largest fund holding Shanghai Beiling is the Southern CSI National New Central Enterprise Technology Leading ETF, with a scale of 1.456 billion yuan and a recent net value increase of 3.76% [5].

Core Viewpoint - Shanghai Mechanical and Electrical Company (600835) reported disappointing financial results for the first half of 2025, with significant declines in revenue and net profit compared to the previous year [1][3]. Financial Performance - Total revenue for the first half of 2025 was 9.438 billion yuan, a decrease of 6.41% year-on-year [1]. - Net profit attributable to shareholders was 491 million yuan, down 6.67% year-on-year [1]. - In Q2 2025, total revenue was 5.226 billion yuan, a decline of 9.47% year-on-year, with net profit of 287 million yuan, down 8.4% [1]. - Gross margin decreased to 15.4%, down 6.24% year-on-year, while net margin fell to 7.35%, down 5.41% [1]. - Total expenses (selling, administrative, and financial) amounted to 555 million yuan, representing 5.88% of revenue, an increase of 6.15% year-on-year [1]. Cash Flow and Assets - Operating cash flow per share was 0.47 yuan, a decrease of 29.1% year-on-year [1]. - Cash and cash equivalents increased by 2.1% to 13.633 billion yuan [1]. - Accounts receivable increased by 2.58% to 4.815 billion yuan, with accounts receivable to net profit ratio reaching 513.73% [1][5]. Changes in Financial Items - Accounts receivable decreased by 17.75% due to reduced payments settled by notes [2]. - Inventory decreased by 15.25% as inventory levels were reduced [2]. - Contract assets decreased by 16.78% as more assets reached collection conditions [2]. - Financial expenses increased by 29.41% due to reduced interest income [4]. Investment Insights - The company's return on invested capital (ROIC) was 6.47%, indicating average capital returns, with a historical median ROIC of 11.01% over the past decade [4]. - Analysts expect the company's performance in 2025 to reach 925 million yuan, with an average earnings per share of 0.9 yuan [5].

据证券之星公开数据整理，近期沃特股份（002886）发布2025年中报。截至本报告期末，公司营业总收 入9.06亿元，同比上升12.29%，归母净利润1840.8万元，同比上升23.94%。按单季度数据看，第二季度 营业总收入5.12亿元，同比上升15.42%，第二季度归母净利润1229.61万元，同比上升30.71%。本报告 期沃特股份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1368.78%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率16.35%，同比减12.71%，净利率1.86%，同比减 22.75%，销售费用、管理费用、财务费用总计8443.41万元，三费占营收比9.32%，同比减11.37%，每股 净资产6.8元，同比增2.17%，每股经营性现金流0.24元，同比增87.41%，每股收益0.07元，同比增 22.81% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 8.07亿 | 9.06亿 | 12.29% | | 归母净利润(元) | 1485.19万 | 1840.8万 ...

据证券之星公开数据整理，近期长青科技(001324)发布2025年中报。截至本报告期末，公司营业总收入 2.3亿元，同比上升11.24%，归母净利润3679.9万元，同比上升4.51%。按单季度数据看，第二季度营业 总收入1.33亿元，同比上升6.53%，第二季度归母净利润2408.99万元，同比上升13.15%。本报告期长青 科技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588.23%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率33.33%，同比减5.21%，净利率16.59%，同比减 3.11%，销售费用、管理费用、财务费用总计1964.41万元，三费占营收比8.54%，同比减32.26%，每股 净资产8.28元，同比增5.31%，每股经营性现金流0.11元，同比增245.77%，每股收益0.27元，同比增 3.81% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 2.07亿 | 2.3亿 | 11.24% | | 归母浄利润（元） | 3520.97万 | 3679.9万 | 4. ...

据证券之星公开数据整理，近期天顺风能（002531）发布2025年中报。截至本报告期末，公司营业总收 入21.89亿元，同比下降3.08%，归母净利润5382.3万元，同比下降75.08%。按单季度数据看，第二季度 营业总收入12.63亿元，同比上升4.82%，第二季度归母净利润1817.74万元，同比下降73.11%。本报告 期天顺风能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2234.7%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率20.87%，同比减21.94%，净利率5.21%， 同比减45.59%，销售费用、管理费用、财务费用总计3.4亿元，三费占营收比15.55%，同比增4.36%，每 股净资产4.99元，同比增0.07%，每股经营性现金流0.12元，同比减59.14%，每股收益0.03元，同比减 75.04% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 22.59亿 | 21.89 Z | -3.08% | | 归母净利润（元） | 2.16亿 | 5382.3万 ...