Core Insights - Ningbo Fubon (600768.SH) reported a total operating revenue of 536 million yuan for the first half of 2025, an increase of 66.79 million yuan compared to the same period last year, marking a 14.22% year-on-year growth, achieving three consecutive years of revenue increase [1] - The net profit attributable to shareholders reached 9.68 million yuan, up by 6.39 million yuan from the same period last year, representing a significant year-on-year increase of 194.15%, and achieving four consecutive years of profit growth [1] - The company experienced a net cash outflow from operating activities of 22.91 million yuan, which is an improvement of 17.21 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio stands at 54.72%, a decrease of 2.45 percentage points from the previous quarter [3] - The gross profit margin is reported at 10.94%, an increase of 0.43 percentage points from the previous quarter, achieving three consecutive quarters of growth, and up 9.33 percentage points year-on-year, marking two consecutive years of improvement [3] - Return on equity (ROE) is at 2.54%, an increase of 2.88 percentage points compared to the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.07 yuan, an increase of 0.05 yuan from the same period last year, achieving four consecutive years of growth, with a year-on-year increase of 250% [3] - The total asset turnover ratio is 0.51 times, an increase of 0.27 times year-on-year, representing a growth of 109.28% [3] - The inventory turnover ratio is 2.88 times, an increase of 0.34 times compared to the same period last year, reflecting a year-on-year growth of 13.61% [3] Shareholder Information - The number of shareholders is reported at 12,400, with the top ten shareholders holding a total of 61.35 million shares, accounting for 45.87% of the total share capital [3] - The largest shareholder is Ningbo Fubon Holding Group Co., Ltd., holding 37.2 million shares [3]