据证券之星公开数据整理，近期苏利股份(603585)发布2025年中报。截至本报告期末，公司营业总收入 13.03亿元，同比上升25.04%，归母净利润7979.06万元，同比上升1128.33%。按单季度数据看，第二季 度营业总收入6.55亿元，同比上升17.82%，第二季度归母净利润4565.78万元，同比上升374.9%。本报 告期苏利股份盈利能力上升，毛利率同比增幅49.43%，净利率同比增幅1064.08%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率20.79%，同比增49.43%，净利率6.59%，同比增 1064.08%，销售费用、管理费用、财务费用总计1.03亿元，三费占营收比7.87%，同比增12.28%，每股 净资产13.27元，同比增1.25%，每股经营性现金流0.52元，同比增479.87%，每股收益0.44元，同比增 1000.0% 营业成本变动幅度为15.05%,原因:1、销量增长带动营业成本增加；2、公司新建项目转固引致折旧、 能源及人工成本增加。 销售费用变动幅度为25.47%,原因:公司积极开拓市场，销售规模及人员增加带来薪酬、差旅费增长。 货币资金变动幅度为-45. ...

Core Viewpoint - Su Li Co., Ltd. (603585) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year, indicating improved profitability and operational efficiency [1]. Financial Performance Summary - Total revenue reached 1.303 billion yuan, a year-on-year increase of 25.04% [1] - Net profit attributable to shareholders was 79.79 million yuan, up 1128.33% year-on-year [1] - Gross margin improved to 20.79%, reflecting a 49.43% increase [1] - Net margin surged to 6.59%, marking a 1064.08% rise [1] - Earnings per share rose to 0.44 yuan, a 1000.00% increase [1] - Operating cash flow per share increased to 0.52 yuan, up 479.87% [1] Expense and Cost Analysis - Total selling, administrative, and financial expenses amounted to 103 million yuan, accounting for 7.87% of revenue, a 12.28% increase year-on-year [1] - Sales expenses increased by 25.47% due to market expansion efforts [8] - Management expenses rose by 28.44% as a result of increased personnel and operational scale [8] - Financial expenses saw a significant increase of 92.41% due to higher interest costs [8] Asset and Liability Changes - Cash and cash equivalents decreased by 57.13% due to increased project construction expenditures [1] - Accounts receivable increased by 41.92%, indicating higher sales volume [1] - Interest-bearing liabilities rose slightly by 1.84% [1] - Contract liabilities increased by 83.07% due to higher customer prepayments [6] Project and Investment Insights - Construction in progress increased by 56.0%, driven by ongoing projects [5] - Investment activities generated a net cash flow increase of 73.82% due to reduced cash outflows for fixed asset purchases [8] Tax and Regulatory Considerations - Deferred tax assets rose by 57.0% as the company recognized tax liabilities related to its high-tech enterprise qualification [5][7]