据证券之星公开数据整理，近期英杰电气（300820）发布2025年中报。截至本报告期末，公司营业总收 入7.22亿元，同比下降9.42%，归母净利润1.19亿元，同比下降32.71%。按单季度数据看，第二季度营 业总收入3.97亿元，同比下降5.98%，第二季度归母净利润6900.12万元，同比下降29.32%。本报告期英 杰电气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114.54%。 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36.57%，同比减13.4%，净利率16.91%， 同比减27.86%，销售费用、管理费用、财务费用总计5389.71万元，三费占营收比7.46%，同比减 3.59%，每股净资产11.0元，同比增7.49%，每股经营性现金流0.79元，同比减31.33%，每股收益0.54 元，同比减33.33% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 7.97亿 | 7.22亿 | -9.42% | | 归母净利润（元） | 1.78亿 | 1.19亿 | -32. ...

Group 1 - The core focus of Yingjie Electric is on the research and manufacturing of industrial power supplies, covering areas such as photovoltaic, semiconductor, charging piles, energy storage, and research institutions [1] - The photovoltaic industry previously held a significant share of the company's business but is currently undergoing a downward adjustment cycle, prompting the company to actively pursue business transformation [1] - Progress has been made in the semiconductor and charging pile sectors, with the company having a strong technical foundation in controlled nuclear fusion power supplies, establishing long-term partnerships with top domestic research institutions [1] Group 2 - Orders related to nuclear fusion power supplies are expected to exceed 10 million yuan in 2024, indicating a broad market potential [1] - The company possesses experience in the research and development of high-power power supplies and has the capability for mass production, forming a technological advantage [1] - In the charging pile business, the company is developing new products for industry leaders and anticipates obtaining high-value-added orders, with breakthroughs in overseas market expansion expected to lead to significant growth by 2025 [1] Group 3 - The company emphasizes the importance of receivables in its photovoltaic business, with most of the goods shipped but not yet recognized as sales having their payments already collected, indicating manageable financial risks [1]