登录新浪财经APP 搜索【信披】查看更多考评等级 据证券之星公开数据整理，近期海航科技(600751)发布2025年中报。根据财报显示，海航科技增收不增 利。截至本报告期末，公司营业总收入6.75亿元，同比上升30.1%，归母净利润7149.57万元，同比下降 23.89%。按单季度数据看，第二季度营业总收入4.14亿元，同比上升84.62%，第二季度归母净利润 2851.8万元，同比下降25.65%。 本次财报公布的各项数据指标表现一般。其中，毛利率4.67%，同比减40.29%，净利率10.58%，同比减 41.55%，销售费用、管理费用、财务费用总计795.92万元，三费占营收比1.18%，同比增804.05%，每股 净资产2.61元，同比增1.49%，每股经营性现金流-0.03元，同比减168.47%，每股收益0.02元，同比减 23.77% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 5.19亿 | 6.75亿 | 30.10% | | 归母净利润(元) | 9394.09万 | 7149.57万 ...

Investment Rating - The investment rating for the company is "Buy" with a target price of HKD 68 per H-share [1][6]. Core Insights - The company is expected to experience a decline in net profit for the first half of 2025, with a forecasted decrease of 20.8% year-on-year. Total revenue for the same period is projected to be RMB 28.15 billion, down 10% year-on-year [6][8]. - The second quarter of 2025 is anticipated to show a revenue of RMB 11.4 billion, reflecting an 8.5% decline year-on-year, and a net profit of RMB 660 million, down 32.2% year-on-year. This performance is below expectations [6][8]. - The company is expected to benefit from the recovery of cross-border flights and the improvement of airport duty-free store operations in the second half of 2025, with a projected increase in market share in Hainan [8]. Financial Summary - The company’s net profit for 2025 is estimated at RMB 45.21 billion, with a year-on-year growth of 6%. The earnings per share (EPS) is projected to be RMB 2.19 [7][8]. - The price-to-earnings (P/E) ratio for H-shares is expected to be 24 times for 2025, decreasing to 19 times by 2027 [7][8]. - The company’s revenue is projected to grow from RMB 61.38 billion in 2025 to RMB 74.87 billion by 2027 [11]. Market Position and Strategy - The company is focusing on expanding its presence in the Hainan market, which is expected to improve as the Hainan Free Trade Port is set to officially close on December 18, 2025. This is anticipated to enhance local economic vitality and benefit the company's operations [8]. - The company plans to open multiple new city duty-free stores throughout the year, further enhancing its operational layout [8].

Company Overview - Global Strategic Group Limited primarily engages in commodity trading, natural gas supply, internet and e-commerce solutions, strategic investments in technology projects, and rental and technical services for steel support axial force servo systems [2]. Financial Performance - As of March 31, 2025, Global Strategic Group reported total revenue of 155 million yuan, representing a year-on-year increase of 52.97%. However, the net profit attributable to shareholders was -8.12 million yuan, a decrease of 13.58% year-on-year. The gross margin stood at 15.5%, and the debt-to-asset ratio was 76.93% [1]. Stock Performance - On June 10, the stock price of Global Strategic Group closed at 0.04 HKD per share, marking a 29.03% increase with a trading volume of 59.63 million shares and a turnover of 2.48 million HKD. Over the past month, the stock has seen a cumulative increase of 6.9%, but it has declined by 11.43% year-to-date, underperforming the Hang Seng Index by 20.55% [1]. Industry Valuation - The average price-to-earnings (P/E) ratio for the utility sector is 6.38 times, with a median of 6.79 times. Global Strategic Group's P/E ratio is -0.85 times, ranking 73rd in the industry. Comparatively, other companies in the sector have P/E ratios such as Dianchi Water (2.14), Xinglu Water (2.78), Shanghai Industrial Environment (3.74), China Everbright Water (3.90), and Kanda Environmental Protection (3.95) [1].

4月28日晚间，海航科技(600751)发布2024年年报。报告期内，公司实现营业收入11.17亿元，同比增长 71.64%；实现扣除非经常性损益的净利润1.12亿元，同比增长415.15%。 海航科技在年报中表示，尽管全球经济和航运市场面临诸多挑战，但公司凭借"航运+贸易"双轮驱动、 互为补充的业务格局，将继续夯实主营业务基础，落实精细化管理，充分挖掘现有业务潜能和盈利能 力。（燕云） 校对：刘榕枝 （文章来源：证券时报网） 海航科技表示，这一经营成果充分展现了公司在复杂市场环境下高效的决策力和执行力，一系列精准的 策略调整和积极的业务拓展举措，使得公司主营业务盈利能力大幅提升，协同发展成效愈发凸显。 年报提及，在自有的75万载重吨运力基础上，为提升航运业务竞争力，公司在2024年内通过期租租入运 营6艘灵便型船，增加船运力超36万载重吨，使得公司总可控运力最高增长至111万载重吨。公司还相继 拓展、稳定了菲律宾—中国、印尼—印度、中国—中东、美国—埃及等十余条航线，极大丰富了公司船 舶运营航线选择。同时，为顺应新能源产业增长的需求，海航科技拓展了铝土矿、镍矿等货种的运输业 务。这些举措有效提升了公司航运业 ...