Core Viewpoint - The company SanDa Membrane (688101.SH) reported stable growth in revenue and net profit for the first half of 2025, indicating a positive performance in membrane technology applications and water investment operations [1] Financial Performance - The company achieved operating revenue of 717 million yuan, representing a year-on-year increase of 6.53% [1] - The net profit attributable to shareholders was 195 million yuan, reflecting a year-on-year growth of 21.39% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 180 million yuan, with a year-on-year increase of 25.26% [1] - Basic earnings per share were reported at 0.59 yuan [1] Business Segments - Revenue from membrane technology applications and water investment operations showed stable growth during the reporting period [1]

Core Viewpoint - San Chuan Wisdom (SZ300066) reported a significant increase in revenue for 2024, but net profit declined sharply, indicating potential challenges in profitability despite revenue growth [1][2]. Financial Performance - The company's operating revenue for 2024 was 1.473 billion yuan, a year-on-year increase of 35.52% compared to 2023 [1]. - Net profit attributable to shareholders was 63.77 million yuan, a decrease of 73.43% from the previous year [1]. - The net profit after deducting non-recurring gains and losses was -16.74 million yuan, down 115.56% year-on-year [1]. - Basic earnings per share were 0.0613 yuan, reflecting a 73.43% decline compared to 2023 [1]. - The total assets at the end of 2024 were 2.925 billion yuan, a decrease of 10.04% from the previous year [1]. Profitability Metrics - The gross profit margin for 2024 was 17.44%, an increase of 0.26 percentage points year-on-year [2]. - The net profit margin was 1.53%, a decrease of 9.88 percentage points compared to the previous year [2]. Expense Management - Total operating expenses for 2024 were 246 million yuan, a decrease of 7.45 million yuan from the previous year [2]. - The expense ratio was 16.71%, an increase of 5.61 percentage points year-on-year [2]. - Sales expenses decreased by 1.15%, while management expenses increased by 11.08% [2]. Employee Statistics - The total number of employees at the end of 2024 was 1,312, a reduction of 152 employees or 10.38% compared to the previous year [4]. - The number of employees in the parent company was 780, while the main subsidiaries had 532 employees [3]. Executive Compensation - Total compensation for directors, supervisors, and senior management in 2024 was 3.1429 million yuan [7]. - The highest salary was received by General Manager Li Qiangzu, amounting to 626,100 yuan, a slight decrease from the previous year's salary [7]. Company Overview - San Chuan Wisdom Technology Co., Ltd. is located in Yingtan, Jiangxi Province, and specializes in smart water meters, particularly IoT water meters, along with water management systems and services [9].