Core Insights - The company reported a total operating revenue of 2.335 billion yuan for the first half of 2025, an increase of 6.95% year-on-year, but the net profit attributable to shareholders decreased by 42.43% to 95.903 million yuan [2][9] - The decline in profit is attributed to various factors including reduced rainfall and changes in foreign trade policies, impacting overall business performance [6][9] Financial Overview - The company's gross profit margin decreased to 16.02%, down 27.73% year-on-year, while the net profit margin fell to 4.55%, a decrease of 42.92% [7] - Operating cash flow per share dropped significantly by 93.44% to 0.06 yuan, indicating severe cash flow issues [7][10] - The company’s total liabilities with interest reached 7.113 billion yuan, an increase of 6.94% year-on-year, with a debt-to-asset ratio of 54.55% [7][10] Revenue Composition - The revenue from hydropower business decreased by 36.99%, while biomass power generation revenue surged by 114.11% [6] - The sales volume of paper tableware dropped by 27%, leading to a revenue decline of 24.49%, whereas the revenue from original paper business increased by 16.58% [6] Regional Distribution - Revenue from Guangdong Province accounted for 69.15% of total revenue, with a gross margin of 15.33%, while revenue from outside Guangdong made up 30.85% with a gross margin of 17.57% [7] Future Outlook - The company plans to implement refined management practices, enhance biomass fuel varieties and channels, and accelerate the construction of new energy projects [8]

报告期内，受公司水电站所在地区降雨量及来水量同比大幅下降、国外贸易政策变化导致纸餐具业务销 售量同比下降等因素影响，公司整体经营业绩同比有所下降。 韶能股份(000601.SZ)发布2025年半年度报告，该公司营业收入为23.35亿元，同比增长6.95%。归属于上 市公司股东的净利润为9590.3万元，同比减少42.43%。归属于上市公司股东的扣除非经常性损益的净利 润为5375.91万元，同比减少65.53%。基本每股收益为0.0907元。 ...