摘要 ： 先河环保2025年上半年报显示，营收4.18亿元，净利2446万元，同比分别增长6.08%和31%。 | | 本报告期 | 上年同期 | 同比增减 | 变动原因 | | --- | --- | --- | --- | --- | | 营业收入 | 417,721,204.99 | 393, 766, 162. 27 | 6.08% | | | 营业成本 | 247, 397, 119, 89 | 239. 210. 853. 98 | 3.42% | | | 销售费用 | 43, 274, 126. 58 | 43, 210, 652. 23 | 0.15% | | | 管理费用 | 61, 226, 400. 92 | 63. 458, 183. 10 | -3.52% | | | 财务费用 | -1, 033, 155. 85 | -1, 139, 314. 41 | 9. 32% | | | 所得税费用 | 3, 475, 039. 36 | -3.524.615.10 | 198. 59% | 主要是公司本期计提当期所得税 费用增加所致 | | 研发投入 | 24, 252, 356. 38 ...

2025年上半年，在环保行业政策持续利好与市场需求升级的双重驱动下，ST先河（300137） (300137.SZ)凭借在环境监测领域的技术积淀与全产业链布局，展现出强劲的盈利复苏态势。 根据公司披露的25年半年度数据，报告期内，公司实现营收4.18亿元，同比增长6.08%；净利润0.25亿 元，较上年同期增长31.00%；扣非净利润同比大幅增长51.56%至0.22亿元。单季度来看，ST先河25Q2 贡献营收2.29亿元，环比增长21.16%；此外，净利润以及扣非净利润方面环比都实现了不同程度的增 长。数据面来看，公司目前经营正呈现出稳步发展的良好态势。 资料显示，ST先河已发展成为集环境监测、环境管理、环境治理为一体的综合服务商，具有全产业链 服务优势，在行业中具有较强的竞争力。 报告期内，公司环境监测系统实现收入1.38亿元，在营业收入结构占比为32.93%，营收同比微增 0.43%；运营及咨询服务则贡献营收2.62亿元，在营业收入结构占比为62.82%，营收同比增长13.54%。 一方面，环保政策红利持续释放为公司发展提供了良好环境。2025年是全面落实深化生态文明体制改革 任务、深入推进美丽中国建设 ...

Core Viewpoint - The company has shown significant growth in both revenue and net profit in the first half of the year, indicating a successful transition from equipment sales to service-oriented offerings [1][2]. Financial Performance - The company achieved a revenue of 418 million yuan, representing a year-on-year increase of 6.08% [1]. - The net profit attributable to shareholders reached 24.46 million yuan, up 31.00% year-on-year [1]. - The net profit after deducting non-recurring items was 22.22 million yuan, reflecting a growth of 51.56% [1]. - The gross margin for the operation and consulting services segment improved to 37.5%, an increase of 2.93% compared to the previous year [1]. Revenue Structure - The revenue from environmental monitoring systems amounted to 138 million yuan, accounting for 32.93% of total revenue [1]. - Revenue from operation and consulting services was 262 million yuan, making up 62.82% of total revenue [1]. Research and Development - The company invested 24.25 million yuan in R&D, nearly equivalent to its net profit [2]. - The company has developed a comprehensive smart ecological environment management platform utilizing IoT and big data technologies [2]. - The platform integrates various advanced technologies such as cloud computing, artificial intelligence, and 5G to provide a unified approach to ecological environment governance [2].