资料显示，河南辉煌科技股份有限公司位于河南省郑州市高新技术产业开发区科学大道188号，成立日 期2001年11月15日，上市日期2009年9月29日，公司主营业务涉及轨道交通高端装备的研发、生产、销 售、安装和维护等。主营业务收入构成为：监控产品线85.16%，信号基础设备产品线7.06%，运营管理 产品线4.60%，综合运维信息化及运维装备2.81%，其他(补充)0.37%。 辉煌科技所属申万行业为：通信-通信设备-通信网络设备及器件。所属概念板块包括：壳资源、铁路基 建、小盘、储能、智慧城市等。 12月18日，辉煌科技盘中上涨2.06%，截至13:14，报10.41元/股，成交5693.44万元，换手率1.59%，总 市值40.56亿元。 资金流向方面，主力资金净流入281.22万元，特大单买入371.09万元，占比6.52%，卖出222.08万元，占 比3.90%；大单买入1021.48万元，占比17.94%，卖出889.27万元，占比15.62%。 辉煌科技今年以来股价涨8.32%，近5个交易日跌0.76%，近20日跌2.98%，近60日跌8.84%。 分红方面，辉煌科技A股上市后累计派现3.31亿元 ...

Performance Overview - The company reported total revenue of 404 million yuan for the first half of 2025, an increase of 21.34% year-on-year [2] - The net profit attributable to shareholders reached 135 million yuan, up 19.5% year-on-year [2] - The net profit after deducting non-recurring gains and losses was also 135 million yuan, reflecting a 21.07% increase year-on-year [2] - In Q2 alone, total revenue was 189 million yuan, showing a significant rise of 50.44% year-on-year [2] - The net profit for Q2 was 39.18 million yuan, up 23.66% year-on-year [2] Profitability Analysis - The company's gross margin stood at 57.34%, a slight decrease of 0.41% year-on-year [3] - The net profit margin was 33.21%, down 2.13% year-on-year [3] - Earnings per share increased by 18.95% year-on-year to 0.35 yuan, indicating sustained growth in profitability [3] Cost and Expense Control - Total sales, management, and financial expenses amounted to 39.09 million yuan, with a ratio of 9.67% to revenue, a decrease of 35.05% year-on-year [4] - This demonstrates significant achievements in expense management [4] Accounts Receivable and Cash Flow - Accounts receivable surged to 1.051 billion yuan, reflecting a year-on-year increase of 123.7% [5] - Cash and cash equivalents decreased to 279 million yuan, down 8.98% year-on-year [5] - Operating cash flow per share was 0.14 yuan, a decrease of 2.94% year-on-year, indicating potential cash flow pressure [5] Investment and Financing Activities - The net cash flow from investment activities changed by 176.57%, primarily due to the maturity of large time deposits and receipt of interest [6] - The net cash flow from financing activities decreased by 1349.58%, mainly due to increased dividend payments and the previous year's receipt of employee stock plan funds [6] Industry and Market Position - The company holds a significant position in the rail transit industry, particularly in national railways and urban rail transit [7] - It focuses on the research and promotion of automation measurement and control technology, with key product lines including monitoring products, signal basic equipment, operational management products, and integrated operation and maintenance solutions [7] - The company is a leader in providing operational maintenance equipment and integrated solutions in the domestic rail transit sector [7] Summary - Overall, the company's mid-2025 report indicates steady growth in performance, strong profitability, and effective cost control [8] - However, the substantial increase in accounts receivable and cash flow situation warrant close attention [8]