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先进数通2025年中报简析:营收净利润同比双双增长,存货明显上升
Zheng Quan Zhi Xing· 2025-08-19 22:32
据证券之星公开数据整理,近期先进数通(300541)发布2025年中报。截至本报告期末,公司营业总收入 13.8亿元,同比上升33.06%,归母净利润6260.34万元,同比上升694.25%。按单季度数据看,第二季度 营业总收入8.51亿元,同比上升29.24%,第二季度归母净利润3302.34万元,同比上升202.43%。本报告 期先进数通存货明显上升,存货同比增幅达85.53%。 证券之星价投圈财报分析工具显示:业务评价:公司去年的ROIC为2.56%,资本回报率不强。去年的净 利率为1.73%,算上全部成本后,公司产品或服务的附加值不高。从历史年报数据统计来看,公司上市 以来中位数ROIC为10.3%,投资回报也较好,其中最惨年份2024年的ROIC为2.56%,投资回报一般。公 司历史上的财报相对一般(注:公司上市时间不满10年,上市时间越长财务均分参考意义越大。)。商业 模式:公司业绩主要依靠研发及营销驱动。需要仔细研究这类驱动力背后的实际情况。 财报体检工具显示:建议关注公司现金流状况(货币资金/流动负债仅为19.16%、近3年经营性现金流均 值/流动负债仅为6.84%)建议关注公司债务状况(有 ...
【私募调研记录】鹿秀投资调研先进数通
Zheng Quan Zhi Xing· 2025-06-20 00:15
Group 1 - The company Advanced Digital Technology focuses on IT infrastructure construction, software solutions, and IT operation services, primarily serving financial institutions, internet companies, and the tobacco industry [1] - In 2024, the company's revenue from tobacco industry clients is expected to increase significantly, while expanding into new markets has raised sales expenses [1] - The company has disclosed two major litigation announcements and one progress announcement involving Kingsoft Cloud and Han's Laser [1] - The company's accounts receivable mainly come from large and medium-sized enterprise clients with high creditworthiness, and it is enhancing accounts receivable management [1] - In 2024, the net operating cash flow is expected to increase significantly due to increased sales and extended payment terms for some procurement contracts using letters of credit [1] - The company's equity is historically dispersed, with the core management and technical team holding a significant proportion of shares [1] - The company is actively expanding its client base in the internet and tobacco industries while maintaining a solid relationship with financial industry clients [1] - The company ensures sufficient bank credit limits through stable bank-enterprise cooperation [1] - The company possesses a professional team and technical strength, collaborating closely with top suppliers [1] - Currently, the company has no refinancing plans [1] Group 2 - Qingdao Luxiu Investment Management Co., Ltd. is a professional private equity securities management company, employing strategies such as discount hedging, index enhancement, multi-factor neutral alpha, futures statistical arbitrage, IPO subscription, and convertible bond arbitrage [2] - The company leverages the strong research and investment team of its parent company to provide customized asset allocation services for high-net-worth individuals [2]