浩洋股份2025年一季报简析：净利润减47.04%，三费占比上升明显

Financial Performance - The company reported total revenue of 290 million yuan for Q1 2025, a decrease of 8.04% year-on-year [1] - The net profit attributable to shareholders was 53.26 million yuan, down 47.04% compared to the same period last year [1] - The gross margin was 49.41%, reflecting a decline of 5.43% year-on-year, while the net profit margin dropped to 18.62%, down 42.21% [1] - Total expenses (selling, administrative, and financial) amounted to 55.56 million yuan, representing 19.17% of total revenue, an increase of 94.99% year-on-year [1] - Earnings per share decreased to 0.42 yuan, a decline of 47.04% year-on-year [1] Financial Ratios and Metrics - The company's return on invested capital (ROIC) was 11.55%, indicating average capital returns [3] - The net profit margin for the previous year was 25.2%, suggesting high added value for products or services [3] - The company has a healthy cash asset position, with a significant amount of cash on hand [3] - The ratio of accounts receivable to profit reached 80.67%, indicating a need for attention in accounts receivable management [3] Shareholder Information - The company has raised a total of 1.098 billion yuan since its listing and has distributed 489 million yuan in dividends, resulting in a dividend-to-financing ratio of 0.45 [3] - The estimated dividend yield is 5.23% [3] - The largest fund holding shares in the company is the Industrial Bank Specialized New Mixed A Fund, which has increased its holdings to 190,200 shares [3]