According to the public data of Securities Star, Tianfu Energy () recently released its 2025 interim report. As of the end of this reporting period, the company's total operating income was 4.066 billion yuan, a year-on-year decrease of 10.64%, and its net profit attributable to shareholders was 304 million yuan, a year-on-year decrease of 3.0%. According to single-quarter data, the total operating income in the second quarter was 1.856 billion yuan, a year-on-year decrease of 18.2%, and the net profit attributable to shareholders in the second quarter was 123 million yuan, a year-on-year decrease of 25.8%. During this reporting period, Tianfu Energy's profitability increased, with gross profit margin increasing by 23.78% year-on-year and net profit margin increasing by 8.18% year-on-year.

The data indicators released in this financial report performed poorly. Among them, the gross profit margin was 22.83%, an increase of 23.78% year-on-year, and the net profit margin was 7.46%, an increase of 8.18% year-on-year. Sales expenses, administrative expenses, and financial expenses totaled 434 million yuan. The three fees accounted for 10.67% of revenue, an increase of 19.42% year-on-year, and the net assets per share were 5.6 yuan, a decrease of 0.29% year-on-year, operating cash flow per share was 0.16 yuan, a decrease of 39.44% year-on-year, and earnings per share was 0.22 yuan, a decrease of 3.45% year-on-year.

The reasons for financial items with significant changes in the financial statements are as follows:

The change range of notes receivable is -35.99%, because the notices collected in this period have decreased. The change in advance payment was 33.44%, because the advance payment of natural gas increased this year. The change range of other receivables was -30.77%, because the funds for the 4*660 project in the early stage were recovered in this period. The inventory change range was -48.91%, because the amount of coal inventories decreased in this period. The change range of other non-current assets was 209.82%, because the advance payment of project funds for this period increased. The change in short-term loans is -90.5%, because the reason is that short-term loans are returned in this period. The change range of notes payable is -77.9%, because the use of notes to pay for goods has decreased. The change in taxes and fees payable was 74.13%, because the income tax payable increased this year. The change range of other payables is -53.25%, because the reason is that the controlling shareholder's loan is returned to this period. The change in non-current liabilities due within one year is -43.55%, because: long-term loans and long-term payables due within one year of this period have decreased. The change in other current liabilities was -35.78%, because the decrease in notes that had endorsed and unrecognized at the end of the period. The change in long-term loans was 38.18%, because the loans for this period increased. The operating income fluctuation range was -10.64%, because of the decrease in power supply and the decrease in power supply revenue. The operating cost change range was -15.44%, because of the decrease in power supply in this period and the decline in coal prices. The change in sales expenses was 1.32%, because of the increase in sales volume of Tianyuan Gas Company in this issue. The change in administrative expenses was 8.3%, because the reason: corporate litigation expenses increased year-on-year. The change in financial expenses was 7.75%, because the exchange losses this year increased year-on-year. The change in R&D expenses was 127.81%, because the increase in R&D investment this year increased. The net cash flow generated by operating activities was -39.65%, because the reason: the revenue in this period decreased and the accounts receivable increased. The net cash flow generated by investment activities was 30.22%, because the project expenditure in this period decreased. The net cash flow generated by financing activities was -79.82%, because of the decrease in project loans this year and the decrease in capital injections received by minority shareholders.

Securities Star Price Investment Circle Financial Report Analysis Tool shows:

The financial report physical examination tool shows:

It is recommended to pay attention to the company's cash flow situation (monetary funds/current liabilities are only 40.52%) It is recommended to pay attention to the company's debt situation (interest-bearing debt-to-asset ratio has reached 48.41%) It is recommended to pay attention to the company's accounts receivable (accounts receivable/profit has reached 1022.99%)

The fund that holds the most Tianfu Energy is Xinyuan Zhiyuan Quantitative Stock Selection Mixed A, with a current scale of 21 million yuan and its latest net value is 1.1079 (August 12), up 0.2% from the previous trading day. The current fund manager of the fund is Liu Yutao.

The above content is compiled by Securities Star based on public information and is generated by AI algorithm (Internet Information Calculation Number), and does not constitute investment advice.