Xi'an Wonder XD万德股
7 significant filings since 31 May 2026: 5 on major holder buying and 2 on dividend. The latest, on 17 Sep 2026: 2026年半年度权益分派实施公告.
自 31 May 2026 起有 7 份重大公告：major holder buying 5 份、dividend 2 份。最新一份（17 Sep 2026）：2026年半年度权益分派实施公告。
As of 25 Sep 2026 截至2026年9月25日
Xi'an Wonder 万德股 is a chemical products company listed on the Beijing Stock Exchange since 15 Sep 2023. The company reported a revenue decline of 21.0% in 2025 to RMB416.1m, with attributable net profit down 34.7% at RMB20.0m. Margins and returns remained low, with net margin at 4.9% and ROE at 3.9%. However, operating cash flow was strong relative to profit, at 2.40x net profit. As of 30 Jun 2026, the company held a healthy balance sheet with liabilities to assets at 12.0% and a current ratio of 5.37. In the first half of 2026, revenue rose 47.2% to RMB283.6m and net profit surged 427.0% to RMB27.2m, suggesting a significant improvement. The stock has delivered a one-year return of -20.8%.
万德股是一家化学制品公司，于2023年9月15日在北京证券交易所上市。2025年营业收入同比下降21.0%至4.16亿元，归母净利润同比下降34.7%至2,001.6万元。净利率为4.9%，净资产收益率为3.9%，盈利水平较低。但经营现金流表现强劲，为净利润的2.40倍。截至2026年6月30日，公司资产负债率为12.0%，流动比率5.37，财务结构稳健。2026年上半年营业收入同比增长47.2%至2.84亿元，归母净利润同比增长427.0%至2,715.2万元，显示显著改善。股价一年涨跌幅为-20.8%。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Revenue down 20% or more on the year before 营业收入同比下降20%或以上 | Revenue declined significantly in 2025. 2025年营业收入大幅下降。 | A revenue drop of 21.0% in 2025 to RMB416.1m may reflect weakening demand or competitive pressures, which could affect profitability and growth prospects. However, the first half of 2026 shows a reversal with revenue up 47.2%. 2025年营业收入下降21.0%至4.16亿元，可能反映需求减弱或竞争压力，影响盈利与增长前景。但2026年上半年收入同比增长47.2%，趋势已现反转。 |
- Revenue growth in the full year 2026 compared to 2025
2026全年营业收入相比2025年的增长情况 - Attributable net profit for full year 2026
2026全年归母净利润 - Operating cash flow to net profit ratio in 2026
2026年经营现金流与净利润之比 - Liabilities to assets ratio at year-end 2026
2026年末资产负债率 - Shareholding change of actual controller 党土利
实际控制人党土利的持股变动 - Next distribution announcement
下一次分红公告
- Company: Xi'an Wonder 万德股, Beijing Stock Exchange 920519; industry Chemical Products; listed 15 Sep 2023.
公司：万德股，北京证券交易所 920519；行业：化学制品；上市日期：2023年9月15日。 - Close on 24 Sep 2026 RMB11.10; close on 24 Sep 2025 RMB14.40, RMB14.01 in today's terms; one-year change, adjusted for distributions and share changes -20.8%.
2026年9月24日收盘价11.10元；2025年9月24日收盘价14.40元（前复权14.01元）；一年涨跌幅（复权）-20.8%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB8.78 to RMB14.51.
52周区间（前复权）8.78元至14.51元。 - Market capitalisation RMB991.0m; P/E TTM 23.6; price to book 1.86x.
总市值9.91亿元；市盈率（TTM）23.6；市净率1.86倍。 - Revenue 2025 RMB416.1m; 2024 RMB526.6m; change -21.0%.
营业收入2025年4.16亿元；2024年5.27亿元；同比-21.0%。 - Attributable net profit 2025 RMB20.0m; 2024 RMB30.6m; change -34.7%.
归属于母公司股东的净利润2025年2,001.6万元；2024年3,063.5万元；同比-34.7%。 - Net profit excluding non-recurring items, 2025 change -33.2%.
2025年扣除非经常性损益后的净利润同比-33.2%。 - Basic EPS 2025 RMB0.23; 2024 RMB0.35.
基本每股收益2025年0.23元；2024年0.35元。 - Operating cash flow per share 2025 RMB0.55; 2024 RMB0.63; operating cash flow to net profit 2.40x.
每股经营现金流2025年0.55元；2024年0.63元；经营现金流与净利润之比2.40倍。 - 2025 gross margin 21.6%; net margin 4.9%; ROE 3.9%.
2025年毛利率21.6%；净利率4.9%；净资产收益率3.9%。 - At 30 Jun 2026: liabilities to assets 12.0%; current ratio 5.37; quick ratio 4.74; receivable days 84; inventory days 42.
截至2026年6月30日：资产负债率12.0%；流动比率5.37；速动比率4.74；应收账款周转天数84；存货周转天数42。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB283.6m, change +47.2%; attributable net profit RMB27.2m, change +427.0%; operating cash flow per share RMB0.46.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入2.84亿元，同比+47.2%；归母净利润2,715.2万元，同比+427.0%；每股经营现金流0.46元。 - Ownership: actual controller 党土利,王育斌; largest holder at 30 Jun 2026: 党土利, 23.41%.
股权：实际控制人：党土利,王育斌；2026年6月30日第一大股东：党土利，持股23.41%。 - Latest distribution: ex-date 24 Sep 2026, cash RMB0.15 per share.
最近一次分配：除权除息日2026年9月24日，每股现金0.15元。 - Aurelian Grade B, score 78.8 of 100, graded within a peer group of 185 companies in its industry; no rank among peers is given.
金源评级B，得分78.8（满分100），于行业同业185家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。