Haomiao Technology 浩淼科技
4 significant filings since 1 Jun 2026: 2 on major holder selling and 2 on change of interest. The latest, on 6 Jul 2026: 股东减持股份结果公告.
自 1 Jun 2026 起有 4 份重大公告：major holder selling 2 份、change of interest 2 份。最新一份（6 Jul 2026）：股东减持股份结果公告。
Price History 价格走势
66 trading days 个交易日 · High 最高 ¥15.72 · Low 最低 ¥8.18As of 25 Sep 2026 截至2026年9月25日
Haomiao Technology 浩淼科技, listed in 2020, operates in the Special-purpose Machinery industry. The company's revenue declined from RMB544.6m in 2024 to RMB422.1m in 2025, a drop of 22.5%. Net profit also fell, from RMB19.0m to RMB17.4m. Operating cash flow improved significantly, reaching RMB1.94 per share in 2025 from -RMB1.07 the year before, with cash flow to net profit at 10.75x. However, the first half of 2026 shows further deterioration: revenue dropped 32.2% and net profit fell 81.4% year-on-year. The share price has declined 42.1% over one year, and receivables take 198 days to collect. The company remains profitable but faces pressure on sales and collections.
浩淼科技于2020年上市，属于专用设备行业。公司2025年营业收入为4.22亿元，较2024年的5.45亿元下降22.5%；归母净利润从1,904.1万元降至1,735.8万元。每股经营现金流由2024年的-1.07元改善至2025年的1.94元，经营现金流与净利润之比达10.75倍。但2026年上半年数据显示进一步下滑：营业收入同比下降32.2%，归母净利润下降81.4%。过去一年股价下跌42.1%，应收账款周转天数为198天。公司仍盈利，但销售和回款压力加大。
| 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 by 22.5% in 2025. 2025年营业收入下降22.5%。 | A sustained revenue drop may weaken the company's ability to maintain profitability and invest in growth. The first half of 2026 saw a further decline of 32.2%, indicating ongoing pressure. 持续的收入下滑可能削弱公司维持盈利和投资增长的能力。2026年上半年收入再降32.2%，显示压力持续。 |
| Receivables take over 180 days to collect 应收账款周转天数超过180天 | Receivables take 198 days to collect. 应收账款周转天数为198天。 | Long collection periods tie up working capital and increase credit risk. This could strain liquidity despite strong operating cash flow in 2025. 回款周期长占用营运资金，增加信用风险。尽管2025年经营现金流改善，仍可能对流动性造成压力。 |
| Share price down 40% or more in a year 股价一年下跌40%或以上 | Share price fell 42.1% over one year. 过去一年股价下跌42.1%。 | A sharp decline in share price reduces market confidence and financing capacity. The one-year change was -42.1%, adjusted for distributions and share changes. 股价大幅下跌削弱市场信心和融资能力。过去一年涨跌幅（复权）为-42.1%。 |
- Revenue trend in the full-year 2026 report.
2026年全年营业收入走势。 - Change in receivable days in the next financial filing.
下期财报中应收账款周转天数的变化。 - Operating cash flow per share in the full-year 2026 results.
2026年全年每股经营现金流。 - Attributable net profit in the full-year 2026 report.
2026年全年归母净利润。 - Any change in the actual controller's shareholding.
实际控制人持股比例是否有变动。 - Next distribution announcement, if any.
下一次分红公告，如有。
- Company: Haomiao Technology 浩淼科技, Beijing Stock Exchange 920856; industry Special-purpose Machinery; listed 25 Dec 2020.
公司：浩淼科技，北京证券交易所 920856；行业：专用设备；上市日期：2020年12月25日。 - Close on 24 Sep 2026 RMB11.37; close on 24 Sep 2025 RMB19.94, RMB19.64 in today's terms; one-year change, adjusted for distributions and share changes -42.1%.
2026年9月24日收盘价11.37元；2025年9月24日收盘价19.94元（前复权19.64元）；一年涨跌幅（复权）-42.1%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB8.18 to RMB21.39.
52周区间（前复权）8.18元至21.39元。 - In the last 12 months 4 trading days closed 9% or more above or below the day before (all days, not only this year). The 4 most recent of them: 24 Apr 2026 -9.0%; 12 Aug 2026 +29.9%; 18 Aug 2026 +19.8%; 19 Aug 2026 -10.5%. The longest run of them on consecutive trading days: 2 days.
近12个月共有4个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近4个：2026年4月24日 -9.0%；2026年8月12日 +29.9%；2026年8月18日 +19.8%；2026年8月19日 -10.5%。其中最长连续2个交易日。 - Market capitalisation RMB1.08bn; P/E TTM 218.6; price to book 2.34x.
总市值10.82亿元；市盈率（TTM）218.6；市净率2.34倍。 - Revenue 2025 RMB422.1m; 2024 RMB544.6m; change -22.5%.
营业收入2025年4.22亿元；2024年5.45亿元；同比-22.5%。 - Attributable net profit 2025 RMB17.4m; 2024 RMB19.0m; change -8.8%.
归属于母公司股东的净利润2025年1,735.8万元；2024年1,904.1万元；同比-8.8%。 - Net profit excluding non-recurring items, 2025 change -11.1%.
2025年扣除非经常性损益后的净利润同比-11.1%。 - Basic EPS 2025 RMB0.18; 2024 RMB0.20.
基本每股收益2025年0.18元；2024年0.20元。 - Operating cash flow per share 2025 RMB1.94; 2024 -RMB1.07; operating cash flow to net profit 10.75x.
每股经营现金流2025年1.94元；2024年-1.07元；经营现金流与净利润之比10.75倍。 - 2025 gross margin 20.4%; net margin 4.1%; ROE 3.7%.
2025年毛利率20.4%；净利率4.1%；净资产收益率3.7%。 - At 30 Jun 2026: liabilities to assets 22.6%; current ratio 4.79; quick ratio 3.51; receivable days 198; inventory days 191.
截至2026年6月30日：资产负债率22.6%；流动比率4.79；速动比率3.51；应收账款周转天数198；存货周转天数191。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB135.3m, change -32.2%; attributable net profit RMB2.8m, change -81.4%; operating cash flow per share RMB0.32.
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1.35亿元，同比-32.2%；归母净利润283.3万元，同比-81.4%；每股经营现金流0.32元。 - Ownership: actual controller 倪军,倪代红,倪红艳,倪海燕,倪世和; largest holder at 30 Jun 2026: 倪军, 19.34%.
股权：实际控制人：倪军,倪代红,倪红艳,倪海燕,倪世和；2026年6月30日第一大股东：倪军，持股19.34%。 - Latest distribution: ex-date 5 Jun 2026, cash RMB0.15 per share.
最近一次分配：除权除息日2026年6月5日，每股现金0.15元。 - Aurelian Grade C, score 51.2 of 100, graded within a peer group of 204 companies in its industry; no rank among peers is given.
金源评级C，得分51.2（满分100），于行业同业204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。