Flat 福莱特
20 significant filings since 29 May 2026: 4 on share issue, 3 on guarantee or financial assistance and 3 on equity incentive, and 5 other kinds. The latest, on 8 Sep 2026: 福莱特玻璃集团股份有限公司股东及董高减持股份计划公告.
自 29 May 2026 起有 20 份重大公告：share issue 4 份、guarantee or financial assistance 3 份、equity incentive 3 份，另有 5 类。最新一份（8 Sep 2026）：福莱特玻璃集团股份有限公司股东及董高减持股份计划公告。
As of 25 Sep 2026 截至2026年9月25日
Flat 福莱特 is a solar power equipment company listed on the Shanghai Stock Exchange since 15 Feb 2019. The company reported lower revenue and a narrowed attributable net profit in 2025, with net profit excluding non-recurring items rising slightly. Operating cash flow per share was above net profit in 2025, indicating strong cash generation. However, the first half of 2026 saw a significant downturn, with profit turning into a loss. The share price has declined sharply over the past year, falling 45.6% on a total return basis. Liquidity ratios remain above 1, and the balance sheet is stable as of mid-2026. The largest shareholder is HKSCC NOMINEES LIMITED, holding 18.85%. No major acquisitions were disclosed in the past year.
福莱特是一家光伏设备公司，于2019年2月15日在上海证券交易所上市。2025年公司营业收入下降，归母净利润小幅收窄，扣非净利润同比上升。每股经营现金流高于净利润，显示现金生成能力较强。但2026年上半年出现明显下滑，归母净利润由盈转亏。过去一年股价大幅下跌，复权后跌幅达45.6%。截至2026年中，流动比率和速动比率均高于1，资产负债率47.6%，财务结构稳定。第一大股东为HKSCC NOMINEES LIMITED，持股18.85%。近一年未披露重大收购事项。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Share price down 40% or more in a year 股价一年下跌40%或以上 | The share price has fallen more than 40% over the past year. 过去一年股价跌幅超过40%。 | The share price fell 45.6% over the past year on a total return basis. A lower market valuation could affect the company's ability to raise capital in equity markets. 过去一年股价复权跌幅为45.6%。市场估值下降可能影响公司通过股权市场融资的能力。 |
- Whether the attributable net profit for the full year 2026 returns to profitability.
2026全年归母净利润是否重回盈利。 - Change in receivable days and inventory days in the 2026 annual report.
2026年报中应收账款周转天数和存货周转天数的变化。 - Operating cash flow per share in the 2026 full-year results.
2026全年每股经营现金流。
- Company: Flat 福莱特, Shanghai Stock Exchange 601865; industry Solar Power Equipment; listed 15 Feb 2019.
公司：福莱特，上海证券交易所 601865；行业：光伏设备；上市日期：2019年2月15日。 - Close on 24 Sep 2026 RMB9.27; close on 24 Sep 2025 RMB17.27, RMB17.03 in today's terms; one-year change, adjusted for distributions and share changes -45.6%.
2026年9月24日收盘价9.27元；2025年9月24日收盘价17.27元（前复权17.03元）；一年涨跌幅（复权）-45.6%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB9.00 to RMB19.48.
52周区间（前复权）9.00元至19.48元。 - In the last 12 months 2 trading days closed 9% or more above or below the day before (all days, not only this year). The 2 most recent of them: 3 Aug 2026 +10.0%; 7 Aug 2026 +10.0%. No two of the 2 fell on consecutive trading days.
近12个月共有2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2个：2026年8月3日 +10.0%；2026年8月7日 +10.0%。其中任意两个交易日均不相邻。 - Market capitalisation RMB21.72bn; P/E TTM 60.9; price to book 1.03x.
总市值217.19亿元；市盈率（TTM）60.9；市净率1.03倍。 - Revenue 2025 RMB15.57bn; 2024 RMB18.68bn; change -16.7%.
营业收入2025年155.67亿元；2024年186.83亿元；同比-16.7%。 - Attributable net profit 2025 RMB980.6m; 2024 RMB1.01bn; change -2.6%.
归属于母公司股东的净利润2025年9.81亿元；2024年10.07亿元；同比-2.6%。 - Net profit excluding non-recurring items, 2025 change +1.8%.
2025年扣除非经常性损益后的净利润同比+1.8%。 - Basic EPS 2025 RMB0.42; 2024 RMB0.43.
基本每股收益2025年0.42元；2024年0.43元。 - Operating cash flow per share 2025 RMB1.24; 2024 RMB2.52; operating cash flow to net profit 2.93x.
每股经营现金流2025年1.24元；2024年2.52元；经营现金流与净利润之比2.93倍。 - 2025 gross margin 16.9%; net margin 6.4%; ROE 4.4%.
2025年毛利率16.9%；净利率6.4%；净资产收益率4.4%。 - At 30 Jun 2026: liabilities to assets 47.6%; current ratio 1.31; quick ratio 1.11; receivable days 73; inventory days 52.
截至2026年6月30日：资产负债率47.6%；流动比率1.31；速动比率1.11；应收账款周转天数73；存货周转天数52。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB6.67bn, change -13.8%; attributable net profit -RMB363.0m, change -239.0% (from a profit to a loss); operating cash flow per share RMB0.57.
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66.68亿元，同比-13.8%；归母净利润-3.63亿元，同比-239.0%（由盈转亏）；每股经营现金流0.57元。 - Ownership: actual controller 阮洪良,阮泽云,姜瑾华,赵晓非; largest holder at 30 Jun 2026: HKSCC NOMINEES LIMITED, 18.85%.
股权：实际控制人：阮洪良,阮泽云,姜瑾华,赵晓非；2026年6月30日第一大股东：HKSCC NOMINEES LIMITED，持股18.85%。 - Latest distribution: ex-date 18 Jun 2026, cash RMB0.15 per share.
最近一次分配：除权除息日2026年6月18日，每股现金0.15元。 - Acquisitions and equity transfers filed in the last 12 months: 1; largest consideration not shown.
近12个月披露的收购与股权转让：1项；最大对价未披露。 - Aurelian Grade C, score 53.2 of 100, graded within a peer group of 69 companies in its industry; no rank among peers is given.
金源评级C，得分53.2（满分100），于行业同业69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。