Jiangsu Changshu Automotive Trim Group 常熟汽饰
3 significant filings since 30 May 2026: 2 on guarantee or financial assistance and 1 on dividend. The latest, on 15 Jul 2026: 江苏常熟汽饰集团股份有限公司关于为控股子公司提供担保的进展公告.
自 30 May 2026 起有 3 份重大公告：guarantee or financial assistance 2 份、dividend 1 份。最新一份（15 Jul 2026）：江苏常熟汽饰集团股份有限公司关于为控股子公司提供担保的进展公告。
As of 25 Sep 2026 截至2026年9月25日
Jiangsu Changshu Automotive Trim Group, listed in 2017, operates in the auto parts industry. The company reported revenue growth of 25.5% in 2025, reaching RMB7.11bn, but net profit fell to RMB346.2m from RMB425.5m in 2024, a decline of 18.6%. Margins and returns remain modest, with a net margin of 4.5% and ROE of 6.7%. Operating cash flow per share dropped to RMB0.17 in 2025 from RMB0.69 in 2024, indicating weaker cash generation relative to profit. The share price has declined sharply, down 42.5% over one year, and the current ratio stands below 1 at 0.93, signaling short-term liquidity pressure. The company remains under financial scrutiny despite top-line growth.
常熟汽饰于2017年上市，属于汽车零部件行业。公司2025年营业收入达71.10亿元，同比增长25.5%，但归属于母公司股东的净利润降至3.46亿元，同比下降18.6%。毛利率和净利率分别为12.3%和4.5%，净资产收益率为6.7%。每股经营现金流由2024年的0.69元降至2025年的0.17元，经营现金流与净利润之比为0.20倍，显示盈利现金保障减弱。股价一年内下跌42.5%，截至2026年6月30日流动比率0.93，低于1，短期偿债能力承压。尽管收入增长，公司仍面临财务压力。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Current ratio below 1: current liabilities exceed current assets 流动比率低于1：流动负债超过流动资产 | Current liabilities exceed current assets. 流动负债超过流动资产。 | With a current ratio of 0.93, the company has less current assets than current liabilities, which may impair its ability to meet short-term obligations without additional financing or asset liquidation. This could increase financial stress, especially if receivables or inventory cannot be converted to cash quickly. 流动比率0.93，表明流动资产不足以覆盖流动负债，可能影响公司偿还短期债务的能力，若应收账款或存货无法及时变现，财务压力可能上升。 |
| Share price down 40% or more in a year 股价一年下跌40%或以上 | Share price has fallen more than 40% in one year. 股价一年内下跌超过40%。 | The share price declined from RMB18.33 to RMB10.54 over one year, a drop of 42.5%. A sustained low valuation could limit access to equity financing and affect market confidence. 股价由18.33元降至10.54元，一年内下跌42.5%。持续低估值可能限制股权融资能力并影响市场信心。 |
- Change in attributable net profit for the full year 2026 compared to 2025.
2026全年归属于母公司股东的净利润较2025年的变动情况。 - Operating cash flow to net profit ratio in the 2026 annual report.
2026年年报中经营现金流与净利润之比。 - Receivable days and inventory days as of 31 Dec 2026.
截至2026年12月31日的应收账款周转天数和存货周转天数。 - Liabilities to assets ratio at year-end 2026.
2026年末资产负债率。 - Revenue growth rate in the second half of 2026 compared to the first half.
2026年下半年营业收入增速与上半年的比较。 - Any change in the shareholding percentage of controlling shareholder 罗小春.
控股股东罗小春的持股比例是否发生变化。
- Company: Jiangsu Changshu Automotive Trim Group 常熟汽饰, Shanghai Stock Exchange 603035; industry Auto Parts; listed 5 Jan 2017.
公司：常熟汽饰，上海证券交易所 603035；行业：汽车零部件；上市日期：2017年1月5日。 - Close on 24 Sep 2026 RMB10.54; close on 24 Sep 2025 RMB18.58, RMB18.33 in today's terms; one-year change, adjusted for distributions and share changes -42.5%.
2026年9月24日收盘价10.54元；2025年9月24日收盘价18.58元（前复权18.33元）；一年涨跌幅（复权）-42.5%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB10.03 to RMB18.64.
52周区间（前复权）10.03元至18.64元。 - In the last 12 months 1 trading days closed 9% or more above or below the day before (all days, not only this year). The 1 most recent of them: 23 Sep 2025 +10.0%.
近12个月共有1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1个：2025年9月23日 +10.0%。 - Market capitalisation RMB3.86bn; P/E TTM 15.7; price to book 0.72x.
总市值38.61亿元；市盈率（TTM）15.7；市净率0.72倍。 - Revenue 2025 RMB7.11bn; 2024 RMB5.67bn; change +25.5%.
营业收入2025年71.10亿元；2024年56.67亿元；同比+25.5%。 - Attributable net profit 2025 RMB346.2m; 2024 RMB425.5m; change -18.6%.
归属于母公司股东的净利润2025年3.46亿元；2024年4.25亿元；同比-18.6%。 - Net profit excluding non-recurring items, 2025 change -22.5%.
2025年扣除非经常性损益后的净利润同比-22.5%。 - Basic EPS 2025 RMB0.94; 2024 RMB1.12.
基本每股收益2025年0.94元；2024年1.12元。 - Operating cash flow per share 2025 RMB0.17; 2024 RMB0.69; operating cash flow to net profit 0.20x.
每股经营现金流2025年0.17元；2024年0.69元；经营现金流与净利润之比0.20倍。 - 2025 gross margin 12.3%; net margin 4.5%; ROE 6.7%.
2025年毛利率12.3%；净利率4.5%；净资产收益率6.7%。 - At 30 Jun 2026: liabilities to assets 54.4%; current ratio 0.93; quick ratio 0.76; receivable days 145; inventory days 55.
截至2026年6月30日：资产负债率54.4%；流动比率0.93；速动比率0.76；应收账款周转天数145；存货周转天数55。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB3.49bn, change +25.6%; attributable net profit RMB116.6m, change -46.1%; operating cash flow per share RMB0.71.
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34.91亿元，同比+25.6%；归母净利润1.17亿元，同比-46.1%；每股经营现金流0.71元。 - Ownership: actual controller 罗小春,王卫清,常熟春秋企业管理咨询有限公司; controlling shareholder 罗小春; largest holder at 30 Jun 2026: 罗小春, 29.70%.
股权：实际控制人：罗小春,王卫清,常熟春秋企业管理咨询有限公司；控股股东：罗小春；2026年6月30日第一大股东：罗小春，持股29.70%。 - Latest distribution: ex-date 9 Jun 2026, cash RMB0.16 per share.
最近一次分配：除权除息日2026年6月9日，每股现金0.16元。 - Aurelian Grade D, score 44.0 of 100, graded within a peer group of 275 companies in its industry; no rank among peers is given.
金源评级D，得分44.0（满分100），于行业同业275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。