Cig Shanghai 剑桥科技
11 significant filings since 29 May 2026: 4 on equity incentive, 3 on dividend and 2 on major holder selling, and 2 other kinds. The latest, on 2 Sep 2026: 2026年半年度A股权益分派实施公告.
自 29 May 2026 起有 11 份重大公告：equity incentive 4 份、dividend 3 份、major holder selling 2 份，另有 2 类。最新一份（2 Sep 2026）：2026年半年度A股权益分派实施公告。
As of 25 Sep 2026 截至2026年9月25日
Cig Shanghai 剑桥科技, listed in 2017, operates in the telecom equipment industry. The company reported revenue of RMB4.82bn in 2025, up 32.1% from RMB3.65bn in 2024. Attributable net profit rose to RMB263.5m from RMB166.7m, a +58.1% increase. Profit quality is weak, with operating cash flow per share at -RMB1.33 in 2025, compared to RMB2.10 in 2024. The operating cash flow to net profit ratio was -2.11x. As of 30 Jun 2026, the company had a healthy balance sheet with a liabilities to assets ratio of 30.9%, current ratio of 2.75 and quick ratio of 1.89. Receivable days were 154 and inventory days 268. In the first half of 2026, profit grew and cash outflows were -RMB3.02 per share.
剑桥科技于2017年上市，属于通信设备行业。2025年营业收入为48.23亿元，较2024年的36.52亿元同比上升32.1%。归属于母公司股东的净利润增至2.63亿元，较1.67亿元增长58.1%。盈利质量偏弱，2025年每股经营现金流为-1.33元，2024年为2.10元，经营现金流与净利润之比为-2.11倍。截至2026年6月30日，资产负债率为30.9%，流动比率2.75，速动比率1.89，应收账款周转天数154天，存货周转天数268天。2026年上半年归母净利润同比增长，每股经营现金流为-3.02元。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Operating cash outflow 经营现金净流出 | The company faces operating cash outflows. 公司面临经营现金流净流出。 | Operating cash flow per share was -RMB1.33 in 2025 and was -RMB3.02 in the first half of 2026. This outflow indicates the company is generating losses in cash terms despite reporting profit, which could strain liquidity if sustained. 2025年每股经营现金流为-1.33元，2026年上半年为-3.02元。该流出表明公司虽盈利但现金生成为负，若持续可能对流动性造成压力。 |
- Operating cash flow per share in the 2026 full-year report
2026年全年报告中的每股经营现金流 - Attributable net profit growth in 2026 compared to 2025
2026年归母净利润较2025年的增长情况 - 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 - Change in revenue for full-year 2026 versus 2025
2026全年营业收入相比2025年的变动 - Net profit excluding non-recurring items in 2026
2026年扣除非经常性损益后的净利润
- Company: Cig Shanghai 剑桥科技, Shanghai Stock Exchange 603083; industry Telecom Equipment; listed 10 Nov 2017.
公司：剑桥科技，上海证券交易所 603083；行业：通信设备；上市日期：2017年11月10日。 - Close on 24 Sep 2026 RMB209.63; close on 24 Sep 2025 RMB113.52, RMB113.30 in today's terms; one-year change, adjusted for distributions and share changes +85.0%.
2026年9月24日收盘价209.63元；2025年9月24日收盘价113.52元（前复权113.30元）；一年涨跌幅（复权）+85.0%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB94.13 to RMB262.10.
52周区间（前复权）94.13元至262.10元。 - In the last 12 months 26 trading days closed 9% or more above or below the day before (all days, not only this year). The 5 most recent of them: 4 Aug 2026 +10.0%; 14 Aug 2026 +10.0%; 19 Aug 2026 -10.0%; 26 Aug 2026 +10.0%; 7 Sep 2026 +10.0%. The longest run of them on consecutive trading days: 2 days.
近12个月共有26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5个：2026年8月4日 +10.0%；2026年8月14日 +10.0%；2026年8月19日 -10.0%；2026年8月26日 +10.0%；2026年9月7日 +10.0%。其中最长连续2个交易日。 - Market capitalisation RMB77.20bn; P/E TTM 164.1; price to book 8.24x.
总市值771.96亿元；市盈率（TTM）164.1；市净率8.24倍。 - Revenue 2025 RMB4.82bn; 2024 RMB3.65bn; change +32.1%.
营业收入2025年48.23亿元；2024年36.52亿元；同比+32.1%。 - Attributable net profit 2025 RMB263.5m; 2024 RMB166.7m; change +58.1%.
归属于母公司股东的净利润2025年2.63亿元；2024年1.67亿元；同比+58.1%。 - Net profit excluding non-recurring items, 2025 change +71.1%.
2025年扣除非经常性损益后的净利润同比+71.1%。 - Basic EPS 2025 RMB0.94; 2024 RMB0.62.
基本每股收益2025年0.94元；2024年0.62元。 - Operating cash flow per share 2025 -RMB1.33; 2024 RMB2.10; operating cash flow to net profit -2.11x.
每股经营现金流2025年-1.33元；2024年2.10元；经营现金流与净利润之比-2.11倍。 - 2025 gross margin 22.3%; net margin 4.6%; ROE 8.2%.
2025年毛利率22.3%；净利率4.6%；净资产收益率8.2%。 - At 30 Jun 2026: liabilities to assets 30.9%; current ratio 2.75; quick ratio 1.89; receivable days 154; inventory days 268.
截至2026年6月30日：资产负债率30.9%；流动比率2.75；速动比率1.89；应收账款周转天数154；存货周转天数268。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB2.71bn, change +32.9%; attributable net profit RMB327.7m, change +171.1%; operating cash flow per share -RMB3.02.
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27.05亿元，同比+32.9%；归母净利润3.28亿元，同比+171.1%；每股经营现金流-3.02元。 - Ownership: actual controller Gerald G Wong; controlling shareholder Cambridge Industries Company Limited; largest holder at 30 Jun 2026: HKSCC NOMINEES LIMITED, 25.16%.
股权：实际控制人：Gerald G Wong；控股股东：Cambridge Industries Company Limited；2026年6月30日第一大股东：HKSCC NOMINEES LIMITED，持股25.16%。 - Latest distribution: ex-date 8 Sep 2026, cash RMB0.09 per share.
最近一次分配：除权除息日2026年9月8日，每股现金0.09元。 - Aurelian Grade C, score 51.8 of 100, graded within a peer group of 89 companies in its industry; no rank among peers is given.
金源评级C，得分51.8（满分100），于行业同业89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。