Anhui Transport Consulting & Design Institute 设计总院
4 significant filings since 30 May 2026: 1 on major contract or bid won, 1 on earnings pre-announcement and 1 on dividend, and 1 other kind. The latest, on 11 Jul 2026: 设计总院关于项目中标的公告. On 11 Jul 2026 the company said it expects net profit for the period ending 30 Jun 2026 to fall by 114.12% to 120.89% from the same period a year earlier.
自 30 May 2026 起有 4 份重大公告：major contract or bid won 1 份、earnings pre-announcement 1 份、dividend 1 份，另有 1 类。最新一份（11 Jul 2026）：设计总院关于项目中标的公告。11 Jul 2026 公司预告截至 30 Jun 2026 的净利润较上年同期下降 114.12% 至 120.89%。
As of 25 Sep 2026 截至2026年9月25日
Design Institute is an engineering consultancy listed on the Shanghai Stock Exchange since 1 Aug 2017. The company has seen declining revenue and profit, with 2025 revenue at RMB2.52bn and attributable net profit at RMB365.7m, down 28.6% and -28.7% respectively from 2024. Operating cash flow improved in 2025, reaching RMB0.70 per share versus a negative RMB0.26 in 2024. However, the first half of 2026 shows a sharp downturn: a pre-announced net loss with profit down more than 114% year-on-year. Receivables remain high, taking 385 days to collect. The company is state-controlled, with Anhui Provincial SASAC as the actual controller. Risks include falling revenue, extended receivables, and a significant profit decline.
设计总院是一家工程咨询服务公司，2017年8月1日在上海证券交易所上市。公司收入和利润持续下滑，2025年营业收入为25.23亿元，归母净利润为3.66亿元，同比分别下降28.6%和28.7%。2025年每股经营现金流为0.70元，较2024年的-0.26元改善。但2026年上半年出现明显恶化，业绩预告显示归母净利润同比下降114%至121%，由盈转亏。应收账款周转天数达385天，回款周期长。公司由安徽省人民政府国有资产监督管理委员会实际控制。主要风险包括收入下滑、应收账款回收周期长及利润大幅下降。
| 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 has declined by more than 20% year-on-year. 营业收入同比下滑超过20%。 | A sustained revenue drop may weaken the company's operating scale and long-term profitability. The decline from RMB3.53bn in 2024 to RMB2.52bn in 2025 reflects reduced business volume or pricing power. 持续的收入下滑可能削弱公司的经营规模和长期盈利能力。营业收入从2024年的35.32亿元下降至2025年的25.23亿元，反映业务量或定价能力减弱。 |
| Receivables take over 180 days to collect 应收账款周转天数超过180天 | Receivables take over 180 days to collect. 应收账款回收周期超过180天。 | Long collection periods tie up working capital and increase credit risk. At 385 days, receivables are highly illiquid and may lead to cash flow stress if payments are delayed further. 回款周期过长占用营运资金，增加信用风险。385天的应收账款周转天数表明资产流动性差，若付款进一步延迟，可能导致现金流压力。 |
| Pre-announced profit fall of more than 50% 预告净利润降幅超过50% | Profit is pre-announced to fall more than 50% year-on-year. 归母净利润预降超过50%。 | A profit decline of over 114% in the first half of 2026 signals severe operational or market challenges. The shift from profit to a loss may affect investor confidence and financing capacity. 2026年上半年归母净利润同比下降超114%，由盈转亏，显示公司面临严峻的经营或市场挑战，可能影响投资者信心和融资能力。 |
- Revenue trend in the next interim report, to see if the decline has stabilized.
下一期中期报告中的营业收入趋势，观察收入下滑是否企稳。 - Full-period 2026 attributable net profit, to confirm the extent of the loss.
2026全年归母净利润，确认亏损程度。 - Receivable days at the end of 2026, to assess collection efficiency.
2026年末应收账款周转天数，评估回款效率。 - Operating cash flow per share in 2026, to monitor liquidity health.
2026年每股经营现金流，监测流动性状况。 - Any update on litigation or regulatory actions mentioned in future filings.
未来公告中关于诉讼或监管事项的更新。 - Changes in shareholding by the controlling shareholder or actual controller.
控股股东或实际控制人持股变动情况。
- Company: Anhui Transport Consulting & Design Institute 设计总院, Shanghai Stock Exchange 603357; industry Engineering Consultancy; listed 1 Aug 2017.
公司：设计总院，上海证券交易所 603357；行业：工程咨询服务；上市日期：2017年8月1日。 - Close on 24 Sep 2026 RMB5.95; close on 24 Sep 2025 RMB8.40, RMB8.16 in today's terms; one-year change, adjusted for distributions and share changes -27.1%.
2026年9月24日收盘价5.95元；2025年9月24日收盘价8.40元（前复权8.16元）；一年涨跌幅（复权）-27.1%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB5.68 to RMB8.55.
52周区间（前复权）5.68元至8.55元。 - Market capitalisation RMB3.33bn; P/E TTM 21.0; price to book 0.86x.
总市值33.35亿元；市盈率（TTM）21.0；市净率0.86倍。 - Revenue 2025 RMB2.52bn; 2024 RMB3.53bn; change -28.6%.
营业收入2025年25.23亿元；2024年35.32亿元；同比-28.6%。 - Attributable net profit 2025 RMB365.7m; 2024 RMB513.1m; change -28.7%.
归属于母公司股东的净利润2025年3.66亿元；2024年5.13亿元；同比-28.7%。 - Net profit excluding non-recurring items, 2025 change -30.7%.
2025年扣除非经常性损益后的净利润同比-30.7%。 - Basic EPS 2025 RMB0.66; 2024 RMB0.94.
基本每股收益2025年0.66元；2024年0.94元。 - Operating cash flow per share 2025 RMB0.70; 2024 -RMB0.26; operating cash flow to net profit 1.05x.
每股经营现金流2025年0.70元；2024年-0.26元；经营现金流与净利润之比1.05倍。 - 2025 gross margin 38.5%; net margin 14.7%; ROE 9.5%.
2025年毛利率38.5%；净利率14.7%；净资产收益率9.5%。 - At 30 Jun 2026: liabilities to assets 39.4%; current ratio 2.56; quick ratio 2.56; receivable days 385; inventory days 928.
截至2026年6月30日：资产负债率39.4%；流动比率2.56；速动比率2.56；应收账款周转天数385；存货周转天数928。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB779.4m, change -40.7%; attributable net profit -RMB29.7m, change -116.8% (from a profit to a loss); operating cash flow per share -RMB0.51.
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7.79亿元，同比-40.7%；归母净利润-2,974.9万元，同比-116.8%（由盈转亏）；每股经营现金流-0.51元。 - Pre-announcement of 11 Jul 2026 for the period to 30 Jun 2026: attributable net profit change -121% to -114%.
2026年7月11日发布的截至2026年6月30日业绩预告：归母净利润同比-121%至-114%。 - Ownership: actual controller 安徽省人民政府国有资产监督管理委员会; controlling shareholder 安徽省交通控股集团有限公司; largest holder at 30 Jun 2026: 安徽省交通控股集团有限公司, 47.32%.
股权：实际控制人：安徽省人民政府国有资产监督管理委员会；控股股东：安徽省交通控股集团有限公司；2026年6月30日第一大股东：安徽省交通控股集团有限公司，持股47.32%。 - Latest distribution: ex-date 8 Jul 2026, cash RMB0.13 per share.
最近一次分配：除权除息日2026年7月8日，每股现金0.13元。 - Aurelian Grade E, score 28.7 of 100, graded within a peer group of 46 companies in its industry; no rank among peers is given.
金源评级E，得分28.7（满分100），于行业同业46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。