Keda Technology 苏州科达
2 significant filings since 30 May 2026: 1 on buyback and 1 on earnings pre-announcement. The latest, on 29 Aug 2026: 关于出售已回购股份计划的公告. On 10 Jul 2026 the company said it expects net profit for the period ending 30 Jun 2026 to fall by 24.51% to 52.17% from the same period a year earlier.
自 30 May 2026 起有 2 份重大公告：buyback 1 份、earnings pre-announcement 1 份。最新一份（29 Aug 2026）：关于出售已回购股份计划的公告。10 Jul 2026 公司预告截至 30 Jun 2026 的净利润较上年同期下降 24.51% 至 52.17%。
As of 25 Sep 2026 截至2026年9月25日
Keda Technology 苏州科达, listed on the Shanghai Stock Exchange, operates in the computer hardware industry. The company has faced significant financial challenges, with a widening net loss in 2025 and declining revenue. Its attributable net profit fell to -RMB495.0m from -RMB203.5m in 2024, while revenue dropped to RMB1.05bn from RMB1..33bn. Operating cash flow remains negative, and the company continues to report cash outflows per share. Key risks include sustained losses, weak cash generation, shrinking revenue, and prolonged receivable collection periods exceeding 180 days. Despite a market capitalisation of RMB5.51bn and a price-to-book ratio of 9.33x, the company's fundamentals show deterioration. Recent share price performance shows a one-year gain of 18.4%, but high volatility is evident, with seven trading days of 9% or more movement in the past year. The only recent critical filing relates to litigation disclosures.
苏州科达是一家在上海证券交易所上市的计算机设备行业公司。公司面临显著的财务压力，2025年归母净利润亏损扩大，收入持续下滑。归母净利润由2024年的-2.03亿元降至2025年的-4.95亿元，营业收入从13.31亿元降至10.46亿元。经营现金流持续为负，每股经营现金流为-0.02元。主要风险包括持续亏损、现金流疲弱、收入大幅下降以及应收账款周转天数超过180天。尽管总市值为55.09亿元，市净率达9.33倍，但基本面持续恶化。近期股价一年涨幅+18.4%，但波动剧烈，近12个月有7个交易日涨跌幅达9%及以上。最近12个月仅有一份重大公告，涉及诉讼事项披露。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Attributable net loss in 2025 2025年归母净利润亏损 | The company reported an attributable net loss in 2025. 公司2025年归属于母公司股东的净利润为亏损。 | A net loss of -RMB495.0m in 2025, compared to -RMB203.5m in 2024, reflects deteriorating profitability and could weaken the company's equity base. This trend may limit its ability to invest or withstand further downturns. 2025年归母净利润为-4.95亿元，较2024年的-2.03亿元亏损扩大，显示盈利能力持续恶化，可能削弱公司净资产基础，限制其投资能力或抗风险能力。 |
| Operating cash outflow 经营现金净流出 | The company generated negative operating cash flow in 2025. 公司2025年经营性现金流为净流出。 | Operating cash flow per share was -RMB0.02 in 2025, compared to -RMB0.48 in 2024, indicating continued cash outflows from core operations. This may constrain liquidity and increase reliance on external financing. 2025年每股经营现金流为-0.02元，2024年为-0.48元，显示主营业务持续产生现金净流出，可能影响流动性，增加对外部融资的依赖。 |
| Revenue down 20% or more on the year before 营业收入同比下降20%或以上 | Revenue declined by 20% or more year-on-year in 2025. 公司2025年营业收入同比下滑20%以上。 | Revenue fell from RMB1.33bn in 2024 to RMB1.05bn in 2025, a drop of 21.4%. Such a decline may signal weakening demand, competitive pressures, or operational issues affecting top-line performance. 营业收入从2024年的13.31亿元降至2025年的10.46亿元，同比下滑21.4%，可能反映市场需求疲软、竞争加剧或运营问题影响主营业务收入。 |
| 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. 公司应收账款周转天数超过180天。 | At 191 days as of 30 Jun 2026, receivable days exceed the 180-day threshold, indicating slow collection. This ties up working capital and increases credit risk. 截至2026年6月30日，应收账款周转天数为191天，超过180天阈值，显示回款速度慢，占用营运资金，增加信用风险。 |
- Change in attributable net profit for the full year 2026 compared to 2025.
2026全年归母净利润较2025年的变动情况。 - Operating cash flow per share in the 2026 annual report.
2026年年报中的每股经营现金流。 - Revenue trend in the 2026 full-year results.
2026年全年营业收入的变化趋势。 - Receivable days as of 31 Dec 2026 in the next balance sheet.
下一期资产负债表中截至2026年12月31日的应收账款周转天数。 - Update on litigation matters in future disclosures.
未来公告中关于诉讼事项的进展。 - Any change in the actual controller's shareholding percentage.
实际控制人持股比例的变动情况。
- Company: Keda Technology 苏州科达, Shanghai Stock Exchange 603660; industry Computer Hardware; listed 1 Dec 2016.
公司：苏州科达，上海证券交易所 603660；行业：计算机设备；上市日期：2016年12月1日。 - Close on 24 Sep 2026 RMB9.64; close on 24 Sep 2025 RMB8.14; one-year change +18.4%.
2026年9月24日收盘价9.64元；2025年9月24日收盘价8.14元；一年涨跌幅+18.4%。 - 52-week range RMB7.71 to RMB13.87.
52周区间7.71元至13.87元。 - In the last 12 months 7 trading days closed 9% or more above or below the day before (all days, not only this year). The 5 most recent of them: 13 Jul 2026 -10.0%; 17 Jul 2026 -10.0%; 27 Jul 2026 +10.0%; 30 Jul 2026 +10.0%; 7 Aug 2026 +10.0%. No two of the 7 fell on consecutive trading days.
近12个月共有7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7月13日 -10.0%；2026年7月17日 -10.0%；2026年7月27日 +10.0%；2026年7月30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 RMB5.51bn; P/E TTM not meaningful (loss-making); price to book 9.33x.
总市值55.09亿元；市盈率（TTM）不适用（亏损）；市净率9.33倍。 - Revenue 2025 RMB1.05bn; 2024 RMB1.33bn; change -21.4%.
营业收入2025年10.46亿元；2024年13.31亿元；同比-21.4%。 - Attributable net profit 2025 -RMB495.0m; 2024 -RMB203.5m; change -143.3% (the loss widened).
归属于母公司股东的净利润2025年-4.95亿元；2024年-2.03亿元；同比-143.3%（亏损扩大）。 - Net profit excluding non-recurring items, 2025 change -138.3%.
2025年扣除非经常性损益后的净利润同比-138.3%。 - Basic EPS 2025 -RMB0.90; 2024 -RMB0.40.
基本每股收益2025年-0.90元；2024年-0.40元。 - Operating cash flow per share 2025 -RMB0.02; 2024 -RMB0.48.
每股经营现金流2025年-0.02元；2024年-0.48元。 - 2025 gross margin 52.2%; net margin -47.4%; ROE -54.6%.
2025年毛利率52.2%；净利率-47.4%；净资产收益率-54.6%。 - At 30 Jun 2026: liabilities to assets 62.5%; current ratio 1.18; quick ratio 0.77; receivable days 191; inventory days 453.
截至2026年6月30日：资产负债率62.5%；流动比率1.18；速动比率0.77；应收账款周转天数191；存货周转天数453。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB370.1m, change -22.1%; attributable net profit -RMB288.0m, change -32.8% (the loss widened); operating cash flow per share -RMB0.34.
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3.70亿元，同比-22.1%；归母净利润-2.88亿元，同比-32.8%（亏损扩大）；每股经营现金流-0.34元。 - Pre-announcement of 10 Jul 2026 for the period to 30 Jun 2026: attributable net profit change -52% to -25%.
2026年7月10日发布的截至2026年6月30日业绩预告：归母净利润同比-52%至-25%。 - In the 12 months to 25 Sep 2026: 1 distinct filing classed critical, high or as a lift; by class: 1 filing classed Litigation. One filing can fall in more than one class, and several filings can concern one matter, such as the notice and the result of one auction.
截至2026年9月25日的近12个月：被归为重大、较高级别或解除类的公告共1份；按类别：归为诉讼仲裁的公告1份。同一公告可属多个类别，同一事项亦可有多份公告，例如同一拍卖的提示公告与结果公告。 - 6 Jan 2026, Litigation (high): filing titled 《关于累计诉讼、仲裁事项的公告》.
2026年1月6日，诉讼仲裁：公告《关于累计诉讼、仲裁事项的公告》。 - Ownership: actual controller 陈冬根; largest holder at 30 Jun 2026: 陈冬根, 18.18%.
股权：实际控制人：陈冬根；2026年6月30日第一大股东：陈冬根，持股18.18%。 - No distribution is held in this database, which begins on 1 Jan 2026; earlier distributions are not shown.
本数据库自2026年1月1日起记录，其中无该公司的分配记录；此前的分配未予显示。 - Aurelian Grade E, score 22.2 of 100, graded within a peer group of 89 companies in its industry; no rank among peers is given.
金源评级E，得分22.2（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。