Warom 华荣股份
18 significant filings since 29 May 2026: 8 on buyback, 4 on guarantee or financial assistance and 3 on dividend, and 2 other kinds. The latest, on 2 Sep 2026: 关于为控股孙公司提供担保进展的公告.
自 29 May 2026 起有 18 份重大公告：buyback 8 份、guarantee or financial assistance 4 份、dividend 3 份，另有 2 类。最新一份（2 Sep 2026）：关于为控股孙公司提供担保进展的公告。
As of 25 Sep 2026 截至2026年9月25日
Warom, listed in 2017, operates in the special-purpose machinery industry. The company reported lower revenue and profit in 2025 compared to 2024, with revenue at RMB3.22bn and attributable net profit at RMB369.9m, down 18.8% and 20.0% respectively. Margins remained stable, with a 51.2% gross margin and 11.8% net margin. Operating cash flow per share fell to RMB0.43 from RMB1.59, and the operating cash flow to net profit ratio was 0.38x, indicating weaker cash generation. As of 30 Jun 2026, the balance sheet shows a liabilities to assets ratio of 52.5%, with current and quick ratios of 1.55 and 1.21. Receivables and inventory are high, with 235 and 248 days respectively. The first half of 2026 showed improved trends in profit and revenue decline. The actual controller is 胡志荣, who holds 34.21%.
华荣股份于2017年上市，属于专用设备行业。公司2025年营业收入为32.18亿元，归母净利润为3.70亿元，较2024年的39.64亿元和4.62亿元分别下降18.8%和20.0%。毛利率为51.2%，净利率为11.8%，保持稳定。每股经营现金流由2024年的1.59元降至2025年的0.43元，经营现金流与净利润之比为0.38倍，显示盈利现金转化能力减弱。截至2026年6月30日，资产负债率为52.5%，流动比率1.55，速动比率1.21，应收账款周转天数235天，存货周转天数248天，均处于较高水平。2026年上半年收入与利润同比降幅收窄。实际控制人胡志荣为第一大股东，持股34.21%。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| 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. 应收账款周转天数超过180天。 | Long collection periods increase credit risk and tie up working capital, potentially straining liquidity. At 235 days, receivables are slow to convert to cash, which may affect operational funding. 回款周期长会增加信用风险并占用营运资金，可能影响流动性。235天的周转天数表明应收账款变现缓慢，可能影响运营资金。 |
- Change in receivable days in the next interim report.
下一期中期报告中的应收账款周转天数变化。 - Operating cash flow per share in the 2026 full-year report.
2026年年报中的每股经营现金流。 - Attributable net profit change in the 2026 full-year report.
2026年年报中归母净利润的变动情况。
- Company: Warom 华荣股份, Shanghai Stock Exchange 603855; industry Special-purpose Machinery; listed 24 May 2017.
公司：华荣股份，上海证券交易所 603855；行业：专用设备；上市日期：2017年5月24日。 - Close on 24 Sep 2026 RMB16.94; close on 24 Sep 2025 RMB20.48, RMB19.32 in today's terms; one-year change, adjusted for distributions and share changes -12.3%.
2026年9月24日收盘价16.94元；2025年9月24日收盘价20.48元（前复权19.32元）；一年涨跌幅（复权）-12.3%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB15.60 to RMB19.72.
52周区间（前复权）15.60元至19.72元。 - Market capitalisation RMB5.72bn; P/E TTM 15.9; price to book 2.47x.
总市值57.17亿元；市盈率（TTM）15.9；市净率2.47倍。 - Revenue 2025 RMB3.22bn; 2024 RMB3.96bn; change -18.8%.
营业收入2025年32.18亿元；2024年39.64亿元；同比-18.8%。 - Attributable net profit 2025 RMB369.9m; 2024 RMB462.3m; change -20.0%.
归属于母公司股东的净利润2025年3.70亿元；2024年4.62亿元；同比-20.0%。 - Net profit excluding non-recurring items, 2025 change -21.0%.
2025年扣除非经常性损益后的净利润同比-21.0%。 - Basic EPS 2025 RMB1.10; 2024 RMB1.37.
基本每股收益2025年1.10元；2024年1.37元。 - Operating cash flow per share 2025 RMB0.43; 2024 RMB1.59; operating cash flow to net profit 0.38x.
每股经营现金流2025年0.43元；2024年1.59元；经营现金流与净利润之比0.38倍。 - 2025 gross margin 51.2%; net margin 11.8%; ROE 17.5%.
2025年毛利率51.2%；净利率11.8%；净资产收益率17.5%。 - At 30 Jun 2026: liabilities to assets 52.5%; current ratio 1.55; quick ratio 1.21; receivable days 235; inventory days 248.
截至2026年6月30日：资产负债率52.5%；流动比率1.55；速动比率1.21；应收账款周转天数235；存货周转天数248。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB1.43bn, change -12.8%; attributable net profit RMB186.8m, change -5.6%; operating cash flow per share RMB0.35.
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14.29亿元，同比-12.8%；归母净利润1.87亿元，同比-5.6%；每股经营现金流0.35元。 - Ownership: actual controller 胡志荣; largest holder at 30 Jun 2026: 胡志荣, 34.21%.
股权：实际控制人：胡志荣；2026年6月30日第一大股东：胡志荣，持股34.21%。 - Latest distribution: ex-date 3 Jul 2026, cash RMB1.00 per share.
最近一次分配：除权除息日2026年7月3日，每股现金1.00元。 - Aurelian Grade C, score 59.3 of 100, graded within a peer group of 204 companies in its industry; no rank among peers is given.
金源评级C，得分59.3（满分100），于行业同业204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。