Huasheng 华生科技
3 significant filings since 1 Jun 2026: 1 on earnings pre-announcement, 1 on major holder selling and 1 on dividend. The latest, on 15 Jul 2026: 2026年半年度业绩预亏公告.
自 1 Jun 2026 起有 3 份重大公告：earnings pre-announcement 1 份、major holder selling 1 份、dividend 1 份。最新一份（15 Jul 2026）：2026年半年度业绩预亏公告。
Price History 价格走势
1,313 trading days 个交易日 · High 最高 ¥25.08 · Low 最低 ¥7.22As of 25 Sep 2026 截至2026年9月25日
Huasheng 华生科技 is a textile manufacturing company listed on the Shanghai Stock Exchange since 30 Apr 2021. The company reported a decline in attributable net profit from RMB49.4m in 2024 to RMB26.2m in 2025, with revenue slightly down at RMB349.1m from RMB351.8m. Profit margins and returns weakened, with ROE at 2.3% and net margin at 7.5%. Operating cash flow per share improved to RMB0.37 from RMB0.02, exceeding net profit. However, the first half of 2026 showed a loss of -RMB2.8m, reversing from profit. Receivables remain a concern, taking 226 days to collect. The company has a low P/E of 4,222.3 and a market capitalisation of RMB2.41bn. Ownership is concentrated with controlling shareholder 蒋瑜慧 holding 37.41%.
华生科技是一家纺织制造企业，于2021年4月30日在上交所上市。2025年归母净利润从2024年的4,942.3万元下降至2,621.4万元，营业收入从3.52亿元微降至3.49亿元。毛利率为23.2%，净利率7.5%，净资产收益率2.3%。每股经营现金流由0.02元升至0.37元，现金生成能力优于净利润。但2026年上半年转为亏损，归母净利润为-277.1万元。应收账款周转天数达226天，回款周期较长。公司市盈率（TTM）为4,222.3，总市值24.13亿元。控股股东蒋瑜慧持股37.41%。
| 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 tie up working capital and increase credit risk. At 226 days, receivables may strain liquidity if cash inflows delay further. This could affect operations if not offset by strong cash reserves or financing. 回款周期长会占用营运资金并增加信用风险。226天的周转天数若进一步延长，可能因现金流入延迟而影响流动性。若无充足现金储备或融资支持，可能影响正常经营。 |
- Whether the first-half 2026 loss of -RMB2.8m reverses to profit in the full-year 2026 results.
2026年上半年-277.1万元的亏损是否在2026年全年转为盈利。 - Change in receivable days from 226 at 30 Jun 2026 in the next available report.
2026年6月30日226天的应收账款周转天数在下一期报告中的变化。 - Operating cash flow per share trend from -RMB0.25 in the first half of 2026.
2026年上半年每股经营现金流-0.25元的后续走势。
- Company: Huasheng 华生科技, Shanghai Stock Exchange 605180; industry Textile Manufacturing; listed 30 Apr 2021.
公司：华生科技，上海证券交易所 605180；行业：纺织制造；上市日期：2021年4月30日。 - Close on 24 Sep 2026 RMB14.28; close on 24 Sep 2025 RMB14.95, RMB14.88 in today's terms; one-year change, adjusted for distributions and share changes -4.0%.
2026年9月24日收盘价14.28元；2025年9月24日收盘价14.95元（前复权14.88元）；一年涨跌幅（复权）-4.0%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB10.15 to RMB16.52.
52周区间（前复权）10.15元至16.52元。 - In the last 12 months 2 trading days closed 9% or more above or below the day before (all days, not only this year). The 2 most recent of them: 22 May 2026 +10.0%; 17 Aug 2026 +10.0%. No two of the 2 fell on consecutive trading days.
近12个月共有2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2个：2026年5月22日 +10.0%；2026年8月17日 +10.0%。其中任意两个交易日均不相邻。 - Market capitalisation RMB2.41bn; P/E TTM 4,222.3; price to book 2.14x.
总市值24.13亿元；市盈率（TTM）4,222.3；市净率2.14倍。 - Revenue 2025 RMB349.1m; 2024 RMB351.8m; change -0.8%.
营业收入2025年3.49亿元；2024年3.52亿元；同比-0.8%。 - Attributable net profit 2025 RMB26.2m; 2024 RMB49.4m; change -47.0%.
归属于母公司股东的净利润2025年2,621.4万元；2024年4,942.3万元；同比-47.0%。 - Net profit excluding non-recurring items, 2025 change -54.7%.
2025年扣除非经常性损益后的净利润同比-54.7%。 - Basic EPS 2025 RMB0.16; 2024 RMB0.29.
基本每股收益2025年0.16元；2024年0.29元。 - Operating cash flow per share 2025 RMB0.37; 2024 RMB0.02; operating cash flow to net profit 2.39x.
每股经营现金流2025年0.37元；2024年0.02元；经营现金流与净利润之比2.39倍。 - 2025 gross margin 23.2%; net margin 7.5%; ROE 2.3%.
2025年毛利率23.2%；净利率7.5%；净资产收益率2.3%。 - At 30 Jun 2026: liabilities to assets 12.1%; current ratio 3.62; quick ratio 2.93; receivable days 226; inventory days 110.
截至2026年6月30日：资产负债率12.1%；流动比率3.62；速动比率2.93；应收账款周转天数226；存货周转天数110。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB202.8m, change +18.8%; attributable net profit -RMB2.8m, change -112.1% (from a profit to a loss); operating cash flow per share -RMB0.25.
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2.03亿元，同比+18.8%；归母净利润-277.1万元，同比-112.1%（由盈转亏）；每股经营现金流-0.25元。 - Ownership: actual controller 蒋瑜慧,蒋生华,王明珍; controlling shareholder 蒋瑜慧; largest holder at 30 Jun 2026: 蒋瑜慧, 37.41%.
股权：实际控制人：蒋瑜慧,蒋生华,王明珍；控股股东：蒋瑜慧；2026年6月30日第一大股东：蒋瑜慧，持股37.41%。 - Latest distribution: ex-date 16 Jun 2026, cash RMB0.07 per share.
最近一次分配：除权除息日2026年6月16日，每股现金0.07元。 - Aurelian Grade E, score 29.5 of 100, graded within a peer group of 32 companies in its industry; no rank among peers is given.
金源评级E，得分29.5（满分100），于行业同业32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。