Shandong Kehui Power Automation 科汇股份
10 significant filings since 1 Jun 2026: 5 on equity incentive, 2 on major holder selling and 2 on change of interest, and 1 other kind. The latest, on 11 Sep 2026: 关于2024年限制性股票激励计划首次授予部分第二个归属期及预留授予部分第一个归属期归属结果的公告.
自 1 Jun 2026 起有 10 份重大公告：equity incentive 5 份、major holder selling 2 份、change of interest 2 份，另有 1 类。最新一份（11 Sep 2026）：关于2024年限制性股票激励计划首次授予部分第二个归属期及预留授予部分第一个归属期归属结果的公告。
Price History 价格走势
1,250 trading days 个交易日 · High 最高 ¥23.72 · Low 最低 ¥7.51As of 25 Sep 2026 截至2026年9月25日
Shandong Kehui Power Automation, listed in 2021, operates in the grid equipment industry. The company reported revenue of RMB505.5m in 2025, up 20.3%, with attributable net profit rising 53.7% to RMB46.9m. Net profit excluding non-recurring items increased by 69.9%. Operating cash flow per share was RMB0.60, exceeding net profit, with a cash flow to profit ratio of 1.34x. Gross margin was 42.7% and ROE was 7.9%. As of 30 Jun 2026, the company had a healthy balance sheet with a liabilities to assets ratio of 30.1%, a current ratio of 2.40 and a quick ratio of 2.02. Receivable days were 176 and inventory days were 115. In the first half of 2026, revenue rose 12.6% to RMB235.0m, but attributable net profit fell 14.1% to RMB13.9m, with negative operating cash flow per share of -RMB0.01. Risk factors are not shown.
科汇股份于2021年上市，属于电网设备行业。2025年营业收入为5.05亿元，同比上升20.3%；归母净利润为4,687.8万元，同比上升53.7%；扣非后净利润同比增长69.9%。每股经营现金流为0.60元，经营现金流与净利润之比为1.34倍。2025年毛利率为42.7%，净利率为9.3%，净资产收益率为7.9%。截至2026年6月30日，资产负债率为30.1%，流动比率2.40，速动比率2.02，应收账款周转天数176，存货周转天数115。2026年上半年营业收入2.35亿元，同比上升12.6%；归母净利润1,386.6万元，同比下降14.1%；每股经营现金流为-0.01元。风险因素未列示。
- Change in attributable net profit for the full year 2026
2026全年归母净利润变动情况 - Operating cash flow per share for the full year 2026
2026全年每股经营现金流 - Revenue growth rate in the second half of 2026
2026年下半年营业收入增速 - Receivable days as of 31 Dec 2026
截至2026年12月31日的应收账款周转天数 - Liabilities to assets ratio as of 31 Dec 2026
截至2026年12月31日的资产负债率 - Next distribution announcement
下一次分红公告
- Company: Shandong Kehui Power Automation 科汇股份, Shanghai Stock Exchange 688681; industry Grid Equipment; listed 16 Jun 2021.
公司：科汇股份，上海证券交易所 688681；行业：电网设备；上市日期：2021年6月16日。 - Close on 24 Sep 2026 RMB15.51; close on 24 Sep 2025 RMB16.56, RMB16.38 in today's terms; one-year change, adjusted for distributions and share changes -5.3%.
2026年9月24日收盘价15.51元；2025年9月24日收盘价16.56元（前复权16.38元）；一年涨跌幅（复权）-5.3%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB13.55 to RMB21.35.
52周区间（前复权）13.55元至21.35元。 - Market capitalisation RMB1.62bn; P/E TTM 36.4; price to book 2.65x.
总市值16.23亿元；市盈率（TTM）36.4；市净率2.65倍。 - Revenue 2025 RMB505.5m; change +20.3%.
营业收入2025年5.05亿元；同比+20.3%。 - Attributable net profit 2025 RMB46.9m; change +53.7%.
归属于母公司股东的净利润2025年4,687.8万元；同比+53.7%。 - Net profit excluding non-recurring items, 2025 change +69.9%.
2025年扣除非经常性损益后的净利润同比+69.9%。 - Basic EPS 2025 RMB0.45.
基本每股收益2025年0.45元。 - Operating cash flow per share 2025 RMB0.60; operating cash flow to net profit 1.34x.
每股经营现金流2025年0.60元；经营现金流与净利润之比1.34倍。 - 2025 gross margin 42.7%; net margin 9.3%; ROE 7.9%.
2025年毛利率42.7%；净利率9.3%；净资产收益率7.9%。 - At 30 Jun 2026: liabilities to assets 30.1%; current ratio 2.40; quick ratio 2.02; receivable days 176; inventory days 115.
截至2026年6月30日：资产负债率30.1%；流动比率2.40；速动比率2.02；应收账款周转天数176；存货周转天数115。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB235.0m, change +12.6%; attributable net profit RMB13.9m, change -14.1%; operating cash flow per share -RMB0.01.
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2.35亿元，同比+12.6%；归母净利润1,386.6万元，同比-14.1%；每股经营现金流-0.01元。 - Ownership: actual controller 徐丙垠; controlling shareholder 山东科汇投资股份有限公司; largest holder at 30 Jun 2026: 山东科汇投资股份有限公司, 26.06%.
股权：实际控制人：徐丙垠；控股股东：山东科汇投资股份有限公司；2026年6月30日第一大股东：山东科汇投资股份有限公司，持股26.06%。 - Latest distribution: ex-date 2 Jun 2026, cash RMB0.19 per share.
最近一次分配：除权除息日2026年6月2日，每股现金0.19元。 - Aurelian Grade C, score 61.2 of 100, graded within a peer group of 143 companies in its industry; no rank among peers is given.
金源评级C，得分61.2（满分100），于行业同业143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。