Shanghai Waigaoqiao Free Trade Zone 外高B股
No significant filings since 30 May 2026.
自 30 May 2026 起无重大公告。
As of 25 Sep 2026 截至2026年9月25日
Shanghai Waigaoqiao Free Trade Zone 外高B股, listed in 1993, operates in an undisclosed industry. The company reported revenue of RMB5.97bn in 2025, down 17.5%, with attributable net profit of RMB935.3m, down 1.7%. Net profit excluding non-recurring items fell sharply by 80.8%. Operating cash flow per share was -RMB0.06 in 2025, indicating a cash outflow from operations. In the six months to 30 Jun 2026, revenue rose 14.0% to RMB3.26bn and profit increased 7.3% to RMB109.8m, but operating cash flow per share worsened to -RMB0.44. The company’s liabilities to assets ratio was 65.7% at mid-2026. The controlling shareholder is 上海外高桥资产管理有限公司, which holds 43.61%. The facts show persistent operating cash outflows as a key risk.
外高B股于1993年上市，行业未披露。2025年营业收入59.69亿元，同比-17.5%；归母净利润9.35亿元，同比-1.7%；扣非净利润同比-80.8%。2025年每股经营现金流-0.06元，显示经营现金流为净流出。截至2026年6月30日的六个月内，营业收入32.55亿元，同比+14.0%；归母净利润1.10亿元，同比+7.3%；每股经营现金流-0.44元，现金流出扩大。2026年6月30日资产负债率为65.7%。控股股东为上海外高桥资产管理有限公司，持股43.61%。事实显示，经营现金流持续为负是主要风险。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Operating cash outflow 经营现金净流出 | The company faces operating cash outflow risk. 公司面临经营现金流净流出风险。 | In 2025, operating cash flow per share was -RMB0.06, and the ratio of operating cash flow to net profit was -0.08x, indicating cash outflow from core operations. In the first half of 2026, the outflow widened to -RMB0.44 per share. This weakens liquidity and raises concerns about the sustainability of earnings. 2025年每股经营现金流为-0.06元，经营现金流与净利润之比为-0.08倍，显示主业现金流出。2026年上半年进一步恶化至-0.44元。这削弱流动性，引发盈利可持续性担忧。 |
- Operating cash flow per share in the full-year 2026 report
2026年全年每股经营现金流 - Change in attributable net profit for full-year 2026
2026年全年归母净利润变动 - Liabilities to assets ratio at year-end 2026
2026年末资产负债率 - Revenue growth in the second half of 2026 compared to the same period in 2025
2026年下半年收入增长与2025年同期比较 - Net profit excluding non-recurring items in 2026
2026年扣除非经常性损益后的净利润 - Pledge or freeze status of shares held by the controlling shareholder
控股股东持股质押或冻结情况
- Company: Shanghai Waigaoqiao Free Trade Zone 外高B股, Shanghai Stock Exchange 900912; industry not shown; listed 26 Jul 1993.
公司：外高B股，上海证券交易所 900912；行业：未披露；上市日期：1993年7月26日。 - Close on 24 Sep 2026 US$0.64; close on 24 Sep 2025 US$0.75, US$0.69 in today's terms; one-year change, adjusted for distributions and share changes -8.3%.
2026年9月24日收盘价0.64美元；2025年9月24日收盘价0.75美元（前复权0.69美元）；一年涨跌幅（复权）-8.3%。 - 52-week range in today's terms, adjusted for distributions and share changes US$0.59 to US$0.70.
52周区间（前复权）0.59美元至0.70美元。 - Market capitalisation US$865.0m; P/E TTM 6.4; price to book not shown.
总市值8.65亿美元；市盈率（TTM）6.4；市净率未披露。 - Revenue 2025 RMB5.97bn; change -17.5%.
营业收入2025年59.69亿元；同比-17.5%。 - Attributable net profit 2025 RMB935.3m; change -1.7%.
归属于母公司股东的净利润2025年9.35亿元；同比-1.7%。 - Net profit excluding non-recurring items, 2025 change -80.8%.
2025年扣除非经常性损益后的净利润同比-80.8%。 - Basic EPS 2025 RMB0.73.
基本每股收益2025年0.73元。 - Operating cash flow per share 2025 -RMB0.06; operating cash flow to net profit -0.08x.
每股经营现金流2025年-0.06元；经营现金流与净利润之比-0.08倍。 - 2025 gross margin 27.6%; net margin 16.1%; ROE 6.3%.
2025年毛利率27.6%；净利率16.1%；净资产收益率6.3%。 - At 30 Jun 2026: liabilities to assets 65.7%; current ratio 1.16; quick ratio 0.45; receivable days 46; inventory days 925.
截至2026年6月30日：资产负债率65.7%；流动比率1.16；速动比率0.45；应收账款周转天数46；存货周转天数925。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB3.26bn, change +14.0%; attributable net profit RMB109.8m, change +7.3%; operating cash flow per share -RMB0.44.
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32.55亿元，同比+14.0%；归母净利润1.10亿元，同比+7.3%；每股经营现金流-0.44元。 - Ownership: actual controller 上海市浦东新区国有资产监督管理委员会; controlling shareholder 上海外高桥资产管理有限公司; largest holder at 30 Jun 2026: 上海外高桥资产管理有限公司, 43.61%.
股权：实际控制人：上海市浦东新区国有资产监督管理委员会；控股股东：上海外高桥资产管理有限公司；2026年6月30日第一大股东：上海外高桥资产管理有限公司，持股43.61%。 - 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。 - 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。