900913.SH上海证券交易所 · B股 B-share
Shanxi Guoxin Energy 国新B股
$0.21$0.00 · +0.00%
Open 开盘
$0.21
High 最高
$0.21
Low 最低
$0.21
Prev Close 昨收
$0.21
Volume 成交量
13.4万股
Turnover 成交额
$2.8万
Mkt Cap 总市值
$4.01亿
P/E 市盈率
−11.4×
Recent Activity 近期动态All Filings 全部公告 →
No significant filings since 31 May 2026.
自 31 May 2026 起无重大公告。
Price History 价格走势
1 session 个交易日, Mon 28 Sep 2026 · Live one-minute prices · High 最高 $0.21 · Low 最低 $0.21 · +0.00% on the previous close of $0.210.20700.20720.20740.20760.20780.2080
09:3009:5510:2010:4611:11
Overview 概览Deep Report 深度报告Financials 财务Valuation 估值Ownership 股东Analysts 券商Estimates 预测News 动态Events 事件Peers 同业
As of 25 Sep 2026 截至2026年9月25日
Assessment 评估
Shanxi Guoxin Energy 国新B股, listed in 1993, operates in an undisclosed industry. The company reported a net loss of RMB284.5m in 2025, though the loss narrowed by 16.2%. Revenue declined 4.9% to RMB15.36bn. In the first half of 2026, it turned a profit of RMB107.9m, up 44.3% year-on-year. Operating cash flow per share was RMB0.97 in 2025 and RMB0.52 in the first half of 2026. The company's financial leverage is high, with liabilities at 80.7% of assets as of 30 Jun 2026. Liquidity is weak, with a current ratio of 0.45 and a quick ratio of 0.41. Receivable days are 30 and inventory days are 9. The controlling shareholder is 华新燃气集团有限公司, which holds 46.19%. The stock has declined 13.7% over the past year.
国新B股于1993年上市，行业未披露。公司2025年归属于母公司股东的净利润为-2.85亿元，亏损同比收窄16.2%；营业收入153.61亿元，同比下降4.9%。截至2026年6月30日的六个月内，归母净利润为1.08亿元，同比增长44.3%。2025年每股经营现金流为0.97元，2026年上半年为0.52元。截至2026年6月30日，资产负债率为80.7%，流动比率0.45，速动比率0.41，应收账款周转天数30天，存货周转天数9天。控股股东为华新燃气集团有限公司，持股46.19%。过去一年股价下跌13.7%。
Risk Register 风险登记
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Attributable net loss in 2025; a profit in the period to 30 Jun 2026, +44.3% on the same period a year earlier 2025年归母净利润亏损；截至2026年6月30日的报告期盈利，较上年同期+44.3% | The company reported a net loss in 2025 despite a profit in the first half of 2026. 公司2025年仍为净亏损，尽管2026年上半年实现盈利。 | A history of net losses raises concerns about long-term profitability. Although the loss narrowed in 2025 and turned to profit in early 2026, sustained earnings recovery is uncertain. The improvement in net profit excluding non-recurring items supports a positive trend, but reliance on non-operating gains could weaken earnings quality. 净亏损历史引发对长期盈利能力的担忧。尽管2025年亏损收窄且2026年上半年转盈，但盈利持续性尚不确定。扣除非经常性损益后的净利润增长支持改善趋势，但若依赖非经营性收益，则盈利质量可能较弱。 |
| Liabilities at 70% of assets or more 资产负债率达70%或以上 | Liabilities are high at 80.7% of assets as of 30 Jun 2026. 截至2026年6月30日，公司资产负债率达80.7%。 | High leverage increases financial risk, especially if earnings decline or interest rates rise. It may limit the company's ability to raise debt or invest in growth. A high liabilities-to-assets ratio also reduces equity cushion against losses. 高杠杆增加财务风险，尤其在盈利下滑或利率上升时。可能限制公司举债或投资能力。高资产负债率也削弱了应对亏损的权益缓冲。 |
| Current ratio below 1: current liabilities exceed current assets 流动比率低于1：流动负债超过流动资产 | The current ratio is below 1 at 0.45, meaning current liabilities exceed current assets. 流动比率仅为0.45，低于1，表明流动负债超过流动资产。 | A current ratio below 1 signals short-term liquidity stress. The company may struggle to meet its near-term obligations without asset sales or refinancing. The quick ratio of 0.41 further confirms limited liquid assets to cover immediate liabilities. 流动比率低于1显示短期流动性压力。公司可能难以偿还即将到期的债务，除非通过资产出售或再融资。速动比率0.41进一步表明可用于偿付即期负债的高流动性资产有限。 |
What to Watch 关注要点
- Whether the full-year 2026 attributable net profit remains positive, following the first-half profit of RMB107.9m.
继2026年上半年盈利1.08亿元后，全年归母净利润是否仍为正。 - The trend in revenue, after a 10.6% decline in the first half of 2026 compared to the same period a year earlier.
在2026年上半年营业收入同比下降10.6%后，收入走势是否企稳。 - Operating cash flow per share in the full year 2026, following RMB0.52 in the first half.
在2026年上半年每股经营现金流为0.52元后，全年水平是否保持。 - Changes in the liabilities to assets ratio beyond 80.7% as of 30 Jun 2026.
截至2026年6月30日资产负债率为80.7%，后续该比率是否继续上升。 - The current ratio trend, currently at 0.45, to assess if liquidity conditions improve.
当前流动比率为0.45，后续趋势是否改善以缓解流动性压力。 - Any disclosure of the auditor's opinion or key audit matters, which are not shown in this report.
本报告未掌握审计意见及关键审计事项，后续是否披露相关信息。
Facts 事实
- Company: Shanxi Guoxin Energy 国新B股, Shanghai Stock Exchange 900913; industry not shown; listed 28 Sep 1993.
公司：国新B股，上海证券交易所 900913；行业：未披露；上市日期：1993年9月28日。 - Close on 24 Sep 2026 US$0.208; close on 24 Sep 2025 US$0.241; one-year change -13.7%.
2026年9月24日收盘价0.208美元；2025年9月24日收盘价0.241美元；一年涨跌幅-13.7%。 - 52-week range US$0.201 to US$0.261.
52周区间0.201美元至0.261美元。 - Market capitalisation US$401.0m; P/E TTM not meaningful (loss-making); price to book not shown.
总市值4.01亿美元；市盈率（TTM）不适用（亏损）；市净率未披露。 - Revenue 2025 RMB15.36bn; change -4.9%.
营业收入2025年153.61亿元；同比-4.9%。 - Attributable net profit 2025 -RMB284.5m; change +16.2% (the loss narrowed).
归属于母公司股东的净利润2025年-2.85亿元；同比+16.2%（亏损收窄）。 - Net profit excluding non-recurring items, 2025 change +13.8%.
2025年扣除非经常性损益后的净利润同比+13.8%。 - Basic EPS 2025 -RMB0.16.
基本每股收益2025年-0.16元。 - Operating cash flow per share 2025 RMB0.97.
每股经营现金流2025年0.97元。 - 2025 gross margin 7.4%; net margin -0.7%; ROE -9.6%.
2025年毛利率7.4%；净利率-0.7%；净资产收益率-9.6%。 - At 30 Jun 2026: liabilities to assets 80.7%; current ratio 0.45; quick ratio 0.41; receivable days 30; inventory days 9.
截至2026年6月30日：资产负债率80.7%；流动比率0.45；速动比率0.41；应收账款周转天数30；存货周转天数9。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB7.35bn, change -10.6%; attributable net profit RMB107.9m, change +44.3%; operating cash flow per share RMB0.52.
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73.50亿元，同比-10.6%；归母净利润1.08亿元，同比+44.3%；每股经营现金流0.52元。 - Ownership: actual controller 山西省人民政府国有资产监督管理委员会; controlling shareholder 华新燃气集团有限公司; largest holder at 30 Jun 2026: 华新燃气集团有限公司, 46.19%.
股权：实际控制人：山西省人民政府国有资产监督管理委员会；控股股东：华新燃气集团有限公司；2026年6月30日第一大股东：华新燃气集团有限公司，持股46.19%。 - 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。