Shanghai Smart Control 宏英智能
15 significant filings since 31 May 2026: 6 on equity incentive, 4 on guarantee or financial assistance and 3 on buyback, and 2 other kinds. The latest, on 24 Sep 2026: 关于为全资子公司提供担保的进展公告.
自 31 May 2026 起有 15 份重大公告：equity incentive 6 份、guarantee or financial assistance 4 份、buyback 3 份，另有 2 类。最新一份（24 Sep 2026）：关于为全资子公司提供担保的进展公告。
As of 25 Sep 2026 截至2026年9月25日
Shanghai Smart Control 宏英智能 is an automation equipment company listed on the Shenzhen Stock Exchange since 28 Feb 2022. The company reported a revenue decline of 30.3% in 2025 to RMB536.3m, with attributable net profit down 10.4% to RMB15.3m. Despite weaker profitability, operating cash flow per share surged to RMB3.48 in 2025, far exceeding net profit, indicating strong cash generation. As of 30 Jun 2026, the company showed improved interim results with revenue up 114.5% and net profit up 178.3% over the same period the prior year. Its balance sheet remains stable with a liabilities to assets ratio of 47.4% and a current ratio of 1.54. However, the significant revenue drop in 2025 triggers a risk flag. Shareholders are led by 张化宏, who held 23.31% as of mid-2026.
宏英智能是一家自动化设备公司，于2022年2月28日在深圳证券交易所上市。2025年营业收入同比下降30.3%至5.36亿元，归母净利润同比下降10.4%至1,528.9万元。尽管盈利能力减弱，2025年每股经营现金流达3.48元，远超净利润，显示强劲的现金生成能力。截至2026年6月30日，公司中期业绩改善，营业收入同比上升114.5%至7.07亿元，归母净利润同比上升178.3%至4,266.5万元。资产负债率为47.4%，流动比率为1.54，财务结构稳定。但2025年营业收入大幅下降。实际控制人为张化宏、曾晖、曾红英，张化宏于2026年6月30日持股23.31%，为第一大股东。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Revenue down 20% or more on the year before 营业收入同比下降20%或以上 | Revenue declined by more than 20% year-on-year in 2025. 2025年营业收入同比下滑超过20%。 | A revenue drop of 30.3% in 2025 may signal weakening demand or competitive pressures, affecting scale and long-term profitability. Although cash flow improved, sustained revenue contraction could undermine future earnings stability. 2025年营业收入下降30.3%，可能反映市场需求减弱或竞争压力加大，影响经营规模和长期盈利。尽管现金流改善，持续的收入萎缩仍可能动摇未来盈利稳定性。 |
- Revenue trend in the full-year 2026, to assess whether the growth in the first half is sustained.
2026全年营业收入走势，以判断上半年增长是否持续。 - Attributable net profit in full-year 2026, to confirm whether the 178.3% rise in the first half translates into annual profit growth.
2026全年归母净利润，以确认上半年178.3%的增长是否转化为全年盈利增长。 - Operating cash flow per share in the 2026 full-year report, to see if the high cash flow relative to profit continues.
2026全年每股经营现金流，以观察现金流相对于利润的高水平是否持续。
- Company: Shanghai Smart Control 宏英智能, Shenzhen Stock Exchange 001266; industry Automation Equipment; listed 28 Feb 2022.
公司：宏英智能，深圳证券交易所 001266；行业：自动化设备；上市日期：2022年2月28日。 - Close on 24 Sep 2026 RMB35.60; close on 24 Sep 2025 RMB29.02, RMB28.84 in today's terms; one-year change, adjusted for distributions and share changes +23.4%.
2026年9月24日收盘价35.60元；2025年9月24日收盘价29.02元（前复权28.84元）；一年涨跌幅（复权）+23.4%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB26.99 to RMB55.20.
52周区间（前复权）26.99元至55.20元。 - In the last 12 months 16 trading days closed 9% or more above or below the day before (all days, not only this year). The 5 most recent of them: 29 Apr 2026 +10.0%; 20 May 2026 +10.0%; 16 Jun 2026 +10.0%; 4 Aug 2026 +10.0%; 22 Sep 2026 +10.0%. The longest run of them on consecutive trading days: 4 days.
近12个月共有16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5个：2026年4月29日 +10.0%；2026年5月20日 +10.0%；2026年6月16日 +10.0%；2026年8月4日 +10.0%；2026年9月22日 +10.0%。其中最长连续4个交易日。 - Market capitalisation RMB3.69bn; P/E TTM 86.6; price to book 3.83x.
总市值36.90亿元；市盈率（TTM）86.6；市净率3.83倍。 - Revenue 2025 RMB536.3m; 2024 RMB769.7m; change -30.3%.
营业收入2025年5.36亿元；2024年7.70亿元；同比-30.3%。 - Attributable net profit 2025 RMB15.3m; 2024 RMB17.1m; change -10.4%.
归属于母公司股东的净利润2025年1,528.9万元；2024年1,706.9万元；同比-10.4%。 - Net profit excluding non-recurring items, 2025 change -31.3%.
2025年扣除非经常性损益后的净利润同比-31.3%。 - Basic EPS 2025 RMB0.15; 2024 RMB0.17.
基本每股收益2025年0.15元；2024年0.17元。 - Operating cash flow per share 2025 RMB3.48; 2024 RMB0.72; operating cash flow to net profit 31.24x.
每股经营现金流2025年3.48元；2024年0.72元；经营现金流与净利润之比31.24倍。 - 2025 gross margin 27.5%; net margin 2.2%; ROE 1.6%.
2025年毛利率27.5%；净利率2.2%；净资产收益率1.6%。 - At 30 Jun 2026: liabilities to assets 47.4%; current ratio 1.54; quick ratio 1.31; receivable days 83; inventory days 116.
截至2026年6月30日：资产负债率47.4%；流动比率1.54；速动比率1.31；应收账款周转天数83；存货周转天数116。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB707.2m, change +114.5%; attributable net profit RMB42.7m, change +178.3%; operating cash flow per share -RMB1.61.
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7.07亿元，同比+114.5%；归母净利润4,266.5万元，同比+178.3%；每股经营现金流-1.61元。 - Ownership: actual controller 张化宏,曾晖,曾红英; largest holder at 30 Jun 2026: 张化宏, 23.31%.
股权：实际控制人：张化宏,曾晖,曾红英；2026年6月30日第一大股东：张化宏，持股23.31%。 - Latest distribution: ex-date 4 Jun 2026, cash RMB0.30 per share.
最近一次分配：除权除息日2026年6月4日，每股现金0.30元。 - Aurelian Grade D, score 47.0 of 100, graded within a peer group of 95 companies in its industry; no rank among peers is given.
金源评级D，得分47.0（满分100），于行业同业95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。