Zhejiang Southeast Space Frame 东南网架
21 significant filings since 29 May 2026: 7 on equity incentive, 5 on guarantee or financial assistance and 5 on share issue, and 1 other kind. The latest, on 24 Sep 2026: 关于2026年员工持股计划开户完成的公告.
自 29 May 2026 起有 21 份重大公告：equity incentive 7 份、guarantee or financial assistance 5 份、share issue 5 份，另有 1 类。最新一份（24 Sep 2026）：关于2026年员工持股计划开户完成的公告。
Price History 价格走势
5 sessions 个交易日, 18 Sep to 24 Sep 2026 · Live one-minute prices · High 最高 ¥6.25 · Low 最低 ¥5.96 · −2.76% on the previous close of ¥6.17As of 25 Sep 2026 截至2026年9月25日
Zhejiang Southeast Space Frame 东南网架, listed in 2007, operates in the Specialist Engineering industry. The company reported a revenue decline from RMB11.24bn in 2024 to RMB9.38bn in 2025, with attributable net profit falling from RMB190.5m to RMB49.0m. Profit quality is weak, as operating cash flow per share was -RMB0.33 in 2025, compared to net profit of RMB0.04 per share. The operating cash flow to net profit ratio was -6.95x. A litigation filing was disclosed on 28 Apr 2026. The company's financial position at 30 Jun 2026 shows a current ratio of 1.73 and liabilities to assets at 60.8%. The stock has risen 42.4% over one year, with two high-volatility days in the past 12 months.
东南网架于2007年上市，属于专业工程行业。2025年营业收入为93.78亿元，低于2024年的112.42亿元；归母净利润为4,898.9万元，低于2024年的1.90亿元。盈利质量较弱，2025年每股经营现金流为-0.33元，而基本每股收益为0.04元，经营现金流与净利润之比为-6.95倍。2026年4月28日披露一份诉讼仲裁公告。截至2026年6月30日，流动比率为1.73，资产负债率为60.8%。过去一年股价上涨42.4%，近12个月有2个交易日涨跌幅达10.0%。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Operating cash outflow 经营现金净流出 | The company generated an operating cash outflow in 2025. 公司2025年经营现金流为净流出。 | An operating cash outflow indicates the company is not generating cash from core operations, which may strain liquidity and limit its ability to service debt or fund growth. This is despite reporting a net profit, showing a disconnect between earnings and cash generation. 经营现金流净流出表明公司主营业务未能产生现金，可能影响流动性，限制偿债或投资能力。尽管公司报告盈利，但反映盈利与现金流脱节。 |
- Change in attributable net profit for the full year 2026, compared to RMB49.0m in 2025.
2026全年归母净利润较2025年的4,898.9万元的变化。 - Operating cash flow per share for 2026, compared to -RMB0.33 in 2025.
2026年每股经营现金流较2025年-0.33元的变化。 - New litigation or arbitration filings, following the one disclosed on 28 Apr 2026.
继2026年4月28日公告后，是否有新增诉讼或仲裁公告。
- Company: Zhejiang Southeast Space Frame 东南网架, Shenzhen Stock Exchange 002135; industry Specialist Engineering; listed 30 May 2007.
公司：东南网架，深圳证券交易所 002135；行业：专业工程；上市日期：2007年5月30日。 - Close on 24 Sep 2026 RMB6.00; close on 24 Sep 2025 RMB4.22, RMB4.21 in today's terms; one-year change, adjusted for distributions and share changes +42.4%.
2026年9月24日收盘价6.00元；2025年9月24日收盘价4.22元（前复权4.21元）；一年涨跌幅（复权）+42.4%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB4.15 to RMB9.34.
52周区间（前复权）4.15元至9.34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: 13 Jan 2026 +10.0%; 19 May 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1月13日 +10.0%；2026年5月19日 +10.0%。其中任意两个交易日均不相邻。 - Market capitalisation RMB6.69bn; P/E TTM 188.4; price to book 1.08x.
总市值66.93亿元；市盈率（TTM）188.4；市净率1.08倍。 - Revenue 2025 RMB9.38bn; 2024 RMB11.24bn; change -16.6%.
营业收入2025年93.78亿元；2024年112.42亿元；同比-16.6%。 - Attributable net profit 2025 RMB49.0m; 2024 RMB190.5m; change -74.3%.
归属于母公司股东的净利润2025年4,898.9万元；2024年1.90亿元；同比-74.3%。 - Net profit excluding non-recurring items, 2025 change -84.3%.
2025年扣除非经常性损益后的净利润同比-84.3%。 - Basic EPS 2025 RMB0.04; 2024 RMB0.17.
基本每股收益2025年0.04元；2024年0.17元。 - Operating cash flow per share 2025 -RMB0.33; 2024 RMB0.98; operating cash flow to net profit -6.95x.
每股经营现金流2025年-0.33元；2024年0.98元；经营现金流与净利润之比-6.95倍。 - 2025 gross margin 9.1%; net margin 0.6%; ROE 0.8%.
2025年毛利率9.1%；净利率0.6%；净资产收益率0.8%。 - At 30 Jun 2026: liabilities to assets 60.8%; current ratio 1.73; quick ratio 1.61; receivable days 152; inventory days 400.
截至2026年6月30日：资产负债率60.8%；流动比率1.73；速动比率1.61；应收账款周转天数152；存货周转天数400。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB3.91bn, change -13.8%; attributable net profit RMB28.7m, change -31.9%; operating cash flow per share RMB2.68.
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39.10亿元，同比-13.8%；归母净利润2,869.7万元，同比-31.9%；每股经营现金流2.68元。 - In the 12 months to 25 Sep 2026: 1 distinct filing classed critical, high or as a lift; by class: 1 filing classed Litigation. One filing can fall in more than one class, and several filings can concern one matter, such as the notice and the result of one auction.
截至2026年9月25日的近12个月：被归为重大、较高级别或解除类的公告共1份；按类别：归为诉讼仲裁的公告1份。同一公告可属多个类别，同一事项亦可有多份公告，例如同一拍卖的提示公告与结果公告。 - 28 Apr 2026, Litigation (high): filing titled 《关于新增累计诉讼、仲裁情况的公告》.
2026年4月28日，诉讼仲裁：公告《关于新增累计诉讼、仲裁情况的公告》。 - Ownership: actual controller 郭明明; controlling shareholder 浙江东南网架集团有限公司; largest holder at 30 Jun 2026: 浙江东南网架集团有限公司, 28.19%.
股权：实际控制人：郭明明；控股股东：浙江东南网架集团有限公司；2026年6月30日第一大股东：浙江东南网架集团有限公司，持股28.19%。 - Latest distribution: ex-date 4 Jun 2026, cash RMB0.01 per share.
最近一次分配：除权除息日2026年6月4日，每股现金0.01元。 - Aurelian Grade D, score 47.6 of 100, graded within a peer group of 39 companies in its industry; no rank among peers is given.
金源评级D，得分47.6（满分100），于行业同业39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。