Shanghai SK Petroleum & Chemical Equipment 神开股份
8 significant filings since 29 May 2026: 2 on guarantee or financial assistance, 2 on share issue and 1 on major holder selling, and 3 other kinds. The latest, on 18 Aug 2026: 关于公司提供担保进展情况的公告. On 14 Jul 2026 the company said it expects net profit for the period ending 30 Jun 2026 to fall by 57.60% to 71.73% from the same period a year earlier.
自 29 May 2026 起有 8 份重大公告：guarantee or financial assistance 2 份、share issue 2 份、major holder selling 1 份，另有 3 类。最新一份（18 Aug 2026）：关于公司提供担保进展情况的公告。14 Jul 2026 公司预告截至 30 Jun 2026 的净利润较上年同期下降 57.60% 至 71.73%。
As of 25 Sep 2026 截至2026年9月25日
Shanghai SK Petroleum & Chemical Equipment, listed in 2009, operates in the special-purpose machinery industry. The company reported strong growth in 2025, with revenue up 19.1% to RMB873.1m and attributable net profit rising 85.4% to RMB55.9m. Profit quality was strong, as operating cash flow per share reached RMB0.34, ahead of net profit. However, the first half of 2026 shows a sharp downturn: revenue fell 12.0% and net profit dropped 60.3%, with a negative operating cash flow per share of -RMB0.15. A profit warning confirmed a decline of 58% to 72%. High receivable days at 269 indicate slow collections, raising liquidity concerns. The largest shareholder holds only 12.24%, suggesting ownership fragmentation. Despite a solid balance sheet with liabilities to assets at 26.7%, the recent performance trend is weakening.
神开股份2009年上市，属于专用设备行业。公司2025年表现强劲，营业收入达8.73亿元，同比上升19.1%；归母净利润为5,591.4万元，同比增长85.4%。每股经营现金流为0.34元，高于净利润，显示盈利质量良好。但2026年上半年明显下滑，营业收入同比下降12.0%，归母净利润下降60.3%，每股经营现金流为-0.15元。业绩预告显示归母净利润同比下降58%至72%。应收账款周转天数达269天，回款较慢，存在流动性压力。第一大股东持股12.24%，股权较为分散。资产负债率为26.7%，财务结构稳健，但近期经营趋势转弱。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Receivables take over 180 days to collect 应收账款周转天数超过180天 | Receivables take over 180 days to collect. 应收账款周转天数超过180天。 | At 269 days, receivables are slow to convert into cash, which may strain liquidity and increase credit risk. This could affect the company's ability to meet short-term obligations despite reported profits. 应收账款周转天数达269天，回款速度慢，可能影响现金流，增加信用风险。即使盈利，也可能影响公司短期偿债能力。 |
| Pre-announced profit fall of more than 50% 预告净利润降幅超过50% | Pre-announced profit fall of more than 50%. 业绩预告显示归母净利润同比下降超过50%。 | The company pre-announced a net profit decline of 58% to 72% for the first half of 2026, indicating a significant weakening in profitability. This sharp drop may reflect falling demand, margin pressure, or one-off charges. 公司预告2026年上半年归母净利润同比下降58%至72%，显示盈利能力显著下滑。这一大幅下降可能反映需求减弱、毛利率压力或一次性支出。 |
- Change in attributable net profit for the full year 2026 compared to 2025.
2026全年归母净利润较2025年的同比变化。 - Operating cash flow per share for the period ending 30 Jun 2026.
截至2026年6月30日的每股经营现金流。 - Receivable days at the end of 2026.
2026年末应收账款周转天数。 - Revenue trend in the third quarter of 2026 compared to the same period in 2025.
2026年第三季度营业收入与2025年同期相比的趋势。 - Any change in the shareholding of the largest shareholder.
第一大股东持股比例是否发生变动。 - Update on whether the company remains in a pre-announcement range for H1 2026 profit.
公司是否仍在2026年上半年利润预告的区间内。
- Company: Shanghai SK Petroleum & Chemical Equipment 神开股份, Shenzhen Stock Exchange 002278; industry Special-purpose Machinery; listed 11 Aug 2009.
公司：神开股份，深圳证券交易所 002278；行业：专用设备；上市日期：2009年8月11日。 - Close on 24 Sep 2026 RMB7.96; close on 24 Sep 2025 RMB9.63, RMB9.56 in today's terms; one-year change, adjusted for distributions and share changes -16.8%.
2026年9月24日收盘价7.96元；2025年9月24日收盘价9.63元（前复权9.56元）；一年涨跌幅（复权）-16.8%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB7.18 to RMB15.77.
52周区间（前复权）7.18元至15.77元。 - In the last 12 months 11 trading days closed 9% or more above or below the day before (all days, not only this year). The 5 most recent of them: 9 Jan 2026 +10.0%; 15 Jan 2026 -10.0%; 4 Feb 2026 +10.0%; 16 Mar 2026 +10.0%; 27 Apr 2026 -9.2%. The longest run of them on consecutive trading days: 4 days.
近12个月共有11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1月9日 +10.0%；2026年1月15日 -10.0%；2026年2月4日 +10.0%；2026年3月16日 +10.0%；2026年4月27日 -9.2%。其中最长连续4个交易日。 - Market capitalisation RMB3.09bn; P/E TTM 89.4; price to book 2.20x.
总市值30.93亿元；市盈率（TTM）89.4；市净率2.20倍。 - Revenue 2025 RMB873.1m; 2024 RMB733.0m; change +19.1%.
营业收入2025年8.73亿元；2024年7.33亿元；同比+19.1%。 - Attributable net profit 2025 RMB55.9m; 2024 RMB30.2m; change +85.4%.
归属于母公司股东的净利润2025年5,591.4万元；2024年3,016.6万元；同比+85.4%。 - Net profit excluding non-recurring items, 2025 change +137.4%.
2025年扣除非经常性损益后的净利润同比+137.4%。 - Basic EPS 2025 RMB0.15; 2024 RMB0.08.
基本每股收益2025年0.15元；2024年0.08元。 - Operating cash flow per share 2025 RMB0.34; 2024 RMB0.28; operating cash flow to net profit 1.67x.
每股经营现金流2025年0.34元；2024年0.28元；经营现金流与净利润之比1.67倍。 - 2025 gross margin 37.7%; net margin 9.0%; ROE 4.8%.
2025年毛利率37.7%；净利率9.0%；净资产收益率4.8%。 - At 30 Jun 2026: liabilities to assets 26.7%; current ratio 2.87; quick ratio 1.99; receivable days 269; inventory days 374.
截至2026年6月30日：资产负债率26.7%；流动比率2.87；速动比率1.99；应收账款周转天数269；存货周转天数374。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB357.3m, change -12.0%; attributable net profit RMB14.1m, change -60.3%; operating cash flow per share -RMB0.15.
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3.57亿元，同比-12.0%；归母净利润1,405.4万元，同比-60.3%；每股经营现金流-0.15元。 - Pre-announcement of 14 Jul 2026 for the period to 30 Jun 2026: attributable net profit change -72% to -58%.
2026年7月14日发布的截至2026年6月30日业绩预告：归母净利润同比-72%至-58%。 - Ownership: largest holder at 30 Jun 2026: 建湖县国有资产投资管理有限公司, 12.24%.
股权：2026年6月30日第一大股东：建湖县国有资产投资管理有限公司，持股12.24%。 - Latest distribution: ex-date 12 Jun 2026, cash RMB0.06 per share.
最近一次分配：除权除息日2026年6月12日，每股现金0.06元。 - Aurelian Grade D, score 43.0 of 100, graded within a peer group of 204 companies in its industry; no rank among peers is given.
金源评级D，得分43.0（满分100），于行业同业204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。