Hunan Kaimeite Gases 凯美特气
4 significant filings since 31 May 2026: 2 on change of interest, 1 on earnings pre-announcement and 1 on major holder selling. The latest, on 15 Jul 2026: 2026年半年度业绩预告. On 15 Jul 2026 the company said it expects net profit for the period ending 30 Jun 2026 to fall by 57.02% to 65.98% from the same period a year earlier.
自 31 May 2026 起有 4 份重大公告：change of interest 2 份、earnings pre-announcement 1 份、major holder selling 1 份。最新一份（15 Jul 2026）：2026年半年度业绩预告。15 Jul 2026 公司预告截至 30 Jun 2026 的净利润较上年同期下降 57.02% 至 65.98%。
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 ¥13.83 · Low 最低 ¥13.04 · −1.88% on the previous close of ¥13.30As of 25 Sep 2026 截至2026年9月25日
Hunan Kaimeite Gases, listed in 2011, operates in the chemical products industry. The company reported a turnaround in 2025, posting a net profit of RMB68.6m compared to a loss of RMB48.6m in 2024, with revenue rising to RMB626.7m. Profit quality was strong, as operating cash flow matched net profit at RMB0.22 per share. However, the first half of 2026 shows weakening performance: profit fell by 60.7% year-on-year to RMB21.9m, and a profit warning confirmed a decline of 57% to 66%. The share price has dropped sharply, down 49.8% over one year, and volatility has increased, with 13 large daily moves in the past 12 months. The company maintains a healthy balance sheet with a liabilities to assets ratio of 28.0% and a current ratio of 1.47. Ownership is concentrated, with 浩讯科技有限公司 as the controlling and largest shareholder.
凯美特气于2011年上市，属于化学制品行业。公司2025年扭亏为盈，归母净利润达6,855.6万元，2024年为-4,856.7万元，营业收入增至6.27亿元。盈利质量良好，每股经营现金流连续两年为0.22元。但2026年上半年业绩下滑，归母净利润同比减少60.7%至2,192.1万元，业绩预告确认降幅在57%至66%之间。股价大幅下跌，一年内复权跌幅达49.8%，过去12个月出现13个交易日涨跌幅超9%。公司资产负债结构健康，截至2026年6月30日资产负债率为28.0%，流动比率为1.47。股权集中，控股股东及第一大股东均为浩讯科技有限公司。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Pre-announced profit fall of more than 50% 预告净利润降幅超过50% | The company pre-announced a significant drop in net profit for the first half of 2026. 公司预告2026年上半年净利润大幅下滑。 | A profit decline of 57% to 66% could weaken investor confidence and reduce valuation multiples. It may signal weakening demand or rising costs not yet reflected in full-year cash flows. 净利润下降57%至66%可能削弱投资者信心，导致估值倍数下降。可能反映需求减弱或成本上升，尚未在全年现金流中体现。 |
| Share price down 40% or more in a year 股价一年下跌40%或以上 | The share price has fallen more than 40% over the past year. 公司股价在过去一年下跌超40%。 | A 49.8% price drop, from RMB26.01 to RMB13.05, may trigger margin calls for leveraged holders and reduce market liquidity. It reflects a significant decline in market value despite improved annual profit. 股价从26.01元跌至13.05元，跌幅达49.8%，可能引发杠杆持有人的追加保证金，降低市场流动性。尽管年度利润改善，但市值已显著下降。 |
- Next disclosed receivable days and inventory days to assess working capital pressure
下一次披露的应收账款周转天数和存货周转天数，以评估营运资金压力 - Full-year 2026 attributable net profit to confirm if the downturn is contained
2026全年归母净利润，以确认业绩下行是否得到控制 - Operating cash flow per share in 2026 to verify profit quality
2026年每股经营现金流，以验证盈利质量 - Any change in the largest shareholder's stake
第一大股东持股比例是否发生变动 - Next disclosed gross margin and net margin trends
下一次披露的毛利率和净利率走势 - Announcement of 2026 dividend distribution
2026年度分红派息方案的公告
- Company: Hunan Kaimeite Gases 凯美特气, Shenzhen Stock Exchange 002549; industry Chemical Products; listed 18 Feb 2011.
公司：凯美特气，深圳证券交易所 002549；行业：化学制品；上市日期：2011年2月18日。 - Close on 24 Sep 2026 RMB13.05; close on 24 Sep 2025 RMB26.09, RMB26.01 in today's terms; one-year change, adjusted for distributions and share changes -49.8%.
2026年9月24日收盘价13.05元；2025年9月24日收盘价26.09元（前复权26.01元）；一年涨跌幅（复权）-49.8%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB12.54 to RMB28.44.
52周区间（前复权）12.54元至28.44元。 - In the last 12 months 13 trading days closed 9% or more above or below the day before (all days, not only this year). The 5 most recent of them: 23 Jun 2026 +10.0%; 29 Jun 2026 +10.0%; 3 Jul 2026 -9.9%; 13 Jul 2026 +9.6%; 14 Jul 2026 -10.0%. The longest run of them on consecutive trading days: 3 days.
近12个月共有13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6月23日 +10.0%；2026年6月29日 +10.0%；2026年7月3日 -9.9%；2026年7月13日 +9.6%；2026年7月14日 -10.0%。其中最长连续3个交易日。 - Market capitalisation RMB9.07bn; P/E TTM 262.0; price to book 4.42x.
总市值90.74亿元；市盈率（TTM）262.0；市净率4.42倍。 - Revenue 2025 RMB626.7m; 2024 RMB588.0m; change +6.6%.
营业收入2025年6.27亿元；2024年5.88亿元；同比+6.6%。 - Attributable net profit 2025 RMB68.6m; 2024 -RMB48.6m; change +241.2% (from a loss to a profit).
归属于母公司股东的净利润2025年6,855.6万元；2024年-4,856.7万元；同比+241.2%（扭亏为盈）。 - Net profit excluding non-recurring items, 2025 change +3,719.5%.
2025年扣除非经常性损益后的净利润同比+3,719.5%。 - Basic EPS 2025 RMB0.10; 2024 -RMB0.07.
基本每股收益2025年0.10元；2024年-0.07元。 - Operating cash flow per share 2025 RMB0.22; 2024 RMB0.22; operating cash flow to net profit 2.28x.
每股经营现金流2025年0.22元；2024年0.22元；经营现金流与净利润之比2.28倍。 - 2025 gross margin 33.7%; net margin 10.9%; ROE 3.4%.
2025年毛利率33.7%；净利率10.9%；净资产收益率3.4%。 - At 30 Jun 2026: liabilities to assets 28.0%; current ratio 1.47; quick ratio 1.39; receivable days 34; inventory days 44.
截至2026年6月30日：资产负债率28.0%；流动比率1.47；速动比率1.39；应收账款周转天数34；存货周转天数44。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB315.6m, change +1.7%; attributable net profit RMB21.9m, change -60.7%; operating cash flow per share RMB0.08.
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3.16亿元，同比+1.7%；归母净利润2,192.1万元，同比-60.7%；每股经营现金流0.08元。 - Pre-announcement of 15 Jul 2026 for the period to 30 Jun 2026: attributable net profit change -66% to -57%.
2026年7月15日发布的截至2026年6月30日业绩预告：归母净利润同比-66%至-57%。 - Ownership: actual controller 祝恩福; controlling shareholder 浩讯科技有限公司; largest holder at 30 Jun 2026: 浩讯科技有限公司, 37.37%.
股权：实际控制人：祝恩福；控股股东：浩讯科技有限公司；2026年6月30日第一大股东：浩讯科技有限公司，持股37.37%。 - Latest distribution: ex-date 27 May 2026, cash RMB0.05 per share.
最近一次分配：除权除息日2026年5月27日，每股现金0.05元。 - Aurelian Grade C, score 52.6 of 100, graded within a peer group of 185 companies in its industry; no rank among peers is given.
金源评级C，得分52.6（满分100），于行业同业185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。