Shenzhen Kexin Communication 科信技术
3 significant filings since 30 May 2026: 2 on acquisition or disposal and 1 on guarantee or financial assistance. The latest, on 9 Sep 2026: 关于出售参股公司股权的进展公告.
自 30 May 2026 起有 3 份重大公告：acquisition or disposal 2 份、guarantee or financial assistance 1 份。最新一份（9 Sep 2026）：关于出售参股公司股权的进展公告。
As of 25 Sep 2026 截至2026年9月25日
Shenzhen Kexin Communication, listed in 2016, operates in the telecom equipment industry. The company reported a narrower loss in 2025, with attributable net profit improving to -RMB97.6m from -RMB205.8m in 2024. Revenue rose to RMB591.2m, up 6.1%. Despite improved profitability trends, the company remains loss-making, with net margin at -17.0% and ROE at -16.6%. Operating cash flow per share remained negative at -RMB0.16 in 2025, though it improved from -RMB0.39 in 2024. Liquidity remains a concern, as the current ratio was below 1 at 0.75, indicating current liabilities exceed current assets. The stock has declined 26.6% over the past year. No dividend data is available from 2026 onward.
科信技术于2016年上市，属于通信设备行业。2025年归属于母公司股东的净利润为-9,756.4万元，较2024年的-2.06亿元亏损收窄。营业收入达5.91亿元，同比增长6.1%。尽管盈利指标有所改善，公司仍处于亏损状态，净利率为-17.0%，净资产收益率为-16.6%。2025年每股经营现金流为-0.16元，虽较2024年的-0.39元改善，但仍为净流出。流动性方面，流动比率0.75，低于1，显示流动负债超过流动资产。过去一年股价下跌26.6%。2026年起无分红数据记录。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Attributable net loss in 2025 2025年归母净利润亏损 | The company reported a net loss in 2025. 公司2025年报告净利润为亏损。 | A net loss reduces retained earnings and weakens equity. Continued losses may require external financing or asset sales to sustain operations. 净亏损会减少留存收益并削弱股东权益。持续亏损可能需要外部融资或出售资产以维持运营。 |
| Operating cash outflow 经营现金净流出 | Operating cash flow per share was negative in 2025. 2025年每股经营现金流为负。 | Negative operating cash flow indicates the company generates insufficient cash from core operations, which may lead to liquidity stress if sustained. 经营现金流为负表明公司主营业务产生的现金流不足，若持续可能引发流动性压力。 |
| 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 | Current ratio is below 1, at 0.75. 流动比率低于1，为0.75。 | A current ratio below 1 means current liabilities exceed current assets, indicating potential difficulty in meeting short-term obligations. 流动比率低于1表示流动负债超过流动资产，显示公司在短期内可能难以偿还债务。 |
- Whether the attributable net loss narrows further in the 2026 full-year results.
2026年全年归属于母公司股东的净利润亏损是否进一步收窄。 - Change in operating cash flow per share in the 2026 full-year report.
2026年全年每股经营现金流的变化情况。 - Movement in the current ratio as reported in the next financial filing.
下一次财务报告中流动比率的变动情况。 - Revenue growth in the 2026 full-year period compared to 2025.
2026年全年营业收入相比2025年的增长情况。 - Whether receivable days increase or decrease in the next interim report.
下一中期报告中应收账款周转天数的增减情况。 - Disclosure of any litigation case amounts in future filings.
未来公告中是否披露诉讼案件金额。
- Company: Shenzhen Kexin Communication 科信技术, Shenzhen Stock Exchange 300565; industry Telecom Equipment; listed 22 Nov 2016.
公司：科信技术，深圳证券交易所 300565；行业：通信设备；上市日期：2016年11月22日。 - Close on 24 Sep 2026 RMB9.78; close on 24 Sep 2025 RMB13.32; one-year change -26.6%.
2026年9月24日收盘价9.78元；2025年9月24日收盘价13.32元；一年涨跌幅-26.6%。 - 52-week range RMB8.24 to RMB15.69.
52周区间8.24元至15.69元。 - In the last 12 months 1 trading days closed 9% or more above or below the day before (all days, not only this year). The 1 most recent of them: 25 Nov 2025 +12.0%.
近12个月共有1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1个：2025年11月25日 +12.0%。 - Market capitalisation RMB2.44bn; P/E TTM not meaningful (loss-making); price to book 4.79x.
总市值24.42亿元；市盈率（TTM）不适用（亏损）；市净率4.79倍。 - Revenue 2025 RMB591.2m; 2024 RMB557.0m; change +6.1%.
营业收入2025年5.91亿元；2024年5.57亿元；同比+6.1%。 - Attributable net profit 2025 -RMB97.6m; 2024 -RMB205.8m; change +52.6% (the loss narrowed).
归属于母公司股东的净利润2025年-9,756.4万元；2024年-2.06亿元；同比+52.6%（亏损收窄）。 - Net profit excluding non-recurring items, 2025 change +56.3%.
2025年扣除非经常性损益后的净利润同比+56.3%。 - Basic EPS 2025 -RMB0.39; 2024 -RMB0.84.
基本每股收益2025年-0.39元；2024年-0.84元。 - Operating cash flow per share 2025 -RMB0.16; 2024 -RMB0.39.
每股经营现金流2025年-0.16元；2024年-0.39元。 - 2025 gross margin 22.3%; net margin -17.0%; ROE -16.6%.
2025年毛利率22.3%；净利率-17.0%；净资产收益率-16.6%。 - At 30 Jun 2026: liabilities to assets 65.8%; current ratio 0.75; quick ratio 0.56; receivable days 118; inventory days 74.
截至2026年6月30日：资产负债率65.8%；流动比率0.75；速动比率0.56；应收账款周转天数118；存货周转天数74。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB328.6m, change +8.1%; attributable net profit -RMB24.7m, change +42.8% (the loss narrowed); operating cash flow per share -RMB0.09.
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3.29亿元，同比+8.1%；归母净利润-2,465.4万元，同比+42.8%（亏损收窄）；每股经营现金流-0.09元。 - Ownership: actual controller 陈登志; largest holder at 30 Jun 2026: 陈登志, 11.48%.
股权：实际控制人：陈登志；2026年6月30日第一大股东：陈登志，持股11.48%。 - 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。 - Acquisitions and equity transfers filed in the last 12 months: 1; largest consideration RMB39.3m.
近12个月披露的收购与股权转让：1项；最大对价3,932.5万元。 - Aurelian Grade D, score 33.5 of 100, graded within a peer group of 89 companies in its industry; no rank among peers is given.
金源评级D，得分33.5（满分100），于行业同业89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。