Changzhou Xiangming Intelligent Drive System 祥明智能
One significant filing since 31 May 2026, on dividend (8 Jun 2026): 2025年年度权益分派实施公告.
自 31 May 2026 起有一份重大公告（dividend，8 Jun 2026）：2025年年度权益分派实施公告。
As of 25 Sep 2026 截至2026年9月25日
Changzhou Xiangming Intelligent Drive System 祥明智能, listed in 2022, operates in the Electric Motors industry. The company reported a revenue of RMB508.0m in 2025, down slightly from RMB509.3m in 2024. Attributable net profit fell sharply to RMB16.6m from RMB29.3m, a decline of 43.3%. However, net profit excluding non-recurring items rose by 1.8%. Operating cash flow per share improved to RMB0.75 from RMB0.54, with a cash flow to net profit ratio of 5.01x, indicating strong cash generation. As of 30 Jun 2026, the company had a healthy balance sheet with a liabilities to assets ratio of 15.1%, a current ratio of 5.39 and a quick ratio of 4.48. In the first half of 2026, revenue increased by 2.8% to RMB263.1m, but attributable net profit dropped by 60.5% to RMB7.2m. The stock has shown high volatility, with 9 trading days of 9% or more movement in the past year. Receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, and segment revenue are not shown.
祥明智能于2022年上市，属于电机行业。公司2025年营业收入为5.08亿元，较2024年的5.09亿元略有下降。归属于母公司股东的净利润从2,930.1万元大幅下降43.3%至1,660.0万元。但扣除非经常性损益后的净利润同比增长1.8%。每股经营现金流由0.54元提升至0.75元，经营现金流与净利润之比达5.01倍，显示现金生成能力较强。截至2026年6月30日，公司资产负债率为15.1%，流动比率5.39，速动比率4.48，财务状况稳健。2026年上半年营业收入同比增长2.8%至2.63亿元，但归母净利润同比下降60.5%至723.6万元。过去12个月中，共有9个交易日涨跌幅达9%及以上，股价波动较高。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、分部收入未列示。
- Change in attributable net profit for the full year 2026
2026年全年归母净利润变动情况 - Revenue growth in the second half of 2026 compared to the first half
2026年下半年营业收入相较于上半年的增长情况 - Operating cash flow per share for the full year 2026
2026年全年每股经营现金流 - Liabilities to assets ratio at year-end 2026
2026年末资产负债率 - Announcement of any share pledge or freeze by the controlling shareholder
控股股东是否存在股份质押或冻结的公告 - Next distribution announcement including amount and ex-date
下一次分红公告，包括金额和除权除息日
- Company: Changzhou Xiangming Intelligent Drive System 祥明智能, Shenzhen Stock Exchange 301226; industry Electric Motors; listed 25 Mar 2022.
公司：祥明智能，深圳证券交易所 301226；行业：电机；上市日期：2022年3月25日。 - Close on 24 Sep 2026 RMB35.39; close on 24 Sep 2025 RMB34.19, RMB34.13 in today's terms; one-year change, adjusted for distributions and share changes +3.7%.
2026年9月24日收盘价35.39元；2025年9月24日收盘价34.19元（前复权34.13元）；一年涨跌幅（复权）+3.7%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB24.16 to RMB48.08.
52周区间（前复权）24.16元至48.08元。 - In the last 12 months 9 trading days closed 9% or more above or below the day before (all days, not only this year). The 5 most recent of them: 17 Mar 2026 +20.0%; 24 Mar 2026 +20.0%; 30 Mar 2026 +9.8%; 29 May 2026 -10.2%; 30 Jun 2026 +12.1%. The longest run of them on consecutive trading days: 3 days.
近12个月共有9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3月17日 +20.0%；2026年3月24日 +20.0%；2026年3月30日 +9.8%；2026年5月29日 -10.2%；2026年6月30日 +12.1%。其中最长连续3个交易日。 - Market capitalisation RMB3.85bn; P/E TTM 697.2; price to book 4.24x.
总市值38.50亿元；市盈率（TTM）697.2；市净率4.24倍。 - Revenue 2025 RMB508.0m; 2024 RMB509.3m; change -0.3%.
营业收入2025年5.08亿元；2024年5.09亿元；同比-0.3%。 - Attributable net profit 2025 RMB16.6m; 2024 RMB29.3m; change -43.3%.
归属于母公司股东的净利润2025年1,660.0万元；2024年2,930.1万元；同比-43.3%。 - Net profit excluding non-recurring items, 2025 change +1.8%.
2025年扣除非经常性损益后的净利润同比+1.8%。 - Basic EPS 2025 RMB0.15; 2024 RMB0.27.
基本每股收益2025年0.15元；2024年0.27元。 - Operating cash flow per share 2025 RMB0.75; 2024 RMB0.54; operating cash flow to net profit 5.01x.
每股经营现金流2025年0.75元；2024年0.54元；经营现金流与净利润之比5.01倍。 - 2025 gross margin 21.2%; net margin 3.2%; ROE 1.8%.
2025年毛利率21.2%；净利率3.2%；净资产收益率1.8%。 - At 30 Jun 2026: liabilities to assets 15.1%; current ratio 5.39; quick ratio 4.48; receivable days 81; inventory days 100.
截至2026年6月30日：资产负债率15.1%；流动比率5.39；速动比率4.48；应收账款周转天数81；存货周转天数100。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB263.1m, change +2.8%; attributable net profit RMB7.2m, change -60.5%; operating cash flow per share RMB0.20.
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2.63亿元，同比+2.8%；归母净利润723.6万元，同比-60.5%；每股经营现金流0.20元。 - Ownership: actual controller 张敏; controlling shareholder 常州祥兴信息技术有限公司; largest holder at 30 Jun 2026: 常州祥兴信息技术有限公司, 45.29%.
股权：实际控制人：张敏；控股股东：常州祥兴信息技术有限公司；2026年6月30日第一大股东：常州祥兴信息技术有限公司，持股45.29%。 - Latest distribution: ex-date 16 Jun 2026, cash RMB0.06 per share.
最近一次分配：除权除息日2026年6月16日，每股现金0.06元。 - Aurelian Grade D, score 49.9 of 100, graded within a peer group of 27 companies in its industry; no rank among peers is given.
金源评级D，得分49.9（满分100），于行业同业27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。