301372.SZ深圳证券交易所 · 创业板 ChiNext
Beijing Sys Science & Technology 科净源
Environmental Services 环境治理
¥34.48−¥0.37 · −1.06%
Open 开盘
¥35.00
High 最高
¥35.29
Low 最低
¥34.20
Prev Close 昨收
¥34.85
Volume 成交量
111.5万股
Turnover 成交额
¥3,863.5万
Mkt Cap 总市值
¥24亿
P/E 市盈率
−55.0×
Recent Activity 近期动态All Filings 全部公告 →
9 significant filings since 30 May 2026: 1 on litigation, 1 on share pledge and 6 on guarantee or financial assistance, and 1 other kind. The latest, on 22 Sep 2026: 关于公司股东减持股份的预披露公告.
自 30 May 2026 起有 9 份重大公告：litigation 1 份、share pledge 1 份、guarantee or financial assistance 6 份，另有 1 类。最新一份（22 Sep 2026）：关于公司股东减持股份的预披露公告。
20.0040.0060.0080.00
Volume 成交量
1,750.0万
20232024202520252026
Overview 概览Deep Report 深度报告Financials 财务Valuation 估值Ownership 股东Analysts 券商Estimates 预测News 动态Events 事件Peers 同业
As of 25 Sep 2026 截至2026年9月25日
Assessment 评估
Beijing Sys Science & Technology 科净源, listed in 2023, operates in environmental services. The company reported a narrower loss in 2025, with revenue up 44.4% to RMB276.3m and attributable net profit improving from -RMB131.1m to -RMB37.7m. Operating cash flow per share turned positive at RMB0.85 in 2025. However, receivables remain high, taking 479 days to collect. In the first half of 2026, the company posted a profit of RMB7.6m, down 41.1% year-on-year. Two recent filings relate to litigation and share pledges by the actual controller. The stock trades at a price to book of 3.18x, with a market capitalisation of RMB2.36bn.
科净源于2023年上市，从事环境治理行业。2025年公司亏损收窄，营业收入达2.76亿元，同比上升44.4%；归母净利润由-1.31亿元改善至-3,770.1万元。每股经营现金流由负转正，2025年为0.85元。但应收账款周转天数达479天，回款周期长。2026年上半年实现归母净利润755.1万元，同比下降41.1%。近期两份公告涉及诉讼仲裁及实际控制人股份质押。公司市净率为3.18倍，总市值23.64亿元。
Risk Register 风险登记
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Attributable net loss in 2025; a profit in the period to 30 Jun 2026, -41.1% on the same period a year earlier 2025年归母净利润亏损；截至2026年6月30日的报告期盈利，较上年同期-41.1% | The company reported a net loss in 2025 despite revenue growth. 公司2025年虽营收增长但仍录得净亏损。 | A net loss despite rising revenue suggests rising costs or non-recurring charges. The improvement from -RMB131.1m to -RMB37.7m in attributable net profit shows progress, but the loss remains a risk if not reversed. The 2026 first-half profit of RMB7.6m is smaller than the year-earlier period. 营收增长但净亏损表明成本上升或存在非经常性损失。归母净利润由-1.31亿元改善至-3,770.1万元，显示好转，但若未能转正仍存风险。2026年上半年利润755.1万元，同比减少41.1%。 |
| 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 479 days, receivables are highly illiquid, increasing credit risk and straining cash flow. This may affect working capital and limit operational flexibility, despite positive operating cash flow in 2025. 应收账款周转天数达479天，流动性差，增加信用风险并影响现金流。尽管2025年经营现金流为正，但营运资金压力仍存。 |
What to Watch 关注要点
- Whether the attributable net profit for the full year 2026 returns to a loss after the first-half profit.
2026年全年归母净利润是否在上半年盈利后再度转亏。 - Change in receivable days at the end of 2026 compared to 479 days at 30 Jun 2026.
2026年末应收账款周转天数相较6月30日的479天的变化。 - Further share pledge or release filings by the actual controller.
实际控制人是否继续发生股份质押或解除质押的公告。 - New litigation or arbitration filings beyond the one disclosed on 30 Jul 2026.
除2026年7月30日公告的诉讼仲裁外是否新增案件。 - Operating cash flow per share in the full year 2026, following a negative RMB0.26 in the first half.
在上半年每股经营现金流为-0.26元后，2026全年该指标的表现。 - Revenue growth in the second half of 2026 compared to the first half's +2.2%.
2026年下半年收入增速相较上半年+2.2%的变化。
Facts 事实
- Company: Beijing Sys Science & Technology 科净源, Shenzhen Stock Exchange 301372; industry Environmental Services; listed 11 Aug 2023.
公司：科净源，深圳证券交易所 301372；行业：环境治理；上市日期：2023年8月11日。 - Close on 24 Sep 2026 RMB34.48; close on 24 Sep 2025 RMB25.57; one-year change +34.8%.
2026年9月24日收盘价34.48元；2025年9月24日收盘价25.57元；一年涨跌幅+34.8%。 - 52-week range RMB24.27 to RMB40.36.
52周区间24.27元至40.36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: 10 Apr 2026 +9.4%; 20 Jul 2026 -12.7%. 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4月10日 +9.4%；2026年7月20日 -12.7%。其中任意两个交易日均不相邻。 - Market capitalisation RMB2.36bn; P/E TTM not meaningful (loss-making); price to book 3.18x.
总市值23.64亿元；市盈率（TTM）不适用（亏损）；市净率3.18倍。 - Revenue 2025 RMB276.3m; 2024 RMB191.3m; change +44.4%.
营业收入2025年2.76亿元；2024年1.91亿元；同比+44.4%。 - Attributable net profit 2025 -RMB37.7m; 2024 -RMB131.1m; change +71.2% (the loss narrowed).
归属于母公司股东的净利润2025年-3,770.1万元；2024年-1.31亿元；同比+71.2%（亏损收窄）。 - Net profit excluding non-recurring items, 2025 change +67.4%.
2025年扣除非经常性损益后的净利润同比+67.4%。 - Basic EPS 2025 -RMB0.55; 2024 -RMB1.91.
基本每股收益2025年-0.55元；2024年-1.91元。 - Operating cash flow per share 2025 RMB0.85; 2024 -RMB1.79.
每股经营现金流2025年0.85元；2024年-1.79元。 - 2025 gross margin 21.7%; net margin -13.8%; ROE -5.0%.
2025年毛利率21.7%；净利率-13.8%；净资产收益率-5.0%。 - At 30 Jun 2026: liabilities to assets 49.0%; current ratio 1.10; quick ratio 0.92; receivable days 479; inventory days 317.
截至2026年6月30日：资产负债率49.0%；流动比率1.10；速动比率0.92；应收账款周转天数479；存货周转天数317。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB152.6m, change +2.2%; attributable net profit RMB7.6m, change -41.1%; operating cash flow per share -RMB0.26.
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1.53亿元，同比+2.2%；归母净利润755.1万元，同比-41.1%；每股经营现金流-0.26元。 - In the 12 months to 25 Sep 2026: 2 distinct filings classed critical, high or as a lift; by class: 1 filing classed Litigation; 1 filing classed Share Pledge. 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2份；按类别：归为诉讼仲裁的公告1份；归为股份质押的公告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。 - 30 Jul 2026, Litigation (high): filing titled 《关于新增累计诉讼、仲裁及前期诉讼、仲裁进展的公告》.
2026年7月30日，诉讼仲裁：公告《关于新增累计诉讼、仲裁及前期诉讼、仲裁进展的公告》。 - 23 Jul 2026, Share Pledge (high): filing titled 《关于实际控制人部分股份质押的公告》.
2026年7月23日，股份质押：公告《关于实际控制人部分股份质押的公告》。 - Ownership: actual controller 葛敬,张茹敏; controlling shareholder 葛敬; largest holder at 30 Jun 2026: 葛敬, 23.99%.
股权：实际控制人：葛敬,张茹敏；控股股东：葛敬；2026年6月30日第一大股东：葛敬，持股23.99%。 - 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。 - Aurelian Grade D, score 36.1 of 100, graded within a peer group of 108 companies in its industry; no rank among peers is given.
金源评级D，得分36.1（满分100），于行业同业108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。