---
title: "航發科技 (600391.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/600391.SH/norm.md"
symbol: "600391.SH"
name: "航發科技"
parent: "https://longbridge.com/zh-HK/quote/600391.SH.md"
datetime: "2026-05-20T20:23:22.721Z"
locales:
  - [en](https://longbridge.com/en/quote/600391.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600391.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600391.SH/norm.md)
---

# 航發科技 (600391.SH) — 財務報表

## 損益表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 每股收益 | -0.0340 | 0.0871 | 0.0617 | 0.0186 | 0.0110 |
| ROE | -2.55% | 7.13% | 4.38% | 1.56% | 0.86% |
| 營業收入 | 720.92M | 1.24B | 1.43B | 902.68M | 756.05M |
| 凈利潤 | -11.35M | 31.56M | 19.10M | 6.65M | 3.57M |
| 營業利潤 | 40.87M | 49.26M | 61.11M | 53.20M | 41.38M |
| 毛利率 | 15.81% | 10.41% | 9.54% | 18.20% | 14.83% |
| 凈利率 | -1.57% | 2.55% | 1.34% | 0.74% | 0.47% |
| 利潤含金量 | -248.68% | 8.78% | 14.06% | 35.78% | 41.13% |

## 資產負債表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 8.25B | 8.53B | 8.00B | 8.58B | 8.22B |
| 權益乘數 | 2.76 | 2.87 | 2.74 | 2.98 | 3.07 |
| 每股凈資產 | 5.37 | 5.41 | 5.67 | 5.26 | 5.04 |
| 資產周轉率 | 0.5206 | 0.5168 | 0.5171 | 0.4123 | 0.4549 |
| 現金及短投 | 314.10M | 581.51M | 294.81M | 418.12M | 140.11M |
| 存貨與應收 | 2.59B | 2.43B | 2.51B | 3.20B | 3.26B |
| 長期投資 | 2.50B | 2.52B | 2.14B | 2.07B | 2.06B |
| 凈債務 | 1.56B | 1.32B | 1.34B | 1.72B | 1.96B |

## 現金流量表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | -16.44M | 560.93M | 434.52M | 148.67M | 100.61M |
| 投資現金流 | -72.99M | -141.98M | -103.93M | -70.38M | -101.71M |
| 融資現金流 | -173.52M | -130.75M | -452.70M | 197.87M | -164.45M |
| 自由現金流 | -302.78M | 657.64M | 149.14M | 287.04M | -142.20M |
| 現金流充裕率 | -2.25% | 98.10% | 56.93% | 173.87% | 7.65% |
| 舉債與償債 | 650.00M | 248.00M | 220.20M | 109.88M | 1.10B |
| 資本支出 | -72.99M | -142.41M | -104.67M | -70.38M | -101.71M |

## 分紅方案

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| 1股派息 
0.03人民幣 | 2018-06-14 | 2018-06-15 | 2018-06-15 |