---
title: "明陽智能 (601615.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/601615.SH/norm.md"
symbol: "601615.SH"
name: "明陽智能"
parent: "https://longbridge.com/zh-HK/quote/601615.SH.md"
datetime: "2026-05-20T02:42:25.654Z"
locales:
  - [en](https://longbridge.com/en/quote/601615.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/601615.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/601615.SH/norm.md)
---

# 明陽智能 (601615.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 | 0.0100 | -0.0574 | 0.0696 | 0.1403 | 0.1300 |
| ROE | 0.37% | -1.61% | 2.37% | 4.67% | 4.58% |
| 營業收入 | 8.66B | 11.79B | 9.16B | 9.44B | 7.70B |
| 凈利潤 | 24.66M | -105.88M | 155.83M | 307.87M | 302.06M |
| 營業利潤 | 84.24M | -155.05M | 344.36M | 286.09M | 345.61M |
| 毛利率 | 10.20% | 7.00% | 10.23% | 11.28% | 13.19% |
| 凈利率 | 0.28% | -0.90% | 1.70% | 3.26% | 3.92% |
| 利潤含金量 | -2.15% | - | -24.21% | -21.59% | -15.87% |

## 資產負債表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 資產與負債 | 97.74B | 96.85B | 91.33B | 90.82B | 88.32B |
| 權益乘數 | 3.56 | 3.54 | 3.33 | 3.33 | 3.19 |
| 每股凈資產 | 10.70 | 14.27 | 11.79 | 11.95 | 11.43 |
| 資產周轉率 | 0.4198 | 0.4149 | 0.3814 | 0.3695 | 0.3440 |
| 現金及短投 | 3.70B | 13.39B | 2.57B | 14.47B | 14.79B |
| 存貨與應收 | 16.83B | 18.22B | 18.46B | 16.35B | 14.29B |
| 長期投資 | 20.24B | 20.62B | 20.13B | 19.84B | 19.47B |
| 凈債務 | 17.83B | 5.50B | 15.52B | 4.57B | 4.15B |

## 現金流量表 (CNY)

| 指標 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| 經營現金流 | -3.91B | -612.08M | -1.42B | -1.33B | -2.18B |
| 投資現金流 | -2.15B | 838.33M | 756.20M | -2.05B | -1.43B |
| 融資現金流 | 4.24B | 1.86B | -1.71B | 1.06B | 2.28B |
| 自由現金流 | -13.78B | 12.79B | -10.89B | 153.20M | -4.98B |
| 現金流充裕率 | -291.48% | -23.84% | -63.99% | -41.18% | -193.11% |
| 舉債與償債 | 4.90B | 5.66B | -1.61B | 3.45B | 1.93B |
| 資本支出 | -442.13M | 283.02M | -562.13M | -1.50B | -761.34M |

## 分紅方案

**股息率**: 1.74

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| 1股派息 
0.2879人民幣 | 2025-07-03 | 2025-07-04 | 2025-07-04 |
| 1股派息 
0.2879人民幣 | 2024-07-04 | 2024-07-05 | 2024-07-05 |
| 1股派息 
0.3041人民幣 | 2023-06-13 | 2023-06-14 | 2023-06-14 |