浙江健盛集团2026年第一季度报告详解：业绩持续高增长，净利润大幅提升

一、业绩亮点及关键财务数据

浙江健盛集团股份有限公司（603558）于2026年4月23日发布了未经审计的2026年第一季度财报，整体业绩表现强劲，显示出公司核心盈利能力进一步增强。主要财务数据如下：

• 营业收入： 57,576.5万元，同比增长2.79%。
• 利润总额： 10,545.7万元，同比增长45.28%。
• 归属于上市公司股东的净利润： 9,133.8万元，同比增长51.92%。
• 扣非归母净利润： 7,966.1万元，同比增长29.97%。
• 基本每股收益： 0.28元，同比增长64.71%。
• 加权平均净资产收益率： 3.90%，提升1.5个百分点。
• 经营活动现金流净额： 1.25亿元，同比下降36.51%。

二、业绩变动主要原因

• 公司表示，利润大幅增长主要得益于管理提效及政府补助的提升。
• 扣除非经常性损益后净利润仍大幅提升，显示主营业务持续改善。
• 本期经营现金流下降，主要因增加备料支出及上期收到大额出口退税。

三、非经常性损益详细分析

• 本期非经常性损益合计1,167.6万元，主要包括：
  • 政府补助：1,322.4万元
  • 处置非流动资产收益：144.2万元
  • 金融资产公允价值变动及处置收益：27.5万元
  • 其他营业外收支净额：-53.3万元
  • 所得税影响：-273.1万元

四、资产结构与负债动态

• 总资产： 38.2亿元，较年初下降1.35%。
• 归属于股东的所有者权益： 23.46亿元，基本持平。
• 存货： 6.59亿元，较年初增加。
• 货币资金： 4.80亿元，流动性充足。
• 短期借款： 7.67亿元，较年初下降。
• 长期借款： 2.09亿元，显著增加，显示公司融资结构有所调整。
• 应收账款： 5.28亿元，较年初减少。

五、股东结构与重要股东变动

• 公司股东结构稳定，控股股东张茂义持股38.59%，其中2,997万股被质押。
• 前十大股东中，杭州易登贸易有限公司、夏可才等为主要个人或法人股东。
• 主要股东之间存在关联关系，需关注相关交易的独立性。

六、现金流状况

• 经营活动现金流： 1.25亿元，因备料增加及退税因素同比减少。
• 投资活动现金流： 净流出3,879万元，主要因购建固定资产及无形资产增加。
• 筹资活动现金流： 净流入179万元，贷款增加但偿债压力仍在。
• 期末现金及现金等价物： 4.78亿元，资金较为充裕。

七、其他股东应关注的重要事项

• 一季度业绩大幅超越去年同期，盈利能力持续提升，对公司估值具有正面推动作用。
• 政府补助对利润有较大影响，需关注未来补助政策的持续性。
• 管理效率提升对公司长期成长构成利好。
• 公司并无披露新的重大投资、并购、诉讼等事项。
• 外币报表折算损益对其他综合收益影响较大，需留意汇率变动风险。

八、结论

浙江健盛集团2026年第一季度业绩表现优异，净利润及每股收益大幅增长，体现公司在主营业务提效和成本管控方面成效显著。政府补助的增加和管理改进是推动本期业绩超预期的主要因素。经营现金流下降值得关注，但整体财务状况稳健。公司股权结构稳定，资金充裕。综合来看，本期业绩表现对公司股价有显著正面推动，值得投资者重点关注。

免责声明： 本文仅根据浙江健盛集团2026年第一季度公开财报撰写，不构成任何投资建议。投资者应结合自身实际情况，审慎决策。公司未来业绩受多种因素影响，投资有风险，入市需谨慎。

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English version:

Detailed Analysis of Zhejiang Jiansheng Group’s Q1 2026 Report: Strong Profit Growth Drives Positive Outlook

1. Highlights and Key Financial Data

Zhejiang Jiansheng Group Co., Ltd. (603558) released its unaudited financial report for Q1 2026 on April 23, 2026, showing robust performance and further improvements in core profitability. Key figures include:

• Operating revenue: RMB 575.77 million, up 2.79% year-on-year.
• Total profit: RMB 105.46 million, up 45.28% year-on-year.
• Net profit attributable to shareholders: RMB 91.34 million, up 51.92% year-on-year.
• Net profit excluding non-recurring items: RMB 79.66 million, up 29.97% year-on-year.
• Basic EPS: RMB 0.28, up 64.71%.
• Weighted average ROE: 3.90%, up 1.5 percentage points.
• Net operating cash flow: RMB 124.82 million, down 36.51%.

2. Main Reasons for Profit Change

• Profit surge mainly due to improved management efficiency and increased government subsidies.
• Excluding non-recurring items, net profit still rose significantly, indicating continued improvement in core operations.
• Operating cash flow dropped due to increased inventory purchases and a large export tax rebate received in the prior period.

3. Non-Recurring Profit and Loss Analysis

• Total non-recurring profit and loss: RMB 11.68 million, mainly:
  • Government subsidies: RMB 13.22 million
  • Disposal of non-current assets: RMB 1.44 million
  • Financial asset fair value changes and disposal gains: RMB 0.28 million
  • Other non-operating net income: -RMB 0.53 million
  • Tax impact: -RMB 2.73 million

4. Asset Structure and Liability Dynamics

• Total assets: RMB 3.82 billion, down 1.35% from the start of the year.
• Shareholders’ equity: RMB 2.35 billion, basically unchanged.
• Inventory: RMB 659 million, increased from year start.
• Monetary funds: RMB 480 million, showing strong liquidity.
• Short-term borrowings: RMB 767 million, decreased from year start.
• Long-term borrowings: RMB 209 million, increased significantly, indicating financing structure adjustment.
• Accounts receivable: RMB 528 million, decreased from year start.

5. Shareholding Structure and Key Shareholder Changes

• The shareholding structure is stable. Controlling shareholder Zhang Maoyi holds 38.59%, with 29.97 million shares pledged.
• Other major shareholders include Hangzhou Yideng Trading Co., Ltd., Xia Kecai, and other individuals or corporates.
• There are related-party relationships among key shareholders, which may affect transaction independence.

6. Cash Flow Position

• Net operating cash flow: RMB 125 million, down due to increased inventory and last year’s tax rebate.
• Net investing cash outflow: RMB 38.79 million, mainly due to increased spending on fixed and intangible assets.
• Net financing cash inflow: RMB 1.79 million, as borrowings increased but debt repayment remains sizable.
• Ending cash and equivalents: RMB 478 million, indicating strong liquidity.

7. Other Key Issues for Shareholders

• First-quarter profit and EPS rose sharply, which is likely to positively impact company valuation.
• Government subsidies significantly contributed to profit; sustainability of such policies should be monitored.
• Management efficiency improvements are positive for long-term growth.
• No new disclosures of major investments, M&A, or litigation.
• Foreign currency translation losses impacted other comprehensive income; currency risk should be watched.

8. Conclusion

Zhejiang Jiansheng Group delivered a strong first quarter in 2026, with notable gains in net profit and EPS, driven by operational improvements and higher government support. While operating cash flow declined, the overall financial position remains robust. The shareholding structure is stable and liquidity is ample. These results are likely to have a significant positive impact on the company’s share price and warrant close attention from investors.

Disclaimer: This article is based solely on Zhejiang Jiansheng Group’s Q1 2026 public financial report and is not investment advice. Investors should evaluate their own circumstances carefully. Future performance is subject to many factors, and investment involves risk.

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