换肤

京城股份

i问董秘
企业号

600860

主营介绍

  • 主营业务:

    气体储运板块、智能制造板块。

  • 产品类型:

    气体储运产品、自动化制造设备系统集成

  • 产品名称:

    车用液化天然气(LNG)气瓶 、 车用压缩天然气(CNG)气瓶 、 钢质无缝气瓶 、 焊接绝热气瓶 、 碳纤维全缠绕复合气瓶 、 燃料电池用铝内胆碳纤维全缠绕复合气瓶 、 塑料内胆碳纤维全缠绕复合气瓶 、 加气站设备 、 地面输送装配系统产品 、 悬挂链空中输送系统产品 、 机器人集成应用和冲压连线产品 、 非标自动化专机产品

  • 经营范围:

    许可经营项目:普通货运;专业承包。一般经营项目:开发、设计、销售、安装、调试、修理低温储运容器、压缩机(活塞式压缩机、隔膜式压缩机、核级膜压缩机)及配件;机械设备、电气设备;技术咨询、技术服务;货物进出口、技术进出口、代理进出口。通用设备制造(不含特种设备制造);专用设备制造(不含许可类专业设备制造);机械设备研发;机械设备销售;智能基础制造装备制造;智能机器人的研发;工业机器人制造;智能机器人销售;工业机器人销售;工业机器人安装、维修;伺服控制机构制造;人工智能硬件销售;工业自动控制系统装置制造;工业自动控制系统装置销售;智能仓储装备销售;海洋工程装备制造;海洋工程装备销售;石油钻采专用设备制造;石油钻采专用设备销售;普通机械设备安装服务;信息系统集成服务;软件开发;软件销售;信息技术咨询服务;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;工业互联网数据服务;货物进出口;技术进出口;金属材料制造;金属材料销售。(除依法须经批准的项目外,凭营业执照依法自主开展经营活动)许可项目:电气安装服务。(依法须经批准的项目,经相关部门批准后方可开展经营活动,具体经营项目以相关部门批准文件或许可证件为准)。

运营业务数据

最新公告日期:2026-03-28 
业务名称 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
销量:低温储运产业(只) 1.18万 1.05万 7758.00 - -
销量:复合气瓶及系统集成产业(只) 12.26万 12.80万 9.82万 - -
销量:常规钢瓶产业(只) 98.55万 130.51万 116.08万 - -
产量:常规钢瓶产业(只) 80.03万 102.33万 91.83万 - -
产量:低温储运产业(只) 1.46万 1.11万 8837.00 - -
产量:复合气瓶及系统集成产业(只) 11.47万 13.65万 9.66万 - -
钢质无缝气瓶产量(只) - - - 86.81万 99.99万
钢质无缝气瓶销量(只) - - - 119.10万 115.41万
低温储罐销量(只) - - - 280.00 447.00
低温瓶产量(只) - - - 8426.00 8021.00
低温瓶销量(只) - - - 7758.00 7918.00
复合气瓶产量(只) - - - 11.73万 10.75万
复合气瓶销量(只) - - - 12.18万 10.88万
低温储罐产量(只) - - - 262.00 486.00
加气站产量(座) - - - - 1.00
加气站销量(座) - - - - 1.00

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

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前5大客户:共销售了4.30亿元,占营业收入的28.13%
  • 海尔集团所属公司
  • Cespira ItalyS.r.l.
  • 青岛雷悦重工股份有限公司
  • 北京艾迪希数据科技发展有限公司
  • Kaplan Industries In
  • 其他
客户名称 销售额(元) 占比
海尔集团所属公司
2.10亿 13.71%
Cespira ItalyS.r.l.
6984.63万 4.57%
青岛雷悦重工股份有限公司
5283.19万 3.46%
北京艾迪希数据科技发展有限公司
5034.33万 3.29%
Kaplan Industries In
4742.30万 3.10%
前5大客户:共销售了3.81亿元,占营业收入的23.14%
  • 华勋电子科技有限责任公司
  • 青岛海尔制冷电器有限公司
  • 32024 S.r.l.
  • 深圳腾龙控股股份有限公司
  • 巴克立伟(天津)液压设备有限公司
  • 其他
客户名称 销售额(元) 占比
华勋电子科技有限责任公司
9709.28万 5.89%
青岛海尔制冷电器有限公司
9155.75万 5.56%
32024 S.r.l.
6984.08万 4.24%
深圳腾龙控股股份有限公司
6373.54万 3.87%
巴克立伟(天津)液压设备有限公司
5900.21万 3.58%
前5大客户:共销售了3.92亿元,占营业收入的27.90%
  • 青岛海尔制冷电器有限公司
  • 巴克立伟(天津)液压设备有限公司
  • 深圳腾龙控股股份有限公司
  • Western Internationa
  • Cyl-Tec,Inc.
  • 其他
客户名称 销售额(元) 占比
青岛海尔制冷电器有限公司
1.35亿 9.64%
巴克立伟(天津)液压设备有限公司
7992.98万 5.69%
深圳腾龙控股股份有限公司
6374.32万 4.54%
Western Internationa
6079.87万 4.33%
Cyl-Tec,Inc.
5203.64万 3.70%
前5大客户:共销售了1.54亿元,占营业收入的24.61%
  • 青岛海尔制冷电器有限公司
  • 深圳腾龙控股股份有限公司
  • Western Internationa
  • 巴克立伟(天津)液压设备有限公司
  • Cyl-Tec,Inc.
  • 其他
客户名称 销售额(元) 占比
青岛海尔制冷电器有限公司
4333.63万 6.92%
深圳腾龙控股股份有限公司
3187.71万 5.09%
Western Internationa
3008.89万 4.81%
巴克立伟(天津)液压设备有限公司
2716.51万 4.34%
Cyl-Tec,Inc.
2156.97万 3.45%
前5大客户:共销售了2.84亿元,占营业收入的20.72%
  • 巴克立伟(天津)液压设备有限公司
  • ThyssenKrupp Steel S
  • Cyl-Tec,Inc.
  • Western Internationa
  • Westport Fuel System
  • 其他
客户名称 销售额(元) 占比
巴克立伟(天津)液压设备有限公司
7393.94万 5.39%
ThyssenKrupp Steel S
6689.28万 4.87%
Cyl-Tec,Inc.
5498.59万 4.01%
Western Internationa
4631.23万 3.37%
Westport Fuel System
4225.65万 3.08%

董事会经营评述

  一、报告期内公司从事的业务情况
  (一)经营业务范围
  许可经营项目:普通货运;专业承包。
  一般经营项目:开发、设计、销售、安装、调试、修理低温储运容器、压缩机(活塞式压缩机、隔膜式压缩机、核级膜压缩机)及配件;机械设备、电气设备;技术咨询、技术服务;货物进出口、技术进出口、代理进出口。通用设备制造(不含特种设备制造);专用设备制造(不含许可类专业设备制造);机械设备研发;机械设备销售;智能基础制造装备制造;智能机器人的研发;工业机器人制造;智能机器人销售;工业机器人销售;工业机器人安装、维修;伺服控制机构制造;人工智能硬件销售;工业自动控制系统装置制造;工业自动控制系统装置销售;... 查看全部▼

  一、报告期内公司从事的业务情况
  (一)经营业务范围
  许可经营项目:普通货运;专业承包。
  一般经营项目:开发、设计、销售、安装、调试、修理低温储运容器、压缩机(活塞式压缩机、隔膜式压缩机、核级膜压缩机)及配件;机械设备、电气设备;技术咨询、技术服务;货物进出口、技术进出口、代理进出口。通用设备制造(不含特种设备制造);专用设备制造(不含许可类专业设备制造);机械设备研发;机械设备销售;智能基础制造装备制造;智能机器人的研发;工业机器人制造;智能机器人销售;工业机器人销售;工业机器人安装、维修;伺服控制机构制造;人工智能硬件销售;工业自动控制系统装置制造;工业自动控制系统装置销售;智能仓储装备销售;海洋工程装备制造;海洋工程装备销售;石油钻采专用设备制造;石油钻采专用设备销售;普通机械设备安装服务;信息系统集成服务;软件开发;软件销售;信息技术咨询服务;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;工业互联网数据服务;货物进出口;技术进出口;金属材料制造;金属材料销售。(除依法须经批准的项目外,凭营业执照依法自主开展经营活动)许可项目:电气安装服务。(依法须经批准的项目,经相关部门批准后方可开展经营活动,具体经营项目以相关部门批准文件或许可证件为准)。
  (二)主要产品及应用
  (1)气体储运板块:
  主要产品包括:车用液化天然气(LNG)气瓶、车用压缩天然气(CNG)气瓶、钢质无缝气瓶、焊接绝热气瓶、碳纤维全缠绕复合气瓶、燃料电池用铝内胆碳纤维全缠绕复合气瓶、塑料内胆碳纤维全缠绕复合气瓶、加气站设备等。
  (2)智能制造板块:
  主要产品包括:地面输送装配系统产品、悬挂链空中输送系统产品、机器人集成应用和冲压连线产品、非标自动化专机产品等。
  (三)经营业务模式
  (1)气体储运板块:
  公司产品经营模式为产品研发、原料采购、生产加工、销售几个环节,即:
  采购模式:公司生产主要原料为钢铁,主要产品为钢瓶。采取货到付款的方式采购。
  生产模式:由于钢瓶生产工艺复杂,生产过程多是高温高压、低温负压并连续性强,所以公司生产必须保持连续稳定长周期运行。
  销售模式:公司产品销售模式主要采取直销和经销模式。通过有实力并有一定渠道的经销商占领市场,同时向有条件的厂家和终端客户直接销售,获取部分终端市场份额。
  (2)智能制造板块:
  公司聚焦工业自动化、信息化领域,根据客户生产工艺进行生产线布局、自动化专用设备研发和信息化工业软件系统开发,并在外购机器人和专用机械等设备的基础上二次开发操作软件、集成自主生产的非标设备以满足客户个性化需求,主要产品为信息化、自动化的智能制造装备。
  
  二、报告期内公司所处行业情况
  (一)气体储运板块
  气体储运装备行业上游主要为钢铁、锻件等,中游行业为气体储运装备制造行业,下游为气体储运装备应用行业,主要应用于化工、医疗、食品加工、航空航天等领域,气体储运装备行业的市场需求保持着较为平稳的增长趋势,市场规模得以维持较高水平。
  (1)钢瓶产业:
  我国工业气体市场整体保持稳中向好,钢瓶板块市场总量平稳回升。2025年国内经济环境逐步改善,气瓶市场需求回暖、基本达到预期。全年在政策落地见效、工业升级持续推进、设备更新集中释放的带动下,钢瓶板块需求实现稳健增长。
  (2)复合气瓶产业:
  氢能产业链由政策培育阶段转向规模化落地冲刺阶段。根据中汽协数据,2025年全国燃料电池汽车产销分别实现恢复性增长。在碳中和目标推进、示范应用政策收官冲量、终端场景加速拓展的带动下,氢能需求稳步释放。
  (3)低温产业:
  2025年,国内低温瓶受基建投资增速放缓、大宗工业气体用量复苏缓慢影响,叠加“快易冷”等液态供气模式持续替代,整体市场需求仍处于低位调整阶段。车用瓶市场方面,2025年国内重卡延续存量更新为主的格局,LNG重卡替换需求平稳释放。全年车载LNG瓶市场整体保持稳定,未出现大幅波动。
  (二)智能制造板块
  (1)自动化设备行业:
  2025年中国工业自动化设备市场规模处于较高水平,传统领域增速放缓,新兴领域如协作机器人市场规模增加。人工智能大模型在工业控制和流程优化中加快应用,机器人向具身智能发展,并深度融合大模型以提升交互能力。自动化与工业互联网、数字孪生等技术深度交融。
  行业整体处于成长期向成熟期过渡的阶段。传统工业自动化领域增速趋稳,竞争焦点转向成本与服务。而新兴领域(如协作机器人、医疗及物流自动化)仍处于高速成长期,是主要的增长引擎。市场虽在复苏,但价格竞争依然激烈,中小企业面临较大的盈利和生存压力。
  未来,自动化设备行业预计将保持稳健增长。技术融合(人工智能+自动化)、国产替代的深入、以及向高度智能化(如“机器人服务”模式)和绿色化转型,将成为行业发展的长期方向。
  (2)家电行业:
  2025年中国家电行业在“以旧换新”政策驱动下稳步增长,仅前10个月累计零售额保持较快增速。行业整体在政策驱动下稳健复苏,盈利逐步改善,产品转型升级,绿色健康型、场景化与套系化产品成为消费市场的首选。海外业务成为关键增长点,上半年行业内相关上市公司境外收入整体规模可观。
  当前行业环境下,政策助推行业升级,标准引导行业更加规范,加速全球化品牌建设和技术融合创新。在家电行业的智能化、绿色化、场景化趋势下,其生产设备自动化进程正从“制造自动化”向“产品智能化”和“场景自主化”延伸。短期来看,生产端的智能化改造是提升竞争力的基础;长期来看,以机器人为代表的智能产品在未来有决定作用。
  三、经营情况讨论与分析
  2025年是“十四五”收官之年,面对全球产业链重构、行业内卷加剧等急剧变化的外部挑战,公司始终坚持党中央的领导,坚决贯彻落实各项决策部署,坚定高质量发展目标,以聚焦年度任务为抓手,谋战略、拓市场、抓经营、增效益、控风险、提效益,去陈就新,持续巩固扩展企业良好发展根基,努力实现“十四五”向“十五五”平稳过渡,做好衔接、夯实基础,为未来五年的高质量发展明确路径、积蓄动能,奋力开创公司发展新局面。
  1、战略引领筑根基,改革攻坚强动能
  站在“十四五”收官与“十五五”开启的历史交汇点,公司全力以赴推进战略规划编制,精准把握新形势、新任务、新发展理念,科学研判外部环境变化,系统梳理内外部资源及核心能力,广泛汇聚各方智慧,凝聚发展共识,明确公司“十五五”战略规划的指导思想、发展原则、核心目标、业务布局和保障措施,为公司未来五年高质量发展擘画蓝图。
  2、市场攻坚固基础,结构优化拓新局
  (1)气体储运板块:
  2025年,在国际市场上,公司通过主动与客户协商、优化库存管理、严格跟踪政策等方式,直面竞争压力,稳定市场份额。同时,公司积极开拓新市场,加大宣传力度,持续深化与大客户的合作,强化公司产品的国际市场准入优势。在国内市场,通过差异化策略实现产品精准布局,扩大客群覆盖面,主动挖掘新项目新合作,在与既有客户稳定合作的基础上,与多家新客户达成合作,并深度切入相关产品细分市场,不断扩大规模。
  (2)智能制造板块:
  公司稳固推进传统家电市场方面的业务,并延续其他生产设备领域合作,加强长期战略合作,为公司后续发展打下基础。此外,面对客户产品需求整体变化,公司根据自身技术特点、生产能力、管理水平等因素,灵活配比各项生产资源,优化公司项目结构,在保持业务规模的同时维持毛利率稳定。
  3、创新驱动蓄势能,智造赋能有提升
  报告期内,公司持续强化科技创新与产业升级,全年保持较高研发投入。公司建成国内先进的综合性研发测试平台并正式使用,主导及参与修订多项国家标准,取得数十项新增专利授权。紧密跟踪客户需求,以市场导向为引领开展技术攻关,产品谱系持续完善,市场响应能力进一步增强。深入推进数字化转型,公司自主研发的检测系统与无人化关键零部件加工生产线落地应用,部分生产线关键设备实现高度智能化调度与协同化生产,整体效率大幅提高。
  子公司北洋天青通过较高强度的研发费用投入,持续保障技术研发。自动上压机技术的研发进一步更新迭代,扩大了公司该类核心产品的竞争壁垒。机器人结合视觉的应用扩展,相关产品的全自动化技术与安装工艺的不断精进,降低了产品成本,提高了公司在相应产品板块的市场竞争力和占有率,延展了应用范围,增强了获利能力。
  4、运营提质挖潜能,协同增效促发展
  2025年,公司以提升经营质量为核心,聚焦“研、产、供、销”关键价值链环节,持续推进精益管理,扎实推动企业运营提质增效。通过拓展优质供方、产品研发等多项措施实现较大幅度的采购降本、科技降本与制造降本。强化财务管控,降低融资成本,优化资金结构,保障战略业务的资金需求。强化干部人才队伍建设,提升职业技能,持续优化队伍结构。进一步落实6S现场管理制度,营造全员参与氛围,实现工作环境改善与员工素养提升。
  5、风险防控筑屏障,合规护航稳运行
  公司通过积极统筹化解经营风险,夯实制度基础,深化内控管理,健全安全体系等措施,持续强化依法合规治企,系统推进风险防控、安全质量等重点领域管理提升,为高质量发展构筑了坚实屏障。
  
  四、报告期内核心竞争力分析
  (一)气体储运板块核心竞争力分析
  公司经过多年的发展,对内在不断的行业变革中深度夯实管理质效与创新能效,对外在激烈的市场竞争中紧密联系客户需求与市场导向,踔厉奋发,勇毅前行,逐渐在规模与品牌、技术、销售体系、人力资源等方面形成以下竞争优势:
  1、规模与品牌优势
  公司是一个拥有七个专业气体储运装备生产基地及一个美国公司的集团公司。经过二十多年的经营发展,公司在行业内树立了技术基础优良、产品稳定可靠的企业形象,天海品牌已成为行业内知名品牌之一。
  2、技术优势
  经过持续不断的技术研发创新,目前公司及下属子公司具有B1级无缝气瓶、B3级纤维缠绕气瓶、B4级低温绝热气瓶的设计和A2级高压容器、B1级无缝气瓶、B3级纤维缠绕气瓶、B4级低温绝热气瓶生产资质。现可生产800余个品种规格的钢质无缝气瓶、缠绕气瓶、焊接绝热气瓶、铝内胆碳纤维全缠绕复合气瓶、塑料内胆碳纤维全缠绕复合气瓶、车载供气系统及加气站等系列产品;公司的产品广泛应用于汽车、化工、消防、医疗、石油、能源、城建、食品、冶金、机械、电子等行业。
  同时,凭借对清洁能源、绿色能源市场的准确把握,公司通过对车用LNG/CNG气瓶、车用GH2/LH2气瓶、车用供气系统、加气站等气体储运装备技术整合,可为客户提供LNG/CNG/GH2/LH2系统解决方案。
  3、销售体系优势
  公司建立了完备的销售网络。在国内基本实现各个地区全覆盖,为国内汽车行业主要的汽车厂商等提供零部件;在境外建立了多个销售网点,主要分布在美国、新加坡、韩国、印度、澳大利亚等国家,相关产品已被多家全球主流气体公司接受;为了打通基层与市场的链接,提高战略执行单元的活力和经营业绩,公司对内部的管控模式进行了转型升级,使各下属公司建立起研产供销为一体的事业部模式,充分释放组织活力,能够针对市场变化灵活快速的做出反应,切实提升经营业绩。
  公司凭借先进的技术、优良的管理水平、可靠的产品质量和完善的售后服务体系,稳步向成为全球领先的能源气体储运装备制造及服务企业迈进。
  4、人力资源优势
  公司建立了符合市场竞争要求的内部组织体系和运行机制、绩效考核机制和薪酬福利体系,为干部员工提供个人与企业共同成长、共享发展成果的事业发展平台,创造良好的企业文化氛围,实现事业留人、待遇留人、感情留人。在研发、销售、管理、运营及生产一线等岗位,打造德才兼备、具有核心能力和职业素养的核心人才队伍。
  (二)智能制造板块核心竞争力分析
  公司紧盯行业动态及政策,持续跟踪竞争对手动向,紧密贴合市场需求,持续深耕家电行业,依托具有高度竞争力与创新力的产品线为客户提供生产线的自动化和信息化建设、升级,以及智慧工厂的整体解决方案,其主要产品继续在家电行业深度和广度上继续拓展,使公司具备以下优势:
  (1)技术优势
  公司聚焦工业自动化领域,深耕家电行业,以企业信息化业务版块为驱动核心,以定制化智能制造装备为基础,打通设备层、控制层、运营层、决策层,具备为客户提供工业自动化、数字化、网络化、智能化的产品和服务的能力。
  (2)销售优势
  公司建立了较强的销售团队,围绕核心客户,深度了解客户需求,充分释放团队活力,能够针对市场变化快速调整营销模式。公司凭借先进的技术、可靠的质量和优良的销售管理团队,锚定家电业务细分市场,稳步扩大市场份额。
  (3)人力资源优势
  公司组建了高效专业的人员团队,建立了绩效考核和薪酬福利制度,充分调动员工的自主创新积极性,为员工提供与企业共同成长的平台。在技术、生产、销售、管理、运营等核心岗位培养专业素质过硬的优秀人才。
  建立现代化企业管理制度,涵盖战略规划、风险防控、合规运营等全流程,形成科学决策机制与标准化执行体系,保障业务高效运转与可持续发展。
  (4)战略协同优势:公司依托战略资源优势,强化产业链纵向垂直整合,通过统一战略规划实现技术研发、生产制造、市场渠道等环节的高效协同。加强横向业务联动,建立跨企业、跨部门协作机制,共享研发成果与供应链资源,降低运营成本;形成品牌矩阵联动效应,整合客户资源与服务体系,增强综合解决方案输出能力。通过生态圈建设,延伸智能家居、工业互联网等关联领域布局,努力提升行业全价值链服务能力,强化抗周期风险的综合竞争力。
  
  五、报告期内主要经营情况
  报告期内,公司实现营业收入约15.28亿元,同比下降约7.33%;营业成本约为12.79亿元,同比下降约4.57%。
  
  六、公司关于公司未来发展的讨论与分析
  (一)行业格局和趋势
  1、气体储运板块:
  钢瓶产业:2026年受国际贸易壁垒影响,传统主流出口市场受限明显,出口结构被迫转向新兴市场,国际市场压力仍处高位。国内市场在制造业复苏、设备更新换代、安全合规趋严的带动下,工业瓶需求延续修复态势,半导体、芯片、氢能、医疗等高端领域带动特种气瓶、高纯气瓶需求快速提升,产品结构持续升级;但国内市场仍以存量替换为主、增量有限,行业竞争进一步白热化。
  复合气瓶产业:2026年国家接续启动新一轮氢能综合应用试点,政策由示范考核转向规模化推广,全国燃料电池汽车推广由示范群向全域铺开,市场驱动逐步增强。同时,“低空经济”纳入国家重点培育方向,氢能在无人机、低空飞行器领域的应用快速落地,成为产业新增量。复合气瓶国产化与成本持续下探,进一步支撑电子气等高附加值气体的集束高效运输,海外市场在氦气、氢气、天然气储运装备领域需求旺盛,出口机会持续释放。
  低温产业:工业低温瓶2026年市场需求延续平稳态势。尽管前期受投资力度不足、大宗工业气体用量偏弱及“快易冷”模式持续替代等因素影响,行业整体仍处于结构调整期,但随着工业用气需求逐步回暖,市场下行压力有所缓解。车用瓶市场方面,国内重卡依旧以存量更新为主,车载LNG瓶需求保持稳定。
  2、智能制造板块:
  2025年前三季度中国工业机器人累计产量实现同比大幅增长,产量规模已超越2024年全年水平。公司预测未来几年行业趋势如下:(1)随着人工智能大模型、机器视觉等技术与机器人深度融合,机器人将突破传统自动化设备范畴,向具备自主感知与决策能力的“具身智能”方向演进。(2)除了传统的汽车、3C行业,机器人将更广泛地进入新能源、半导体、仓储物流以及商业服务等领域。(3)凭借国内积累的完整产业链和工程化经验,领先的国产机器人企业将更具信心地参与全球竞争,尤其在“一带一路”及新兴市场建立品牌影响力。
  此外,随着近年来国内厂商在控制器、伺服系统等核心部件领域的持续突破,产品性价比和自主可控水平显著提升。国产机器人的定制化服务在细分市场优势明显,国内市场的竞争也将从“价格战”向技术、产品、服务和全球运营能力的综合竞争转变,市场集中度有望进一步提升,龙头企业的引领作用将更加凸显。
  (二)公司发展战略
  1、气体储运板块
  企业定位:打造全球领先的气体储运装备制造及服务企业。
  战略思路:继续巩固工业气瓶和消防气瓶的领先优势和市场地位,提升盈利能力;聚焦、优化天然气业务产品结构,保持适度规模,创新运营模式,提升竞争优势;加大氢能市场布局与技术转化力度,加快四型瓶产业化、批量化进程,抢占氢能行业发展先机。
  2、智能制造板块
  企业定位:打造行业领先的智能制造整体解决方案服务商。
  战略思路:聚焦工业自动化设备制造领域,深耕家电行业,在保持现有产品优势及业务竞争力的同时,积极拓展新的业务领域。围绕工业自动化、机器人集成应用、智能制造装备生产与集成,为企业提供智能制造整体解决方案,并努力成为优质的技术服务商。
  (三)经营计划
  2026年,京城股份将全面推动“十五五”战略落地,聚焦气体储运装备与智能制造两大主业,着力提升整体盈利水平。公司计划通过深化市场拓展与商业模式创新巩固行业地位,并加速氢能等新兴领域的布局与示范应用。同时,公司将强化创新驱动,推动技术成果高效转化与产品迭代,并加快数字化转型以培育新质生产力。在内部管理方面,公司将优化集团管控与协同机制,并持续筑牢风险防控与合规经营底线,努力实现高质量、可持续的发展跨越。
  (四)可能面对的风险
  2025年,公司将继续在复杂多变的国内外环境中推动高质量发展,同时也清醒认识到,在战略推进与经营管理中可能面临以下几类主要风险,需提前研判、系统应对:
  1、国际经贸环境复杂性与市场准入风险
  当前,全球经济增长整体放缓,主要经济体货币政策持续调整,地缘政治冲突未见根本缓和,国际贸易规则与区域经贸关系仍在重构之中,对公司海外业务拓展带来一定不确定性。一方面,欧美等传统出口市场可能进一步强化产业保护与贸易壁垒,关税政策、反倾销调查、技术标准限制等合规门槛持续提高,直接影响公司产品出口成本与市场竞争力;另一方面,新兴市场虽潜力较大,但政治经济稳定性、汇率波动、本地化政策差异等亦构成运营挑战。此外,国际供应链仍未完全恢复至疫情前水平,物流效率与运输成本压力持续存在。公司将通过深化市场多元化布局、加快海外本地化服务能力建设、强化合规管理及汇率风险对冲等方式,增强国际业务韧性。
  2、行业竞争加剧与盈利空间承压风险
  气体储运装备行业虽长期向好,但伴随产业转型升级与“双碳”目标推进,市场竞争日趋激烈。一方面,行业内头部企业持续加大技术投入与产能扩张,产品同质化竞争在一定范围内依然存在,价格压力可能进一步传导至公司毛利水平;另一方面,下游客户对产品性能、成本控制、服务响应等要求不断提高,叠加原材料价格波动、能源与人工成本上升等因素,公司盈利空间面临多重挤压。为此,公司必须进一步突出科技创新与差异化竞争,持续优化产品结构、提升高附加值产品比重,同时通过精益管理与供应链协同降本增效,巩固并扩大在关键细分领域的竞争优势。
  3、新业务孵化的政策依赖性与市场不确定性风险
  氢能储运装备及系统作为公司重点布局的战略新业务,其发展仍处于产业化初期,受国家与地方政策推动、基础设施建设进度、终端应用场景拓展节奏等多重外部因素影响较大。氢能技术路线、行业标准、商业模式等仍处于演进过程中,市场全面爆发时点存在不确定性,可能影响公司相关产能释放与投资回报周期。此外,公司在智能制造等新兴业务领域的拓展,也面临技术迭代加速、客户需求多变、跨行业竞争等挑战。公司将采取“技术储备与市场培育并重”的策略,加强与政策制定者、产业伙伴、科研机构的协同,积极参与标准体系建设,灵活调整业务推进节奏,严格控制项目投资风险,确保新业务稳步成长。
  4、内部运营与转型过程中的执行风险
  随着公司深化改革、推动数字化转型、加快组织与人才体系升级,内部管理复杂度提升,可能面临战略解码不到位、跨部门协同不畅、人才结构短期不适应业务需求、数字化系统融合周期长等执行层面的挑战。公司将通过强化目标管理、优化流程机制、加大人才引进与培训力度、分步扎实推进数字化建设等方式,系统提升组织执行力与转型成功率。
  面对上述风险,公司将始终坚持底线思维与前瞻布局,建立健全风险识别、评估、应对与监控的全流程管理体系,推动风险管理与业务发展深度融合,为可持续发展筑牢安全基础。

  报告期内公司财务状况经营成果分析
  1、整体分析
  本报告期公司利润总额比上年同期减少约13,434.12万元,营业利润同比减少约13,504.73万元,营业外收支净额同比增加约70.61万元。营业收入比上年同期减少约12,089.61万元,营业成本比上年同期减少约6,127.61万元。
  本报告期财务费用较上年同期增加了421.77万元,增长35.98%,主要因为利息费用同比增加491.89万元。
  本报告期其他收益较上年同期增加了482.60万元,增长38.48%,主要因为公司本期递延收益结转至其他收益的政府补助增加。
  本报告期投资收益较上年同期减少了5,432.06万元,主要因为:(1)本期处置长期股权投资产生的投资收益为-3,926.25万元;(2)联营公司净利润同比减少导致投资收益减少674.49万元;(3)债务重组收益同比减少831.32万元。
  本报告期资产减值损失较上年同期增加了2,031.29万元,主要是本年存货可变现净值与售价差距增大,存货跌价准备计提相应增加。
  本报告期资产处置收益较上年同期增加了951.34万元,主要是下属子公司固定资产处置收益增加。
  本报告期营业外收入较上年同期增加了157.50万元,主要是下属子公司收到的违约赔偿收入同比增加。
  本报告期营业外支出较上年同期增加了86.89万元,主要是下属子公司固定资产毁损报废损失增加。
  2、资产、负债及股东权益分析
  本报告期末总资产及总负债较年初相比均有所增加。资产总额313,349.08万元,比年初增加约4,687.75万元,增加了1.52%。负债总额约178,625.56万元,比年初增加约11,179.95万元,增加了6.68%。股东权益总额约134,723.52万元,比年初减少6,492.20万元,减少了4.60%。
  3、财务状况分析
  公司实施谨慎的财务政策,对投资、融资及现金管理等建立了严格的风险控制体系,一贯保持稳健的资本结构和良好的融资渠道,公司严格控制贷款规模,在满足公司经营活动资金需求的同时,充分利用金融工具努力降低财务费用和防范财务风险,以实现公司持续发展和股东价值的最大化。
  4、银行借款
  公司认真执行年度资金收支预算,并依据市场环境变化和客户要求,严格控制银行贷款规模。在满足公司经营活动资金需求的同时,充分利用金融工具努力降低财务费用和防范财务风险,提高公司及股东收益。报告期末公司短期借款比期初减少5,000.00万元,下降21.74%;长期借款比期初增加1,824.45万元,增长13.68%。
  5、外汇风险管理
  本公司承受外汇风险主要与美元、欧元有关,除本公司的下属子公司北京天海公司、天海美洲公司、京城控股(香港)有限公司以美元、欧元进行采购和销售外,本集团的其它主要业务活动以人民币计价结算。因此可能面临美元、欧元与人民币汇率变动引起的外汇风险。截至报告期末,本集团并无外汇对冲政策。然而,本公司会积极采取措施,努力降低外汇风险,并将在必要时做好对冲重大外汇风险的相应准备及应对。
  此外,相关信息列示如下:
  资金主要来源和运用
  1、经营活动现金流量
  报告期公司经营活动产生的现金流入主要来源于销售商品业务收入,现金流出主要用于生产经营活动有关的支出。报告期经营活动产生的现金流入为125,156.40万元,现金流出为124,668.75万元,报告期经营活动产生的现金流量净额为487.65万元。
  2、投资活动现金流量
  报告期公司投资活动产生的现金流入为653.27万元,主要是本期处置固定资产收回的款项;投资活动支出的现金为9,524.35万元,主要用于购建固定资产等资金支出和投资支出,报告期投资活动产生的现金流量净额为-8,871.08万元。
  3、筹资活动现金流量
  报告期筹资活动现金流入为54,325.00万元,主要来源于银行借款和吸收投资收到的现金;报告期筹资活动现金流出为32,769.23万元,主要是偿还贷款和利息费用以及支付的经营租赁租金款项,报告期筹资活动现金流量净额为21,555.77万元。
  2025年经营活动现金净额同比增加约6,246.92万元,主要是因为本期收到的税费返还较上期增加所致;投资活动产生的现金流量净额同比减少约314.49万元,主要是本期购建固定资产、无形资产和其他长期资产支付的现金同比减少所致;筹资活动产生的现金流量净额同比增加约9,481.90万元,主要是本期下属子公司收到投资款所致。
  资本结构
  报告期公司资本结构由股东权益和负债构成。股东权益为134,723.52万元,其中,少数股东权益为48,979.03万元;负债总额为178,625.56万元;资产总额为313,349.08万元。期末资产负债率为57.01%。
  报告期末公司无需要披露的重大或有事项。 收起▲

产品价格

数据截至(20260506)
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