再陷虧損泥潭!神州信息Q1淨利暴跌超六成,商譽減值壓力懸頂
繼2024年度業績暴雷後,神州信息一季報繼續虧損。
一季度增收不增利
神州信息最新公佈的2025年一季報顯示,一季度公司營業總收入21.6億元,同比上升22.13%;歸母淨利潤-9294.26萬元,同比下降64.63%;歸屬於上市公司股東的扣除非經常性損益的淨虧損為1億元,同比擴大74.68%。基本每股虧損為0.0967元。

收入增長主要得益於金融科技業務,報吿期內,金融行業簽約總額9.90 億,同比增長9.26%,其中金融行業軟服實現簽約7.97 億元,同比增長 11.64%。金融行業收入9.25億元,同比增長11.79%,其中金融行業軟服實現營業收入7.54 億元,同比增長 6.44%。金融行業已籤未銷24.55 億元,其中金融行業軟服已籤未銷21.13 億元,為公司持續聚焦金融科技戰略打下堅實基礎。
而虧損擴大的原因主要包括:
資產減值損失激增:合同資產減值計提增加,導致資產減值損失同比擴大919.80%。財務費用增加:利息支出從255萬元增至1,141萬元,推高財務費用137.85%。成本上升:營業成本同比增長26.15%,高於收入增速。
大額商譽懸頂
日前,公司公佈2024年度業績顯示,2024年營業總收入100.03億元,同比下降17.03%%;歸母淨利潤為5.24億元,由盈轉虧,同比大降353.01%。
回溯近幾年財報數據,不難發現,神州信息正陷入業績增長乏力的窘境。
神州信息在2020年淨利衝上4.76億元的高位後,2021年開始持續下滑,2021年和2022年淨利分別大幅下降20.92%和45.10%,營收總體保持穩定。
但進入2024年,營收遭遇十年來首次下滑,淨利潤更是出現歷史性虧損,公司上一次虧損還要追溯到2012年。

大額商譽減值成為業績暴雷的導火索。
年報顯示,神州信息2024年計提資產減值5.8億元,其中商譽減值3.65億元。
根據公司2014年收購公吿,神州信息以7.1億收購北京中農信達信息技術有限公司(下稱“中農信達”),彼時中農信達預評估淨資產賬面值僅1022萬元,收購溢價高達68.6倍。根據公司最新公吿,2024年中農信達虧損1.08億元,神州信息收購中農信達形成商譽6.46億元,2024年計提商譽減值3.2億元,未來仍存在進一步減值風險。
神州信息除了投資失利外,2024年主營業務也面臨較大經營風險。
根據公開信息,神州信息因涉嫌圍標、串標等違規操作,被部分客户“拉黑”,包括中國華能集團、中國移動等優質大客户。2024年年報顯示,跟上述投標項目相關的系統集成業務收入縮水41.33%。
截止一季度,公司股東户數為8.16萬户,前十大股東持股數量為5.01億股,佔總股本比例為51.33%,前十大股東持股情況如下:

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