Credit Brief — SHENZHEN ENVICOOL TECHNOLOGY CO., LTD. (英维克)
002837.SZ · Shenzhen Main Board · Data window: 2022–2026 H1 · Sources: official periodic reports filed via cninfo (巨潮资讯网)
All figures are extracted mechanically from official filings and are traceable to source page (see §9). Narrative sections are analyst commentary; mechanical sections are produced without any LLM. Not investment advice. Not a credit rating.
1. Identity & legitimacy
- Legal representative: 齐勇
- Registered address: 深圳市龙华区观澜街道观光路 1303 号鸿信工业园 9 号厂房 1-3 楼
- Office address: 深圳市龙华区观澜街道观光路 1303 号鸿信工业园 9 号厂房 1-3 楼
- Controlling shareholder: 深圳市英维克投资有限公司
- Actual controller: 齐勇
- Employees: 5,697
Source: identity fields above are mechanically extracted from the issuer's own filed annual reports. - Registration data via corporate registry is not included in this build
2. Compliance & legal
Compliance screens (dishonest debtor / enforcement / penalties / business exceptions) require a registry data source not included in this build
3. Business profile
Top customer/supplier tables not generated for this issuer.
4. Financial dashboard (CNY mn)
Assets
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Cash and bank balances | 665.8 | 940.3 | 728.2 | 1,236.8 | 1,078.1 |
| Trading financial assets | 158.5 | 50.2 | 30.2 | 30.5 | 144.2 |
| Accounts receivable | 1,468.3 | 1,730.9 | 2,428.4 | 3,054.0 | 3,024.4 |
| Other receivables | 95.4 | 85.4 | 83.5 | 50.7 | 70.9 |
| Inventories | 439.4 | 672.7 | 884.4 | 983.4 | 1,552.3 |
| Long-term equity investments | 686.5 | 711.4 | 774.2 | 801.1 | 0.1 |
| Fixed assets | 268.2 | 287.4 | 626.4 | 792.2 | 1,053.9 |
| Construction in progress | 23.6 | 128.4 | 164.2 | 268.1 | 135.1 |
| Intangible assets | 81.9 | 129.5 | 126.3 | 148.0 | 145.5 |
| Total assets | 4,056.5 | 5,091.1 | 6,014.4 | 7,747.3 | 8,647.3 |
Liabilities
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Short-term borrowings | 505.0 | 378.0 | 312.0 | 736.0 | 980.0 |
| Notes payable | 290.0 | 511.0 | 484.5 | 513.6 | 524.8 |
| Accounts payable | 644.4 | 946.5 | 1,320.3 | 1,487.9 | 1,866.8 |
| Contract liabilities | 100.0 | 184.2 | 229.3 | 230.7 | 282.0 |
| Other payables | 32.9 | 35.5 | 50.2 | 85.5 | 88.6 |
| Current portion of non-current liabilities | 31.0 | 133.7 | 30.2 | 247.3 | 261.4 |
| Long-term borrowings | 49.0 | 98.4 | 291.7 | 320.5 | 296.7 |
| Bonds payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total liabilities | 1,948.1 | 2,609.1 | 3,101.1 | 4,284.5 | 5,033.7 |
Equity
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Paid-in capital | 434.6 | 568.4 | 744.4 | 977.1 | 1,277.1 |
| Capital reserve | 680.0 | 653.1 | 567.3 | 491.8 | 314.9 |
| Retained earnings | 915.6 | 1,148.3 | 1,446.2 | 1,777.2 | 1,795.3 |
| Equity attributable to owners of the parent | 2,117.2 | 2,486.1 | 2,915.9 | 3,445.6 | 3,584.6 |
| Minority interests | -8.9 | -4.1 | -2.6 | 17.1 | 29.0 |
| Total equity | 2,108.3 | 2,481.9 | 2,913.3 | 3,462.7 | 3,613.6 |
Income statement
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Revenue | 2,923.2 | 3,528.9 | 4,588.8 | 6,067.8 | 3,016.7 |
| Cost of sales | 2,051.7 | 2,387.3 | 3,269.6 | 4,377.1 | 2,264.5 |
| Selling expenses | 212.4 | 265.9 | 206.7 | 254.1 | 109.7 |
| Administrative expenses | 115.0 | 153.8 | 198.0 | 244.0 | 133.2 |
| Finance costs | 2.4 | 6.5 | -0.8 | 16.2 | 41.3 |
| Investment income | 3.9 | 2.6 | 0.5 | 0.2 | 0.8 |
| Operating profit | 318.3 | 396.0 | 503.4 | 590.4 | 222.0 |
| Profit before tax | 319.8 | 401.5 | 510.9 | 597.4 | 224.2 |
| Net profit | 277.1 | 348.7 | 454.1 | 542.7 | 196.7 |
5. Ratios
| Ratio | 2022 | 2023 | 2024 | 2025 | 2026 H1 |
|---|---|---|---|---|---|
| Current ratio | 1.83x | 1.76x | 1.77x | 1.62x | 1.49x |
| Quick ratio | 1.59x | 1.48x | 1.45x | 1.36x | 1.15x |
| Debt-to-asset ratio | 48.0% | 51.2% | 51.6% | 55.3% | 58.2% |
| Total debt / EBITDA | 1.67x | 1.38x | 1.10x | 1.89x | 4.33x |
| EBITDA interest coverage | 145.20x | 67.97x | 676.28x | 42.74x | 8.60x |
| Gross margin | 29.8% | 32.4% | 28.7% | 27.9% | 24.9% |
| Net margin | 9.5% | 9.9% | 9.9% | 8.9% | 6.5% |
| Return on equity (ROE) | 13.1% | 14.1% | 15.6% | 15.7% | 5.4% |
| Revenue growth | — | 20.7% | 30.0% | 32.2% | -50.3% |
| Net profit growth | — | 25.8% | 30.2% | 19.5% | -63.8% |
| Receivable days | 183 | 179 | 193 | 184 | 366 |
| Cash received / revenue | 81.5% | 82.7% | 85.3% | 83.9% | 98.7% |
| Operating CF / net profit | 0.69x | 1.30x | 0.44x | 0.29x | 0.31x |
| Free cash flow | 328.5 | 536.3 | 215.8 | 207.4 | 35.4 |
Mechanical risk flags
- ⚠ Debt-to-asset ratio: 0.55 (level: high, reference threshold: <0.65)
6. Cross-check flags (mechanical reconciliation)
- 2023 · Cash-flow statement net increase vs balance-sheet cash movement: 252.1 vs 274.5 CNY mn (deviation 8.18%, severity mid)
Sources: 2023年年度报告.pdf p.77 「五、现金及现金等价物净增加额」 vs 2023年年度报告.pdf p.68 「货币资金」. CF-statement figure below the balance-sheet movement by 22.5 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2024 · Cash-flow statement net increase vs balance-sheet cash movement: -259.4 vs -212.2 CNY mn (deviation 18.21%, severity mid)
Sources: 2024年年度报告.pdf p.82 「五、现金及现金等价物净增加额」 vs 2024年年度报告.pdf p.73 「货币资金」. CF-statement figure below the balance-sheet movement by 47.2 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2025 · Cash-flow statement net increase vs balance-sheet cash movement: 566.6 vs 508.6 CNY mn (deviation 10.24%, severity mid)
Sources: 2025年年度报告.pdf p.80 「五、现金及现金等价物净增加额」 vs 2025年年度报告.pdf p.71 「货币资金」. CF-statement figure above the balance-sheet movement by 58.0 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review. - 2026Q2 · Cash-flow statement net increase vs balance-sheet cash movement: -151.6 vs -158.6 CNY mn (deviation 4.42%, severity mid)
Sources: 2026年半年度报告.pdf p.47 「五、现金及现金等价物净增加额」 vs 2026年半年度报告.pdf p.38 「货币资金」. CF-statement figure above the balance-sheet movement by 7.0 CNY mn — typical causes are restricted-cash release or cash-equivalent scope changes; flagged for analyst review.
4 check(s) not run for missing inputs: 前五大应收 vs BS 应收账款; 前五大其他应收 vs BS 其他应收款; 前五大预付 vs BS 预付款项; 授信表内总合计 vs Σ机构行.
Premium tier. The analyst red-flag review and the industry-context commentary (sections 7–8 of the full brief) are not included in this free build. Join the waitlist for early access.
9. Method & provenance
All financial figures above were extracted mechanically from the company's official periodic reports (unit-normalized to CNY). Each key figure carries cell-level provenance — source file, page and original line item. Samples (latest annual period):
| Item | Period | Value (CNY mn) | Source file | Page | Raw line item | Raw value (as filed) |
|---|---|---|---|---|---|---|
| Cash and bank balances | 2025 | 1,236.8 | 2025年年度报告.pdf | 71 | 货币资金 | 1236773517.3 (元) |
| Total assets | 2025 | 7,747.3 | 2025年年度报告.pdf | 72 | 资产总计 | 7747255663.66 (元) |
| Accounts receivable | 2025 | 3,054.0 | 2025年年度报告.pdf | 71 | 应收账款 | 3053959547.65 (元) |
| Fixed assets | 2025 | 792.2 | 2025年年度报告.pdf | 72 | 固定资产 | 792168298.52 (元) |
| Short-term borrowings | 2025 | 736.0 | 2025年年度报告.pdf | 72 | 短期借款 | 736000000.0 (元) |
This brief is built solely on officially filed public disclosures. It is not investment advice, not a credit rating, and not an offer of any service. Figures may contain extraction or caliber effects; verify against the original filings before relying on them.