Credit Brief — Range Intelligent Computing Technology Group Company Limited (润泽科技)
300442.SZ · Shenzhen ChiNext · 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: 周超男
- Registered address: 廊坊开发区楼庄路 9 号 1 幢九层
- Office address: 河北省廊坊经济技术开发区楼庄路 9 号
- Controlling shareholder: 投资性主体的特殊规定 如果母公司是投资性主体
- Actual controller: 中国平安保险致行动的说明 （集团）股份有限公司或执行事务合伙人受中国平安保险（集团）股份有限公司控制
- Employees: 2,018
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 | 1,395.8 | 1,809.7 | 4,825.8 | 3,353.0 | 5,289.4 |
| Trading financial assets | — | 505.9 | 505.9 | 0.0 | 0.0 |
| Accounts receivable | 375.1 | 1,064.1 | 1,098.1 | 1,731.0 | 1,922.1 |
| Other receivables | 23.6 | 19.0 | 91.2 | 413.6 | 278.4 |
| Inventories | 1.5 | 769.6 | 1,770.1 | 43.6 | 41.1 |
| Long-term equity investments | 4.7 | 3.8 | 2.3 | 1,542.5 | 1,480.3 |
| Fixed assets | 6,057.0 | 9,373.3 | 13,048.6 | 24,647.5 | 23,783.5 |
| Construction in progress | 5,589.8 | 6,925.8 | 7,170.5 | 7,054.2 | 9,920.2 |
| Intangible assets | 828.0 | 1,127.4 | 1,269.1 | 1,361.8 | 2,039.1 |
| Total assets | 16,008.4 | 23,310.8 | 31,308.9 | 42,693.7 | 47,854.8 |
Liabilities
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Short-term borrowings | — | 100.1 | 100.1 | 1,495.8 | 1,920.9 |
| Notes payable | 34.3 | 437.4 | 153.0 | 38.9 | 38.9 |
| Accounts payable | 1,064.1 | 1,532.1 | 1,585.3 | 2,791.0 | 2,451.4 |
| Contract liabilities | — | 17.9 | 520.7 | 4.5 | 10.4 |
| Other payables | 256.8 | 316.6 | 174.6 | 177.5 | 640.8 |
| Current portion of non-current liabilities | 1,415.5 | 1,836.0 | 2,421.2 | 2,134.1 | 2,955.6 |
| Long-term borrowings | 8,117.0 | 7,600.8 | 10,500.4 | 13,142.4 | 12,590.6 |
| Bonds payable | 0.0 | 0.0 | 0.0 | 0.0 | 996.4 |
| Total liabilities | 13,044.9 | 14,765.2 | 19,758.8 | 26,830.2 | 31,064.4 |
Equity
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Paid-in capital | 640.2 | 1,540.3 | 1,541.2 | 1,454.1 | 1,460.8 |
| Capital reserve | 1,243.6 | 4,889.5 | 5,460.6 | 5,608.4 | 5,645.9 |
| Retained earnings | 859.0 | 1,766.8 | 2,651.2 | 6,839.4 | 7,611.3 |
| Equity attributable to owners of the parent | 2,935.6 | 8,521.8 | 9,965.7 | 13,656.3 | 14,492.1 |
| Minority interests | 28.0 | 23.9 | 1,584.4 | 2,207.3 | 2,298.2 |
| Total equity | 2,963.6 | 8,545.7 | 11,550.1 | 15,863.5 | 16,790.4 |
Income statement
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Revenue | 2,714.7 | 4,350.8 | 4,364.8 | 5,673.7 | 3,745.7 |
| Cost of sales | 1,272.9 | 2,237.5 | 2,229.1 | 3,061.2 | 2,000.9 |
| Selling expenses | 4.0 | 2.8 | 2.4 | 4.2 | 1.4 |
| Administrative expenses | 121.0 | 167.9 | 144.6 | 244.8 | 108.5 |
| Finance costs | 83.5 | 124.7 | 247.4 | 310.6 | 211.5 |
| Investment income | 70.9 | 58.6 | 15.3 | 3,765.1 | 14.2 |
| Operating profit | 1,229.0 | 1,779.7 | 1,827.9 | 5,688.2 | 1,311.3 |
| Profit before tax | 1,226.1 | 1,777.3 | 1,829.3 | 5,689.4 | 1,309.8 |
| Net profit | 1,197.0 | 1,757.7 | 1,818.7 | 5,049.0 | 1,224.5 |
5. Ratios
| Ratio | 2022 | 2023 | 2024 | 2025 | 2026 H1 |
|---|---|---|---|---|---|
| Current ratio | 0.97x | 1.17x | 1.49x | 0.83x | 0.95x |
| Quick ratio | 0.97x | 0.99x | 1.19x | 0.83x | 0.95x |
| Debt-to-asset ratio | 81.5% | 63.3% | 63.1% | 62.8% | 64.9% |
| Total debt / EBITDA | 5.27x | 3.60x | 4.25x | 2.15x | 5.60x |
| EBITDA interest coverage | 21.68x | 21.26x | 12.39x | 25.16x | 15.58x |
| Gross margin | 53.1% | 48.6% | 48.9% | 46.0% | 46.6% |
| Net margin | 44.1% | 40.4% | 41.7% | 89.0% | 32.7% |
| Return on equity (ROE) | 40.4% | 20.6% | 15.7% | 31.8% | 7.3% |
| Revenue growth | — | 60.3% | 0.3% | 30.0% | -34.0% |
| Net profit growth | — | 46.8% | 3.5% | 177.6% | -75.7% |
| Receivable days | 50 | 89 | 92 | 111 | 187 |
| Cash received / revenue | 102.8% | 91.7% | 231.1% | 111.2% | 100.9% |
| Operating CF / net profit | 1.49x | 0.71x | 1.15x | 0.65x | 2.42x |
| Free cash flow | 2,600.2 | -2,628.7 | 2,340.9 | 2,024.2 | 1,850.8 |
Mechanical risk flags
- ⚠ Current ratio: 0.83 (level: high, reference threshold: <1.0)
- ⚠ Quick ratio: 0.83 (level: medium, reference threshold: <1.0)
- ⚠ Debt-to-asset ratio: 0.63 (level: high, reference threshold: <0.65)
6. Cross-check flags (mechanical reconciliation)
- 2023 · Cash-flow statement net increase vs balance-sheet cash movement: 10.8 vs 413.9 CNY mn (deviation 97.38%, severity mid)
Sources: 2023年年度报告.pdf p.102 「五、现金及现金等价物净增加额」 vs 2023年年度报告.pdf p.93 「货币资金」. CF-statement figure below the balance-sheet movement by 403.0 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: 3,300.4 vs 3,016.1 CNY mn (deviation 8.61%, severity mid)
Sources: 2024年年度报告.pdf p.99 「五、现金及现金等价物净增加额」 vs 2024年年度报告.pdf p.90 「货币资金」. CF-statement figure above the balance-sheet movement by 284.3 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: -1,803.4 vs -1,472.8 CNY mn (deviation 18.33%, severity mid)
Sources: 2025年年度报告.pdf p.98 「五、现金及现金等价物净增加额」 vs 2025年年度报告.pdf p.89 「货币资金」. CF-statement figure below the balance-sheet movement by 330.6 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: 2,369.7 vs 1,936.5 CNY mn (deviation 18.28%, severity mid)
Sources: 2026年半年度报告.pdf p.57 「五、现金及现金等价物净增加额」 vs 2026年半年度报告.pdf p.48 「货币资金」. CF-statement figure above the balance-sheet movement by 433.2 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 | 3,353.0 | 2025年年度报告.pdf | 89 | 货币资金 | 3352964535.09 (元) |
| Total assets | 2025 | 42,693.7 | 2025年年度报告.pdf | 90 | 资产总计 | 42693736228.86 (元) |
| Accounts receivable | 2025 | 1,731.0 | 2025年年度报告.pdf | 90 | 应收账款 | 1730963308.35 (元) |
| Fixed assets | 2025 | 24,647.5 | 2025年年度报告.pdf | 90 | 固定资产 | 24647459471.54 (元) |
| Short-term borrowings | 2025 | 1,495.8 | 2025年年度报告.pdf | 91 | 短期借款 | 1495787416.64 (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.