Credit Brief — Eoptolink Technology Inc., Ltd (新易盛)
300502.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: 高光荣
- Registered address: 中国(四川)自由贸易试验区成都市双流区黄甲街道物联大道 510 号
- Office address: 中国(四川)自由贸易试验区成都市双流区黄甲街道物联大道 510 号
- Actual controller: 高光荣
- Employees: 8,537
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 | 1,785.0 | 2,515.3 | 1,600.3 | 8,155.6 | 7,240.1 |
| Trading financial assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Accounts receivable | 662.0 | 715.1 | 2,538.5 | 4,437.5 | 7,548.3 |
| Other receivables | 8.5 | 10.0 | 9.0 | 14.9 | 12.7 |
| Inventories | 1,469.2 | 963.3 | 4,132.1 | 7,234.3 | 11,655.4 |
| Long-term equity investments | 2,123.9 | 2,125.1 | 333.8 | 13.8 | 13.1 |
| Fixed assets | 661.0 | 1,310.4 | 2,021.8 | 3,353.9 | 4,109.0 |
| Construction in progress | 371.5 | 49.2 | 397.1 | 326.8 | 557.0 |
| Intangible assets | 177.2 | 193.1 | 171.5 | 193.2 | 183.4 |
| Total assets | 5,876.1 | 6,440.0 | 12,266.5 | 25,881.1 | 36,647.0 |
Liabilities
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Short-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Notes payable | 169.0 | 34.4 | 650.5 | 1,549.0 | 2,230.4 |
| Accounts payable | 436.1 | 598.2 | 2,193.9 | 3,726.4 | 7,125.2 |
| Contract liabilities | 24.9 | 13.8 | 9.7 | 90.7 | 217.0 |
| Other payables | 41.7 | 7.9 | 20.2 | 100.9 | 61.0 |
| Current portion of non-current liabilities | 3.1 | 3.8 | 3.7 | 3.6 | 5.7 |
| Long-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Bonds payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total liabilities | 1,046.9 | 974.0 | 3,938.4 | 7,816.8 | 12,180.6 |
Equity
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Paid-in capital | 507.1 | 709.9 | 708.8 | 994.0 | 1,394.3 |
| Capital reserve | 1,727.1 | 1,530.8 | 1,614.7 | 1,571.5 | 1,360.6 |
| Retained earnings | 2,458.9 | 3,057.4 | 5,399.6 | 14,595.8 | 20,621.6 |
| Equity attributable to owners of the parent | 4,829.2 | 5,466.0 | 8,328.1 | 17,922.9 | 24,296.8 |
| Minority interests | 0.0 | 0.0 | 0.0 | 141.3 | 169.6 |
| Total equity | 4,829.2 | 5,466.0 | 8,328.1 | 18,064.3 | 24,466.3 |
Income statement
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Revenue | 3,310.6 | 3,097.6 | 8,646.8 | 24,841.9 | 20,909.7 |
| Cost of sales | 2,096.9 | 2,137.7 | 4,780.2 | 12,966.0 | 10,781.1 |
| Selling expenses | 52.5 | 37.6 | 97.5 | 150.9 | 99.4 |
| Administrative expenses | 84.5 | 76.2 | 169.0 | 239.4 | 130.0 |
| Finance costs | -124.5 | -108.2 | -179.3 | -318.2 | 644.1 |
| Investment income | 105.1 | 2.7 | 1.1 | 1.1 | 2.1 |
| Operating profit | 1,027.8 | 784.8 | 3,231.5 | 10,859.3 | 8,682.0 |
| Profit before tax | 1,027.9 | 788.7 | 3,234.2 | 10,865.7 | 8,690.2 |
| Net profit | 903.6 | 688.4 | 2,837.8 | 9,553.3 | 7,566.3 |
5. Ratios
| Ratio | 2022 | 2023 | 2024 | 2025 | 2026 H1 |
|---|---|---|---|---|---|
| Current ratio | 4.51x | 5.00x | 2.33x | 2.97x | 2.60x |
| Quick ratio | 2.94x | 3.89x | 1.25x | 1.93x | 1.53x |
| Debt-to-asset ratio | 17.8% | 15.1% | 32.1% | 30.2% | 33.2% |
| Total debt / EBITDA | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| EBITDA interest coverage | 9.87x | 9.91x | 20.28x | 36.16x | 15.11x |
| Gross margin | 36.7% | 31.0% | 44.7% | 47.8% | 48.4% |
| Net margin | 27.3% | 22.2% | 32.8% | 38.5% | 36.2% |
| Return on equity (ROE) | 18.7% | 12.6% | 34.1% | 52.9% | 30.9% |
| Revenue growth | — | -6.4% | 179.1% | 187.3% | -15.8% |
| Net profit growth | — | -23.8% | 312.3% | 236.6% | -20.8% |
| Receivable days | 73 | 84 | 107 | 65 | 132 |
| Cash received / revenue | 101.2% | 98.1% | 80.9% | 93.5% | 86.5% |
| Operating CF / net profit | 0.92x | 1.81x | 0.23x | 0.81x | 0.21x |
| Free cash flow | 766.3 | 1,308.4 | 316.7 | 6,904.6 | 952.7 |
Mechanical risk flags
- ⚠ Debt-to-asset ratio: 0.30 (level: high, reference threshold: <0.65)
6. Cross-check flags (mechanical reconciliation)
- 2023 · Cash-flow statement net increase vs balance-sheet cash movement: 754.0 vs 730.4 CNY mn (deviation 3.14%, severity mid)
Sources: 2023年年度报告.pdf p.82 「五、现金及现金等价物净增加额」 vs 2023年年度报告.pdf p.74 「货币资金」. CF-statement figure above the balance-sheet movement by 23.7 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: -963.8 vs -915.1 CNY mn (deviation 5.06%, severity mid)
Sources: 2024年年度报告.pdf p.93 「五、现金及现金等价物净增加额」 vs 2024年年度报告.pdf p.80 「货币资金」. CF-statement figure below the balance-sheet movement by 48.7 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: 6,331.2 vs 6,555.3 CNY mn (deviation 3.42%, severity mid)
Sources: 2025年年度报告.pdf p.76 「五、现金及现金等价物净增加额」 vs 2025年年度报告.pdf p.67 「货币资金」. CF-statement figure below the balance-sheet movement by 224.2 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: -682.2 vs -915.5 CNY mn (deviation 25.48%, severity mid)
Sources: 2026年半年度报告.pdf p.44 「五、现金及现金等价物净增加额」 vs 2026年半年度报告.pdf p.36 「货币资金」. CF-statement figure above the balance-sheet movement by 233.3 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 | 8,155.6 | 2025年年度报告.pdf | 67 | 货币资金 | 8155613938.09 (元) |
| Total assets | 2025 | 25,881.1 | 2025年年度报告.pdf | 68 | 资产总计 | 25881071176.47 (元) |
| Accounts receivable | 2025 | 4,437.5 | 2025年年度报告.pdf | 67 | 应收账款 | 4437509481.09 (元) |
| Fixed assets | 2025 | 3,353.9 | 2025年年度报告.pdf | 68 | 固定资产 | 3353862638.2 (元) |
| Short-term borrowings | 2025 | 0.0 | 2025年年度报告.pdf | 68 | 短期借款 | 0.0 (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.