Credit Brief — IMEIK TECHNOLOGY DEVELOPMENT CO.,LTD. (爱美客)
300896.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: 简军
- Registered address: 北京市昌平区科技园区白浮泉路 10 号北控科技大厦 4 层 416B 室
- Office address: 北京市朝阳区建国路甲 92 号世茂大厦 C 座 21 层
- Actual controller: 简军
- Employees: 1,458
- Founded: 2004
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 | 3,139.6 | 2,433.8 | 1,514.7 | 1,227.3 | 1,963.6 |
| Trading financial assets | 703.7 | 1,204.1 | 2,877.9 | 2,154.2 | 1,943.8 |
| Accounts receivable | 127.8 | 206.1 | 168.5 | 137.9 | 85.6 |
| Other receivables | 4.6 | 12.0 | 7.8 | 7.9 | 11.8 |
| Inventories | 46.7 | 49.8 | 72.8 | 93.2 | 103.4 |
| Long-term equity investments | 935.1 | 950.7 | 914.6 | 1,017.7 | 992.2 |
| Fixed assets | 195.0 | 219.5 | 233.4 | 370.1 | 353.3 |
| Construction in progress | 5.0 | 14.7 | 246.3 | 253.1 | 313.4 |
| Intangible assets | 116.6 | 114.9 | 110.2 | 367.8 | 401.7 |
| Total assets | 6,258.5 | 6,852.4 | 8,340.5 | 8,908.0 | 9,179.0 |
Liabilities
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Short-term borrowings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Notes payable | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Accounts payable | 19.3 | 44.7 | 83.0 | 49.7 | 59.2 |
| Contract liabilities | 14.7 | 50.6 | 84.5 | 84.1 | 87.4 |
| Other payables | 85.1 | 29.9 | 31.7 | 110.4 | 78.8 |
| Current portion of non-current liabilities | 11.3 | 15.0 | 18.9 | 243.1 | 240.6 |
| 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 | 312.8 | 367.3 | 390.4 | 743.4 | 682.6 |
Equity
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Paid-in capital | 216.4 | 216.4 | 302.6 | 302.6 | 302.6 |
| Capital reserve | 3,411.6 | 3,459.4 | 3,389.9 | 3,397.4 | 3,397.5 |
| Retained earnings | 2,107.2 | 2,960.9 | 4,375.5 | 4,159.4 | 4,511.6 |
| Equity attributable to owners of the parent | 5,846.1 | 6,347.9 | 7,797.1 | 7,584.0 | 7,911.4 |
| Minority interests | 99.7 | 137.1 | 153.1 | 580.7 | 585.1 |
| Total equity | 5,945.8 | 6,485.0 | 7,950.1 | 8,164.6 | 8,496.5 |
Income statement
| 2022 | 2023 | 2024 | 2025 | 2026 H1 | |
|---|---|---|---|---|---|
| Revenue | 1,938.8 | 2,869.3 | 3,025.7 | 2,452.6 | 1,215.7 |
| Cost of sales | 99.9 | 140.8 | 162.2 | 179.1 | 91.3 |
| Selling expenses | 162.7 | 260.3 | 276.8 | 386.7 | 234.8 |
| Administrative expenses | 125.4 | 144.3 | 122.8 | 182.5 | 94.7 |
| Finance costs | -45.2 | -54.2 | -31.3 | 7.5 | 3.3 |
| Investment income | 33.1 | 39.7 | 65.9 | 46.7 | 8.3 |
| Operating profit | 1,488.2 | 2,158.2 | 2,290.5 | 1,515.7 | 706.5 |
| Profit before tax | 1,488.3 | 2,155.6 | 2,281.0 | 1,512.1 | 697.3 |
| Net profit | 1,267.6 | 1,854.9 | 1,956.3 | 1,301.5 | 600.2 |
5. Ratios
| Ratio | 2022 | 2023 | 2024 | 2025 | 2026 H1 |
|---|---|---|---|---|---|
| Current ratio | 18.44x | 14.28x | 14.67x | 6.41x | 7.61x |
| Quick ratio | 18.23x | 14.11x | 14.46x | 6.27x | 7.43x |
| Debt-to-asset ratio | 5.0% | 5.4% | 4.7% | 8.3% | 7.4% |
| Total debt / EBITDA | 0.01x | 0.01x | 0.01x | 0.15x | 0.32x |
| EBITDA interest coverage | 35.42x | 42.24x | 75.71x | 211.56x | 229.12x |
| Gross margin | 94.8% | 95.1% | 94.6% | 92.7% | 92.5% |
| Net margin | 65.4% | 64.6% | 64.7% | 53.1% | 49.4% |
| Return on equity (ROE) | 21.3% | 28.6% | 24.6% | 15.9% | 7.1% |
| Revenue growth | — | 48.0% | 5.4% | -18.9% | -50.4% |
| Net profit growth | — | 46.3% | 5.5% | -33.5% | -53.9% |
| Receivable days | 24 | 26 | 20 | 21 | 26 |
| Cash received / revenue | 100.1% | 102.9% | 108.0% | 113.6% | 117.2% |
| Operating CF / net profit | 0.94x | 1.05x | 0.99x | 1.02x | 0.89x |
| Free cash flow | 186.0 | 1,140.7 | -477.1 | 1,130.8 | 1,001.9 |
Mechanical risk flags
- ⚠ Debt-to-asset ratio: 0.08 (level: high, reference threshold: <0.65)
6. Cross-check flags (mechanical reconciliation)
- 2023 · Cash-flow statement net increase vs balance-sheet cash movement: -705.7 vs -705.7 CNY mn (deviation 0.0%, severity low)
Sources: 2023年年度报告.pdf p.92 「五、现金及现金等价物净增加额」 vs 2023年年度报告.pdf p.83 「货币资金」. CF-statement figure below the balance-sheet movement by 0.0 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: -919.9 vs -919.2 CNY mn (deviation 0.08%, severity low)
Sources: 2024年年度报告.pdf p.96 「五、现金及现金等价物净增加额」 vs 2024年年度报告.pdf p.87 「货币资金」. CF-statement figure below the balance-sheet movement by 0.7 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: -286.7 vs -287.4 CNY mn (deviation 0.24%, severity low)
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 above the balance-sheet movement by 0.7 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: 736.3 vs 736.3 CNY mn (deviation 0.0%, severity low)
Sources: 2026年半年度报告.pdf p.59 「五、现金及现金等价物净增加额」 vs 2026年半年度报告.pdf p.50 「货币资金」. CF-statement figure below the balance-sheet movement by 0.0 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 | 1,227.3 | 2025年年度报告.pdf | 89 | 货币资金 | 1227289283.18 (元) |
| Total assets | 2025 | 8,908.0 | 2025年年度报告.pdf | 90 | 资产总计 | 8908047716.98 (元) |
| Accounts receivable | 2025 | 137.9 | 2025年年度报告.pdf | 89 | 应收账款 | 137887735.32 (元) |
| Fixed assets | 2025 | 370.1 | 2025年年度报告.pdf | 90 | 固定资产 | 370066142.29 (元) |
| Short-term borrowings | 2025 | 0.0 | 2025年年度报告.pdf | 90 | 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.