Revenue and profitability
- Revenue: 3,586,929,500 CNY (Q4 2024). YoY growth: 1.25%; QoQ growth: 0.00%.
- Gross profit: 3,586,929,500 CNY (gross margin effectively 100.0% in the data, a stylized figure for this dataset).
- Operating income: 653,124,500 CNY. Operating margin: 18.21%.
- Income before tax: 588,068,000 CNY. Tax expense: 87,609,500 CNY.
- Net income: 698,219,000 CNY. Net margin: 19.46%; EPS: 0.0122 CNY. YoY EPS growth: 62.67%; QoQ: 0.00%.
Balance sheet and leverage
- Total assets: 1,365,196,973,000 CNY; total liabilities: 1,264,813,659,000 CNY; total stockholders’ equity: 96,557,758,000 CNY.
- Cash and cash equivalents: 39,837,490,000 CNY. Net debt: -26,413,045,000 CNY (net cash).
- Long-term debt: 13,424,445,000 CNY. Debt to equity and other leverage metrics indicate modest leverage in the reported framework.
- Key capitalization: Book value per share implied by equity vs. shares outstanding (approx. 96.56B CNY / 57.45B shares).
Cash flow and capital deployment
- Net income: 698,219,000 CNY. Operating cash flow: -22,9120,385,000 CNY.
- Change in working capital: -29,010,038,000 CNY (primary driver of negative CFO).
- Free cash flow: -23,627,284,499 CNY.
- Capex: 715,246,000 CNY.
- Dividends paid: -336,918,000 CNY.
- Financing activities: net cash provided by financing activities 27,534,398,000 CNY, with other financing activities contributing 27,871,316,000 CNY in the period.
Valuation and returns
- Price/book value: 0.168x; Price/earnings: 5.80x; Dividend yield: 2.08%.
- ROE: 0.72%; ROA: 0.051%; Net debt to equity and cash flow metrics imply a strong liquidity posture but subdued profitability on an ROE basis.
Notes on data quality
- Several line items (e.g., gross profit margins, some tax/expense allocations) appear to be stylized or inconsistent with typical banking accounting (e.g., gross margin of 100%). The interpretation above follows the provided data points and should be cross-checked against the formal annual report and interim filings for exact accounting treatment.