Revenue: 425,213,042 CNY; YoY +60.17%; QoQ 0.00%
Gross Profit: 179,067,358 CNY; Gross Margin 42.11%; YoY +96.35%
EBITDA: 25,898,274 CNY; EBITDA Margin 6.09%
Operating Income: 16,188,582 CNY; Operating Margin 3.81%; YoY +3.91%
Net Income: 12,068,316 CNY; Net Margin 2.84%; YoY +20.90%
EPS: 0.0904 CNY; YoY +20.86%
SG&A / Operating Expenses: 162,878,776 CNY (SG&A); 18,719,190 CNY (G&A); 147,596,944 CNY (Selling & Marketing)
Income Tax Expense: 3,644,182 CNY; Effective Tax Rate ~23.22%
Liquidity: Current Ratio 1.233; Quick Ratio 0.684; Cash Ratio 0.134
Working Capital Metrics: DSO 42.41 days; DIO 88.56 days; DPO 41.91 days; Cash Conversion Cycle ~89.06 days
Profitability & Returns: Gross Margin 42.11%; Operating Margin 3.81%; Pretax Margin 3.70%; Net Margin 2.84%
Efficiency: Asset Turnover 0.563; Inventory Turnover 1.016; Receivables Turnover 2.12
Leverage & Capitalization: Debt Ratio 0.25; Debt/Equity 0.68; Long-Term Debt to Capitalization 0.077; Total Debt to Capitalization 0.405
Returns on Capital: ROA 1.60%; ROE 4.35%; ROCE 5.15%
Valuation: P/E 2.47; P/BV 0.429; P/S 0.280; EV/EBITDA 9.61; Dividend Yield 8.91%
Notes: Operating Cash Flow per Share and Free Cash Flow per Share are reported as 0, indicating no disclosed per-share cash flow in QQ2 2025. Net cash flow visibility remains a key area to monitor.