Financial Highlights
Revenue and margins: Revenue 231,732,500 CNY, up 11.74% YoY and 14.32% QoQ; gross profit 56,379,500 CNY with gross margin 24.33%. Cost structure: Cost of revenue 175,353,000 CNY; operating expenses 19,792,000 CNY; selling, general and administrative expenses totaling 11,046,500 CNY (plus 9,440,000 CNY R&D/GA), contributing to an operating income of 36,587,500 CNY and EBITDA of 38,846,500 CNY (EBITDA margin 16.76%). Profitability: income before tax 9,097,500 CNY; income tax 8,892,000 CNY; net income 18,095,500 CNY; net income margin 7.81%; EPS 0.0308 CNY (diluted 0.0308 CNY); YoY EPS growth 377.48%, QoQ -31.25%. Cash flow and capex: Net cash from operating activities 25,283,500 CNY; capex (purchases of property, plant and equipment) -1,956,500 CNY; free cash flow 23,327,000 CNY; dividends paid -14,781,500 CNY; net cash used in financing -13,231,500 CNY; net change in cash -234,383,000 CNY. Balance sheet health: Total assets 1,280,716,000 CNY; cash and cash equivalents 264,018,000 CNY; total debt 47,050,000 CNY; net debt -216,968,000 CNY (net cash). Liquidity and efficiency: current ratio 1.594x; quick ratio 1.527x; cash ratio 0.405x; DSO 148.82 days; DIO 22.43 days; DPO 74.40 days; CCC 171.25 days; asset turnover 0.181x; equity multiplier 2.19x. Valuation snapshot: price-to-earnings 5.64x; price-to-book 0.70x; dividend yield 7.17%; enterprise value multiple 4.92x.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
231.73M |
11.74% |
14.32% |
| Gross Profit |
56.38M |
-1.36% |
-14.72% |
| Operating Income |
36.59M |
151.98% |
46.53% |
| Net Income |
18.10M |
387.25% |
-28.83% |
| EPS |
0.03 |
377.48% |
-31.25% |