Revenue and Profitability:
- Revenue: 1,178,789,000 CNY; YoY +13.05%; QoQ 0.00%
- Gross Profit: 1,178,789,000 CNY; YoY +13.05%; QoQ 0.00%
- Operating Income: 578,493,500 CNY; YoY +9.20%; QoQ 0.00%
- Net Income: 458,616,500 CNY; YoY +3.48%; QoQ 0.00%
- EPS: 0.0587 CNY; YoY +4.45%; QoQ 0.00%
Margin and Efficiency:
- Gross Profit Margin: 100.0%
- Operating Margin: 49.08%
- Net Profit Margin: 38.91%
- Tax Rate: 7.39%
- SG&A (General & Administrative + Selling & Marketing): 600,295,500 CNY; as a share of revenue approximately 50.9%
Balance Sheet and Liquidity:
- Total Assets: 441,463,774,000 CNY
- Total Liabilities: 410,666,307,000 CNY
- Total Equity: 28,898,113,000 CNY
- Cash & Cash Equivalents: 13,334,631,000 CNY
- Current Ratio / Quick Ratio / Cash Ratio: 1.253x (all three liquidity metrics shown as 1.253x)
- Debt Metrics: Long‑Term Debt 14,699,411,000 CNY; Total Debt 14,699,411,000 CNY; Debt Ratio 3.33%; Debt to Equity 0.509x; Long‑Term Debt to Capitalization 33.7%
- Net Debt: 1,364,779,000 CNY
Cash Flow:
- Net Income (used as starting point): 458,616,500 CNY
- Operating Cash Flow: -543,500 CNY (near break-even after working capital effects)
- Free Cash Flow: -200,626,500 CNY
- Cash used in investing activities: -6,391,342,000 CNY
- Cash provided by financing activities: 6,204,669,500 CNY
- Dividends Paid: -108,370,000 CNY
Valuation and Returns:
- P/B: 0.733x; P/E: 11.55x; Dividend Yield: 0.511%
- ROE: 1.59%; ROA: 0.104%; Asset Turnover: 0.00267x; Capital Multiplier: 15.28x
- 4Q trailing metrics indicate a conservative growth profile typical of regional lenders with strong liquidity and modest profitability upside in a improving domestic lending environment.