CompanyGraph
What stands out
- Most companies in its industry are flow businesses; this one is a production business
At a glance
- Depends onMidstream position: 6 outgoing, 4 incoming connections
- ScaleLevered free cash flow is -$218.75M, lower than 95% of all stocks globally
- PositionGross margin is 68.9%, higher than 95% of its Infrastructure Operations peers (median 37.7%)
- Interpretations4 currently firing — 4
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are flow businesses; this one is a production business
Sign in to view price data.
Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
3.21%Below 5Y avg (3.43%)
Annual Rate
CNY 0.33Paid annual
Payout Ratio
58.7%Sustainable
Payback Period
30.7 yr
Last Ex-Dividend
May 19, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
10.50BCNY1.57B · vs all stocks (USD)
Trailing P/E
12.38xvs Infrastructure Operations peers
Revenue (TTM)
1.49BCNY221.77M · vs all stocks (USD)
Profit Margin
56.60%vs Infrastructure Operations peers
Beta
0.5350xvs all stocks
52-Week Change
-10.86%vs all stocks
Market Capitalization
10.50BCNY1.57B · vs all stocks (USD)
Enterprise Value
12.38BCNY1.85B · vs all stocks (USD)
Trailing P/E
12.38xvs Infrastructure Operations peers
Forward P/E
11.67xvs Infrastructure Operations peers
Price to Sales (TTM)
7.10xvs Infrastructure Operations peers
Price to Book (MRQ)
1.02xvs Infrastructure Operations peers
Enterprise to Revenue
8.33xvs Infrastructure Operations peers
Enterprise to EBITDA
13.87xvs Infrastructure Operations peers
Gross Margin
68.91%vs Infrastructure Operations peers
Profit Margin
56.60%vs Infrastructure Operations peers
Operating Margin
59.58%vs Infrastructure Operations peers
Return on Assets (TTM)
2.56%vs Infrastructure Operations peers
Return on Equity (TTM)
7.95%vs Infrastructure Operations peers
Revenue (TTM)
1.49BCNY221.77M · vs all stocks (USD)
Revenue per Share (TTM)
1.43CNYUpdated Sep 19, 2026Quarterly Revenue Growth
-13.70%vs Infrastructure Operations peers
Gross Profit (TTM)
1.01BCNY151.27M · vs all stocks (USD)
EBITDA (TTM)
1.33BCNY197.88M · vs all stocks (USD)
Net Income (TTM)
841.52MCNY125.52M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-15.10%vs Infrastructure Operations peers
Operating Cash Flow (TTM)
2.52BCNY375.15M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-1.47BCNY-218.75M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.3250CNYUpdated Sep 19, 2026Trailing Annual Dividend Yield
3.21%vs all stocks
5-Year Average Dividend Yield
3.43%vs all stocks
Payout Ratio
58.68%vs Infrastructure Operations peers
Minority Interest (Equity)
100.41MCNYFY2025 · Dec 31, 2025Revenue
1.55BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
497.28MCNYFY2025 · Dec 31, 2025Gross Profit
1.05BCNYFY2025 · Dec 31, 2025Operating Income
941.90MCNY140.49M · vs all stocks (USD)
Pre-tax Income
984.39MCNYFY2025 · Dec 31, 2025Income Tax Expense
182.96MCNYFY2025 · Dec 31, 2025Net Income
801.43MCNYFY2025 · Dec 31, 2025EBIT
1.05BCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
1.58BCNYFY2025 · Dec 31, 2025Research & Development
4.29MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
22.38MCNYFY2025 · Dec 31, 2025Other Operating Expenses
10.59MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
52.28MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
63.50MCNYFY2025 · Dec 31, 2025Net Income from Continuing Operations
801.43MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
22.07MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
1.99BCNYFY2025 · Dec 31, 2025Free Cash Flow
618.71MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
2.81BCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
801.43MCNYFY2025 · Dec 31, 2025Other Non-cash Items
75.96MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
1.17BCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-65.57MCNYFY2025 · Dec 31, 2025Capital Expenditures
-1.37BCNYFY2025 · Dec 31, 2025Purchase of Investments
-807.47MCNYFY2025 · Dec 31, 2025Sale of Investments
1.21BCNYFY2025 · Dec 31, 2025Other Investing Activity
-531.96KCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-960.95MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
1.10BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-3.25BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-665.41MCNYFY2025 · Dec 31, 2025Other Financing Charges
-1.08MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-2.82BCNYFY2025 · Dec 31, 2025Shares Outstanding
1.04BSharesUpdated Sep 19, 2026Float Shares
313.67MSharesUpdated Sep 19, 2026% Held by Insiders
71.17%vs all stocks
% Held by Institutions
1.70%vs all stocks
Total Cash (MRQ)
2.72BCNY405.49M · vs all stocks (USD)
Total Cash per Share (MRQ)
2.62CNYUpdated Sep 19, 2026Total Debt (MRQ)
4.46BCNY665.10M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.4262xvs Infrastructure Operations peers
Current Ratio (MRQ)
2.14xvs Infrastructure Operations peers
Book Value per Share (MRQ)
9.98CNYUpdated Sep 19, 2026Total Assets
15.76BCNY2.35B · vs all stocks (USD)
Total Current Assets
4.78BCNYFY2025 · Dec 31, 2025Total Liabilities
5.47BCNYFY2025 · Dec 31, 2025Total Non-current Assets
10.98BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
3.59BCNYFY2025 · Dec 31, 2025Total Current Liabilities
1.89BCNYFY2025 · Dec 31, 2025Cash
2.81BCNYFY2025 · Dec 31, 2025Cash Equivalents
1.95MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
2.81BCNYFY2025 · Dec 31, 2025Other Short-term Investments
61.75MCNYFY2025 · Dec 31, 2025Accounts Receivable
46.91MCNYFY2025 · Dec 31, 2025Accounts Payable
159.03MCNYFY2025 · Dec 31, 2025Short-term Debt
1.14BCNYFY2025 · Dec 31, 2025Other Current Liabilities
1.47MCNYFY2025 · Dec 31, 2025Long-term Debt
3.52BCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
8.94MCNYFY2025 · Dec 31, 2025Common Stock (Book)
1.04BCNYFY2025 · Dec 31, 2025Retained Earnings
6.52BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
10.29BCNY1.53B · vs all stocks (USD)
52-Week Low
9.15CNYUpdated Sep 19, 202652-Week High
12.25CNYUpdated Sep 19, 202652-Week Change
-10.86%vs all stocks
Beta
0.5350xvs all stocks
50-Day MA
9.95CNYUpdated Sep 19, 2026200-Day MA
10.33CNYUpdated Sep 19, 2026Avg 10-Day Volume
5.92MSharesUpdated Sep 19, 2026Avg 30-Day Volume
6.75MSharesUpdated Sep 19, 2026Diluted EPS (TTM)
0.8200CNYUpdated Sep 19, 20264 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Retained Earnings Heavy With Elevated Payout
Profits kept in the business fund much of what it owns, and it now pays out most of what it earns.
Reads
How does this company use capital?
Three Margin Ratios Elevated Across Gross, Operating, And Cash-Conversion Levels
Its gross margin and its cash margin are high for its industry, and its operating margin is high outright.
Reads
Three Margin Ratios Elevated Across Gross, Operating, And Net Levels
Its gross and net margins are high for its industry, and its operating margin is high outright.
Reads
How is this stock valued?
High Retained Earnings With Profitability And Equity
Profits kept in the business fund much of what it owns, after five straight profitable years.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Gross margin is 68.9%, higher than 95% of its Infrastructure Operations peers (median 37.7%)Significant
Gross margin: 0.69Industry median: 0.38Industry P95: 0.67Peers compared: 27.00
Operating margin is 59.6%, higher than 95% of its Infrastructure Operations peers (median 28.5%)Significant
Operating margin: 0.60Industry median: 0.29Industry P95: 0.59Peers compared: 27.00
Profit margin is 56.6%, higher than 95% of its Infrastructure Operations peers (median 20.2%)Significant
Profit margin: 0.57Industry median: 0.20Industry P95: 0.54Peers compared: 27.00
Structural Tensions
Most companies in its industry are flow businesses; this one is a production businessSignificant
Industry peers: 47.00Share on the common pattern %: 77.00
Financial Health
Altman Z-Score 2.27: grey zoneSignificant
Altman Z-Score: 2.27
High structural barrier to entryNotable
Barrier to Entry: 0.63
Supply Chain
Midstream position: 6 outgoing, 4 incoming connectionsNotable
Outgoing: 6.00Incoming: 4.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Levered free cash flow is -$218.75M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -218,748,404.751Global P5: -202,685,365.334
Market cap is $1.57B, above the global median of $1.18BNotable
Market cap (USD): 1,566,048,980.69Global Median: 1,180,223,658.953
Companies that share the same coordination system — how they create, deliver, or capture value.
Hunan Junxin Environmental Protection Co., Ltd.
Tier 1ProductionRegulated Return InfrastructureRuleFlow
Befesa SA
Tier 1ProductionRegulated Return InfrastructureFlowRule
China Tianying Inc.
Tier 1ProductionRegulated Return InfrastructureFlowRule
Catrion Catering Holding Co.
Tier 1ProductionRegulated Return InfrastructureFlowInterface
Dynagreen Environmental Protection Group Co. Ltd.
Tier 1ProductionRegulated Return InfrastructureRuleFlow
Beijing Originwater Technology Co., Ltd.
Tier 1ProductionRegulated Return InfrastructureRuleFlow
Grandtop Yongxing Group Co., Ltd.
Tier 1ProductionRegulated Return InfrastructureFlow
Nippon Densetsu Kogyo Co., Ltd.
Tier 1ProductionRegulated Return InfrastructureFlowRule
Chongqing Fuling Electric Co., Ltd.
Tier 1ProductionRegulated Return InfrastructureFlowRule
IRB Infrastructure Developers Ltd.
Tier 1ProductionRegulated Return InfrastructureFlowRisk
Companies that share active interpretations — structural patterns currently present in both stocks.
Games Workshop Group PLC
4 interpretationsThree Margin Ratios Elevated Across Gross, Operating, And Net LevelsRetained Earnings Heavy With Elevated PayoutHigh Retained Earnings With Profitability And EquityThree Margin Ratios Elevated Across Gross, Operating, And Cash-Conversion Levels
Beijing Strong Biotechnologies, Inc.
4 interpretationsThree Margin Ratios Elevated Across Gross, Operating, And Net LevelsRetained Earnings Heavy With Elevated PayoutHigh Retained Earnings With Profitability And EquityThree Margin Ratios Elevated Across Gross, Operating, And Cash-Conversion Levels
Yealink Network Technology Co., Ltd.
4 interpretationsThree Margin Ratios Elevated Across Gross, Operating, And Net LevelsRetained Earnings Heavy With Elevated PayoutHigh Retained Earnings With Profitability And EquityThree Margin Ratios Elevated Across Gross, Operating, And Cash-Conversion Levels