CompanyGraph
Shenzhen Topway Video Communication Co., Ltd.
002238 · SZSE · China
topway.com.cnFinancials as of FY2025
What stands out
- Most companies in its industry are attention businesses; this one is a production business
At a glance
- Depends onUpstream position: supplies 4 industries, depends on 2
- ScaleLevered free cash flow is $21.79M, above the global median of $16.24M
- FinancialsAltman Z-Score 2.17: grey zone
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are attention businesses; this one is a production business
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
4.83BCNY716.50M · vs all stocks (USD)
Revenue (TTM)
1.26BCNY186.22M · vs all stocks (USD)
Profit Margin
-15.87%Beta
1.29xvs all stocks
52-Week Change
-33.07%vs all stocks
Market Capitalization
4.83BCNY716.50M · vs all stocks (USD)
Enterprise Value
4.62BCNY685.49M · vs all stocks (USD)
Price to Sales (TTM)
3.91xPrice to Book (MRQ)
2.51xEnterprise to Revenue
3.68xEnterprise to EBITDA
47.75xGross Margin
21.27%Profit Margin
-15.87%Operating Margin
-13.48%Return on Assets (TTM)
-1.77%Return on Equity (TTM)
-9.36%Revenue (TTM)
1.26BCNY186.22M · vs all stocks (USD)
Revenue per Share (TTM)
1.56CNYUpdated Aug 19, 2026Quarterly Revenue Growth
-13.40%Gross Profit (TTM)
310.62MCNY46.07M · vs all stocks (USD)
EBITDA (TTM)
235.34MCNY34.90M · vs all stocks (USD)
Net Income (TTM)
-199.25MCNY-29.55M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-43.00%Operating Cash Flow (TTM)
202.02MCNY29.96M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
146.93MCNY21.79M · vs all stocks (USD)
5-Year Average Dividend Yield
1.22%vs all stocks
Payout Ratio
0.00%Minority Interest (Equity)
56.91MCNYFY2025 · Dec 31, 2025Revenue
1.29BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
978.29MCNYFY2025 · Dec 31, 2025Gross Profit
313.41MCNYFY2025 · Dec 31, 2025Operating Income
-44.99MCNY-6.67M · vs all stocks (USD)
Pre-tax Income
-197.16MCNYFY2025 · Dec 31, 2025Income Tax Expense
1.77MCNYFY2025 · Dec 31, 2025Net Income
-198.93MCNYFY2025 · Dec 31, 2025EBIT
-187.22MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
235.34MCNYFY2025 · Dec 31, 2025Research & Development
67.92MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
64.25MCNYFY2025 · Dec 31, 2025Other Operating Expenses
7.41MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
26.14MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
9.95MCNYFY2025 · Dec 31, 2025EPS (Basic)
-0.2407CNYFY2025 · Dec 31, 2025EPS (Diluted)
-0.2407CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
802.51MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
802.51MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-198.93MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
5.77MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-87.55MCNYFY2025 · Dec 31, 2025Free Cash Flow
-262.14MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
591.51MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-198.93MCNYFY2025 · Dec 31, 2025Other Non-cash Items
69.30MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
33.11MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
8.98MCNYFY2025 · Dec 31, 2025Capital Expenditures
-174.59MCNYFY2025 · Dec 31, 2025Purchase of Investments
-697.70MCNYFY2025 · Dec 31, 2025Sale of Investments
1.15BCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
274.70MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
321.47MCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-403.50MCNYFY2025 · Dec 31, 2025Common Dividends Paid
-50.14MCNYFY2025 · Dec 31, 2025Other Financing Charges
-165.03MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-297.20MCNYFY2025 · Dec 31, 2025Shares Outstanding
802.56MSharesUpdated Aug 19, 2026Float Shares
201.41MSharesUpdated Aug 19, 2026% Held by Insiders
75.81%vs all stocks
% Held by Institutions
0.67%vs all stocks
Total Cash (MRQ)
662.13MCNY98.19M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.8250CNYUpdated Aug 19, 2026Total Debt (MRQ)
292.99MCNY43.45M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.1460xCurrent Ratio (MRQ)
0.6970xBook Value per Share (MRQ)
2.43CNYUpdated Aug 19, 2026Total Assets
3.62BCNY536.93M · vs all stocks (USD)
Total Current Assets
1.00BCNYFY2025 · Dec 31, 2025Total Liabilities
1.59BCNYFY2025 · Dec 31, 2025Total Non-current Assets
2.62BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
141.61MCNYFY2025 · Dec 31, 2025Total Current Liabilities
1.45BCNYFY2025 · Dec 31, 2025Cash
615.86MCNYFY2025 · Dec 31, 2025Cash Equivalents
5.09MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
620.94MCNYFY2025 · Dec 31, 2025Other Short-term Investments
5.01MCNYFY2025 · Dec 31, 2025Accounts Receivable
155.79MCNYFY2025 · Dec 31, 2025Inventory
39.79MCNYFY2025 · Dec 31, 2025Accounts Payable
504.61MCNYFY2025 · Dec 31, 2025Short-term Debt
277.24MCNYFY2025 · Dec 31, 2025Other Current Liabilities
22.69MCNYFY2025 · Dec 31, 2025Long-term Debt
16.91MCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
1.33MCNYFY2025 · Dec 31, 2025Common Stock (Book)
802.56MCNYFY2025 · Dec 31, 2025Retained Earnings
794.19MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
2.03BCNY300.92M · vs all stocks (USD)
52-Week Low
5.27CNYUpdated Aug 19, 202652-Week High
10.30CNYUpdated Aug 19, 202652-Week Change
-33.07%vs all stocks
Beta
1.29xvs all stocks
50-Day MA
5.81CNYUpdated Aug 19, 2026200-Day MA
7.51CNYUpdated Aug 19, 2026Avg 10-Day Volume
5.74MSharesUpdated Aug 19, 2026Avg 30-Day Volume
6.25MSharesUpdated Aug 19, 2026Diluted EPS (TTM)
-0.2500CNYUpdated Aug 19, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Most companies in its industry are attention businesses; this one is a production businessSignificant
Industry peers: 28.00Share on the common pattern %: 86.00
Financial Health
Altman Z-Score 2.17: grey zoneSignificant
Altman Z-Score: 2.17
Supply Chain
Upstream position: supplies 4 industries, depends on 2Notable
Outgoing: 4.00Incoming: 2.00
Scale
Levered free cash flow is $21.79M, above the global median of $16.24MNotable
Levered free cash flow (USD): 21,790,245.762Global Median: 16,239,329.704
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