CompanyGraph
What stands out
- Earnings significantly exceed cash generation
At a glance
- Depends onMidstream position: 6 outgoing, 4 incoming connections
- ScaleLevered free cash flow is -$318.83M, lower than 95% of all stocks globally
- PositionGross margin is 10.9%, lower than 95% of its Infrastructure Operations peers (median 37.7%)
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
1.89%Above 5Y avg (0.91%)
Annual Rate
CNY 0.20Paid annual
Payout Ratio
0.0%Sustainable
Payback Period
52.7 yr
Last Ex-Dividend
Jul 9, 2026
The reported statements, read against the company's own industry.
What stands out
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
7.72BCNY1.15B · vs all stocks (USD)
Trailing P/E
18.82xvs Infrastructure Operations peers
Revenue (TTM)
10.33BCNY1.54B · vs all stocks (USD)
Profit Margin
3.87%vs Infrastructure Operations peers
Beta
0.1190xvs all stocks
52-Week Change
-37.21%vs all stocks
Market Capitalization
7.72BCNY1.15B · vs all stocks (USD)
Enterprise Value
14.38BCNY2.15B · vs all stocks (USD)
Trailing P/E
18.82xvs Infrastructure Operations peers
Forward P/E
16.05xvs Infrastructure Operations peers
Price to Sales (TTM)
0.7447xvs Infrastructure Operations peers
Price to Book (MRQ)
1.58xvs Infrastructure Operations peers
Enterprise to Revenue
1.39xvs Infrastructure Operations peers
Enterprise to EBITDA
20.48xvs Infrastructure Operations peers
Gross Margin
10.92%vs Infrastructure Operations peers
Profit Margin
3.87%vs Infrastructure Operations peers
Operating Margin
8.20%vs Infrastructure Operations peers
Return on Assets (TTM)
1.87%vs Infrastructure Operations peers
Return on Equity (TTM)
7.23%vs Infrastructure Operations peers
Revenue (TTM)
10.33BCNY1.54B · vs all stocks (USD)
Revenue per Share (TTM)
14.49CNYUpdated Sep 21, 2026Quarterly Revenue Growth
38.70%vs Infrastructure Operations peers
Gross Profit (TTM)
1.05BCNY157.41M · vs all stocks (USD)
EBITDA (TTM)
993.81MCNY148.41M · vs all stocks (USD)
Net Income (TTM)
399.82MCNY59.71M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-24.50%vs Infrastructure Operations peers
Operating Cash Flow (TTM)
-485.41MCNY-72.49M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-2.14BCNY-318.83M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.2000CNYUpdated Sep 21, 2026Trailing Annual Dividend Yield
1.89%vs all stocks
5-Year Average Dividend Yield
0.91%vs all stocks
Payout Ratio
0.00%vs Infrastructure Operations peers
Minority Interest (Equity)
1.60BCNYFY2025 · Dec 31, 2025Revenue
9.43BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
8.40BCNYFY2025 · Dec 31, 2025Gross Profit
1.04BCNYFY2025 · Dec 31, 2025Operating Income
688.24MCNY102.78M · vs all stocks (USD)
Pre-tax Income
613.90MCNYFY2025 · Dec 31, 2025Income Tax Expense
122.87MCNYFY2025 · Dec 31, 2025Net Income
491.03MCNYFY2025 · Dec 31, 2025EBIT
800.58MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
1.10BCNYFY2025 · Dec 31, 2025Research & Development
26.57MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
46.74MCNYFY2025 · Dec 31, 2025Other Operating Expenses
53.99MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
168.36MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
186.68MCNYFY2025 · Dec 31, 2025EPS (Basic)
0.7000CNYFY2025 · Dec 31, 2025EPS (Diluted)
0.7000CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
674.92MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
674.92MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
491.03MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-18.59MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-63.51MCNYFY2025 · Dec 31, 2025Free Cash Flow
-1.97BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
3.58BCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
491.03MCNYFY2025 · Dec 31, 2025Other Non-cash Items
193.16MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-604.03MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-143.67MCNYFY2025 · Dec 31, 2025Capital Expenditures
-1.91BCNYFY2025 · Dec 31, 2025Purchase of Investments
-199.03MCNYFY2025 · Dec 31, 2025Sale of Investments
781.54MCNYFY2025 · Dec 31, 2025Other Investing Activity
-49.97MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-1.38BCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
2.27BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-1.64BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-267.60MCNYFY2025 · Dec 31, 2025Other Financing Charges
139.19MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
502.02MCNYFY2025 · Dec 31, 2025Shares Outstanding
729.75MSharesUpdated Sep 21, 2026Float Shares
391.02MSharesUpdated Sep 21, 2026% Held by Insiders
47.51%vs all stocks
% Held by Institutions
1.16%vs all stocks
Total Cash (MRQ)
2.92BCNY436.36M · vs all stocks (USD)
Total Cash per Share (MRQ)
4.00CNYUpdated Sep 21, 2026Total Debt (MRQ)
8.01BCNY1.20B · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.24xvs Infrastructure Operations peers
Current Ratio (MRQ)
1.21xvs Infrastructure Operations peers
Book Value per Share (MRQ)
6.68CNYUpdated Sep 21, 2026Total Assets
21.86BCNY3.26B · vs all stocks (USD)
Total Current Assets
10.45BCNYFY2025 · Dec 31, 2025Total Liabilities
15.56BCNYFY2025 · Dec 31, 2025Total Non-current Assets
11.41BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
5.38BCNYFY2025 · Dec 31, 2025Total Current Liabilities
10.18BCNYFY2025 · Dec 31, 2025Cash
3.58BCNYFY2025 · Dec 31, 2025Cash Equivalents
174.81MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
3.76BCNYFY2025 · Dec 31, 2025Other Short-term Investments
19.99MCNYFY2025 · Dec 31, 2025Accounts Receivable
1.95BCNYFY2025 · Dec 31, 2025Inventory
329.18MCNYFY2025 · Dec 31, 2025Accounts Payable
5.44BCNYFY2025 · Dec 31, 2025Short-term Debt
1.64BCNYFY2025 · Dec 31, 2025Other Current Liabilities
132.51MCNYFY2025 · Dec 31, 2025Long-term Debt
5.03BCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
126.84MCNYFY2025 · Dec 31, 2025Common Stock (Book)
729.75MCNYFY2025 · Dec 31, 2025Retained Earnings
2.06BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
6.30BCNY941.45M · vs all stocks (USD)
52-Week Low
9.13CNYUpdated Sep 21, 202652-Week High
21.61CNYUpdated Sep 21, 202652-Week Change
-37.21%vs all stocks
Beta
0.1190xvs all stocks
50-Day MA
10.51CNYUpdated Sep 21, 2026200-Day MA
13.59CNYUpdated Sep 21, 2026Avg 10-Day Volume
6.70MSharesUpdated Sep 21, 2026Avg 30-Day Volume
9.08MSharesUpdated Sep 21, 2026Diluted EPS (TTM)
0.5600CNYUpdated Sep 21, 2026Shared 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 10.9%, lower than 95% of its Infrastructure Operations peers (median 37.7%)Significant
Gross margin: 0.11Industry median: 0.38Industry P5: 0.24Peers compared: 27.00
Operating margin is 8.2%, lower than 95% of its Infrastructure Operations peers (median 28.5%)Significant
Operating margin: 0.08Industry median: 0.29Industry P5: 0.11Peers compared: 27.00
Profit margin is 3.9%, lower than 95% of its Infrastructure Operations peers (median 20.2%)Significant
Profit margin: 0.04Industry median: 0.20Industry P5: 0.07Peers compared: 27.00
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 59,705,431.206Operating Cash Flow (USD, TTM): -72,486,750.767
Financial Health
Altman Z-Score 1: distress zoneCritical
Altman Z-Score: 1.00
High earnings qualityNotable
Earnings Quality Score: 0.59
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 -$318.83M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -318,831,200.129Global P5: -202,685,365.334
Revenue is $1.54B, above the global median of $548.88MNotable
Revenue (USD): 1,542,299,889.439Global Median: 548,883,780.48
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