CompanyGraph
Qingyan Environmental Technology Co., Ltd.
301288 · SZSE · China
tsinghuan.com.cnFinancials as of FY2025
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
At a glance
- Depends onUpstream position: supplies 5 industries, depends on 1
- ScaleMarket cap is $269.1M, lower than 95% of all stocks globally
- PositionOperating margin is -72.6%, lower than 95% of its Waste Management peers (median 9.4%)
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Sign inThe reported statements, read against the company's own industry.
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
Financials view
Market Capitalization
1.81BCNY269.10M · vs all stocks (USD)
Revenue (TTM)
190.14MCNY28.20M · vs all stocks (USD)
Profit Margin
-16.70%vs Waste Management peers
Beta
0.8540xvs all stocks
52-Week Change
8.25%vs all stocks
Market Capitalization
1.81BCNY269.10M · vs all stocks (USD)
Enterprise Value
1.54BCNY228.17M · vs all stocks (USD)
Price to Sales (TTM)
9.87xvs Waste Management peers
Price to Book (MRQ)
2.36xvs Waste Management peers
Enterprise to Revenue
8.09xvs Waste Management peers
Enterprise to EBITDA
-37.57xvs Waste Management peers
Gross Margin
-7.01%vs Waste Management peers
Profit Margin
-16.70%vs Waste Management peers
Operating Margin
-72.57%vs Waste Management peers
Return on Assets (TTM)
-3.41%vs Waste Management peers
Return on Equity (TTM)
-4.95%vs Waste Management peers
Revenue (TTM)
190.14MCNY28.20M · vs all stocks (USD)
Revenue per Share (TTM)
1.79CNYUpdated Aug 19, 2026Quarterly Revenue Growth
124.10%vs Waste Management peers
Gross Profit (TTM)
22.23MCNY3.30M · vs all stocks (USD)
EBITDA (TTM)
6.23MCNY923.56K · vs all stocks (USD)
Net Income (TTM)
-31.75MCNY-4.71M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
2.94%vs Waste Management peers
Operating Cash Flow (TTM)
-61.65MCNY-9.14M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-69.90MCNY-10.37M · vs all stocks (USD)
Payout Ratio
0.00%vs Waste Management peers
Minority Interest (Equity)
37.75MCNYFY2025 · Dec 31, 2025Revenue
178.25MCNYFY2025 · Dec 31, 2025Cost of Goods Sold
145.92MCNYFY2025 · Dec 31, 2025Gross Profit
32.33MCNYFY2025 · Dec 31, 2025Operating Income
-15.80MCNY-2.34M · vs all stocks (USD)
Pre-tax Income
-30.76MCNYFY2025 · Dec 31, 2025Income Tax Expense
-2.93MCNYFY2025 · Dec 31, 2025Net Income
-27.83MCNYFY2025 · Dec 31, 2025EBIT
-29.72MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
6.23MCNYFY2025 · Dec 31, 2025Research & Development
12.45MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
12.28MCNYFY2025 · Dec 31, 2025Other Operating Expenses
2.95MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
6.57MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
1.03MCNYFY2025 · Dec 31, 2025EPS (Basic)
-0.2100CNYFY2025 · Dec 31, 2025EPS (Diluted)
-0.2100CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
106.03MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
106.03MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-27.83MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
5.56MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-110.97MCNYFY2025 · Dec 31, 2025Free Cash Flow
-203.24MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
43.95MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-27.83MCNYFY2025 · Dec 31, 2025Other Non-cash Items
2.06MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-56.03MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-29.17MCNYFY2025 · Dec 31, 2025Capital Expenditures
-92.27MCNYFY2025 · Dec 31, 2025Net Acquisitions
-47.12MCNYFY2025 · Dec 31, 2025Purchase of Investments
-632.81MCNYFY2025 · Dec 31, 2025Sale of Investments
821.41MCNYFY2025 · Dec 31, 2025Other Investing Activity
-322.04KCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
48.88MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
25.00MCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-26.66MCNYFY2025 · Dec 31, 2025Common Dividends Paid
-1.03MCNYFY2025 · Dec 31, 2025Other Financing Charges
26.08MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
23.38MCNYFY2025 · Dec 31, 2025Shares Outstanding
108.01MSharesUpdated Aug 19, 2026Float Shares
40.00MSharesUpdated Aug 19, 2026% Held by Insiders
71.99%vs all stocks
% Held by Institutions
0.00%vs all stocks
Total Cash (MRQ)
296.36MCNY43.95M · vs all stocks (USD)
Total Cash per Share (MRQ)
2.79CNYUpdated Aug 19, 2026Total Debt (MRQ)
26.74MCNY3.96M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.0327xvs Waste Management peers
Current Ratio (MRQ)
3.46xvs Waste Management peers
Book Value per Share (MRQ)
7.37CNYUpdated Aug 19, 2026Total Assets
1.06BCNY157.43M · vs all stocks (USD)
Total Current Assets
639.25MCNYFY2025 · Dec 31, 2025Total Liabilities
232.23MCNYFY2025 · Dec 31, 2025Total Non-current Assets
422.29MCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
34.57MCNYFY2025 · Dec 31, 2025Total Current Liabilities
197.66MCNYFY2025 · Dec 31, 2025Cash
188.81MCNYFY2025 · Dec 31, 2025Cash Equivalents
10.85KCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
188.82MCNYFY2025 · Dec 31, 2025Other Short-term Investments
144.13MCNYFY2025 · Dec 31, 2025Accounts Receivable
191.46MCNYFY2025 · Dec 31, 2025Inventory
61.10MCNYFY2025 · Dec 31, 2025Accounts Payable
115.57MCNYFY2025 · Dec 31, 2025Short-term Debt
26.28MCNYFY2025 · Dec 31, 2025Other Current Liabilities
4.48MCNYFY2025 · Dec 31, 2025Long-term Debt
1.98MCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
6.01MCNYFY2025 · Dec 31, 2025Common Stock (Book)
108.01MCNYFY2025 · Dec 31, 2025Retained Earnings
47.38MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
829.32MCNY122.99M · vs all stocks (USD)
Treasury Stock
25.70MCNYFY2025 · Dec 31, 202552-Week Low
13.34CNYUpdated Aug 19, 202652-Week High
21.50CNYUpdated Aug 19, 202652-Week Change
8.25%vs all stocks
Beta
0.8540xvs all stocks
50-Day MA
16.98CNYUpdated Aug 19, 2026200-Day MA
17.92CNYUpdated Aug 19, 2026Avg 10-Day Volume
2.00MSharesUpdated Aug 19, 2026Avg 30-Day Volume
1.64MSharesUpdated Aug 19, 2026Diluted EPS (TTM)
-0.3000CNYUpdated Aug 19, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Operating margin is -72.6%, lower than 95% of its Waste Management peers (median 9.4%)Significant
Operating margin: -0.73Industry median: 0.09Industry P5: -0.30Peers compared: 55.00
Debt-to-equity is 0.03×, lower than 95% of its Waste Management peers (median 0.84×)Notable
Debt-to-equity: 0.03Industry median: 0.84Industry P5: 0.04Peers compared: 55.00
Structural Tensions
Revenue is growing, but receivables have grown faster over the last six to eight yearsSignificant
Revenue Growth YoY: 1.24Receivables vs revenue divergence: 2.23
Financial Health
Low earnings qualitySignificant
Earnings Quality Score: -0.73
Altman Z-Score 5.33: safe zoneNotable
Altman Z-Score: 5.33
Supply Chain
Upstream position: supplies 5 industries, depends on 1Notable
Outgoing: 5.00Incoming: 1.00
Scale
Market cap is $269.1M, lower than 95% of all stocks globallySignificant
Market cap (USD): 269,100,434.4Global P5: 269,387,740.27
Revenue is $28.2M, lower than 95% of all stocks globallySignificant
Revenue (USD): 28,198,480.958Global P5: 30,274,777.221
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