What stands out
- Earnings significantly exceed cash generation
At a glance
- Depends onUpstream position: supplies 5 industries, depends on 1
- ScaleLevered free cash flow is -$266.73M, lower than 95% of all stocks globally
- PositionGross margin is 9.6%, lower than 95% of its Waste Management peers (median 34.1%)
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
0.19%
Annual Rate
CNY 0.06Paid annual
Payout Ratio
6.7%Sustainable
Last Ex-Dividend
Jul 10, 2026
The reported statements, read against the company's own industry.
What stands out
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
15.06BCNY2.25B · vs all stocks (USD)
Trailing P/E
19.31xvs Waste Management peers
Revenue (TTM)
18.28BCNY2.73B · vs all stocks (USD)
Profit Margin
4.25%vs Waste Management peers
Beta
1.75xvs all stocks
52-Week Change
73.92%vs all stocks
Market Capitalization
15.06BCNY2.25B · vs all stocks (USD)
Enterprise Value
21.95BCNY3.28B · vs all stocks (USD)
Trailing P/E
19.31xvs Waste Management peers
Price to Sales (TTM)
0.8239xvs Waste Management peers
Price to Book (MRQ)
2.79xvs Waste Management peers
Enterprise to Revenue
1.20xvs Waste Management peers
Enterprise to EBITDA
12.06xvs Waste Management peers
Gross Margin
9.62%vs Waste Management peers
Profit Margin
4.25%vs Waste Management peers
Operating Margin
6.72%vs Waste Management peers
Return on Assets (TTM)
5.74%vs Waste Management peers
Return on Equity (TTM)
14.31%vs Waste Management peers
Revenue (TTM)
18.28BCNY2.73B · vs all stocks (USD)
Revenue per Share (TTM)
32.66CNYUpdated Sep 21, 2026Quarterly Revenue Growth
55.30%vs Waste Management peers
Gross Profit (TTM)
1.66BCNY247.28M · vs all stocks (USD)
EBITDA (TTM)
1.36BCNY202.81M · vs all stocks (USD)
Net Income (TTM)
776.67MCNY115.90M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
57.80%vs Waste Management peers
Operating Cash Flow (TTM)
-654.15MCNY-97.61M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-1.79BCNY-266.73M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.0550CNYUpdated Sep 21, 2026Trailing Annual Dividend Yield
0.19%vs all stocks
Payout Ratio
6.69%vs Waste Management peers
Minority Interest (Equity)
245.50MCNYFY2025 · Dec 31, 2025Revenue
14.84BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
13.85BCNYFY2025 · Dec 31, 2025Gross Profit
989.97MCNYFY2025 · Dec 31, 2025Operating Income
648.65MCNY96.79M · vs all stocks (USD)
Pre-tax Income
296.22MCNYFY2025 · Dec 31, 2025Income Tax Expense
1.04MCNYFY2025 · Dec 31, 2025Net Income
295.18MCNYFY2025 · Dec 31, 2025EBIT
468.96MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
1.16BCNYFY2025 · Dec 31, 2025Research & Development
24.46MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
38.72MCNYFY2025 · Dec 31, 2025Other Operating Expenses
53.38MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
12.71MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
172.74MCNYFY2025 · Dec 31, 2025EPS (Basic)
0.5129CNYFY2025 · Dec 31, 2025EPS (Diluted)
0.5129CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
560.07MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
560.07MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
295.18MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-7.92MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-507.67MCNYFY2025 · Dec 31, 2025Free Cash Flow
-1.07BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
406.89MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
295.18MCNYFY2025 · Dec 31, 2025Other Non-cash Items
174.59MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-113.96MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-863.47MCNYFY2025 · Dec 31, 2025Capital Expenditures
-559.38MCNYFY2025 · Dec 31, 2025Purchase of Investments
-40.00MCNYFY2025 · Dec 31, 2025Sale of Investments
66.26MCNYFY2025 · Dec 31, 2025Other Investing Activity
-218.94MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-752.05MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
4.72BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-4.02BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-218.61MCNYFY2025 · Dec 31, 2025Other Financing Charges
291.35MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
773.25MCNYFY2025 · Dec 31, 2025Shares Outstanding
561.95MSharesUpdated Sep 21, 2026Float Shares
132.62MSharesUpdated Sep 21, 2026% Held by Insiders
79.43%vs all stocks
% Held by Institutions
1.63%vs all stocks
Total Cash (MRQ)
1.20BCNY179.23M · vs all stocks (USD)
Total Cash per Share (MRQ)
2.14CNYUpdated Sep 21, 2026Total Debt (MRQ)
7.84BCNY1.17B · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.39xvs Waste Management peers
Current Ratio (MRQ)
1.20xvs Waste Management peers
Book Value per Share (MRQ)
9.62CNYUpdated Sep 21, 2026Total Assets
13.38BCNY2.00B · vs all stocks (USD)
Total Current Assets
6.69BCNYFY2025 · Dec 31, 2025Total Liabilities
8.37BCNYFY2025 · Dec 31, 2025Total Non-current Assets
6.70BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
1.69BCNYFY2025 · Dec 31, 2025Total Current Liabilities
6.68BCNYFY2025 · Dec 31, 2025Cash
406.89MCNYFY2025 · Dec 31, 2025Cash Equivalents
440.25MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
847.14MCNYFY2025 · Dec 31, 2025Other Short-term Investments
2.20MCNYFY2025 · Dec 31, 2025Accounts Receivable
125.68MCNYFY2025 · Dec 31, 2025Inventory
4.97BCNYFY2025 · Dec 31, 2025Accounts Payable
1.67BCNYFY2025 · Dec 31, 2025Short-term Debt
4.70BCNYFY2025 · Dec 31, 2025Other Current Liabilities
9.56MCNYFY2025 · Dec 31, 2025Long-term Debt
1.59BCNYFY2025 · Dec 31, 2025Common Stock (Book)
561.95MCNYFY2025 · Dec 31, 2025Retained Earnings
2.39BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
5.02BCNY748.76M · vs all stocks (USD)
Treasury Stock
11.68MCNYFY2025 · Dec 31, 202552-Week Low
14.51CNYUpdated Sep 21, 202652-Week High
33.16CNYUpdated Sep 21, 202652-Week Change
73.92%vs all stocks
Beta
1.75xvs all stocks
50-Day MA
23.44CNYUpdated Sep 21, 2026200-Day MA
22.81CNYUpdated Sep 21, 2026Avg 10-Day Volume
14.02MSharesUpdated Sep 21, 2026Avg 30-Day Volume
14.27MSharesUpdated Sep 21, 2026Diluted EPS (TTM)
1.39CNYUpdated 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 9.6%, lower than 95% of its Waste Management peers (median 34.1%)Significant
Gross margin: 0.10Industry median: 0.34Industry P5: 0.11Peers compared: 24.00
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 115,895,148.641Operating Cash Flow (USD, TTM): -97,612,962.543
Financial Health
Altman Z-Score 2.55: grey zoneSignificant
Altman Z-Score: 2.55
Low earnings qualitySignificant
Earnings Quality Score: -0.95
Supply Chain
Upstream position: supplies 5 industries, depends on 1Notable
Outgoing: 5.00Incoming: 1.00
Scale
Levered free cash flow is -$266.73M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -266,728,615.557Global P5: -202,685,365.334
Market cap is $2.25B, above the global median of $1.18BNotable
Market cap (USD): 2,247,172,839.957Global Median: 1,180,223,658.953
Revenue is $2.73B, above the global median of $548.88MNotable
Revenue (USD): 2,727,488,790.282Global Median: 548,883,780.48
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