CompanyGraph
What stands out
- Most companies in its industry are production businesses; this one is an interface business
At a glance
- Depends onMidstream position: 5 outgoing, 4 incoming connections
- PositionProfit margin is -185.4%, lower than 95% of its Communication Equipment peers (median 2%)
- FinancialsAltman Z-Score 0.07: distress zone
- Interpretations3 currently firing — 3
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is an interface business
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
4.68BCNY698.22M · vs all stocks (USD)
Revenue (TTM)
1.02BCNY152.16M · vs all stocks (USD)
Profit Margin
-185.43%vs Communication Equipment peers
Beta
1.01xvs all stocks
52-Week Change
-29.51%vs all stocks
Market Capitalization
4.68BCNY698.22M · vs all stocks (USD)
Enterprise Value
12.19BCNY1.82B · vs all stocks (USD)
Price to Sales (TTM)
4.47xvs Communication Equipment peers
Price to Book (MRQ)
0.9171xvs Communication Equipment peers
Enterprise to Revenue
11.96xvs Communication Equipment peers
Enterprise to EBITDA
-12.66xvs Communication Equipment peers
Gross Margin
24.30%vs Communication Equipment peers
Profit Margin
-185.43%vs Communication Equipment peers
Operating Margin
-11.48%vs Communication Equipment peers
Return on Assets (TTM)
-4.19%vs Communication Equipment peers
Return on Equity (TTM)
-33.55%vs Communication Equipment peers
Revenue (TTM)
1.02BCNY152.16M · vs all stocks (USD)
Revenue per Share (TTM)
0.9220CNYUpdated Sep 21, 2026Quarterly Revenue Growth
-21.90%vs Communication Equipment peers
Gross Profit (TTM)
-734.80MCNY-109.73M · vs all stocks (USD)
EBITDA (TTM)
-962.48MCNY-143.73M · vs all stocks (USD)
Net Income (TTM)
-1.89BCNY-282.15M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-18.61%vs Communication Equipment peers
Operating Cash Flow (TTM)
155.49MCNY23.22M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
112.00MCNY16.72M · vs all stocks (USD)
5-Year Average Dividend Yield
2.02%vs all stocks
Payout Ratio
0.00%vs Communication Equipment peers
Minority Interest (Equity)
385.94MCNYFY2025 · Dec 31, 2025Revenue
1.17BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
1.05BCNYFY2025 · Dec 31, 2025Gross Profit
118.26MCNYFY2025 · Dec 31, 2025Operating Income
-266.33MCNY-39.77M · vs all stocks (USD)
Pre-tax Income
-1.90BCNYFY2025 · Dec 31, 2025Income Tax Expense
-39.77MCNYFY2025 · Dec 31, 2025Net Income
-1.86BCNYFY2025 · Dec 31, 2025EBIT
-1.66BCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
-22.62MCNYFY2025 · Dec 31, 2025Research & Development
27.72MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
73.99MCNYFY2025 · Dec 31, 2025Other Operating Expenses
106.76MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
10.00MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
241.33MCNYFY2025 · Dec 31, 2025EPS (Basic)
-1.65CNYFY2025 · Dec 31, 2025EPS (Diluted)
-1.65CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
1.12BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
1.12BSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-1.86BCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
8.42MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-1.28BCNYFY2025 · Dec 31, 2025Free Cash Flow
-1.40BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
1.20BCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-1.86BCNYFY2025 · Dec 31, 2025Other Non-cash Items
375.64MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
172.78MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
28.82MCNYFY2025 · Dec 31, 2025Capital Expenditures
-124.22MCNYFY2025 · Dec 31, 2025Sale of Investments
26.27MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-97.96MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
2.39BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-2.23BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-226.11MCNYFY2025 · Dec 31, 2025Other Financing Charges
-170.91MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-242.20MCNYFY2025 · Dec 31, 2025Shares Outstanding
1.12BSharesUpdated Sep 21, 2026Float Shares
567.68MSharesUpdated Sep 21, 2026% Held by Insiders
50.30%vs all stocks
% Held by Institutions
2.30%vs all stocks
Total Cash (MRQ)
916.93MCNY136.93M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.8200CNYUpdated Sep 21, 2026Total Debt (MRQ)
8.17BCNY1.22B · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.53xvs Communication Equipment peers
Current Ratio (MRQ)
1.64xvs Communication Equipment peers
Book Value per Share (MRQ)
4.44CNYUpdated Sep 21, 2026Total Assets
15.43BCNY2.30B · vs all stocks (USD)
Total Current Assets
8.08BCNYFY2025 · Dec 31, 2025Total Liabilities
10.88BCNYFY2025 · Dec 31, 2025Total Non-current Assets
7.36BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
4.17BCNYFY2025 · Dec 31, 2025Total Current Liabilities
6.71BCNYFY2025 · Dec 31, 2025Cash
1.20BCNYFY2025 · Dec 31, 2025Cash Equivalents
75.05MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
1.28BCNYFY2025 · Dec 31, 2025Accounts Receivable
632.73MCNYFY2025 · Dec 31, 2025Inventory
5.56BCNYFY2025 · Dec 31, 2025Accounts Payable
1.62BCNYFY2025 · Dec 31, 2025Short-term Debt
3.05BCNYFY2025 · Dec 31, 2025Other Current Liabilities
1.15BCNYFY2025 · Dec 31, 2025Long-term Debt
3.96BCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
29.59MCNYFY2025 · Dec 31, 2025Common Stock (Book)
1.12BCNYFY2025 · Dec 31, 2025Retained Earnings
-224.18MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
4.56BCNY680.21M · vs all stocks (USD)
52-Week Low
3.53CNYUpdated Sep 21, 202652-Week High
6.74CNYUpdated Sep 21, 202652-Week Change
-29.51%vs all stocks
Beta
1.01xvs all stocks
50-Day MA
3.98CNYUpdated Sep 21, 2026200-Day MA
4.76CNYUpdated Sep 21, 2026Avg 10-Day Volume
11.26MSharesUpdated Sep 21, 2026Avg 30-Day Volume
11.85MSharesUpdated Sep 21, 2026Diluted EPS (TTM)
-1.69CNYUpdated Sep 21, 20263 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?
Diagnostic
Elevated Inventory and Working Capital Buildup
The balance sheet has shrunk four years running, and inventory is much of what remains.
Reads
Where is this company structurally exposed?
Within or Near the Altman Distress Zone
Debt is a large share of its assets, and large against its cash flow.
Reads
Elevated Leverage on Three Denominators
Debt sits high against its equity, its assets, and its cash flow.
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
Profit margin is -185.4%, lower than 95% of its Communication Equipment peers (median 2%)Significant
Profit margin: -1.85Industry median: 0.02Industry P5: -0.67Peers compared: 107
Return on equity is -33.5%, lower than 95% of its Communication Equipment peers (median 1.6%)Significant
Return on equity: -0.34Industry median: 0.02Industry P5: -0.30Peers compared: 107
Debt-to-equity is 1.53×, higher than 95% of its Communication Equipment peers (median 0.15×)Significant
Debt-to-equity: 1.53Industry median: 0.15Industry P95: 1.23Peers compared: 107
Price-to-book is 0.92×, lower than 95% of its Communication Equipment peers (median 3.42×)Notable
Price-to-book: 0.92Industry median: 3.42Industry P5: 1.33Peers compared: 107
Structural Tensions
Most companies in its industry are production businesses; this one is an interface businessSignificant
Industry peers: 181Share on the common pattern %: 96.00
Looks liquid, but the distress score says otherwiseNotable
Current Ratio: 1.64Altman Z-Score: 0.07
Financial Health
Altman Z-Score 0.07: distress zoneCritical
Altman Z-Score: 0.07
Supply Chain
Midstream position: 5 outgoing, 4 incoming connectionsNotable
Outgoing: 5.00Incoming: 4.00
Companies that share the same coordination system — how they create, deliver, or capture value.
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Tier 1InterfaceThroughput-Bound ConversionSenseMakingFlow
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Tier 1InterfaceThroughput-Bound ConversionAttentionSenseMaking
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Tier 1InterfaceThroughput-Bound ConversionAttentionSenseMaking
Nanjing Business & Tourism Co., Ltd.
Tier 1InterfaceThroughput-Bound ConversionProductionFlow
Cross Country Healthcare Inc.
Tier 1InterfaceThroughput-Bound ConversionFlowSenseMaking
Yangzhou Jinquan Tourism Co., Ltd.
Tier 1InterfaceThroughput-Bound ConversionAttentionFlow
Discount Investment Corporation Ltd.
Tier 1InterfaceThroughput-Bound ConversionRiskFlow
Amn Healthcare Services Inc.
Tier 1InterfaceThroughput-Bound ConversionFlowSenseMaking
Shanghai Foreign Service Co., Ltd.
Tier 1InterfaceThroughput-Bound ConversionSenseMakingFlow
Transcom Inc.
Tier 1InterfaceThroughput-Bound ConversionFlowAttention
Companies that share active interpretations — structural patterns currently present in both stocks.
Nanjing Central Emporium Group Co., Ltd.
3 interpretationsElevated Leverage on Three DenominatorsWithin or Near the Altman Distress ZoneElevated Inventory and Working Capital Buildup
China First Heavy Industries Co., Ltd.
2 interpretationsElevated Leverage on Three DenominatorsWithin or Near the Altman Distress Zone
China High-Speed Railway Co., Ltd.
2 interpretationsElevated Leverage on Three DenominatorsWithin or Near the Altman Distress Zone