CompanyGraph
What stands out
- Most companies in its industry are flow businesses; this one is a production business
At a glance
- Depends onMidstream position: 6 outgoing, 9 incoming connections
- PositionGross margin is 16%, lower than 95% of its Telecom Services peers (median 46.5%)
- FinancialsAltman Z-Score 1.92: grey zone
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are flow businesses; this one is a production business
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
0.17%Below 5Y avg (0.35%)
Annual Rate
CNY 0.02Paid annual
Payout Ratio
45.5%Sustainable
Last Ex-Dividend
Nov 11, 2025
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
2.68BCNY399.27M · vs all stocks (USD)
Revenue (TTM)
1.94BCNY288.46M · vs all stocks (USD)
Profit Margin
-8.33%vs Telecom Services peers
Beta
0.2230xvs all stocks
52-Week Change
-28.55%vs all stocks
Market Capitalization
2.68BCNY399.27M · vs all stocks (USD)
Enterprise Value
3.22BCNY478.70M · vs all stocks (USD)
Price to Sales (TTM)
1.38xvs Telecom Services peers
Price to Book (MRQ)
2.92xvs Telecom Services peers
Enterprise to Revenue
1.66xvs Telecom Services peers
Enterprise to EBITDA
-30.50xvs Telecom Services peers
Gross Margin
16.02%vs Telecom Services peers
Profit Margin
-8.33%vs Telecom Services peers
Operating Margin
3.64%vs Telecom Services peers
Return on Assets (TTM)
-3.09%vs Telecom Services peers
Return on Equity (TTM)
-15.24%vs Telecom Services peers
Revenue (TTM)
1.94BCNY288.46M · vs all stocks (USD)
Revenue per Share (TTM)
8.71CNYUpdated Aug 21, 2026Quarterly Revenue Growth
29.90%vs Telecom Services peers
Gross Profit (TTM)
280.41MCNY41.70M · vs all stocks (USD)
EBITDA (TTM)
53.36MCNY7.94M · vs all stocks (USD)
Net Income (TTM)
-161.48MCNY-24.01M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
45.20%vs Telecom Services peers
Operating Cash Flow (TTM)
18.99MCNY2.82M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-3.10MCNY-461.59K · vs all stocks (USD)
Trailing Annual Dividend Rate
0.0200CNYUpdated Aug 21, 2026Trailing Annual Dividend Yield
0.17%vs all stocks
5-Year Average Dividend Yield
0.35%vs all stocks
Payout Ratio
45.45%vs Telecom Services peers
Minority Interest (Equity)
18.83MCNYFY2025 · Dec 31, 2025Revenue
1.84BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
1.56BCNYFY2025 · Dec 31, 2025Gross Profit
279.56MCNYFY2025 · Dec 31, 2025Operating Income
53.26MCNY7.92M · vs all stocks (USD)
Pre-tax Income
-150.35MCNYFY2025 · Dec 31, 2025Income Tax Expense
8.14MCNYFY2025 · Dec 31, 2025Net Income
-158.49MCNYFY2025 · Dec 31, 2025EBIT
-129.06MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
53.36MCNYFY2025 · Dec 31, 2025Research & Development
80.30MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
64.58MCNYFY2025 · Dec 31, 2025Other Operating Expenses
8.09MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
1.63MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
21.28MCNYFY2025 · Dec 31, 2025EPS (Basic)
-0.7300CNYFY2025 · Dec 31, 2025EPS (Diluted)
-0.7300CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
223.33MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
223.33MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-158.49MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-4.54MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-308.15MCNYFY2025 · Dec 31, 2025Free Cash Flow
-361.72MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
292.25MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-158.49MCNYFY2025 · Dec 31, 2025Other Non-cash Items
105.34MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-127.56MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-127.45MCNYFY2025 · Dec 31, 2025Capital Expenditures
-53.57MCNYFY2025 · Dec 31, 2025Net Acquisitions
-22.77KCNYFY2025 · Dec 31, 2025Purchase of Investments
-380.00KCNYFY2025 · Dec 31, 2025Other Investing Activity
-2.72MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-56.69MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
1.04BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-785.67MCNYFY2025 · Dec 31, 2025Common Dividends Paid
-35.19MCNYFY2025 · Dec 31, 2025Other Financing Charges
4.28MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
224.25MCNYFY2025 · Dec 31, 2025Shares Outstanding
231.06MSharesUpdated Aug 21, 2026Float Shares
145.74MSharesUpdated Aug 21, 2026% Held by Insiders
37.49%vs all stocks
% Held by Institutions
1.29%vs all stocks
Total Cash (MRQ)
282.59MCNY42.02M · vs all stocks (USD)
Total Cash per Share (MRQ)
1.26CNYUpdated Aug 21, 2026Total Debt (MRQ)
871.52MCNY129.60M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.9506xvs Telecom Services peers
Current Ratio (MRQ)
1.25xvs Telecom Services peers
Book Value per Share (MRQ)
3.98CNYUpdated Aug 21, 2026Total Assets
2.43BCNY361.64M · vs all stocks (USD)
Total Current Assets
1.85BCNYFY2025 · Dec 31, 2025Total Liabilities
1.53BCNYFY2025 · Dec 31, 2025Total Non-current Assets
579.30MCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
13.84MCNYFY2025 · Dec 31, 2025Total Current Liabilities
1.51BCNYFY2025 · Dec 31, 2025Cash
282.88MCNYFY2025 · Dec 31, 2025Cash Equivalents
127.21MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
410.08MCNYFY2025 · Dec 31, 2025Accounts Receivable
852.44MCNYFY2025 · Dec 31, 2025Inventory
323.36MCNYFY2025 · Dec 31, 2025Accounts Payable
531.46MCNYFY2025 · Dec 31, 2025Short-term Debt
870.51MCNYFY2025 · Dec 31, 2025Other Current Liabilities
4.93MCNYFY2025 · Dec 31, 2025Long-term Debt
9.63MCNYFY2025 · Dec 31, 2025Common Stock (Book)
231.06MCNYFY2025 · Dec 31, 2025Retained Earnings
203.56MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
904.58MCNY134.52M · vs all stocks (USD)
Treasury Stock
80.09MCNYFY2025 · Dec 31, 202552-Week Low
9.20CNYUpdated Aug 21, 202652-Week High
17.75CNYUpdated Aug 21, 202652-Week Change
-28.55%vs all stocks
Beta
0.2230xvs all stocks
50-Day MA
11.19CNYUpdated Aug 21, 2026200-Day MA
13.50CNYUpdated Aug 21, 2026Avg 10-Day Volume
4.58MSharesUpdated Aug 21, 2026Avg 30-Day Volume
4.42MSharesUpdated Aug 21, 2026Diluted EPS (TTM)
-0.7300CNYUpdated Aug 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 16%, lower than 95% of its Telecom Services peers (median 46.5%)Significant
Gross margin: 0.16Industry median: 0.46Industry P5: 0.16Peers compared: 56.00
Structural Tensions
Most companies in its industry are flow businesses; this one is a production businessSignificant
Industry peers: 140Share on the common pattern %: 90.00
Financial Health
Altman Z-Score 1.92: grey zoneSignificant
Altman Z-Score: 1.92
Supply Chain
Midstream position: 6 outgoing, 9 incoming connectionsNotable
Outgoing: 6.00Incoming: 9.00
High connectivity hub: 15 industry connectionsNotable
Total Connections: 15.00
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