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 15.8%, lower than 95% of its Telecom Services peers (median 50.1%)
- 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 (0.34%)
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
2.69BCNY401.97M · vs all stocks (USD)
Revenue (TTM)
2.02BCNY302.00M · vs all stocks (USD)
Profit Margin
-7.90%vs Telecom Services peers
Beta
0.2430xvs all stocks
52-Week Change
-21.11%vs all stocks
Market Capitalization
2.69BCNY401.97M · vs all stocks (USD)
Enterprise Value
2.98BCNY445.21M · vs all stocks (USD)
Price to Sales (TTM)
1.30xvs Telecom Services peers
Price to Book (MRQ)
2.80xvs Telecom Services peers
Enterprise to Revenue
1.47xvs Telecom Services peers
Enterprise to EBITDA
-29.86xvs Telecom Services peers
Gross Margin
15.81%vs Telecom Services peers
Profit Margin
-7.90%vs Telecom Services peers
Operating Margin
3.40%vs Telecom Services peers
Return on Assets (TTM)
-3.05%vs Telecom Services peers
Return on Equity (TTM)
-13.85%vs Telecom Services peers
Revenue (TTM)
2.02BCNY302.00M · vs all stocks (USD)
Revenue per Share (TTM)
8.78CNYUpdated Sep 22, 2026Quarterly Revenue Growth
18.30%vs Telecom Services peers
Gross Profit (TTM)
292.69MCNY43.71M · vs all stocks (USD)
EBITDA (TTM)
53.36MCNY7.97M · vs all stocks (USD)
Net Income (TTM)
-159.85MCNY-23.87M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
19.70%vs Telecom Services peers
Operating Cash Flow (TTM)
142.32MCNY21.25M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
90.20MCNY13.47M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.0200CNYUpdated Sep 22, 2026Trailing Annual Dividend Yield
0.17%vs all stocks
5-Year Average Dividend Yield
0.34%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
53.26MCNY7.95M · 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 Sep 22, 2026Float Shares
146.74MSharesUpdated Sep 22, 2026% Held by Insiders
37.86%vs all stocks
% Held by Institutions
0.29%vs all stocks
Total Cash (MRQ)
404.74MCNY60.44M · vs all stocks (USD)
Total Cash per Share (MRQ)
1.80CNYUpdated Sep 22, 2026Total Debt (MRQ)
794.64MCNY118.66M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.8378xvs Telecom Services peers
Current Ratio (MRQ)
1.31xvs Telecom Services peers
Book Value per Share (MRQ)
4.05CNYUpdated Sep 22, 2026Total Assets
2.43BCNY363.15M · 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
904.58MCNY135.08M · vs all stocks (USD)
Treasury Stock
80.09MCNYFY2025 · Dec 31, 202552-Week Low
9.20CNYUpdated Sep 22, 202652-Week High
17.75CNYUpdated Sep 22, 202652-Week Change
-21.11%vs all stocks
Beta
0.2430xvs all stocks
50-Day MA
11.09CNYUpdated Sep 22, 2026200-Day MA
13.15CNYUpdated Sep 22, 2026Avg 10-Day Volume
2.26MSharesUpdated Sep 22, 2026Avg 30-Day Volume
2.97MSharesUpdated Sep 22, 2026Diluted EPS (TTM)
-0.7200CNYUpdated Sep 22, 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 15.8%, lower than 95% of its Telecom Services peers (median 50.1%)Significant
Gross margin: 0.16Industry median: 0.50Industry 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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