---
title: "SED (000032.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/000032.SZ/norm.md"
symbol: "000032.SZ"
name: "SED"
parent: "https://longbridge.com/en/quote/000032.SZ.md"
datetime: "2026-03-12T04:24:30.016Z"
locales:
  - [en](https://longbridge.com/en/quote/000032.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/000032.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/000032.SZ/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/000032.SZ/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/000032.SZ/norm.md)


# SED (000032.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.1768 | -0.0558 | -0.0299 | 0.4009 | -0.0780 |
| ROE | -13.02% | -3.99% | -2.10% | 29.08% | -5.73% |
| Revenue | 9.58B | 10.89B | 12.55B | 18.97B | 15.17B |
| Net income | -201.33M | -63.43M | -34.06M | 456.34M | -88.72M |
| Operating income | -213.17M | 165.63M | 227.13M | 653.83M | 391780.00 |
| Gross margin | 5.05% | 10.11% | 8.42% | 12.72% | 7.94% |
| Net margin | -2.10% | -0.58% | -0.27% | 2.41% | -0.58% |
| Profit quality | - | -6.50% | -11.89% | 20.54% | 0.08% |

## Balance Sheet (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 67.22B | 67.91B | 68.05B | 70.31B | 65.80B |
| Leverage | 5.68 | 5.65 | 5.49 | 5.67 | 5.74 |
| BVPS | 5.38 | 5.50 | 5.67 | 5.71 | 5.32 |
| Turnover | 0.7816 | 0.8804 | 1.02 | 1.06 | 1.06 |
| Cash & STI | 8.28B | 8.12B | 10.41B | 12.25B | 9.34B |
| Inv & Rec | 1.39B | 1.55B | 1.14B | 1.08B | 1.41B |
| LT assets | 5.72B | 6.14B | 5.91B | 5.94B | 6.09B |
| Net debt | 5.34B | 4.34B | 1.35B | -1.02B | 2.27B |

## Cash Flow Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -213.43M | -2.55B | -1.91B | 3.18B | 478.19M |
| Investing CF | 128.41M | -46.33M | -81.87M | -220.23M | 170.91M |
| Financing CF | 607.37M | -145.11M | 296.12M | -207.50M | -567.03M |
| Free CF | -1.65B | -1.59B | -2.39B | 3.27B | -67.51M |
| OCF coverage | -10.49% | -241.36% | -89.93% | 122.79% | 13.43% |
| Repaid & issued | 2.71B | 1.27B | 2.35B | 1.67B | 2.89B |
| CapEx | -36.01M | -58.83M | -128.61M | -252.87M | -113.42M |

## Distribution Plan

**Dividend Yield**: 0.61

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.12CNY | 2025-05-29 | 2025-05-30 | 2025-05-30 |
| Cash Dividend: 
0.11CNY | 2024-06-06 | 2024-06-07 | 2024-06-07 |
| Cash Dividend: 
0.08CNY | 2023-06-07 | 2023-06-08 | 2023-06-08 |