---
title: "Yunnan Baiyao (000538.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/000538.SZ/norm.md"
symbol: "000538.SZ"
name: "Yunnan Baiyao"
parent: "https://longbridge.com/en/quote/000538.SZ.md"
datetime: "2026-05-20T01:34:31.307Z"
locales:
  - [en](https://longbridge.com/en/quote/000538.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/000538.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/000538.SZ/norm.md)
---

# Yunnan Baiyao (000538.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 1.14 | 0.2108 | 0.6407 | 0.9593 | 1.08 |
| ROE | 19.84% | 3.77% | 11.42% | 16.74% | 19.44% |
| Revenue | 11.60B | 10.53B | 9.40B | 10.42B | 10.84B |
| Net income | 2.04B | 376.37M | 1.14B | 1.70B | 1.93B |
| Operating income | 2.12B | 12.79M | 1.37B | 1.23B | 2.01B |
| Gross margin | 30.63% | 25.52% | 28.71% | 29.72% | 31.55% |
| Net margin | 17.56% | 3.57% | 12.18% | 16.30% | 17.85% |
| Profit quality | 255.63% | 8.90% | 276.21% | 37.96% | 281.06% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 56.46B | 54.27B | 53.34B | 54.54B | 54.25B |
| Leverage | 1.34 | 1.35 | 1.34 | 1.35 | 1.33 |
| BVPS | 23.59 | 22.44 | 22.27 | 22.65 | 22.85 |
| Turnover | 0.7578 | 0.7685 | 0.7484 | 0.7499 | 0.7217 |
| Cash & STI | 14.02B | 13.67B | 13.58B | 15.30B | 13.85B |
| Inv & Rec | 6.16B | 6.23B | 5.78B | 5.84B | 5.97B |
| LT assets | 4.35B | 4.33B | 4.11B | 4.05B | 4.03B |
| Net debt | -13.70B | -13.19B | -13.29B | -15.00B | -13.53B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 829.02M | 143.72M | 494.78M | 3.25B | 713.60M |
| Investing CF | -527.41M | 228.05M | -1.26B | -888.65M | -66.64M |
| Financing CF | -185.70M | 121.10M | -1.89B | -2.11B | -471.21M |
| Free CF | 10.56M | 472.43M | -325.19M | 3.29B | -569.80M |
| OCF coverage | 279.30% | 49.60% | 25.95% | 140.73% | 125.89% |
| Repaid & issued | - | 166.51M | 3.72M | 10.17M | - |
| CapEx | -136.82M | -152.23M | -123.38M | -78.18M | -125.86M |

## Distribution Plan

**Dividend Yield**: 5.12

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
1.583CNY | 2026-04-29 | 2026-04-30 | 2026-04-30 |
| Cash Dividend: 
1.019CNY | 2025-09-23 | 2025-09-24 | 2025-09-24 |
| Cash Dividend: 
1.185CNY | 2025-04-29 | 2025-04-30 | 2025-04-30 |