---
title: "Sanmu Group (000632.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/000632.SZ/norm.md"
symbol: "000632.SZ"
name: "Sanmu Group"
parent: "https://longbridge.com/en/quote/000632.SZ.md"
datetime: "2026-03-10T15:46:25.043Z"
locales:
  - [en](https://longbridge.com/en/quote/000632.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/000632.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/000632.SZ/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/000632.SZ/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/000632.SZ/norm.md)


# Sanmu Group (000632.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0681 | -0.1626 | -0.0627 | -0.9461 | -0.2117 |
| ROE | -14.16% | -31.90% | -11.64% | -142.34% | -26.17% |
| Revenue | 847.40M | 1.65B | 2.11B | 1.05B | 2.63B |
| Net income | -31.72M | -75.76M | -29.17M | -440.28M | -98.56M |
| Operating income | -6.13M | 9.59M | 23.78M | -250.57M | -8.12M |
| Gross margin | 3.86% | 3.18% | 2.82% | -19.19% | 3.18% |
| Net margin | -3.74% | -4.60% | -1.38% | -42.00% | -3.75% |
| Profit quality | - | -9.36% | 9.27% | - | - |

## Balance Sheet (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 8.33B | 8.31B | 8.52B | 8.52B | 9.22B |
| Leverage | 6.34 | 6.16 | 5.98 | 5.85 | 4.82 |
| BVPS | 1.89 | 1.96 | 2.12 | 2.18 | 3.13 |
| Turnover | 0.6446 | 0.8365 | 0.9944 | 1.14 | 1.38 |
| Cash & STI | 660.19M | 781.18M | 886.16M | 829.05M | 835.59M |
| Inv & Rec | 2.68B | 2.70B | 2.76B | 2.75B | 2.83B |
| LT assets | 471.61M | 475.93M | 480.32M | 483.71M | 487.69M |
| Net debt | 3.74B | 3.52B | 3.34B | 3.58B | 3.61B |

## Cash Flow Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -156.26M | -102.52M | 256.60M | -218.11M | -352.50M |
| Investing CF | 201683.00 | 444073.00 | -2.87M | -1.11M | 47.46M |
| Financing CF | 138.40M | 12.81M | -252.87M | 225.26M | 228.65M |
| Free CF | -205.40M | -101.10M | 284.21M | 200.73M | -392.27M |
| OCF coverage | -9.22% | -5.09% | 18.41% | -73.93% | -25.41% |
| Repaid & issued | 1.73B | 2.01B | 1.19B | 480.08M | 1.38B |
| CapEx | -799999.00 | -1.56M | -2.55M | -1.84M | -3.62M |