---
title: "Poly Union (002037.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002037.SZ/norm.md"
symbol: "002037.SZ"
name: "Poly Union"
parent: "https://longbridge.com/en/quote/002037.SZ.md"
datetime: "2026-03-10T02:47:16.605Z"
locales:
  - [en](https://longbridge.com/en/quote/002037.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002037.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002037.SZ/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/002037.SZ/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/002037.SZ/norm.md)


# Poly Union (002037.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0811 | 0.0008 | -0.1250 | 0.2004 | -0.0125 |
| ROE | -8.28% | 0.08% | -12.65% | 20.24% | -1.26% |
| Revenue | 1.42B | 1.99B | 1.20B | 2.25B | 1.65B |
| Net income | -39.26M | 379653.00 | -60.36M | 97.31M | -6.04M |
| Operating income | 64.88M | 72.12M | -8.19M | 75.79M | 53.98M |
| Gross margin | 16.45% | 17.88% | 16.58% | 20.10% | 17.11% |
| Net margin | -2.76% | 0.02% | -5.04% | 4.32% | -0.37% |
| Profit quality | 168.33% | 50.84% | - | 13.59% | 47.86% |

## Balance Sheet (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 16.86B | 16.99B | 16.70B | 17.05B | 16.89B |
| Leverage | 6.00 | 6.02 | 5.98 | 5.98 | 5.88 |
| BVPS | 3.88 | 3.95 | 3.90 | 3.98 | 3.96 |
| Turnover | 0.4063 | 0.4183 | 0.4016 | 0.3852 | 0.3468 |
| Cash & STI | 1.30B | 1.33B | 1.28B | 1.56B | 1.37B |
| Inv & Rec | 350.59M | 357.18M | 374.12M | 375.90M | 395.17M |
| LT assets | 2.11B | 2.10B | 2.10B | 2.11B | 2.06B |
| Net debt | 4.39B | 4.48B | 4.40B | 4.04B | 4.71B |

## Cash Flow Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 38.55M | 141.86M | -239.70M | 557.68M | 112.78M |
| Investing CF | -29.01M | -55.59M | -23.20M | -50.75M | -60.18M |
| Financing CF | -41.17M | 88.98M | -33.59M | -224.22M | 44.82M |
| Free CF | -22.26M | 48.22M | -315.89M | 933.94M | 250.80M |
| OCF coverage | 7.66% | 16.11% | -19.78% | 16.62% | 11.07% |
| Repaid & issued | 358.67M | 1.12B | 1.18B | 4.11B | -479.72M |
| CapEx | -56.61M | -55.75M | -23.22M | -62.67M | -62.91M |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.043CNY | 2022-08-10 | 2022-08-11 | 2022-08-11 |
| Cash Dividend: 
0.052CNY | 2021-07-21 | 2021-07-22 | 2021-07-22 |
| Cash Dividend: 
0.06CNY | 2020-07-17 | 2020-07-20 | 2020-07-20 |