---
title: "MINHE (002234.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002234.SZ/norm.md"
symbol: "002234.SZ"
name: "MINHE"
parent: "https://longbridge.com/en/quote/002234.SZ.md"
datetime: "2026-05-21T05:57:07.120Z"
locales:
  - [en](https://longbridge.com/en/quote/002234.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002234.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002234.SZ/norm.md)
---

# MINHE (002234.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.1900 | -0.1097 | -0.0461 | -0.4121 | -0.2000 |
| ROE | -15.55% | -8.53% | -3.49% | -30.27% | -14.19% |
| Revenue | 469.40M | 617.16M | 558.20M | 518.53M | 467.61M |
| Net income | -67.51M | -38.16M | -15.86M | -143.46M | -71.03M |
| Operating income | -56.29M | -92.23M | 72.68M | -139.35M | -52.44M |
| Gross margin | -0.01% | -2.26% | 21.74% | -14.66% | 1.95% |
| Net margin | -14.38% | -6.18% | -2.84% | -27.67% | -15.19% |
| Profit quality | - | -222.55% | 167.00% | -272.68% | -1499.90% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 3.59B | 3.65B | 3.70B | 3.76B | 3.78B |
| Leverage | 2.12 | 2.07 | 2.07 | 2.08 | 1.94 |
| BVPS | 4.88 | 5.07 | 5.18 | 5.23 | 5.64 |
| Turnover | 0.5873 | 0.5770 | 0.5580 | 0.5518 | 0.5560 |
| Cash & STI | 486.54M | 527.69M | 563.84M | 614.83M | 546.18M |
| Inv & Rec | 577.08M | 578.51M | 571.88M | 532.65M | 595.91M |
| LT assets | 2.12B | 2.15B | 2.14B | 2.15B | 2.17B |
| Net debt | 1.05B | 1.00B | 961.27M | 935.09M | 928.64M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -20.09M | 41.44M | 43.52M | 51.10M | 3.50M |
| Investing CF | -26.12M | -44.52M | -18.96M | -22.95M | -62.49M |
| Financing CF | 22.45M | -63.16M | -58.07M | 83.17M | 19.61M |
| Free CF | -65.65M | 56.40M | -105.75M | 88.65M | -93.99M |
| OCF coverage | -4.96% | 9.58% | 13.01% | 12.49% | 0.67% |
| Repaid & issued | 406.60M | 392.33M | 299.11M | 494.41M | 526.05M |
| CapEx | -26.13M | -44.57M | -19.13M | -23.04M | -63.35M |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.3CNY | 2021-05-26 | 2021-05-27 | 2021-05-27 |
| Cash Dividend: 
0.6CNY | 2020-05-28 | 2020-05-29 | 2020-05-29 |