---
title: "TOPWAY (002238.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002238.SZ/norm.md"
symbol: "002238.SZ"
name: "TOPWAY"
parent: "https://longbridge.com/en/quote/002238.SZ.md"
datetime: "2026-03-07T06:09:49.059Z"
locales:
  - [en](https://longbridge.com/en/quote/002238.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002238.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002238.SZ/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/002238.SZ/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/002238.SZ/norm.md)


# TOPWAY (002238.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0193 | -0.0213 | -0.0125 | -0.0224 | 0.0032 |
| ROE | -2.90% | -3.11% | -1.78% | -3.18% | 0.45% |
| Revenue | 297.36M | 329.73M | 261.68M | 407.82M | 291.48M |
| Net income | -15.44M | -17.09M | -10.06M | -18.10M | 2.55M |
| Operating income | 688246.00 | -46.91M | -16.96M | -39.65M | -3.49M |
| Gross margin | 22.16% | 22.38% | 21.21% | 28.75% | 28.64% |
| Net margin | -5.19% | -5.18% | -3.84% | -4.44% | 0.87% |
| Profit quality | 1.92% | - | - | -42.85% | -1.53% |

## Balance Sheet (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 4.00B | 4.08B | 4.14B | 4.17B | 4.15B |
| Leverage | 1.84 | 1.86 | 1.80 | 1.80 | 1.78 |
| BVPS | 2.65 | 2.66 | 2.81 | 2.82 | 2.85 |
| Turnover | 0.3074 | 0.3006 | 0.3066 | 0.3055 | 0.3608 |
| Cash & STI | 932.38M | 990.67M | 1.04B | 1.09B | 1.13B |
| Inv & Rec | 84.59M | 65.18M | 69.33M | 43.24M | 32.51M |
| LT assets | 1.43B | 1.47B | 1.49B | 1.53B | 1.57B |
| Net debt | -462.43M | -483.93M | -583.16M | -659.91M | -751.68M |

## Cash Flow Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 35.81M | -9.59M | -16.08M | 92.53M | 227.59M |
| Investing CF | 382.16M | 8.18M | -180.87M | -652.70M | -12.61M |
| Financing CF | -78.74M | -34.08M | 19.21M | 34.45M | -161.49M |
| Free CF | -243.94M | 91.16M | -183.92M | 312.91M | -113.01M |
| OCF coverage | 47.78% | -5.02% | -34.88% | 25.35% | 266.16% |
| Repaid & issued | 36.64M | 165.89M | 33.50M | 208.66M | 0.0000 |
| CapEx | -26.95M | -38.02M | -44.26M | -24.71M | -33.36M |

## Distribution Plan

**Dividend Yield**: 0.63

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.05CNY | 2025-07-09 | 2025-07-10 | 2025-07-10 |
| Cash Dividend: 
0.1CNY | 2024-06-19 | 2024-06-20 | 2024-06-20 |
| Cash Dividend: 
0.1CNY | 2023-06-13 | 2023-06-14 | 2023-06-14 |