---
title: "West Construction (002302.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002302.SZ/norm.md"
symbol: "002302.SZ"
name: "West Construction"
parent: "https://longbridge.com/en/quote/002302.SZ.md"
datetime: "2026-03-04T17:56:44.671Z"
locales:
  - [en](https://longbridge.com/en/quote/002302.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002302.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002302.SZ/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/002302.SZ/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/002302.SZ/norm.md)


# West Construction (002302.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0761 | 0.1701 | -0.2010 | -0.2156 | 0.0032 |
| ROE | -4.43% | 6.83% | -10.85% | -11.31% | 0.17% |
| Revenue | 4.86B | 5.28B | 3.74B | 5.33B | 5.12B |
| Net income | -101.56M | 157.44M | -253.72M | -272.21M | 4.06M |
| Operating income | -59.09M | 234.00M | -254.77M | -179.81M | 51.55M |
| Gross margin | 6.86% | 10.34% | 0.86% | 5.18% | 9.61% |
| Net margin | -2.09% | 2.98% | -6.79% | -5.11% | 0.08% |
| Profit quality | - | 60.63% | - | -12.06% | -39.39% |

## Balance Sheet (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 34.41B | 33.83B | 33.25B | 33.50B | 36.03B |
| Leverage | 3.33 | 3.23 | 3.18 | 3.13 | 3.27 |
| BVPS | 6.75 | 6.83 | 6.84 | 7.04 | 7.27 |
| Turnover | 0.5455 | 0.5547 | 0.5912 | 0.5993 | 0.5997 |
| Cash & STI | 1.91B | 2.31B | 2.16B | 3.49B | 2.04B |
| Inv & Rec | 385.03M | 440.42M | 451.78M | 387.41M | 360.74M |
| LT assets | 3.31B | 3.47B | 3.63B | 3.68B | 3.56B |
| Net debt | 1.35B | 1.16B | 1.43B | -74.17M | 1.27B |

## Cash Flow Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -124.95M | 385.96M | -1.30B | 1.49B | -130.85M |
| Investing CF | -38.39M | 17.41M | -39.45M | -71.18M | -53.98M |
| Financing CF | -191.99M | -227.51M | 62.19M | -46.23M | -412.55M |
| Free CF | -652.91M | 602.91M | -1.49B | 2.25B | -907.17M |
| OCF coverage | -28.31% | 81.02% | -2681.80% | 283.18% | -13.34% |
| Repaid & issued | 420.78M | 138.25M | 173.46M | 101.39M | 762.30M |
| CapEx | -40.12M | -20.31M | -39.61M | -98.37M | -50.48M |

## Distribution Plan

**Dividend Yield**: 1.98

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.125CNY | 2025-06-25 | 2025-06-26 | 2025-06-26 |
| Cash Dividend: 
0.115CNY | 2024-07-09 | 2024-07-10 | 2024-07-10 |
| Cash Dividend: 
0.095CNY | 2023-05-25 | 2023-05-26 | 2023-05-26 |