---
title: "ZY-Tungsten (002378.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002378.SZ/norm.md"
symbol: "002378.SZ"
name: "ZY-Tungsten"
parent: "https://longbridge.com/en/quote/002378.SZ.md"
datetime: "2026-05-20T01:28:27.341Z"
locales:
  - [en](https://longbridge.com/en/quote/002378.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002378.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002378.SZ/norm.md)
---

# ZY-Tungsten (002378.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.3200 | 0.0786 | 0.0594 | 0.0586 | 0.0400 |
| ROE | 60.33% | 17.54% | 13.63% | 13.38% | 7.91% |
| Revenue | 2.63B | 1.32B | 1.48B | 1.21B | 1.19B |
| Net income | 381.31M | 100.30M | 75.02M | 72.54M | 42.57M |
| Operating income | 554.06M | 203.23M | 145.52M | 76.75M | 76.27M |
| Gross margin | 26.87% | 21.93% | 14.21% | 13.71% | 13.80% |
| Net margin | 14.50% | 7.58% | 5.07% | 5.98% | 3.59% |
| Profit quality | -13618.78% | -66.71% | 55.89% | 36.74% | -1328.10% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 9.17B | 6.71B | 5.49B | 5.26B | 4.90B |
| Leverage | 3.37 | 2.87 | 2.44 | 2.43 | 2.25 |
| BVPS | 2.26 | 1.94 | 1.86 | 1.80 | 1.81 |
| Turnover | 0.9449 | 0.8903 | 0.9002 | 0.8340 | 0.8240 |
| Cash & STI | 1.12B | 1.01B | 609.84M | 398.67M | 352.96M |
| Inv & Rec | 4.23B | 2.69B | 1.69B | 1.53B | 1.26B |
| LT assets | 1.44B | 1.76B | 1.40B | 1.72B | 1.42B |
| Net debt | 1.44B | 1.41B | 1.31B | 1.57B | 1.64B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -4.07M | -304.62M | 260.35M | 208.88M | -5.74M |
| Investing CF | -52.31M | -67.94M | -29.90M | -69.38M | -55.05M |
| Financing CF | 99.29M | 644.27M | -72.26M | -190.15M | -35.88M |
| Free CF | -94.68M | 150.67M | 118.98M | 148.96M | -308.60M |
| OCF coverage | -0.52% | -262.75% | 94.72% | 43.88% | -1.48% |
| Repaid & issued | 835.71M | 703.41M | 156.64M | 198.50M | 300.46M |
| CapEx | -50.17M | -69.60M | -31.66M | -83.72M | -55.39M |

## Distribution Plan

**Dividend Yield**: 0.26

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.072CNY | 2025-06-05 | 2025-06-06 | 2025-06-06 |
| Cash Dividend: 
0.06CNY | 2024-05-27 | 2024-05-28 | 2024-05-28 |
| Cash Dividend: 
0.12CNY. 
Share conversation: 0.3 for 1 | 2023-06-02 | 2023-06-05 | 2023-06-05 |