---
title: "TWH (002512.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002512.SZ/norm.md"
symbol: "002512.SZ"
name: "TWH"
parent: "https://longbridge.com/en/quote/002512.SZ.md"
datetime: "2026-03-10T19:43:10.749Z"
locales:
  - [en](https://longbridge.com/en/quote/002512.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002512.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002512.SZ/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/002512.SZ/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/002512.SZ/norm.md)


# TWH (002512.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0456 | -0.0127 | -0.0353 | 0.0196 | 0.0023 |
| ROE | -48.35% | -12.32% | -35.14% | 19.19% | 2.16% |
| Revenue | 569.34M | 448.74M | 312.25M | 475.91M | 568.16M |
| Net income | -49.95M | -13.93M | -38.66M | 21.09M | 2.51M |
| Operating income | -29.98M | 6.25M | -20.85M | -38.55M | -19.66M |
| Gross margin | 10.35% | 12.61% | 9.75% | 11.02% | 8.55% |
| Net margin | -8.77% | -3.10% | -12.38% | 4.43% | 0.44% |
| Profit quality | -99.32% | 34.62% | - | -39.13% | - |

## Balance Sheet (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 2.43B | 2.44B | 2.60B | 2.64B | 2.68B |
| Leverage | 5.73 | 5.12 | 5.22 | 6.00 | 5.44 |
| BVPS | 0.3545 | 0.4001 | 0.4257 | 0.3777 | 0.4250 |
| Turnover | 0.7067 | 0.5410 | 0.5281 | 0.5429 | 0.5185 |
| Cash & STI | 105.97M | 106.76M | 100.07M | 106.50M | 60.43M |
| Inv & Rec | 257.90M | 251.97M | 215.31M | 181.40M | 248.34M |
| LT assets | 235.04M | 242.87M | 448.07M | 435.84M | 8.08M |
| Net debt | 220.80M | 260.16M | 291.93M | 241.68M | 280.94M |

## Cash Flow Statement (CNY)

| Indicator | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 30.18M | 18.04M | -56.87M | 98.52M | -8.41M |
| Investing CF | 2.34M | 7.01M | -2.21M | 127.43M | -53.19M |
| Financing CF | -32.81M | -18.06M | 52.52M | -167.65M | 40.37M |
| Free CF | 306638.00 | 38.70M | -132.95M | 123.29M | 524.73M |
| OCF coverage | -100.46% | 18.26% | -262.42% | 26.52% | 3.27% |
| Repaid & issued | 7.80M | 31.80M | 24.80M | 457.00M | -457.00M |
| CapEx | -1.53M | -5.81M | -3.54M | -7.60M | -39.48M |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.045CNY | 2018-07-06 | 2018-07-09 | 2018-07-09 |