---
title: "Kaiwen Education (002659.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002659.SZ/norm.md"
symbol: "002659.SZ"
name: "Kaiwen Education"
parent: "https://longbridge.com/en/quote/002659.SZ.md"
datetime: "2026-05-20T22:22:44.409Z"
locales:
  - [en](https://longbridge.com/en/quote/002659.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002659.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002659.SZ/norm.md)
---

# Kaiwen Education (002659.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0003 | -0.0215 | 0.0011 | 0.0004 | 0.0008 |
| ROE | 0.04% | -3.34% | 0.04% | 0.05% | 0.09% |
| Revenue | 96.60M | 96.84M | 78.59M | 80.55M | 90.67M |
| Net income | 192923.00 | -18.00M | 221544.00 | 266669.00 | 468365.00 |
| Operating income | 7.56M | 4.29M | 8.96M | 8.53M | 11.67M |
| Gross margin | 26.28% | 20.48% | 28.84% | 25.88% | 32.40% |
| Net margin | 0.20% | -18.58% | 0.28% | 0.33% | 0.52% |
| Profit quality | -37.49% | 16.67% | 12.09% | 17.36% | -45.78% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 2.92B | 2.97B | 3.01B | 3.03B | 3.03B |
| Leverage | 1.35 | 1.38 | 1.39 | 1.40 | 1.40 |
| BVPS | 3.59 | 3.59 | 3.62 | 3.62 | 3.62 |
| Turnover | 0.1185 | 0.1139 | 0.1155 | 0.1125 | 0.1104 |
| Cash & STI | 154.20M | 231.31M | 224.65M | 232.85M | 195.71M |
| Inv & Rec | 190097.00 | 244461.00 | 258933.00 | 160170.00 | 273810.00 |
| LT assets | 219.27M | 226.59M | 252.46M | 259.91M | 257.13M |
| Net debt | 497.00M | 469.67M | 492.09M | 533.70M | 561.97M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -20.17M | 25.71M | 74.12M | 49.13M | -25.48M |
| Investing CF | -680398.00 | -10.60M | -25.52M | -3.85M | -2.26M |
| Financing CF | -56.09M | -8.26M | -56.72M | -8.11M | -72.86M |
| Free CF | -47.75M | 96.60M | -27.47M | 74.02M | -63.91M |
| OCF coverage | -36.03% | 62.43% | 111.36% | 242.79% | -40.37% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -857096.00 | -10.70M | -25.78M | -4.21M | -2.78M |