---
title: "NAR (002825.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002825.SZ/norm.md"
symbol: "002825.SZ"
name: "NAR"
parent: "https://longbridge.com/en/quote/002825.SZ.md"
datetime: "2026-05-21T11:48:48.681Z"
locales:
  - [en](https://longbridge.com/en/quote/002825.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002825.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002825.SZ/norm.md)
---

# NAR (002825.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0500 | -0.0099 | 0.0828 | 0.1388 | 0.2000 |
| ROE | 4.26% | -0.78% | 7.30% | 11.58% | 17.75% |
| Revenue | 570.97M | 513.06M | 495.73M | 469.42M | 502.76M |
| Net income | 17.33M | -3.11M | 29.32M | 45.95M | 68.78M |
| Operating income | 22.55M | -11.68M | 24.47M | 33.10M | 24.89M |
| Gross margin | 17.14% | 15.19% | 20.79% | 19.75% | 18.83% |
| Net margin | 3.04% | -0.61% | 5.91% | 9.79% | 13.68% |
| Profit quality | 58.21% | -64.43% | 83.75% | 105.22% | 101.92% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 2.97B | 2.79B | 2.78B | 2.71B | 2.68B |
| Leverage | 1.69 | 1.66 | 1.70 | 1.68 | 1.68 |
| BVPS | 4.79 | 4.70 | 4.57 | 4.72 | 4.60 |
| Turnover | 0.7252 | 0.7409 | 0.7192 | 0.7475 | 0.7901 |
| Cash & STI | 639.37M | 689.37M | 770.51M | 798.26M | 769.35M |
| Inv & Rec | 310.07M | 271.44M | 227.39M | 220.13M | 214.30M |
| LT assets | 692.43M | 715.15M | 649.82M | 718.83M | 619.01M |
| Net debt | -275.58M | -363.24M | -389.67M | -393.41M | -489.10M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 38.74M | 18.12M | 29.22M | 31.46M | 24.42M |
| Investing CF | -114.44M | -1.62M | 8.18M | -74.95M | -33.03M |
| Financing CF | 41.69M | -75.47M | -7.86M | 31.25M | 76.45M |
| Free CF | -116.45M | 32.97M | -106.83M | 5.34M | 431096.00 |
| OCF coverage | 19.47% | 7.51% | 16.93% | 10.90% | 21.89% |
| Repaid & issued | 190.09M | 90.27M | 130.24M | 226.41M | 150.87M |
| CapEx | -37.39M | -66.33M | -34.14M | -64.16M | -36.15M |

## Distribution Plan

**Dividend Yield**: 1.09

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.118686CNY | 2025-06-11 | 2025-06-12 | 2025-06-12 |
| Cash Dividend: 
0.019799CNY | 2024-09-27 | 2024-09-30 | 2024-09-30 |
| Cash Dividend: 
0.118869CNY | 2024-06-27 | 2024-06-28 | 2024-06-28 |