---
title: "Avary Holding (002938.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002938.SZ/norm.md"
symbol: "002938.SZ"
name: "Avary Holding"
parent: "https://longbridge.com/en/quote/002938.SZ.md"
datetime: "2026-05-20T20:23:22.116Z"
locales:
  - [en](https://longbridge.com/en/quote/002938.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002938.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002938.SZ/norm.md)
---

# Avary Holding (002938.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.2000 | 0.5681 | 0.5125 | 0.3199 | 0.2100 |
| ROE | 5.38% | 15.93% | 14.70% | 9.32% | 6.03% |
| Revenue | 7.99B | 12.29B | 10.48B | 8.29B | 8.09B |
| Net income | 462.74M | 1.33B | 1.17B | 744.87M | 488.16M |
| Operating income | 620.53M | 1.44B | 1.31B | 663.55M | 535.67M |
| Gross margin | 22.95% | 22.20% | 24.40% | 18.61% | 17.83% |
| Net margin | 5.79% | 10.82% | 11.21% | 8.99% | 6.04% |
| Profit quality | 20.04% | 47.43% | -7110.24% | 37.44% | 21.39% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 50.60B | 48.85B | 47.93B | 44.43B | 44.38B |
| Leverage | 1.44 | 1.41 | 1.46 | 1.41 | 1.35 |
| BVPS | 14.98 | 14.58 | 14.25 | 13.41 | 14.07 |
| Turnover | 0.8222 | 0.8383 | 0.8386 | 0.9099 | 0.8645 |
| Cash & STI | 13.73B | 12.03B | 11.73B | 13.07B | 14.85B |
| Inv & Rec | 4.41B | 3.81B | 4.70B | 3.49B | 3.19B |
| LT assets | 22.21B | 20.51B | 19.76B | 19.30B | 17.49B |
| Net debt | -7.35B | -7.66B | -6.57B | -8.71B | -11.06B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 3.10B | 3.03B | -18.38M | 1.77B | 2.50B |
| Investing CF | -2.83B | -2.13B | -1.99B | -1.67B | -1.36B |
| Financing CF | 1.64B | -534.07M | 641.97M | -1.82B | 268.95M |
| Free CF | -1.34B | 3.08B | -5.50B | 1.12B | 363.57M |
| OCF coverage | 32.49% | 37.45% | -0.24% | 19.83% | 37.28% |
| Repaid & issued | 8.36B | 5.69B | 6.41B | 5.34B | 5.76B |
| CapEx | -2.82B | -1.65B | -1.96B | -1.78B | -1.23B |

## Distribution Plan

**Dividend Yield**: 1.11

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
1CNY | 2025-06-17 | 2025-06-18 | 2025-06-18 |
| Cash Dividend: 
0.497957CNY | 2024-06-12 | 2024-06-13 | 2024-06-13 |
| Cash Dividend: 
0.7CNY | 2023-06-12 | 2023-06-13 | 2023-06-13 |