---
title: "Shangshui Smart (301513.SZ) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/301513.SZ/norm.md"
symbol: "301513.SZ"
name: "Shangshui Smart"
parent: "https://longbridge.com/en/quote/301513.SZ.md"
datetime: "2026-05-05T09:17:45.581Z"
locales:
  - [en](https://longbridge.com/en/quote/301513.SZ/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/301513.SZ/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/301513.SZ/norm.md)
---

# Shangshui Smart (301513.SZ) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.3900 | 0.4417 | 0.4417 | 0.6300 | 0.6300 |
| ROE | 15.73% | 18.21% | 19.11% | 28.16% | - |
| Revenue | 327.50M | 206.00M | 206.00M | 198.85M | 198.85M |
| Net income | 29.43M | 33.45M | 33.45M | 46.85M | 46.85M |
| Operating income | 58.40M | 59.19M | 59.19M | 55.69M | 55.69M |
| Gross margin | 28.60% | 41.31% | 41.31% | 45.84% | 45.84% |
| Net margin | 8.99% | 16.24% | 16.24% | 23.56% | 23.56% |
| Profit quality | 19.84% | 3209.24% | 3209.24% | 167.19% | 167.19% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 2.59B | 2.37B | 2.37B | 2.05B | 2.05B |
| Leverage | 3.40 | 3.23 | 3.23 | 3.08 | 3.08 |
| BVPS | 10.09 | 9.70 | 9.70 | 8.88 | 8.88 |
| Turnover | - | 0.3881 | - | - | - |
| Cash & STI | 461.79M | 188.46M | 188.46M | 206.86M | 206.86M |
| Inv & Rec | 1.10B | 1.14B | 1.14B | 1.04B | 1.04B |
| LT assets | 411.30M | 417.10M | 417.10M | 342.58M | 342.58M |
| Net debt | -180.86M | 66.98M | 66.98M | -224512.00 | -224512.00 |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 294.31M | 1.84M | 1.84M | 33.31M | 33.31M |
| Investing CF | -268.96M | -16.41M | -16.41M | -55.85M | -55.85M |
| Financing CF | 11.23M | 7.93M | 7.93M | 23.62M | 23.62M |
| Free CF | 205.19M | 4.48M | -50.94M | -10.20M | - |
| OCF coverage | 578.72% | 6.61% | 6.61% | 63.89% | 63.89% |
| Repaid & issued | 30.00M | 18.70M | 18.70M | 33.64M | 33.64M |
| CapEx | -49.30M | -26.52M | -26.52M | -51.01M | -51.01M |