---
title: "SZEW (600548.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600548.SH/norm.md"
symbol: "600548.SH"
name: "SZEW"
parent: "https://longbridge.com/en/quote/600548.SH.md"
datetime: "2026-05-21T05:19:51.865Z"
locales:
  - [en](https://longbridge.com/en/quote/600548.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600548.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600548.SH/norm.md)
---

# SZEW (600548.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.1920 | -0.1054 | 0.1929 | 0.1804 | 0.2030 |
| ROE | 7.47% | -4.72% | 7.52% | 7.14% | 7.81% |
| Revenue | 1.76B | 3.21B | 2.13B | 2.15B | 1.77B |
| Net income | 509.29M | -320.94M | 510.40M | 481.88M | 478.01M |
| Operating income | 588.11M | 290.96M | 571.64M | 657.77M | 561.71M |
| Gross margin | 39.38% | 15.50% | 36.33% | 35.76% | 37.91% |
| Net margin | 28.95% | -9.98% | 23.95% | 22.45% | 26.98% |
| Profit quality | 57.20% | 28.65% | 34.58% | 67.53% | 57.27% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 70.97B | 71.29B | 71.11B | 72.04B | 73.15B |
| Leverage | 2.18 | 2.22 | 2.18 | 2.24 | 2.26 |
| BVPS | 9.25 | 9.07 | 9.21 | 9.03 | 9.09 |
| Turnover | 0.1284 | 0.1334 | 0.1369 | 0.1364 | 0.1278 |
| Cash & STI | 8.02B | 8.17B | 7.34B | 8.01B | 8.31B |
| Inv & Rec | 942.11M | 923.16M | 1.07B | 1.20B | 1.09B |
| LT assets | 6.98B | 7.10B | 7.17B | 7.28B | 7.38B |
| Net debt | 23.92B | 23.91B | 25.20B | 24.93B | 25.55B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 1.03B | 1.02B | 1.65B | 974.10M | 980.88M |
| Investing CF | -247.05M | 755.01M | -969.49M | -3.47B | -1.13B |
| Financing CF | -317.21M | -756.07M | -1.36B | -1.11B | 5.50B |
| Free CF | -1.26B | 4.07B | -3.05B | 941.35M | -2.15B |
| OCF coverage | 37.72% | 32.73% | 36.17% | 11.27% | 18.12% |
| Repaid & issued | 1.90B | 2.15B | 2.52B | 6.90B | 5.02B |
| CapEx | -521.48M | -438.40M | -739.71M | -801.16M | -1.30B |

## Distribution Plan

**Dividend Yield**: 2.75

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.244CNY | 2025-07-14 | 2025-07-15 | 2025-07-15 |
| Cash Dividend: 
0.55CNY | 2024-07-09 | 2024-07-10 | 2024-07-10 |
| Cash Dividend: 
0.462CNY | 2023-05-30 | 2023-05-31 | 2023-05-31 |