---
title: "Koal (603232.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603232.SH/norm.md"
symbol: "603232.SH"
name: "Koal"
parent: "https://longbridge.com/en/quote/603232.SH.md"
datetime: "2026-05-21T05:57:58.082Z"
locales:
  - [en](https://longbridge.com/en/quote/603232.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603232.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603232.SH/norm.md)
---

# Koal (603232.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | - | -0.0803 | 0.0314 | -0.0934 | -0.2200 |
| ROE | -8.52% | -5.79% | 2.17% | -6.65% | -14.40% |
| Revenue | 65.93M | 122.12M | 119.74M | 70.02M | 45.67M |
| Net income | -27.99M | -19.35M | 7.28M | -22.49M | -50.20M |
| Operating income | -35.73M | 7.73M | 2.65M | -25.23M | -51.18M |
| Gross margin | 46.72% | 45.32% | 50.93% | 62.35% | 34.84% |
| Net margin | -42.46% | -15.85% | 6.08% | -32.11% | -109.93% |
| Profit quality | - | 11.28% | -94.94% | - | - |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 1.60B | 1.56B | 1.58B | 1.55B | 1.60B |
| Leverage | 1.23 | 1.17 | 1.17 | 1.16 | 1.17 |
| BVPS | - | 5.51 | 5.80 | 5.71 | 6.00 |
| Turnover | 0.2363 | 0.2215 | 0.2709 | 0.2905 | 0.3294 |
| Cash & STI | 454.16M | 494.13M | 270.65M | 522.71M | 338.07M |
| Inv & Rec | 170.29M | 95.77M | 106.43M | 94.85M | 96.85M |
| LT assets | 144.08M | 139.63M | 171.09M | 175.90M | 181.35M |
| Net debt | -412.11M | -448.21M | -223.02M | -472.04M | -285.60M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -59.88M | 68.48M | -2.79M | -23.91M | -67.58M |
| Investing CF | 13.66M | 8.63M | 13.35M | 14.56M | -76.22M |
| Financing CF | -1.45M | -3.62M | -12.95M | -16.39M | -11.46M |
| Free CF | -26.91M | 308.76M | -286.28M | 225.28M | -293.84M |
| OCF coverage | -2981.34% | -388.65% | -19.99% | -107.83% | -532.54% |
| Repaid & issued | 150000.00 | -15.00M | 15.00M | - | - |
| CapEx | -410789.00 | 4.07M | -695915.00 | -5.78M | -1.23M |

## Distribution Plan

**Dividend Yield**: 0.27

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.05CNY | 2025-06-24 | 2025-06-25 | 2025-06-25 |
| Cash Dividend: 
0.06CNY | 2024-06-20 | 2024-06-21 | 2024-06-21 |
| Cash Dividend: 
0.13CNY | 2022-06-15 | 2022-06-16 | 2022-06-16 |