---
title: "TAM (603789.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603789.SH/norm.md"
symbol: "603789.SH"
name: "TAM"
parent: "https://longbridge.com/en/quote/603789.SH.md"
datetime: "2026-05-20T20:24:31.259Z"
locales:
  - [en](https://longbridge.com/en/quote/603789.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603789.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603789.SH/norm.md)
---

# TAM (603789.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.1136 | -0.1106 | -0.1031 | -0.0448 | -0.1091 |
| ROE | -101.82% | -86.29% | -52.95% | -24.32% | -49.61% |
| Revenue | 103.12M | 84.99M | 146.36M | 86.60M | 68.45M |
| Net income | -30.73M | -33.40M | -24.66M | -12.57M | -28.37M |
| Operating income | -15.41M | -37.70M | -10.87M | -56.11M | -20.85M |
| Gross margin | 17.82% | -24.57% | 26.11% | -13.16% | -8.41% |
| Net margin | -29.80% | -39.30% | -16.85% | -14.51% | -41.44% |
| Profit quality | - | - | - | -815.17% | - |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 1.08B | 1.12B | 1.24B | 1.07B | 1.18B |
| Leverage | 5.45 | 4.90 | 4.87 | 3.72 | 4.69 |
| BVPS | 0.3868 | 0.4531 | 0.7226 | 0.7113 | 0.8218 |
| Turnover | 0.3909 | 0.3260 | 0.3108 | 0.2840 | 0.2458 |
| Cash & STI | 63.03M | 92.78M | 109.24M | 113.83M | 60.89M |
| Inv & Rec | 158.25M | 211.00M | 212.69M | 193.91M | 216.90M |
| LT assets | 337.12M | 312.68M | 258.38M | 218.72M | 397.75M |
| Net debt | 185.16M | 311.36M | 221.19M | 172.12M | 175.81M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -34.28M | -23.73M | -30.53M | 6.88M | -44.94M |
| Investing CF | -403426.00 | 48.47M | -100.64M | 12.65M | -1.46M |
| Financing CF | 12.21M | 7.46M | 72.28M | 38.41M | 55.86M |
| Free CF | 158.14M | -42.66M | 8.71M | -250.69M | 82.28M |
| OCF coverage | -99.24% | -22.43% | 26.74% | 4.01% | -71.97% |
| Repaid & issued | 23.00M | 163.28M | -155.68M | 262.43M | 63.99M |
| CapEx | -403426.00 | -19.51M | -4.20M | -1.99M | -1.46M |