---
title: "XHW (603888.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603888.SH/norm.md"
symbol: "603888.SH"
name: "XHW"
parent: "https://longbridge.com/en/quote/603888.SH.md"
datetime: "2026-05-21T14:41:02.959Z"
locales:
  - [en](https://longbridge.com/en/quote/603888.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603888.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603888.SH/norm.md)
---

# XHW (603888.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0584 | 0.1864 | 0.0732 | 0.1710 | 0.0573 |
| ROE | 4.16% | 13.52% | 5.41% | 12.89% | 4.40% |
| Revenue | 354.77M | 926.51M | 495.19M | 477.55M | 332.98M |
| Net income | 39.37M | 125.78M | 49.38M | 115.40M | 38.66M |
| Operating income | 36.73M | -59.07M | 85.11M | 103.23M | 21.73M |
| Gross margin | 36.12% | 38.50% | 35.47% | 43.96% | 34.65% |
| Net margin | 11.10% | 13.58% | 9.97% | 24.17% | 11.61% |
| Profit quality | -38.34% | -11.83% | 70.64% | 274.44% | -23.48% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 4.85B | 5.15B | 4.93B | 4.90B | 4.85B |
| Leverage | 1.28 | 1.37 | 1.34 | 1.35 | 1.37 |
| BVPS | 5.64 | 5.58 | 5.45 | 5.37 | 5.24 |
| Turnover | 0.4643 | 0.4342 | 0.4524 | 0.4365 | 0.4386 |
| Cash & STI | 2.46B | 2.57B | 2.17B | 2.20B | 2.35B |
| Inv & Rec | 1.98M | 28.48M | 3.50M | 3.51M | 3.51M |
| LT assets | 132.29M | 146.34M | 329.43M | 342.16M | 328.15M |
| Net debt | -2.44B | -2.56B | -2.15B | -2.19B | -2.32B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -95.82M | 499.50M | 120.48M | 37.61M | -92.54M |
| Investing CF | 3.32M | -418.72M | -175.48M | -21.67M | -164.24M |
| Financing CF | -2.86M | -43.30M | -97.60M | -65.58M | -30.23M |
| Free CF | -147.40M | 376.20M | -87.68M | 116.34M | -228.78M |
| OCF coverage | -1115.16% | 412.77% | 201.27% | 108.36% | -2683.06% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -8.59M | -30.83M | -20.02M | -3.96M | -3.45M |

## Distribution Plan

**Dividend Yield**: 0.54

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.136CNY. 
Share conversation: 0.3 for 1 | 2025-07-24 | 2025-07-25 | 2025-07-25 |
| Cash Dividend: 
0.211CNY | 2024-07-25 | 2024-07-26 | 2024-07-26 |
| Cash Dividend: 
0.187CNY | 2023-07-25 | 2023-07-26 | 2023-07-26 |