---
title: "Grandwall (603897.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603897.SH/norm.md"
symbol: "603897.SH"
name: "Grandwall"
parent: "https://longbridge.com/en/quote/603897.SH.md"
datetime: "2026-05-20T07:08:15.502Z"
locales:
  - [en](https://longbridge.com/en/quote/603897.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603897.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603897.SH/norm.md)
---

# Grandwall (603897.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.2200 | 0.4910 | 0.3694 | 0.3991 | 0.2700 |
| ROE | 7.08% | 16.39% | 12.95% | 13.17% | 8.49% |
| Revenue | 3.58B | 3.14B | 3.16B | 3.19B | 3.09B |
| Net income | 44.61M | 100.54M | 77.64M | 82.36M | 54.93M |
| Operating income | 122.77M | 133.39M | 113.06M | 106.59M | 90.82M |
| Gross margin | 4.63% | 6.21% | 4.62% | 4.14% | 3.83% |
| Net margin | 1.24% | 3.20% | 2.46% | 2.58% | 1.78% |
| Profit quality | 78.49% | -49.55% | 47.49% | 25.21% | 28.27% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 7.07B | 6.77B | 6.86B | 6.62B | 6.61B |
| Leverage | 2.79 | 2.70 | 2.85 | 2.77 | 2.53 |
| BVPS | 12.28 | 12.12 | 11.65 | 11.58 | 12.66 |
| Turnover | 1.91 | 1.90 | 1.93 | 1.98 | 2.00 |
| Cash & STI | 1.69B | 1.50B | 1.66B | 1.60B | 1.55B |
| Inv & Rec | 1.02B | 985.86M | 848.16M | 805.45M | 730.57M |
| LT assets | 792.91M | 815.67M | 833.67M | 846.04M | 813.10M |
| Net debt | -834.60M | -651.60M | -809.10M | -682.98M | -645.74M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 156.42M | -269.21M | 238.08M | 422.73M | 321.32M |
| Investing CF | -12.18M | 1.20M | -7.57M | -30.33M | -51.32M |
| Financing CF | 3.29M | -3.74M | -141.20M | -295.24M | -97.57M |
| Free CF | 198.14M | -82.61M | 108.29M | 346.55M | 289.94M |
| OCF coverage | 44.95% | -140.16% | 50.88% | 73.10% | 70.80% |
| Repaid & issued | 338.29M | 197.66M | 317.00M | 253.41M | 299.43M |
| CapEx | -12.98M | 9.32M | -9.72M | -29.62M | -56.82M |

## Distribution Plan

**Dividend Yield**: 3.26

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.3CNY | 2025-09-29 | 2025-09-30 | 2025-09-30 |
| Cash Dividend: 
1.5CNY | 2025-05-22 | 2025-05-23 | 2025-05-23 |
| Cash Dividend: 
0.7CNY | 2024-09-19 | 2024-09-20 | 2024-09-20 |