---
title: "KIWI INSTRUMENTS (688045.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688045.SH/norm.md"
symbol: "688045.SH"
name: "KIWI INSTRUMENTS"
parent: "https://longbridge.com/en/quote/688045.SH.md"
datetime: "2026-03-12T05:33:15.832Z"
locales:
  - [en](https://longbridge.com/en/quote/688045.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688045.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688045.SH/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/688045.SH/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/688045.SH/norm.md)


# KIWI INSTRUMENTS (688045.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.1992 | 0.0815 | 0.0649 | -0.1900 | 0.0452 |
| ROE | 4.30% | 1.75% | 1.27% | -3.88% | 0.95% |
| Revenue | 222.00M | 178.90M | 159.55M | 123.03M | 211.80M |
| Net income | 14.87M | 6.02M | 4.32M | -13.13M | 3.21M |
| Operating income | 21.75M | 4.90M | -5.90M | -15.95M | -25.69M |
| Gross margin | 246.00% | 31.56% | 28.25% | 29.13% | 22.90% |
| Net margin | 6.70% | 3.37% | 2.71% | -10.67% | 1.51% |
| Profit quality | - | 28.19% | - | -111.62% | -140.65% |

## Balance Sheet (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | - | 1.45B | 1.44B | 1.45B | 1.46B |
| Leverage | - | 1.08 | 1.08 | 1.11 | 1.11 |
| BVPS | 19.83 | 19.83 | 19.69 | 19.61 | 19.65 |
| Turnover | - | 0.4658 | 0.4638 | 0.4699 | 0.4745 |
| Cash & STI | 904.14M | 904.14M | 907.67M | 968.43M | 964.01M |
| Inv & Rec | - | 156.78M | 158.96M | 170.96M | 169.00M |
| LT assets | - | 122.35M | 129.21M | 101.69M | 101.80M |
| Net debt | -884.48M | -884.48M | -881.43M | -941.12M | -937.11M |

## Cash Flow Statement (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | - | 17.37M | -10.14M | 14.29M | 18.27M |
| Investing CF | - | -104.84M | -108.21M | -474.41M | 692.33M |
| Financing CF | - | -1.07M | -1.93M | 10.00M | 8.91M |
| Free CF | - | -19.58M | -43.43M | 17.75M | 52.84M |
| OCF coverage | - | 1133.98% | -27.90% | 832.35% | 47.66% |
| Repaid & issued | - | 14250.00 | - | - | 11.10M |
| CapEx | - | -5.29M | -32.57M | -1.72M | -1.48M |