---
title: "ZHIYANG INNOVATION (688191.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688191.SH/norm.md"
symbol: "688191.SH"
name: "ZHIYANG INNOVATION"
parent: "https://longbridge.com/en/quote/688191.SH.md"
datetime: "2026-05-20T19:00:11.184Z"
locales:
  - [en](https://longbridge.com/en/quote/688191.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688191.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688191.SH/norm.md)
---

# ZHIYANG INNOVATION (688191.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0500 | 0.0710 | 0.1159 | 0.1347 | -0.0470 |
| ROE | -5.18% | 7.49% | 12.51% | 14.00% | -5.03% |
| Revenue | 149.17M | 428.35M | 290.37M | 325.86M | 136.71M |
| Net income | -11.18M | 16.32M | 26.86M | 30.20M | -11.12M |
| Operating income | -15.13M | -10.24M | 45.22M | 20.80M | -7.67M |
| Gross margin | 32.11% | 21.59% | 31.94% | 32.55% | 28.94% |
| Net margin | -7.49% | 3.81% | 9.25% | 9.27% | -8.13% |
| Profit quality | - | -11.47% | -190.98% | -107.78% | - |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 1.80B | 1.79B | 1.49B | 1.49B | 1.55B |
| Leverage | 2.05 | 2.06 | 1.70 | 1.76 | 1.76 |
| BVPS | 3.84 | 3.75 | 3.77 | 3.65 | 3.83 |
| Turnover | 0.7121 | 0.7129 | 0.7003 | 0.6768 | 0.6927 |
| Cash & STI | 439.26M | 342.99M | 246.25M | 229.84M | 288.58M |
| Inv & Rec | 297.27M | 257.28M | 270.67M | 299.90M | 374.95M |
| LT assets | 183.96M | 184.52M | 124.59M | 106.69M | 97.12M |
| Net debt | -215.01M | -220.80M | -174.03M | -162.67M | -225.62M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -36.79M | 89.27M | -23.68M | -19.30M | -28.77M |
| Investing CF | -258.80M | 148.18M | -56.07M | 33.88M | -32.99M |
| Financing CF | 119.44M | 19.86M | 6.15M | -67.83M | 63.22M |
| Free CF | -119.40M | 116.67M | -53.68M | -25.28M | -22.62M |
| OCF coverage | -171.55% | 195.23% | -165.71% | -22.90% | -31197.89% |
| Repaid & issued | 103.33M | 50.00M | 0.0000 | 0.0000 | 60.00M |
| CapEx | -20.39M | -19.31M | -13.53M | -6.19M | -92217.00 |

## Distribution Plan

**Dividend Yield**: 0.74

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.1CNY | 2025-11-26 | 2025-11-27 | 2025-11-27 |
| Cash Dividend: 
0.5CNY. 
Share conversation: 0.49 for 1 | 2025-06-05 | 2025-06-06 | 2025-06-06 |
| Cash Dividend: 
0.1CNY | 2024-12-05 | 2024-12-06 | 2024-12-06 |