---
title: "WANRUN NEW ENERGY (688275.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688275.SH/norm.md"
symbol: "688275.SH"
name: "WANRUN NEW ENERGY"
parent: "https://longbridge.com/en/quote/688275.SH.md"
datetime: "2026-03-13T22:14:05.109Z"
locales:
  - [en](https://longbridge.com/en/quote/688275.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688275.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688275.SH/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/688275.SH/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/688275.SH/norm.md)


# WANRUN NEW ENERGY (688275.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.7603 | -0.7001 | -0.8981 | -1.26 | -2.25 |
| ROE | -7.18% | -6.54% | -8.16% | -11.25% | -18.92% |
| Revenue | 4.16B | 2.90B | 2.16B | 2.28B | 2.67B |
| Net income | -93.75M | -86.20M | -109.93M | -155.85M | -272.60M |
| Operating income | -303.64M | 12.90M | -159.71M | -99.89M | -310.85M |
| Gross margin | -17.85% | 5.36% | -1.10% | 2.66% | -4.71% |
| Net margin | -2.25% | -2.97% | -5.09% | -6.84% | -10.21% |
| Profit quality | - | 3.39% | -46.54% | - | - |

## Balance Sheet (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | - | 18.20B | 18.14B | 18.81B | 17.68B |
| Leverage | - | 3.52 | 3.44 | 3.47 | 3.16 |
| BVPS | 42.42 | 42.42 | 43.13 | 44.32 | 45.60 |
| Turnover | - | 0.5706 | 0.5071 | 0.4670 | 0.4054 |
| Cash & STI | 3.88B | 3.88B | 4.27B | 4.16B | 3.21B |
| Inv & Rec | - | 1.24B | 1.09B | 1.32B | 943.68M |
| LT assets | - | 8.61B | 8.77B | 8.93B | 9.12B |
| Net debt | 4.38B | 4.38B | 3.61B | 3.78B | 4.22B |

## Cash Flow Statement (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | - | 380.52M | 343.16M | -465.47M | -556.72M |
| Investing CF | - | 44.36M | -176.39M | -254.50M | -263.65M |
| Financing CF | - | -136.78M | -442.66M | 427.11M | 614.38M |
| Free CF | - | -1.35B | 292.33M | 230.55M | 137.45M |
| OCF coverage | - | 43.91% | 16.80% | -36.82% | -19.52% |
| Repaid & issued | - | 93.05M | 2.04B | 985.55M | 2.74B |
| CapEx | - | -232.60M | -127.69M | -138.99M | -194.84M |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
3.52CNY. 
Share conversation: 0.48 for 1 | 2023-05-30 | 2023-05-31 | 2023-05-31 |