---
title: "ZMAX (688307.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688307.SH/norm.md"
symbol: "688307.SH"
name: "ZMAX"
parent: "https://longbridge.com/en/quote/688307.SH.md"
datetime: "2026-03-15T11:21:49.452Z"
locales:
  - [en](https://longbridge.com/en/quote/688307.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688307.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688307.SH/norm.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/688307.SH/norm.md) | [繁體中文](https://longbridge.com/zh-HK/quote/688307.SH/norm.md)


# ZMAX (688307.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.2696 | 0.2234 | 0.1104 | 0.1200 | 0.1800 |
| ROE | 10.77% | 8.75% | 4.75% | 4.75% | 7.41% |
| Revenue | 200.45M | 208.12M | 137.52M | 112.21M | 135.68M |
| Net income | 23.84M | 19.06M | 10.27M | 10.30M | 15.78M |
| Operating income | 29.32M | 23.40M | 6.97M | 9.38M | 4.41M |
| Gross margin | 254.58% | 32.53% | 31.11% | 33.43% | 29.83% |
| Net margin | 11.89% | 9.16% | 7.47% | 9.18% | 11.63% |
| Profit quality | - | 98.20% | 22.50% | -98.33% | -382.22% |

## Balance Sheet (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | - | 1.49B | 1.13B | 1.10B | 1.05B |
| Leverage | - | 1.50 | 1.31 | 1.25 | 1.22 |
| BVPS | 9.97 | 9.97 | 9.74 | 9.93 | 9.78 |
| Turnover | - | 0.4705 | 0.4780 | - | 0.4394 |
| Cash & STI | 411.70M | 411.70M | 404.89M | 459.52M | 477.56M |
| Inv & Rec | - | 170.41M | 121.21M | 114.85M | 99.32M |
| LT assets | - | 467.27M | 328.96M | 303.63M | 275.34M |
| Net debt | -233.72M | -233.72M | -388.79M | -453.70M | -470.57M |

## Cash Flow Statement (CNY)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | - | 23.82M | 30.97M | -9.54M | -1.15M |
| Investing CF | - | -198.16M | -28.45M | -10.52M | 278.53M |
| Financing CF | - | 152.46M | -20.38M | -897858.00 | 675144.00 |
| Free CF | - | -178.47M | 11.84M | -4.78M | -3.80M |
| OCF coverage | - | 30.72% | 48.97% | -82.96% | -5.77% |
| Repaid & issued | - | 146.84M | 9.90M | - | 897261.00 |
| CapEx | - | -76.95M | -32.64M | -10.96M | -19.56M |

## Distribution Plan

**Dividend Yield**: 0.81

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.1CNY | 2025-10-22 | 2025-10-23 | 2025-10-23 |
| Cash Dividend: 
0.35CNY | 2025-04-30 | 2025-05-06 | 2025-05-06 |
| Cash Dividend: 
0.1CNY | 2024-09-09 | 2024-09-10 | 2024-09-10 |