---
title: "M&S ELECTRONICS (688311.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688311.SH/norm.md"
symbol: "688311.SH"
name: "M&S ELECTRONICS"
parent: "https://longbridge.com/en/quote/688311.SH.md"
datetime: "2026-05-20T02:42:44.629Z"
locales:
  - [en](https://longbridge.com/en/quote/688311.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688311.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688311.SH/norm.md)
---

# M&S ELECTRONICS (688311.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0900 | 0.2137 | -0.0606 | -0.1296 | -0.0900 |
| ROE | -3.54% | 7.64% | -2.61% | -5.51% | -3.71% |
| Revenue | 11.90M | 276.87M | 128.47M | 98.64M | 21.11M |
| Net income | -15.28M | 31.16M | -10.41M | -22.10M | -15.04M |
| Operating income | -27.42M | 14.30M | -12.67M | -34.61M | -16.10M |
| Gross margin | 25.95% | 30.45% | 33.13% | 38.46% | 26.01% |
| Net margin | -128.39% | 11.26% | -8.10% | -22.40% | -71.22% |
| Profit quality | - | 30.26% | - | -19.36% | - |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 2.41B | 2.46B | 2.34B | 2.25B | 2.27B |
| Leverage | 1.32 | 1.43 | 1.43 | 1.37 | 1.37 |
| BVPS | 10.24 | 9.96 | 9.49 | 9.50 | 9.61 |
| Turnover | 0.2203 | 0.2212 | 0.1265 | 0.0745 | 0.0597 |
| Cash & STI | 349.17M | 383.36M | 303.70M | 305.47M | 338.60M |
| Inv & Rec | 309.63M | 282.11M | 409.29M | 358.04M | 320.27M |
| LT assets | 554.05M | 569.81M | 559.10M | 573.96M | 589.72M |
| Net debt | -251.01M | -176.66M | -120.74M | -124.15M | -105.99M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -42.95M | 47.27M | -3.08M | 178.77M | -17.10M |
| Investing CF | -175.43M | 71.01M | 100.23M | -151.97M | -32.07M |
| Financing CF | 2.55M | 22.55M | 1.93M | -58.34M | 32.60M |
| Free CF | -84.65M | 140.79M | -64.00M | 46.98M | -49.36M |
| OCF coverage | -151.59% | 333.12% | 383.53% | 296.63% | -141.06% |
| Repaid & issued | 16.14M | 35.63M | 0.0000 | 1.61M | 33.24M |
| CapEx | -15.58M | -843575.00 | -1.40M | -2.56M | -11.48M |

## Distribution Plan

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.3569CNY | 2022-07-04 | 2022-07-05 | 2022-07-05 |
| Cash Dividend: 
0.35CNY | 2020-09-21 | 2020-09-22 | 2020-09-22 |