---
title: "HWATSING (688120.SH) — 財務報表"
type: "Symbol"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/quote/688120.SH/norm.md"
symbol: "688120.SH"
name: "HWATSING"
parent: "https://longbridge.com/zh-HK/quote/688120.SH.md"
datetime: "2026-03-12T10:47:06.166Z"
locales:
  - [en](https://longbridge.com/en/quote/688120.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688120.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688120.SH/norm.md)
---

> 支持的語言: [English](https://longbridge.com/en/quote/688120.SH/norm.md) | [简体中文](https://longbridge.com/zh-CN/quote/688120.SH/norm.md)


# HWATSING (688120.SH) — 財務報表

## 損益表 (CNY)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.8295 | 0.8106 | 0.7716 | 0.6577 | 0.8515 |
| ROE | 16.33% | 16.12% | 15.86% | 14.15% | 19.16% |
| Revenue | 1.45B | 1.24B | 1.04B | 912.50M | 954.68M |
| Net income | 294.10M | 286.00M | 272.01M | 233.42M | 302.71M |
| Operating income | 369.15M | 329.69M | 255.90M | 243.04M | 131.24M |
| Gross margin | 222.78% | 41.27% | 45.46% | 46.37% | 34.04% |
| Net margin | 20.22% | 22.99% | 26.23% | 25.58% | 31.71% |
| Profit quality | - | 1116.89% | 66.98% | 1881.60% | 47.14% |

## 資產負債表 (CNY)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | - | 12.51B | 12.25B | 11.67B | 11.75B |
| Leverage | - | 1.74 | 1.75 | 1.73 | 1.81 |
| BVPS | 20.50 | 20.50 | 19.83 | 19.15 | 18.39 |
| Turnover | - | 0.3538 | 0.3423 | 0.3403 | 0.3265 |
| Cash & STI | 4.15B | 4.15B | 4.34B | 4.07B | 4.61B |
| Inv & Rec | - | 3.90B | 3.70B | 3.49B | 3.27B |
| LT assets | - | 1.50B | 1.49B | 1.40B | 1.34B |
| Net debt | -3.73B | -3.73B | -3.90B | -3.57B | -4.10B |

## 現金流量表 (CNY)

| 指標 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | - | 29.52M | 382.06M | 12.92M | 278.39M |
| Investing CF | - | -385.96M | -191.53M | -335.29M | -32.75M |
| Financing CF | - | -105.79M | -105.87M | -6.64M | -57.61M |
| Free CF | - | -260.30M | 344.32M | -595.09M | 742.95M |
| OCF coverage | - | 15.36% | 320.25% | 14.85% | 256.80% |
| Repaid & issued | - | - | - | - | - |
| CapEx | - | -45.93M | -54.29M | -81.33M | -69.82M |

## 分紅方案

**股息率**: 0.21

### 分紅歷史

| 描述 | 登記日 | 除息日 | 付息日 |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.54881CNY. 
Share conversation: 0.488 for 1 | 2025-07-02 | 2025-07-03 | 2025-07-03 |
| Cash Dividend: 
0.54939CNY. 
Share conversation: 0.489 for 1 | 2024-07-01 | 2024-07-02 | 2024-07-02 |
| Cash Dividend: 
0.5CNY. 
Share conversation: 0.49 for 1 | 2023-06-26 | 2023-06-27 | 2023-06-27 |