Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Bear Electric Appliance Co Ltd
Physical assets are 33.7% of total assets, a mixed footprint. Capex is 0.95x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 39.5%, above an 8% cost-of-capital hurdle. That coverage ratio uses interest only, because short-term debt was not on the balance sheet.
Fixed-asset turnover is 4.24x. Compare it with other names in the same basket.
Physical asset ratio
33.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 1.24BpropertyPlantAndEquipmentNetInventoryCNY 733.30MinventoryTotal assetsCNY 5.84BtotalAssetsResult 33.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.24xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueCNY 5.24BtotalRevenueNet PP&ECNY 1.24BpropertyPlantAndEquipmentNetResult 4.24x
Revenue per dollar of the physical asset base.
Capex / D&A
0.95xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexCNY 132.92McapitalExpendituresD&ACNY 139.45MdepreciationAndAmortizationResult 0.95x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
CNY 54.05Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 5.84BtotalAssetsGoodwillCNY 41.48MgoodWillIntangiblesCNY 329.87MintangibleAssetsLiabilities-CNY 3.03BtotalLiabTangible bookCNY 8.49BShares157,106,000commonStockSharesOutstandingResult CNY 54.05
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.62xPrice / tangible bookPrice / tangible book per sharePriceCNY 33.64Latest quoteTangible book / shareCNY 54.052025-12-31Result 0.62x
Price CNY 33.64.
Fixed-charge coverage
16.13xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDACNY 645.48MebitdaCapexCNY 132.92McapitalExpendituresInterestCNY 31.78MinterestExpenseEBITDA − capexCNY 512.56MShort-term debt was not reported, so the denominator is interest only.Result 16.13x
EBITDA minus capex, divided by interest only.
FCF yield
5.0%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowCNY 283.46MfreeCashFlowMarket capCNY 5.72BMarketCapitalizationResult 5.0%
Latest free cash flow divided by current market cap (CNY 5.72B).
ROIC
39.5%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 506.03MoperatingIncomeTax expenseCNY 114.21MincomeTaxExpensePretax incomeCNY 514.72MincomeBeforeTaxTax rate22.2%EquityCNY 3.03BtotalStockholderEquityDebtCNY 510.03MlongTermDebtCashCNY 2.54BcashAndShortTermInvestmentsInvested capitalCNY 995.95MResult 39.5%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.41x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 43.1%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 143.55MpropertyPlantEquipmentInventoryCNY 313.32MinventoryTotal assetsCNY 1.06BtotalAssetsResult 43.1% | 14.22xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueCNY 2.04BtotalRevenueNet PP&ECNY 143.55MpropertyPlantEquipmentResult 14.22x | 2.11xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexCNY 70.17McapitalExpendituresD&ACNY 33.31MdepreciationAndAmortizationResult 2.11x | CNY 2.22Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 1.06BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 200.14MintangibleAssetsLiabilitiesCNY 599.38MtotalLiabTangible bookCNY 259.57MShares117,002,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 2.22 | 74.45xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 266.40MebitdaCapexCNY 70.17McapitalExpendituresInterestCNY 2.64MinterestExpenseShort-term debtCNY 0.00shortLongTermDebtTotal − longTermDebtEBITDA − capexCNY 196.24MShort-term debt is total debt minus long-term debt.Result 74.45x | CNY 239.54MFree cash flow · 2018-12-31Reported free cash flowOperating cash flowCNY 309.71MtotalCashFromOperatingActivitiesCapexCNY 70.17McapitalExpendituresFree cash flowCNY 239.54MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 239.54M | 87.8%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 238.91MoperatingIncomeTax expenseCNY 53.22MincomeTaxExpensePretax incomeCNY 238.72MincomeBeforeTaxTax rate22.3%EquityCNY 459.71MtotalStockholderEquityDebtCNY 11.12MshortLongTermDebtTotalCashCNY 259.31McashInvested capitalCNY 211.52MResult 87.8% | 1.66xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeCNY 238.91MoperatingIncomeNet PP&ECNY 143.55MpropertyPlantEquipmentResult 1.66x |
| 2019 | 29.7%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 320.18MpropertyPlantEquipmentInventoryCNY 431.99MinventoryTotal assetsCNY 2.53BtotalAssetsResult 29.7% | 8.40xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueCNY 2.69BtotalRevenueNet PP&ECNY 320.18MpropertyPlantEquipmentResult 8.40x | 4.71xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexCNY 224.43McapitalExpendituresD&ACNY 47.66MdepreciationAndAmortizationResult 4.71x | CNY 9.38Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 2.53BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 200.87MintangibleAssetsLiabilitiesCNY 867.52MtotalLiabTangible bookCNY 1.46BShares156,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 9.38 | 0.36xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 376.89MebitdaCapexCNY 224.43McapitalExpendituresInterestCNY 718.34KinterestExpenseShort-term debtCNY 418.56MshortTermDebtEBITDA − capexCNY 152.46MPrincipal due is short-term debt.Result 0.36x | CNY 181.97MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowCNY 406.40MtotalCashFromOperatingActivitiesCapexCNY 224.43McapitalExpendituresFree cash flowCNY 181.97MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 181.97M | 37.7%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 331.79MoperatingIncomeTax expenseCNY 63.88MincomeTaxExpensePretax incomeCNY 332.07MincomeBeforeTaxTax rate19.2%EquityCNY 1.66BtotalStockholderEquityDebtCNY 418.56MshortLongTermDebtTotalCashCNY 1.37BcashAndShortTermInvestmentsInvested capitalCNY 711.15MResult 37.7% | 1.04xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeCNY 331.79MoperatingIncomeNet PP&ECNY 320.18MpropertyPlantEquipmentResult 1.04x |
| 2020 | 28.0%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 503.13MpropertyPlantAndEquipmentNetInventoryCNY 531.78MinventoryTotal assetsCNY 3.69BtotalAssetsResult 28.0% | 7.27xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueCNY 3.66BtotalRevenueNet PP&ECNY 503.13MpropertyPlantAndEquipmentNetResult 7.27x | 4.31xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexCNY 306.59McapitalExpendituresD&ACNY 71.10MdepreciationAndAmortizationResult 4.31x | CNY 11.40Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 3.69BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 195.17MintangibleAssetsLiabilitiesCNY 1.72BtotalLiabTangible bookCNY 1.78BShares156,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 11.40 | 0.21xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 536.77MebitdaCapexCNY 306.59McapitalExpendituresInterestCNY 2.54MinterestExpenseShort-term debtCNY 1.10BshortTermDebtEBITDA − capexCNY 230.18MPrincipal due is short-term debt.Result 0.21x | CNY 900.92MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowCNY 1.21BtotalCashFromOperatingActivitiesCapexCNY 306.59McapitalExpendituresFree cash flowCNY 900.92MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 900.92M | 47.6%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 520.13MoperatingIncomeTax expenseCNY 90.26MincomeTaxExpensePretax incomeCNY 518.39MincomeBeforeTaxTax rate17.4%EquityCNY 1.97BtotalStockholderEquityDebtCNY 1.11BshortLongTermDebtTotalCashCNY 2.18BcashAndShortTermInvestmentsInvested capitalCNY 902.64MResult 47.6% | 1.03xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeCNY 520.13MoperatingIncomeNet PP&ECNY 503.13MpropertyPlantAndEquipmentNetResult 1.03x |
| 2021 | 35.1%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 652.26MpropertyPlantAndEquipmentNetInventoryCNY 616.25MinventoryTotal assetsCNY 3.62BtotalAssetsResult 35.1% | 5.53xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueCNY 3.61BtotalRevenueNet PP&ECNY 652.26MpropertyPlantAndEquipmentNetResult 5.53x | 4.02xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexCNY 425.99McapitalExpendituresD&ACNY 106.07MdepreciationAndAmortizationResult 4.02x | CNY 11.44Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 3.62BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 283.65MintangibleAssetsLiabilitiesCNY 1.55BtotalLiabTangible bookCNY 1.79BShares156,000,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 11.44 | -17.25xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 387.47MebitdaCapexCNY 425.99McapitalExpendituresInterestCNY 1.96MinterestExpenseShort-term debtCNY 275.60KshortTermDebtEBITDA − capex-CNY 38.52MPrincipal due is short-term debt.Result -17.25x | -CNY 254.85MFree cash flow · 2021-12-31Reported free cash flowOperating cash flowCNY 171.14MtotalCashFromOperatingActivitiesCapexCNY 425.99McapitalExpendituresFree cash flow-CNY 254.85MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 254.85M | 91.4%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 333.85MoperatingIncomeTax expenseCNY 46.14MincomeTaxExpensePretax incomeCNY 329.50MincomeBeforeTaxTax rate14.0%EquityCNY 2.07BtotalStockholderEquityDebtCNY 9.98MshortLongTermDebtTotalCashCNY 1.76BcashAndShortTermInvestmentsInvested capitalCNY 314.27MResult 91.4% | 0.51xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeCNY 333.85MoperatingIncomeNet PP&ECNY 652.26MpropertyPlantAndEquipmentNetResult 0.51x |
| 2022 | 30.8%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 848.29MpropertyPlantAndEquipmentNetInventoryCNY 650.85MinventoryTotal assetsCNY 4.87BtotalAssetsResult 30.8% | 4.85xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueCNY 4.12BtotalRevenueNet PP&ECNY 848.29MpropertyPlantAndEquipmentNetResult 4.85x | 2.58xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexCNY 303.02McapitalExpendituresD&ACNY 117.67MdepreciationAndAmortizationResult 2.58x | CNY 13.24Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 4.87BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 299.27MintangibleAssetsLiabilitiesCNY 2.51BtotalLiabTangible bookCNY 2.07BShares156,109,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 13.24 | 1.00xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 544.71MebitdaCapexCNY 303.02McapitalExpendituresInterestCNY 20.53MinterestExpenseShort-term debtCNY 220.00MshortLongTermDebtEBITDA − capexCNY 241.69MPrincipal due is the current portion of debt.Result 1.00x | CNY 310.25MFree cash flow · 2022-12-31Reported free cash flowOperating cash flowCNY 613.27MtotalCashFromOperatingActivitiesCapexCNY 303.02McapitalExpendituresFree cash flowCNY 310.25MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 310.25M | 195.9%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 486.81MoperatingIncomeTax expenseCNY 68.82MincomeTaxExpensePretax incomeCNY 454.85MincomeBeforeTaxTax rate15.1%EquityCNY 2.37BtotalStockholderEquityDebtCNY 690.98MshortLongTermDebtTotalCashCNY 2.85BcashAndShortTermInvestmentsInvested capitalCNY 210.91MResult 195.9% | 0.57xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeCNY 486.81MoperatingIncomeNet PP&ECNY 848.29MpropertyPlantAndEquipmentNetResult 0.57x |
| 2023 | 31.0%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 1.05BpropertyPlantAndEquipmentNetInventoryCNY 619.74MinventoryTotal assetsCNY 5.39BtotalAssetsResult 31.0% | 4.49xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueCNY 4.71BtotalRevenueNet PP&ECNY 1.05BpropertyPlantAndEquipmentNetResult 4.49x | 3.35xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexCNY 424.33McapitalExpendituresD&ACNY 126.61MdepreciationAndAmortizationResult 3.35x | CNY 15.29Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 5.39BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 323.70MintangibleAssetsLiabilitiesCNY 2.65BtotalLiabTangible bookCNY 2.41BShares157,753,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 15.29 | 2.84xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 569.96MebitdaCapexCNY 424.33McapitalExpendituresInterestCNY 34.03MinterestExpenseShort-term debtCNY 17.25MshortLongTermDebtEBITDA − capexCNY 145.63MPrincipal due is the current portion of debt.Result 2.84x | CNY 260.32MFree cash flow · 2023-12-31Reported free cash flowOperating cash flowCNY 684.65MtotalCashFromOperatingActivitiesCapexCNY 424.33McapitalExpendituresFree cash flowCNY 260.32MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 260.32M | 197.7%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 492.36MoperatingIncomeTax expenseCNY 69.38MincomeTaxExpensePretax incomeCNY 514.68MincomeBeforeTaxTax rate13.5%EquityCNY 2.74BtotalStockholderEquityDebtCNY 499.59MshortLongTermDebtTotalCashCNY 3.02BcashAndShortTermInvestmentsInvested capitalCNY 215.42MResult 197.7% | 0.47xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeCNY 492.36MoperatingIncomeNet PP&ECNY 1.05BpropertyPlantAndEquipmentNetResult 0.47x |
| 2024 | 36.5%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 1.32BpropertyPlantAndEquipmentNetInventoryCNY 924.27MinventoryTotal assetsCNY 6.15BtotalAssetsResult 36.5% | 3.60xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueCNY 4.76BtotalRevenueNet PP&ECNY 1.32BpropertyPlantAndEquipmentNetResult 3.60x | 1.74xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexCNY 242.00McapitalExpendituresD&ACNY 139.45MdepreciationAndAmortizationResult 1.74x | CNY 16.17Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 6.15BtotalAssetsGoodwillCNY 41.48MgoodWillIntangiblesCNY 354.14MintangibleAssetsLiabilitiesCNY 3.24BtotalLiabTangible bookCNY 2.52BShares155,569,000commonStockSharesOutstandingResult CNY 16.17 | 1.16xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 460.17MebitdaCapexCNY 242.00McapitalExpendituresInterestCNY 37.57MinterestExpenseShort-term debtCNY 150.00MshortTermDebtEBITDA − capexCNY 218.17MPrincipal due is short-term debt.Result 1.16x | -CNY 12.75MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowCNY 229.24MtotalCashFromOperatingActivitiesCapexCNY 242.00McapitalExpendituresFree cash flow-CNY 12.75MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 12.75M | 44.6%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 350.56MoperatingIncomeTax expenseCNY 51.96MincomeTaxExpensePretax incomeCNY 358.07MincomeBeforeTaxTax rate14.5%EquityCNY 2.82BtotalStockholderEquityDebtCNY 678.63MshortLongTermDebtTotalCashCNY 2.83BcashAndShortTermInvestmentsInvested capitalCNY 672.10MResult 44.6% | 0.27xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeCNY 350.56MoperatingIncomeNet PP&ECNY 1.32BpropertyPlantAndEquipmentNetResult 0.27x |
| 2025 | 33.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 1.24BpropertyPlantAndEquipmentNetInventoryCNY 733.30MinventoryTotal assetsCNY 5.84BtotalAssetsResult 33.7% | 4.24xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueCNY 5.24BtotalRevenueNet PP&ECNY 1.24BpropertyPlantAndEquipmentNetResult 4.24x | 0.95xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexCNY 132.92McapitalExpendituresD&ACNY 139.45MdepreciationAndAmortizationResult 0.95x | CNY 54.05Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 5.84BtotalAssetsGoodwillCNY 41.48MgoodWillIntangiblesCNY 329.87MintangibleAssetsLiabilities-CNY 3.03BtotalLiabTangible bookCNY 8.49BShares157,106,000commonStockSharesOutstandingResult CNY 54.05 | 16.13xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDACNY 645.48MebitdaCapexCNY 132.92McapitalExpendituresInterestCNY 31.78MinterestExpenseEBITDA − capexCNY 512.56MShort-term debt was not reported, so the denominator is interest only.Result 16.13x | CNY 283.46MFree cash flow · 2025-12-31Reported free cash flowOperating cash flowCNY 416.39MtotalCashFromOperatingActivitiesCapexCNY 132.92McapitalExpendituresFree cash flowCNY 283.46MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 283.46M | 39.5%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 506.03MoperatingIncomeTax expenseCNY 114.21MincomeTaxExpensePretax incomeCNY 514.72MincomeBeforeTaxTax rate22.2%EquityCNY 3.03BtotalStockholderEquityDebtCNY 510.03MlongTermDebtCashCNY 2.54BcashAndShortTermInvestmentsInvested capitalCNY 995.95MResult 39.5% | 0.41xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeCNY 506.03MoperatingIncomeNet PP&ECNY 1.24BpropertyPlantAndEquipmentNetResult 0.41x |
- Fixed-charge coverage is EBITDA minus capex, divided by interest. Short-term debt was not reported, so principal due is left out.
Latest year inputs (2025)
Net PP&E: CNY 1.24B
Inventory: CNY 733.30M
Total assets: CNY 5.84B
Goodwill: CNY 41.48M
Intangibles: CNY 329.87M
Liabilities: -CNY 3.03B
Tangible book: CNY 8.49B
Shares: 157,106,000
Revenue: CNY 5.24B
Capex: CNY 132.92M
D&A: CNY 139.45M
EBITDA: CNY 645.48M
Interest: CNY 31.78M
Short-term debt: —
Free cash flow: CNY 283.46M
Operating income: CNY 506.03M
Invested capital: CNY 995.95M
Tax rate: 22.2%