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.
Tbea Co Ltd
Physical assets are 60.0% of total assets, a heavy footprint. Capex is 3.39x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -1.19x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 0.85x.
Physical asset ratio
60.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 114.93BpropertyPlantAndEquipmentNetInventoryCNY 21.39BinventoryTotal assetsCNY 227.15BtotalAssetsResult 60.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.85xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueCNY 97.32BtotalRevenueNet PP&ECNY 114.93BpropertyPlantAndEquipmentNetResult 0.85x
Revenue per dollar of the physical asset base.
Capex / D&A
3.39xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexCNY 22.08BcapitalExpendituresD&ACNY 6.51BreconciledDepreciationResult 3.39x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
CNY 18.56Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 227.15BtotalAssetsGoodwillCNY 468.23MgoodWillIntangiblesCNY 6.60BintangibleAssetsLiabilitiesCNY 126.30BtotalLiabTangible bookCNY 93.78BShares5,052,792,571commonStockSharesOutstandingResult CNY 18.56
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.01xPrice / tangible bookPrice / tangible book per sharePriceCNY 18.68Latest quoteTangible book / shareCNY 18.562025-12-31Result 1.01x
Price CNY 18.68.
Fixed-charge coverage
-1.19xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 16.03BebitdaCapexCNY 22.08BcapitalExpendituresInterestCNY 1.47BinterestExpenseShort-term debtCNY 3.63BshortLongTermDebtEBITDA − capex-CNY 6.05BPrincipal due is the current portion of debt.Result -1.19x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-13.4%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-CNY 12.75BfreeCashFlowMarket capCNY 94.98BMarketCapitalizationResult -13.4%
Latest free cash flow divided by current market cap (CNY 94.98B).
ROIC
7.0%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 8.58BoperatingIncomeTax expenseCNY 2.05BtaxProvisionPretax incomeCNY 8.05BincomeBeforeTaxTax rate25.5%EquityCNY 74.39BtotalStockholderEquityDebtCNY 42.24BlongTermDebt + shortLongTermDebtCashCNY 25.69BcashInvested capitalCNY 90.95BResult 7.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.07x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 47.1%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 33.30BpropertyPlantEquipmentInventoryCNY 10.30BinventoryTotal assetsCNY 92.59BtotalAssetsResult 47.1% | 1.19xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueCNY 39.66BtotalRevenueNet PP&ECNY 33.30BpropertyPlantEquipmentResult 1.19x | 2.35xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexCNY 4.21BcapitalExpendituresD&ACNY 1.79BdepreciationAndAmortizationResult 2.35x | CNY 6.39Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 92.59BtotalAssetsGoodwillCNY 129.64MgoodWillIntangiblesCNY 4.19BintangibleAssetsLiabilitiesCNY 53.61BtotalLiabTangible bookCNY 34.66BShares5,427,690,114commonStockSharesOutstandingResult CNY 6.39 | 0.09xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 4.88BebitdaCapexCNY 4.21BcapitalExpendituresInterestCNY 993.79MinterestExpenseShort-term debtCNY 6.36BshortLongTermDebtEBITDA − capexCNY 672.87MPrincipal due is the current portion of debt.Result 0.09x | -CNY 1.62BFree cash flow · 2018-12-31Reported free cash flowOperating cash flowCNY 2.58BtotalCashFromOperatingActivitiesCapexCNY 4.21BcapitalExpendituresFree cash flow-CNY 1.62BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 1.62B | 6.9%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 2.77BoperatingIncomeTax expenseCNY 252.95MincomeTaxExpensePretax incomeCNY 2.79BincomeBeforeTaxTax rate9.1%EquityCNY 32.69BtotalStockholderEquityDebtCNY 25.22BshortLongTermDebtTotalCashCNY 21.59BcashAndShortTermInvestmentsInvested capitalCNY 36.32BResult 6.9% | 0.08xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeCNY 2.77BoperatingIncomeNet PP&ECNY 33.30BpropertyPlantEquipmentResult 0.08x |
| 2019 | 45.6%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 37.00BpropertyPlantAndEquipmentNetInventoryCNY 9.63BinventoryTotal assetsCNY 102.22BtotalAssetsResult 45.6% | 1.00xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueCNY 36.98BtotalRevenueNet PP&ECNY 37.00BpropertyPlantAndEquipmentNetResult 1.00x | 4.05xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexCNY 8.14BcapitalExpendituresD&ACNY 2.01BdepreciationAndAmortizationResult 4.05x | CNY 6.89Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 102.22BtotalAssetsGoodwillCNY 129.64MgoodWillIntangiblesCNY 4.37BintangibleAssetsLiabilitiesCNY 59.20BtotalLiabTangible bookCNY 38.53BShares5,588,806,928commonStockSharesOutstandingResult CNY 6.89 | -0.60xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 4.60BebitdaCapexCNY 8.14BcapitalExpendituresInterestCNY 1.18BinterestExpenseShort-term debtCNY 4.72BshortLongTermDebtEBITDA − capex-CNY 3.54BPrincipal due is the current portion of debt.Result -0.60x | -CNY 4.10BFree cash flow · 2019-12-31Reported free cash flowOperating cash flowCNY 4.04BtotalCashFromOperatingActivitiesCapexCNY 8.14BcapitalExpendituresFree cash flow-CNY 4.10BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 4.10B | 5.6%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 2.86BoperatingIncomeTax expenseCNY 420.51MincomeTaxExpensePretax incomeCNY 2.81BincomeBeforeTaxTax rate15.0%EquityCNY 34.88BtotalStockholderEquityDebtCNY 29.06BshortLongTermDebtTotalCashCNY 20.87BcashAndShortTermInvestmentsInvested capitalCNY 43.08BResult 5.6% | 0.08xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeCNY 2.86BoperatingIncomeNet PP&ECNY 37.00BpropertyPlantAndEquipmentNetResult 0.08x |
| 2020 | 45.5%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 43.80BpropertyPlantAndEquipmentNetInventoryCNY 6.02BinventoryTotal assetsCNY 109.49BtotalAssetsResult 45.5% | 1.02xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueCNY 44.60BtotalRevenueNet PP&ECNY 43.80BpropertyPlantAndEquipmentNetResult 1.02x | 2.88xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexCNY 7.36BcapitalExpendituresD&ACNY 2.56BdepreciationAndAmortizationResult 2.88x | CNY 7.59Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 109.49BtotalAssetsGoodwillCNY 129.64MgoodWillIntangiblesCNY 4.86BintangibleAssetsLiabilitiesCNY 62.90BtotalLiabTangible bookCNY 41.60BShares5,484,385,487commonStockSharesOutstandingResult CNY 7.59 | -0.28xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 5.75BebitdaCapexCNY 7.36BcapitalExpendituresInterestCNY 1.37BinterestExpenseShort-term debtCNY 4.30BshortLongTermDebtEBITDA − capex-CNY 1.61BPrincipal due is the current portion of debt.Result -0.28x | -CNY 2.11BFree cash flow · 2020-12-31Reported free cash flowOperating cash flowCNY 5.26BtotalCashFromOperatingActivitiesCapexCNY 7.36BcapitalExpendituresFree cash flow-CNY 2.11BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 2.11B | 6.9%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 3.69BoperatingIncomeTax expenseCNY 456.03MincomeTaxExpensePretax incomeCNY 3.59BincomeBeforeTaxTax rate12.7%EquityCNY 37.60BtotalStockholderEquityDebtCNY 30.41BshortLongTermDebtTotalCashCNY 21.34BcashAndShortTermInvestmentsInvested capitalCNY 46.68BResult 6.9% | 0.08xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeCNY 3.69BoperatingIncomeNet PP&ECNY 43.80BpropertyPlantAndEquipmentNetResult 0.08x |
| 2021 | 44.8%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 48.33BpropertyPlantEquipmentInventoryCNY 8.27BinventoryTotal assetsCNY 126.36BtotalAssetsResult 44.8% | 1.43xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueCNY 68.97BtotalRevenueNet PP&ECNY 48.33BpropertyPlantEquipmentResult 1.43x | 3.01xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexCNY 10.99BcapitalExpendituresD&ACNY 3.65BdepreciationAndAmortizationResult 3.01x | CNY 10.20Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 126.36BtotalAssetsGoodwillCNY 129.64MgoodWillIntangiblesCNY 5.72BintangibleAssetsLiabilitiesCNY 69.39BtotalLiabTangible bookCNY 51.11BShares5,013,147,689commonStockSharesOutstandingResult CNY 10.20 | 1.44xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 16.13BebitdaCapexCNY 10.99BcapitalExpendituresInterestCNY 1.52BinterestExpenseShort-term debtCNY 2.06BshortLongTermDebtEBITDA − capexCNY 5.14BPrincipal due is the current portion of debt.Result 1.44x | CNY 667.89MFree cash flow · 2021-12-31Reported free cash flowOperating cash flowCNY 11.66BtotalCashFromOperatingActivitiesCapexCNY 10.99BcapitalExpendituresFree cash flowCNY 667.89MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 667.89M | 19.2%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 11.87BoperatingIncomeTax expenseCNY 1.73BincomeTaxExpensePretax incomeCNY 11.83BincomeBeforeTaxTax rate14.7%EquityCNY 44.19BtotalStockholderEquityDebtCNY 29.42BshortLongTermDebtTotalCashCNY 20.86BcashAndShortTermInvestmentsInvested capitalCNY 52.74BResult 19.2% | 0.25xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeCNY 11.87BoperatingIncomeNet PP&ECNY 48.33BpropertyPlantEquipmentResult 0.25x |
| 2022 | 51.2%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 73.22BpropertyPlantAndEquipmentNetInventoryCNY 14.01BinventoryTotal assetsCNY 170.33BtotalAssetsResult 51.2% | 1.32xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueCNY 96.39BtotalRevenueNet PP&ECNY 73.22BpropertyPlantAndEquipmentNetResult 1.32x | 4.55xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexCNY 19.46BcapitalExpendituresD&ACNY 4.27BdepreciationAndAmortizationResult 4.55x | CNY 13.60Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 170.33BtotalAssetsGoodwillCNY 129.64MgoodWillIntangiblesCNY 11.83BintangibleAssetsLiabilitiesCNY 90.17BtotalLiabTangible bookCNY 68.20BShares5,013,700,396commonStockSharesOutstandingResult CNY 13.60 | 3.24xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 32.06BebitdaCapexCNY 19.46BcapitalExpendituresInterestCNY 1.52BinterestExpenseShort-term debtCNY 2.37BshortLongTermDebtEBITDA − capexCNY 12.60BPrincipal due is the current portion of debt.Result 3.24x | CNY 2.29BFree cash flow · 2022-12-31Reported free cash flowOperating cash flowCNY 21.75BtotalCashFromOperatingActivitiesCapexCNY 19.46BcapitalExpendituresFree cash flowCNY 2.29BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 2.29B | 30.9%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 26.68BoperatingIncomeTax expenseCNY 3.69BincomeTaxExpensePretax incomeCNY 26.58BincomeBeforeTaxTax rate13.9%EquityCNY 57.70BtotalStockholderEquityDebtCNY 34.14BshortLongTermDebtTotalCashCNY 17.42BcashAndShortTermInvestmentsInvested capitalCNY 74.41BResult 30.9% | 0.36xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeCNY 26.68BoperatingIncomeNet PP&ECNY 73.22BpropertyPlantAndEquipmentNetResult 0.36x |
| 2023 | 53.1%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 87.53BpropertyPlantAndEquipmentNetInventoryCNY 14.42BinventoryTotal assetsCNY 191.90BtotalAssetsResult 53.1% | 1.12xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueCNY 98.12BtotalRevenueNet PP&ECNY 87.53BpropertyPlantAndEquipmentNetResult 1.12x | 3.88xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexCNY 18.90BcapitalExpendituresD&ACNY 4.87BdepreciationAndAmortizationResult 3.88x | CNY 18.43Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 191.90BtotalAssetsGoodwillCNY 129.64MgoodWillIntangiblesCNY 5.02BintangibleAssetsLiabilitiesCNY 104.17BtotalLiabTangible bookCNY 82.58BShares4,480,371,000commonStockSharesOutstandingResult CNY 18.43 | 0.88xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 23.03BebitdaCapexCNY 18.90BcapitalExpendituresInterestCNY 1.52BinterestExpenseShort-term debtCNY 3.18BshortLongTermDebtEBITDA − capexCNY 4.12BPrincipal due is the current portion of debt.Result 0.88x | CNY 6.91BFree cash flow · 2023-12-31Reported free cash flowOperating cash flowCNY 26.01BtotalCashFromOperatingActivitiesCapexCNY 18.90BcapitalExpendituresFree cash flowCNY 6.91BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 6.91B | 19.3%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 16.91BoperatingIncomeTax expenseCNY 2.81BincomeTaxExpensePretax incomeCNY 16.90BincomeBeforeTaxTax rate16.6%EquityCNY 62.56BtotalStockholderEquityDebtCNY 36.54BshortLongTermDebtTotalCashCNY 25.99BcashAndShortTermInvestmentsInvested capitalCNY 73.12BResult 19.3% | 0.19xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeCNY 16.91BoperatingIncomeNet PP&ECNY 87.53BpropertyPlantAndEquipmentNetResult 0.19x |
| 2024 | 54.4%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 96.65BpropertyPlantAndEquipmentNetInventoryCNY 16.22BinventoryTotal assetsCNY 207.62BtotalAssetsResult 54.4% | 1.01xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueCNY 97.78BtotalRevenueNet PP&ECNY 96.65BpropertyPlantAndEquipmentNetResult 1.01x | 3.01xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexCNY 16.96BcapitalExpendituresD&ACNY 5.64BdepreciationAndAmortizationResult 3.01x | CNY 14.77Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 207.62BtotalAssetsGoodwillCNY 260.37MgoodWillIntangiblesCNY 13.10BintangibleAssetsLiabilitiesCNY 117.58BtotalLiabTangible bookCNY 76.68BShares5,193,112,000commonStockSharesOutstandingResult CNY 14.77 | -1.04xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 12.94BebitdaCapexCNY 16.96BcapitalExpendituresInterestCNY 1.73BinterestExpenseShort-term debtCNY 2.14BshortLongTermDebtEBITDA − capex-CNY 4.01BPrincipal due is the current portion of debt.Result -1.04x | -CNY 4.01BFree cash flow · 2024-12-31Reported free cash flowOperating cash flowCNY 12.95BtotalCashFromOperatingActivitiesCapexCNY 16.96BcapitalExpendituresFree cash flow-CNY 4.01BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 4.01B | 4.6%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 4.87BoperatingIncomeTax expenseCNY 1.42BincomeTaxExpensePretax incomeCNY 5.02BincomeBeforeTaxTax rate28.4%EquityCNY 67.44BtotalStockholderEquityDebtCNY 36.80BshortLongTermDebtTotalCashCNY 28.90BcashAndShortTermInvestmentsInvested capitalCNY 75.34BResult 4.6% | 0.05xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeCNY 4.87BoperatingIncomeNet PP&ECNY 96.65BpropertyPlantAndEquipmentNetResult 0.05x |
| 2025 | 60.0%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 114.93BpropertyPlantAndEquipmentNetInventoryCNY 21.39BinventoryTotal assetsCNY 227.15BtotalAssetsResult 60.0% | 0.85xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueCNY 97.32BtotalRevenueNet PP&ECNY 114.93BpropertyPlantAndEquipmentNetResult 0.85x | 3.39xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexCNY 22.08BcapitalExpendituresD&ACNY 6.51BreconciledDepreciationResult 3.39x | CNY 18.56Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 227.15BtotalAssetsGoodwillCNY 468.23MgoodWillIntangiblesCNY 6.60BintangibleAssetsLiabilitiesCNY 126.30BtotalLiabTangible bookCNY 93.78BShares5,052,792,571commonStockSharesOutstandingResult CNY 18.56 | -1.19xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 16.03BebitdaCapexCNY 22.08BcapitalExpendituresInterestCNY 1.47BinterestExpenseShort-term debtCNY 3.63BshortLongTermDebtEBITDA − capex-CNY 6.05BPrincipal due is the current portion of debt.Result -1.19x | -CNY 12.75BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowCNY 9.33BtotalCashFromOperatingActivitiesCapexCNY 22.08BcapitalExpendituresFree cash flow-CNY 12.75BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 12.75B | 7.0%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 8.58BoperatingIncomeTax expenseCNY 2.05BtaxProvisionPretax incomeCNY 8.05BincomeBeforeTaxTax rate25.5%EquityCNY 74.39BtotalStockholderEquityDebtCNY 42.24BlongTermDebt + shortLongTermDebtCashCNY 25.69BcashInvested capitalCNY 90.95BResult 7.0% | 0.07xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeCNY 8.58BoperatingIncomeNet PP&ECNY 114.93BpropertyPlantAndEquipmentNetResult 0.07x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: CNY 114.93B
Inventory: CNY 21.39B
Total assets: CNY 227.15B
Goodwill: CNY 468.23M
Intangibles: CNY 6.60B
Liabilities: CNY 126.30B
Tangible book: CNY 93.78B
Shares: 5,052,792,571
Revenue: CNY 97.32B
Capex: CNY 22.08B
D&A: CNY 6.51B
EBITDA: CNY 16.03B
Interest: CNY 1.47B
Short-term debt: CNY 3.63B
Free cash flow: -CNY 12.75B
Operating income: CNY 8.58B
Invested capital: CNY 90.95B
Tax rate: 25.5%