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.
Advanced Micro Fabrication Inc
Physical assets are 36.4% of total assets, a mixed footprint. Capex is 7.53x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. ROIC is 15.2%, above an 8% cost-of-capital hurdle. That coverage ratio uses interest only, because short-term debt was not on the balance sheet.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 3.35x.
Physical asset ratio
36.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 3.70BpropertyPlantAndEquipmentNetInventoryCNY 7.17BinventoryTotal assetsCNY 29.85BtotalAssetsResult 36.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.35xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueCNY 12.38BtotalRevenueNet PP&ECNY 3.70BpropertyPlantAndEquipmentNetResult 3.35x
Revenue per dollar of the physical asset base.
Capex / D&A
7.53xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexCNY 854.93McapitalExpendituresD&ACNY 113.56MdepreciationAndAmortizationResult 7.53x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
CNY 78.04Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 29.85BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 2.82BintangibleAssetsLiabilities-CNY 21.44BtotalLiabTangible bookCNY 48.47BShares621,021,470commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 78.04
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
3.18xPrice / tangible bookPrice / tangible book per sharePriceCNY 248.00Latest quoteTangible book / shareCNY 78.042025-12-31Result 3.18x
Price CNY 248.00.
Fixed-charge coverage
76.52xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDACNY 2.30BebitdaCapexCNY 854.93McapitalExpendituresInterestCNY 18.93MinterestExpenseEBITDA − capexCNY 1.45BShort-term debt was not reported, so the denominator is interest only.Result 76.52x
EBITDA minus capex, divided by interest only.
FCF yield
0.6%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowCNY 1.44BfreeCashFlowMarket capCNY 243.29BMarketCapitalizationResult 0.6%
Latest free cash flow divided by current market cap (CNY 243.29B).
ROIC
15.2%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 2.19BoperatingIncomeTax expenseCNY 78.38MincomeTaxExpensePretax incomeCNY 2.19BincomeBeforeTaxTax rate3.6%EquityCNY 21.44BtotalStockholderEquityDebtCNY 730.40MlongTermDebtCashCNY 8.30BcashAndShortTermInvestmentsInvested capitalCNY 13.87BResult 15.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.59x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 39.9%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 163.32MpropertyPlantEquipmentInventoryCNY 1.25BinventoryTotal assetsCNY 3.53BtotalAssetsResult 39.9% | 10.04xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueCNY 1.64BtotalRevenueNet PP&ECNY 163.32MpropertyPlantEquipmentResult 10.04x | 1.53xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexCNY 31.29McapitalExpendituresD&ACNY 20.43MdepreciationAndAmortizationResult 1.53x | CNY 3.87Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 3.53BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 359.92MintangibleAssetsLiabilitiesCNY 1.42BtotalLiabTangible bookCNY 1.76BShares454,346,230commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 3.87 | 1.71xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 185.75MebitdaCapexCNY 31.29McapitalExpendituresInterestCNY 18.10MinterestExpenseShort-term debtCNY 72.06MshortTermDebtEBITDA − capexCNY 154.46MPrincipal due is short-term debt.Result 1.71x | CNY 229.81MFree cash flow · 2018-12-31Reported free cash flowOperating cash flowCNY 261.11MtotalCashFromOperatingActivitiesCapexCNY 31.29McapitalExpendituresFree cash flowCNY 229.81MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 229.81M | 6.0%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 147.14MoperatingIncomeTax expenseCNY 56.39MincomeTaxExpensePretax incomeCNY 147.22MincomeBeforeTaxTax rate38.3%EquityCNY 2.12BtotalStockholderEquityDebtCNY 72.06MshortLongTermDebtTotalCashCNY 670.32McashInvested capitalCNY 1.52BResult 6.0% | 0.90xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeCNY 147.14MoperatingIncomeNet PP&ECNY 163.32MpropertyPlantEquipmentResult 0.90x |
| 2019 | 26.2%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 162.37MpropertyPlantAndEquipmentNetInventoryCNY 1.09BinventoryTotal assetsCNY 4.77BtotalAssetsResult 26.2% | 11.99xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueCNY 1.95BtotalRevenueNet PP&ECNY 162.37MpropertyPlantAndEquipmentNetResult 11.99x | 1.62xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexCNY 44.92McapitalExpendituresD&ACNY 27.78MdepreciationAndAmortizationResult 1.62x | CNY 6.33Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 4.77BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 527.36MintangibleAssetsLiabilitiesCNY 1.02BtotalLiabTangible bookCNY 3.22BShares509,633,029commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 6.33 | 68.62xFixed-charge coverage · 2019-12-31(EBITDA − capex) / interestEBITDACNY 228.84MebitdaCapexCNY 44.92McapitalExpendituresInterestCNY 2.68MinterestExpenseEBITDA − capexCNY 183.93MShort-term debt was not reported, so the denominator is interest only.Result 68.62x | CNY 88.36MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowCNY 133.27MtotalCashFromOperatingActivitiesCapexCNY 44.92McapitalExpendituresFree cash flowCNY 88.36MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 88.36M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 197.92MoperatingIncomeTax expenseCNY 9.80MincomeTaxExpensePretax incomeCNY 198.38MincomeBeforeTaxTax rate4.9%EquityCNY 3.75BtotalStockholderEquityDebt—Not reportedCashCNY 2.31BcashAndShortTermInvestmentsInvested capital—Result — | 1.22xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeCNY 197.92MoperatingIncomeNet PP&ECNY 162.37MpropertyPlantAndEquipmentNetResult 1.22x |
| 2020 | 21.7%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 196.89MpropertyPlantAndEquipmentNetInventoryCNY 1.06BinventoryTotal assetsCNY 5.80BtotalAssetsResult 21.7% | 11.55xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueCNY 2.27BtotalRevenueNet PP&ECNY 196.89MpropertyPlantAndEquipmentNetResult 11.55x | 3.23xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexCNY 251.79McapitalExpendituresD&ACNY 77.94MdepreciationAndAmortizationResult 3.23x | CNY 7.12Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 5.80BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 560.47MintangibleAssetsLiabilitiesCNY 1.43BtotalLiabTangible bookCNY 3.81BShares534,999,092commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 7.12 | 42.66xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 594.16MebitdaCapexCNY 251.79McapitalExpendituresInterestCNY 3.52MinterestExpenseShort-term debtCNY 4.50MshortTermDebtEBITDA − capexCNY 342.37MPrincipal due is short-term debt.Result 42.66x | CNY 594.50MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowCNY 846.29MtotalCashFromOperatingActivitiesCapexCNY 251.79McapitalExpendituresFree cash flowCNY 594.50MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 594.50M | 28.5%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 514.82MoperatingIncomeTax expenseCNY 20.39MincomeTaxExpensePretax incomeCNY 512.70MincomeBeforeTaxTax rate4.0%EquityCNY 4.37BtotalStockholderEquityDebtCNY 4.50MlongTermDebt + shortLongTermDebtCashCNY 2.64BcashAndShortTermInvestmentsInvested capitalCNY 1.74BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 28.5% | 2.61xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeCNY 514.82MoperatingIncomeNet PP&ECNY 196.89MpropertyPlantAndEquipmentNetResult 2.61x |
| 2021 | 14.4%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 640.83MpropertyPlantEquipmentInventoryCNY 1.76BinventoryTotal assetsCNY 16.73BtotalAssetsResult 14.4% | 4.85xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueCNY 3.11BtotalRevenueNet PP&ECNY 640.83MpropertyPlantEquipmentResult 4.85x | 5.26xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexCNY 496.53McapitalExpendituresD&ACNY 94.38MdepreciationAndAmortizationResult 5.26x | CNY 22.82Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 16.73BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 824.98MintangibleAssetsLiabilitiesCNY 2.79BtotalLiabTangible bookCNY 13.12BShares574,672,540commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 22.82 | 47.88xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 1.23BebitdaCapexCNY 496.53McapitalExpendituresInterestCNY 3.09MinterestExpenseShort-term debtCNY 12.24MshortTermDebtEBITDA − capexCNY 733.76MPrincipal due is short-term debt.Result 47.88x | CNY 519.73MFree cash flow · 2021-12-31Reported free cash flowOperating cash flowCNY 1.02BtotalCashFromOperatingActivitiesCapexCNY 496.53McapitalExpendituresFree cash flowCNY 519.73MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 519.73M | 36.3%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 1.13BoperatingIncomeTax expenseCNY 121.55MincomeTaxExpensePretax incomeCNY 1.13BincomeBeforeTaxTax rate10.7%EquityCNY 13.94BtotalStockholderEquityDebtCNY 16.68MshortLongTermDebtTotalCashCNY 11.17BcashAndShortTermInvestmentsInvested capitalCNY 2.79BResult 36.3% | 1.77xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeCNY 1.13BoperatingIncomeNet PP&ECNY 640.83MpropertyPlantEquipmentResult 1.77x |
| 2022 | 23.8%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 1.36BpropertyPlantAndEquipmentNetInventoryCNY 3.40BinventoryTotal assetsCNY 20.03BtotalAssetsResult 23.8% | 3.49xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueCNY 4.74BtotalRevenueNet PP&ECNY 1.36BpropertyPlantAndEquipmentNetResult 3.49x | 12.75xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexCNY 1.51BcapitalExpendituresD&ACNY 118.07MdepreciationAndAmortizationResult 12.75x | CNY 23.67Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 20.03BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 909.34MintangibleAssetsLiabilitiesCNY 4.55BtotalLiabTangible bookCNY 14.57BShares615,680,207commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 23.67 | -6.01xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 1.38BebitdaCapexCNY 1.51BcapitalExpendituresInterestCNY 7.64MinterestExpenseShort-term debtCNY 12.48MshortTermDebtEBITDA − capex-CNY 120.86MPrincipal due is short-term debt.Result -6.01x | -CNY 887.59MFree cash flow · 2022-12-31Reported free cash flowOperating cash flowCNY 617.52MtotalCashFromOperatingActivitiesCapexCNY 1.51BcapitalExpendituresFree cash flow-CNY 887.59MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 887.59M | 20.4%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 1.26BoperatingIncomeTax expenseCNY 90.65MincomeTaxExpensePretax incomeCNY 1.26BincomeBeforeTaxTax rate7.2%EquityCNY 15.48BtotalStockholderEquityDebtCNY 523.87MshortLongTermDebtTotalCashCNY 10.27BcashAndShortTermInvestmentsInvested capitalCNY 5.74BResult 20.4% | 0.93xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeCNY 1.26BoperatingIncomeNet PP&ECNY 1.36BpropertyPlantAndEquipmentNetResult 0.93x |
| 2023 | 33.1%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 2.86BpropertyPlantAndEquipmentNetInventoryCNY 4.26BinventoryTotal assetsCNY 21.53BtotalAssetsResult 33.1% | 2.19xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueCNY 6.26BtotalRevenueNet PP&ECNY 2.86BpropertyPlantAndEquipmentNetResult 2.19x | 5.41xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexCNY 870.46McapitalExpendituresD&ACNY 160.97MdepreciationAndAmortizationResult 5.41x | CNY 26.82Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 21.53BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 1.19BintangibleAssetsLiabilitiesCNY 3.70BtotalLiabTangible bookCNY 16.63BShares620,106,937commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 26.82 | 2.50xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 2.19BebitdaCapexCNY 870.46McapitalExpendituresInterestCNY 18.44MinterestExpenseShort-term debtCNY 509.81MshortTermDebtEBITDA − capexCNY 1.32BPrincipal due is short-term debt.Result 2.50x | -CNY 1.85BFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-CNY 98.08MtotalCashFromOperatingActivitiesCapexCNY 870.46McapitalExpendituresFree cash flow-CNY 1.85BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -CNY 1.85B | 18.7%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 1.98BoperatingIncomeTax expenseCNY 226.40MincomeTaxExpensePretax incomeCNY 2.01BincomeBeforeTaxTax rate11.3%EquityCNY 17.83BtotalStockholderEquityDebtCNY 526.60MshortLongTermDebtTotalCashCNY 8.96BcashAndShortTermInvestmentsInvested capitalCNY 9.39BResult 18.7% | 0.69xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeCNY 1.98BoperatingIncomeNet PP&ECNY 2.86BpropertyPlantAndEquipmentNetResult 0.69x |
| 2024 | 39.8%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 3.38BpropertyPlantAndEquipmentNetInventoryCNY 7.04BinventoryTotal assetsCNY 26.22BtotalAssetsResult 39.8% | 2.68xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueCNY 9.07BtotalRevenueNet PP&ECNY 3.38BpropertyPlantAndEquipmentNetResult 2.68x | 7.88xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexCNY 895.06McapitalExpendituresD&ACNY 113.56MdepreciationAndAmortizationResult 7.88x | CNY 28.64Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 26.22BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 1.94BintangibleAssetsLiabilitiesCNY 6.48BtotalLiabTangible bookCNY 17.79BShares621,413,748commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 28.64 | 29.72xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDACNY 1.84BebitdaCapexCNY 895.06McapitalExpendituresInterestCNY 20.92MinterestExpenseShort-term debtCNY 10.99MshortLongTermDebtTotal − longTermDebtEBITDA − capexCNY 948.36MShort-term debt is total debt minus long-term debt.Result 29.72x | CNY 563.34MFree cash flow · 2024-12-31Reported free cash flowOperating cash flowCNY 1.46BtotalCashFromOperatingActivitiesCapexCNY 895.06McapitalExpendituresFree cash flowCNY 563.34MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 563.34M | 13.6%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 1.70BoperatingIncomeTax expenseCNY 94.62MincomeTaxExpensePretax incomeCNY 1.71BincomeBeforeTaxTax rate5.5%EquityCNY 19.74BtotalStockholderEquityDebtCNY 732.79MshortLongTermDebtTotalCashCNY 8.60BcashAndShortTermInvestmentsInvested capitalCNY 11.87BResult 13.6% | 0.50xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeCNY 1.70BoperatingIncomeNet PP&ECNY 3.38BpropertyPlantAndEquipmentNetResult 0.50x |
| 2025 | 36.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&ECNY 3.70BpropertyPlantAndEquipmentNetInventoryCNY 7.17BinventoryTotal assetsCNY 29.85BtotalAssetsResult 36.4% | 3.35xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueCNY 12.38BtotalRevenueNet PP&ECNY 3.70BpropertyPlantAndEquipmentNetResult 3.35x | 7.53xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexCNY 854.93McapitalExpendituresD&ACNY 113.56MdepreciationAndAmortizationResult 7.53x | CNY 78.04Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsCNY 29.85BtotalAssetsGoodwillCNY 0.00Not reported, treated as 0IntangiblesCNY 2.82BintangibleAssetsLiabilities-CNY 21.44BtotalLiabTangible bookCNY 48.47BShares621,021,470commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result CNY 78.04 | 76.52xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDACNY 2.30BebitdaCapexCNY 854.93McapitalExpendituresInterestCNY 18.93MinterestExpenseEBITDA − capexCNY 1.45BShort-term debt was not reported, so the denominator is interest only.Result 76.52x | CNY 1.44BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowCNY 2.30BtotalCashFromOperatingActivitiesCapexCNY 854.93McapitalExpendituresFree cash flowCNY 1.44BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result CNY 1.44B | 15.2%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeCNY 2.19BoperatingIncomeTax expenseCNY 78.38MincomeTaxExpensePretax incomeCNY 2.19BincomeBeforeTaxTax rate3.6%EquityCNY 21.44BtotalStockholderEquityDebtCNY 730.40MlongTermDebtCashCNY 8.30BcashAndShortTermInvestmentsInvested capitalCNY 13.87BResult 15.2% | 0.59xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeCNY 2.19BoperatingIncomeNet PP&ECNY 3.70BpropertyPlantAndEquipmentNetResult 0.59x |
- 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 3.70B
Inventory: CNY 7.17B
Total assets: CNY 29.85B
Goodwill: CNY 0.00
Intangibles: CNY 2.82B
Liabilities: -CNY 21.44B
Tangible book: CNY 48.47B
Shares: 621,021,470
Revenue: CNY 12.38B
Capex: CNY 854.93M
D&A: CNY 113.56M
EBITDA: CNY 2.30B
Interest: CNY 18.93M
Short-term debt: —
Free cash flow: CNY 1.44B
Operating income: CNY 2.19B
Invested capital: CNY 13.87B
Tax rate: 3.6%