نظام الإنذار المبكر: انخفاض إيرادات شركة يونيان كوهكو

Sina Finance listed company research institute | Financial report eagle-eye early warning

On March 30, Yuen Energy Holdings released its 2025 annual report.

The report shows that the company’s full-year operating revenue in 2025 was 11.23 billion yuan, down 7.61% year-on-year; net profit attributable to the parent was 390 million yuan, up 421.54% year-on-year; net profit after deducting non-recurring gains and losses attributable to the parent was 375 million yuan, up 329.29% year-on-year; basic earnings per share were 0.2558 yuan/share.

Since the company went public in January 1998, it has implemented cash dividends 7 times, with cumulative cash dividends implemented of 447 million yuan.

The listed company financial report eagle-eye early warning system conducts intelligent quantitative analysis of Yuen Energy Holdings’ 2025 annual report from four major dimensions: performance quality, profitability, capital pressure and safety, and operating efficiency.

I. Performance quality

During the reporting period, the company’s operating revenue was 11.23 billion yuan, down 7.61% year-on-year; net profit was 416 million yuan, up 450.7% year-on-year; net cash flow from operating activities was 3.518 billion yuan, up 48.47% year-on-year.

From the overall performance level, it is necessary to focus on:

• Operating revenue declined. During the reporting period, operating revenue was 11.23 billion yuan, down 7.62% year-on-year.

• Operating revenue and net profit moved in opposite directions. During the reporting period, operating revenue declined by 7.62% year-on-year, while net profit grew by 450.7% year-on-year; operating revenue and net profit moved in opposite directions.

• Operating revenue declined, while net profit turned from loss to profit. During the reporting period, the company’s operating revenue declined by 7.62% year-on-year, and net profit was 420 million yuan. Operating revenue growth was weak, but net profit turned from loss to profit.

• Net profit turned profitable for the first time in two years of losses. In the past three reporting periods’ annual reports, net profit was -0.6 billion yuan, -0.12 billion yuan, and 0.42 billion yuan respectively, showing relatively large fluctuations.

Based on cash flow quality, it is necessary to focus on:

• Operating revenue and net cash flow from operating activities moved in opposite directions. During the reporting period, operating revenue declined by 7.62% year-on-year, while net cash flow from operating activities grew by 48.47% year-on-year; operating revenue and net cash flow from operating activities moved in opposite directions.

II. Profitability

During the reporting period, the company’s gross margin was 13.69%, up 92.25% year-on-year; net profit margin was 3.7%, up 479.61% year-on-year; return on net assets (weighted) was 11.82%, up 407.01% year-on-year.

Regarding whether there is an impairment risk, it is necessary to focus on:

• The year-on-year change rate of asset impairment losses exceeded 30%. During the reporting period, asset impairment losses were -200 million yuan, down 598.8% year-on-year.

III. Capital pressure and safety

During the reporting period, the company’s asset-liability ratio was 86.8%, down 2.49% year-on-year; current ratio was 0.47, quick ratio was 0.4; total debt was 22.906 billion yuan, of which short-term debt was 5.984 billion yuan, and the ratio of short-term debt to total debt was 26.12%.

Regarding short-term capital pressure, it is necessary to focus on:

• Cash ratio less than 0.25. During the reporting period, the cash ratio was 0.16, lower than 0.25.

From the perspective of capital management, it is necessary to focus on:

• Interest income/cash and cash equivalents ratio less than 1.5%. During the reporting period, cash and cash equivalents were 1.63 billion yuan, short-term debt was 0 yuan, and the average ratio of interest income to cash and cash equivalents was 0.336%, lower than 1.5%.

IV. Operating efficiency

During the reporting period, the company’s accounts receivable turnover ratio was 6.41, up 20.31%; inventory turnover ratio was 11.41, down 9.2% year-on-year; total asset turnover ratio was 0.35, down 8.33% year-on-year.

Regarding long-term assets, it is necessary to focus on:

• Construction in progress changed significantly. During the reporting period, construction in progress was 6.06 billion yuan, up 54.68% from the beginning of the period.

Click Yuen Energy Holdings’ eagle-eye early warning to view the latest early warning details and a visual preview of the financial report.

Sina Finance listed company financial report eagle-eye early warning introduction: The listed company financial report eagle-eye early warning is an intelligent professional analysis system for listed company financial reports. The eagle-eye early warning, by gathering a large number of authoritative financial experts such as accounting firms and listed companies, tracks and interprets the latest financial reports of listed companies across multiple dimensions including company performance growth, earnings quality, capital pressure and safety, and operating efficiency, and alerts to potentially existing financial risk points in a picture-and-text format. It provides professional, efficient, and convenient technical solutions for financial institutions, listed companies, regulatory authorities, and others to identify and give early warnings of financial risks of listed companies.

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