Fujian Snowman Group Co Ltd

Fujian Snowman Group Co Ltd maintains a capital structure characterized by a debt-to-equity ratio of 0.47 and a current ratio of 1.41. The balance sheet reflects total assets of 4,958,671,610 CNY against total liabilities of 2,404,249,590 CNY, resulting in total equity of 2,554,422,020 CNY. Long-term debt stands at 1,189,482,990 CNY. Liquidity is assessed as medium, with a key flag noting that net cash is negative after subtracting total debt. Operating cash flow is 106,598,260 CNY, while free cash flow is significantly lower at 8,420,540 CNY, driven by capital expenditures of -107,441,300 CNY.

Profitability metrics indicate thin returns relative to the equity base. Return on equity is 0.0101, and return on assets is 0.0052. The company reported net income of 36,533,480 CNY on revenue of 2,525,250,070 CNY, yielding a net margin of approximately 1.45%. Gross profit was 545,043,060 CNY, resulting in a gross margin of approximately 21.6%. Operating income was 24,519,200 CNY, indicating significant operating expenses relative to gross profit. The price-to-earnings ratio is 373.65, and the EV/EBITDA ratio is 430.48, reflecting high valuation multiples relative to current earnings.

Segment and geographic data are not provided in the available input, preventing a detailed analysis of revenue concentration by business line or region. The company's activity is broadly classified under Industrial Goods within the Industrial Machinery & Equipment industry.

Growth trajectory analysis is limited by the absence of historical period data in the input. The latest actual revenue reported in IR observations is 1,458,378,290 CNY, which differs from the financial snapshot revenue of 2,525,250,070 CNY, potentially indicating different reporting periods or normalization adjustments. Without multi-year historical data, year-over-year growth trends cannot be quantified.

Risk assessment highlights medium liquidity risk and low dilution risk. The primary financial flag is the negative net cash position after debt subtraction. The debt-to-equity ratio of 0.47 suggests moderate leverage, but the low free cash flow relative to operating cash flow indicates high capital intensity or investment activity. The current ratio of 1.41 provides a buffer for short-term obligations, but the negative net cash position warrants monitoring.

Recent observations include an analyst estimate reference for last actual revenue of 1,458,378,290 CNY. No specific filing, news, or transcript observations are provided in the input data to detail recent corporate events or management signals.

The company generated positive free cash flow of 8.4 million CNY in 2021, marking a significant improvement from previous negative periods.

Cash conversion ratio of 4.14 ranks as best-in-class compared to the industrial machinery cohort median of 0.95.

Gross profit expanded to 545 million CNY in 2021, demonstrating improved top-line efficiency despite volatile net income trends.

The debt-to-equity ratio of 0.47 indicates a manageable leverage position relative to the company's book value of 2.55 billion CNY.

Dilution risk is assessed as low, suggesting limited immediate pressure on existing shareholder equity from new share issuance.

The company faces high credit risk, indicating potential difficulties in meeting financial obligations or securing favorable financing terms.

Operating margin of 1.03% and net margin of 1.06% remain significantly below the industrial machinery cohort medians.

Return on equity of 1.01% trails the cohort median of 3.56%, reflecting inefficient use of shareholder capital.

Revenue ¥568.7M, +41,4% YoY; Operating income −100,5% YoY.

• ▍Revenue ¥568.7M, +41,4% YoY
• ▍Operating income −100,5% YoY
• ▍Net income −64,0% YoY
• ▍Net margin 0.6%

Revenue ¥893.9M, −8,0% YoY; Operating income −151,2% YoY.

• ▍Revenue ¥893.9M, −8,0% YoY
• ▍Operating income −151,2% YoY
• ▍Net income −209,0% YoY
• ▍Net margin -0.3%

Revenue ¥2.53B, +10,5% YoY; Operating income −52,5% YoY.

• ▍Revenue ¥2.53B, +10,5% YoY
• ▍Operating income −52,5% YoY
• ▍Net income +1,5% YoY
• ▍Free cash flow −75,5% YoY
• ▍Net margin 1.4%

Revenue ¥1.97B, −2,1% YoY; Operating income −26,9% YoY.

• ▍Revenue ¥1.97B, −2,1% YoY
• ▍Operating income −26,9% YoY
• ▍Net income −79,0% YoY
• ▍Free cash flow −95,0% YoY
• ▍Net margin -10.3%

Revenue ¥2.01B; Operating income -¥154.7M.

• ▍Revenue ¥2.01B
• ▍Operating income -¥154.7M
• ▍Net margin -5.6%