TRANSWARP TECHNOLOGY (SHANGHAI) CO.,LTD.

Income Statement Transwarp Technology (Shanghai) Co.,Ltd.

Stocks

688031

CNE100005NQ3

Software

End-of-day quote Shanghai S.E. Other stock markets 2026-06-11			5-day change	1st Jan Change
124.31 ^CNY	-8.51%		-2.06%	+14.90%

Apr. 29	Transwarp Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
Mar. 22	Transwarp Technology Co.,Ltd. announced that it expects to receive CNY 300 million in funding	CI

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Published financial data: TRANSWARP TECHNOLOGY (SHANGHAI) CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	331M	373M	491M	371M	447M
Other Revenues, Total	-	-	272K	737K	461K
Total Revenues	331M	373M	491M	371M	448M
Cost of Goods Sold, Total	139M	164M	207M	192M	211M
Gross Profit	192M	208M	284M	179M	236M
Selling General & Admin Expenses, Total	344M	333M	395M	326M	276M
Provision for Bad Debts	5.05M	7.98M	15.83M	12.53M	42.97M
R&D Expenses	135M	188M	216M	221M	199M
Other Operating Expenses	-8.91M	-6.2M	-4.19M	-5.06M	-17.44M
Other Operating Expenses, Total	475M	522M	623M	554M	500M
Operating Income	-283M	-314M	-339M	-375M	-264M
Interest Expense, Total	-1.32M	-1.74M	-2.8M	-2.94M	-2.22M
Interest And Investment Income	15.92M	11.66M	32.14M	18.55M	9.43M
Net Interest Expenses	14.6M	9.92M	29.33M	15.61M	7.2M
Currency Exchange Gains (Loss)	1.06K	588K	217K	-634K	-1.7M
Other Non Operating Income (Expenses)	-77.58K	1.77M	-1.02M	-767K	-806K
EBT, Excl. Unusual Items	-269M	-302M	-311M	-361M	-259M
Gain (Loss) On Sale Of Investments	521K	424K	531K	289K	4.65M
Gain (Loss) On Sale Of Assets	2.36K	-9.11K	152K	1.02M	39.03K
Asset Writedown	-	-	-46.54K	-	-
Other Unusual Items	21.67M	29.26M	20.71M	14.96M	9.45M
EBT, Incl. Unusual Items	-246M	-272M	-289M	-344M	-245M
Income Tax Expense	-	-	-	-	13.84K
Earnings From Continuing Operations	-246M	-272M	-289M	-344M	-245M
Net Income to Company	-246M	-272M	-289M	-344M	-245M
Minority Interest	1.64M	905K	925K	819K	-
Net Income - (IS)	-245M	-271M	-288M	-343M	-245M
Net Income to Common Incl Extra Items	-245M	-271M	-288M	-343M	-245M
Net Income to Common Excl. Extra Items	-245M	-271M	-288M	-343M	-245M
Per Share Items
Net EPS - Basic	-2.7	-2.84	-2.39	-2.84	-2.03
Basic EPS - Continuing Operations	-2.7	-2.84	-2.39	-2.84	-2.03
Basic Weighted Average Shares Outstanding	90.47M	95.54M	121M	121M	121M
Net EPS - Diluted	-2.7	-2.84	-2.39	-2.84	-2.03
Diluted EPS - Continuing Operations	-2.7	-2.84	-2.39	-2.84	-2.03
Diluted Weighted Average Shares Outstanding	90.47M	95.54M	121M	121M	121M
Normalized Basic EPS	-1.84	-1.97	-1.6	-1.86	-1.34
Normalized Diluted EPS	-1.84	-1.97	-1.6	-1.86	-1.34
Payout Ratio	-	-	-0.42	-0.4	-0.42
Supplemental Items
EBITDA	-276M	-307M	-328M	-345M	-250M
EBITA	-283M	-314M	-339M	-375M	-275M
EBIT	-283M	-314M	-339M	-375M	-264M
EBITDAR	-257M	-287M	-304M	-324M	-233M
Total Revenues (As Reported)	-	373M	491M	371M	448M
Effective Tax Rate - (Ratio)	-	-	-	-	-0.01
Normalized Net Income	-166M	-188M	-193M	-225M	-162M
Interest on Long-Term Debt	-	1.74M	1.56M	1.78M	1.14M
Supplemental Operating Expense Items
Marketing Expenses	8.3M	7.35M	13.67M	12.31M	5.94M
Selling and Marketing Expenses	203M	205M	263M	204M	160M
General and Administrative Expenses	122M	108M	110M	101M	99.68M
Research And Development Expense From Footnotes	140M	194M	223M	227M	204M
Net Rental Expense, Total	19.17M	19.85M	23.09M	21.09M	16.69M
Imputed Operating Lease Interest Expense	-	8.34M	7.96M	5.89M	4.93M
Imputed Operating Lease Depreciation	-	11.51M	15.13M	15.2M	11.76M
Stock-Based Comp., R&D Exp. (Total)	-	-	6.11M	-251K	-
Stock-Based Comp., S&M Exp. (Total)	-	-	5.57M	-765K	-
Stock-Based Comp., G&A Exp. (Total)	32.57M	16.89M	2.92M	-40.77K	-
Stock-Based Comp., Other (Total)	-	-	5.72M	-	-
Total Stock-Based Compensation	32.57M	16.89M	20.32M	-1.06M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	53.5M	283M	353M	583M	354M
Short Term Investments	-	-	132M	30.15M	30.36M
Trading Asset Securities, Total	491M	1.26B	595M	71.65M	71.59M
Total Cash And Short Term Investments	545M	1.54B	1.08B	685M	456M
Accounts Receivable, Total	194M	268M	413M	377M	325M
Other Receivables	6.62M	8.18M	8.37M	17.44M	16.78M
Notes Receivable	-	-	-	-	-
Total Receivables	201M	276M	422M	394M	342M
Inventory	42.88M	48.78M	50.25M	51.61M	51.79M
Other Current Assets, Total	15.93M	4.81M	7.39M	7.16M	23.44M
Total Current Assets	804M	1.87B	1.56B	1.14B	873M
Gross Property Plant And Equipment	96.38M	111M	209M	274M	265M
Accumulated Depreciation	-49.74M	-56.82M	-73.17M	-105M	-150M
Net Property Plant And Equipment	46.64M	54.31M	136M	169M	115M
Long-term Investments	-	-	27.01M	35.89M	97.22M
Other Intangibles, Total	150K	186K	21.87M	52.8M	88.39M
Deferred Charges Long-Term	2.93M	3.01M	1.08M	416K	3.94M
Other Long-Term Assets, Total	-	16.28M	47.83M	-	-
Total Assets	854M	1.95B	1.79B	1.4B	1.18B
Liabilities
Accounts Payable, Total	40.72M	46M	86.84M	86.25M	99.13M
Accrued Expenses, Total	73.38M	84.98M	89.77M	45.61M	68.67M
Short-term Borrowings	-	-	55.55M	40.03M	30.04M
Current Portion of Leases	12.3M	20.08M	14.9M	17.21M	15.29M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	50.53M	22.58M	38.45M	62.57M	57.27M
Other Current Liabilities	8.71M	11.1M	9.06M	10.41M	33.46M
Total Current Liabilities	186M	185M	295M	262M	304M
Long-Term Leases	18.25M	15.55M	24.06M	16.72M	1.26M
Unearned Revenue Non Current	19.67M	22.69M	10.26M	5.45M	10.41M
Other Non Current Liabilities	13.71M	15.66M	24.15M	17.57M	-
Total Liabilities	237M	239M	353M	302M	316M
Common Stock, Total	90.63M	121M	121M	121M	121M
Additional Paid In Capital	943M	2.28B	2.3B	2.3B	2.31B
Retained Earnings	-416M	-688M	-976M	-1.32B	-1.56B
Comprehensive Income and Other	312K	-	-	-	-
Total Common Equity	618M	1.71B	1.44B	1.1B	863M
Minority Interest	-1.64M	-2.54M	-3.47M	-4.29M	-
Total Equity	617M	1.71B	1.44B	1.09B	863M
Total Liabilities And Equity	854M	1.95B	1.79B	1.4B	1.18B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	90.63M	121M	121M	121M	121M
ECS Total Common Shares Outstanding	90.63M	121M	121M	121M	121M
Book Value / Share	6.82	14.16	11.94	9.09	7.12
Tangible Book Value	618M	1.71B	1.42B	1.05B	774M
Tangible Book Value Per Share	6.82	14.16	11.76	8.66	6.39
Total Debt	30.55M	35.62M	94.5M	73.95M	46.59M
Net Debt	-514M	-1.51B	-985M	-611M	-409M
Debt Equivalent Oper. Leases	153M	159M	185M	169M	133M
Minority Interest, Total (Incl. Fin. Div)	-1.64M	-2.54M	-3.47M	-4.29M	-
Equity Method Investments, Total	-	-	-	-	4.3M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Work In Process, Total	44.75M	48.23M	56.62M	63.52M	64.47M
Inventories - Finished Goods, Total	986K	1.25M	-	1.65M	4.88M
Inventories - Others	-	-	1.57M	-	-
Machinery, Total	45.9M	57.34M	140M	208M	210M
Full Time Employees	1.02K	1.09K	1.19K	1.09K	897
Accumulated Allowance for Doubtful Accounts (Supple)	15.21M	22.15M	36.36M	47M	83.04M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-245M	-271M	-288M	-343M	-245M
Depreciation & Amortization - CF	24.88M	27.6M	33.67M	50.71M	40.71M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-11.38M
Depreciation & Amortization, Total	24.88M	27.6M	33.67M	50.71M	29.33M
Amortization of Deferred Charges, Total - (CF)	3.15M	2.27M	2M	5.28M	15.51M
(Gain) Loss From Sale Of Asset	-2.36K	9.11K	-152K	-1.02M	-82.77K
(Gain) Loss on Sale of Investments - (CF)	-15.25M	-9.76M	-29.51M	-17.03M	-5.93M
Asset Writedown & Restructuring Costs	673K	1.05M	1.68M	1.87M	6.98M
Provision and Write-off of Bad Debts	4.38M	5.1M	14.19M	10.66M	36.04M
Other Operating Activities, Total	2.61M	2.77M	11.02M	12.64M	6.25M
Change In Accounts Receivable	-71.21M	-69.49M	-172M	24.3M	6.39M
Change In Inventories	-14.62M	-8.42M	-9.88M	-10.37M	5.73M
Change In Accounts Payable	39.1M	3.36M	51.38M	-59.06M	35.32M
Change in Other Net Operating Assets	32.57M	16.89M	20.32M	-1.11M	-2.35K
Cash from Operations	-238M	-300M	-365M	-327M	-110M
Capital Expenditure	-11.79M	-30.99M	-133M	-38M	-44.15M
Sale of Property, Plant, and Equipment	13.98K	21.52K	8.93K	16.74K	274K
Investment in Marketable and Equity Securities, Total	-80.32M	-801M	540M	575M	-14.82M
Other Investing Activities, Total	14.73M	9.34M	27.05M	18.08M	4.99M
Cash from Investing	-77.38M	-822M	434M	555M	-53.71M
Short Term Debt Issued, Total	-	-	85.5M	40M	40M
Total Debt Issued	-	-	85.5M	40M	40M
Short Term Debt Repaid, Total	-	-	-30M	-55.5M	-50M
Long-Term Debt Repaid, Total	-19.3M	-21.53M	-22.68M	-20.84M	-12.84M
Total Debt Repaid	-19.3M	-21.53M	-52.68M	-76.34M	-62.84M
Issuance of Common Stock	50M	1.38B	-	-	13.24M
Common Dividends Paid	-	-	-1.2M	-1.38M	-1.03M
Common & Preferred Stock Dividends Paid	-	-	-1.2M	-1.38M	-1.03M
Other Financing Activities, Total	-750K	-32.86M	-	-	-13.58M
Cash from Financing	29.95M	1.32B	31.62M	-37.72M	-24.21M
Foreign Exchange Rate Adjustments	196K	276K	217K	-634K	-1.75M
Miscellaneous Cash Flow Adjustments	-	0	-	-	-
Net Change in Cash	-286M	199M	101M	191M	-189M
Supplemental Items
Cash Income Tax Paid (Refund)	14.14M	15.32M	14.24M	19.42M	18.88M
Levered Free Cash Flow	-166M	-260M	-381M	-212M	-76.22M
Unlevered Free Cash Flow	-165M	-259M	-380M	-210M	-74.83M
Change In Net Working Capital	36.84M	78.48M	90.42M	-6.89M	-89.48M
Net Debt Issued / Repaid	-19.3M	-21.53M	32.82M	-36.34M	-22.84M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-19.62	-14.02	-11.33	-14.69	-12.82
Return on Total Capital	-24.79	-16.42	-12.93	-17.33	-15.88
Return On Equity %	-35.27	-23.42	-18.37	-27.17	-25.06
Return on Common Equity	-35	-23.3	-18.27	-27.02	-25
Margin Analysis
Gross Profit Margin %	58.05	55.86	57.9	48.24	52.84
SG&A Margin	104.02	89.36	80.53	87.64	61.71
EBITDA Margin %	-83.54	-82.29	-66.74	-92.79	-55.76
EBITA Margin %	-85.54	-84.32	-69.08	-100.88	-61.53
EBIT Margin %	-85.54	-84.32	-69.08	-100.88	-58.99
Income From Continuing Operations Margin %	-74.45	-73.06	-58.92	-92.68	-54.78
Net Income Margin %	-73.95	-72.82	-58.73	-92.45	-54.78
Net Avail. For Common Margin %	-73.95	-72.82	-58.73	-92.45	-54.78
Normalized Net Income Margin	-50.23	-50.4	-39.35	-60.44	-36.21
Levered Free Cash Flow Margin	-50.1	-69.82	-77.7	-57.13	-17.03
Unlevered Free Cash Flow Margin	-49.85	-69.53	-77.35	-56.64	-16.72
Asset Turnover
Asset Turnover	0.37	0.27	0.26	0.23	0.35
Fixed Assets Turnover	11.05	7.38	5.16	2.44	3.15
Receivables Turnover (Average Receivables)	2	1.61	1.44	0.94	1.27
Inventory Turnover (Average Inventory)	3.75	3.59	4.17	3.78	4.08
Short Term Liquidity
Current Ratio	4.33	10.14	5.29	4.34	2.87
Quick Ratio	4.01	9.85	5.1	4.12	2.63
Operating Cash Flow to Current Liabilities	-1.28	-1.62	-1.24	-1.25	-0.36
Days Sales Outstanding (Average Receivables)	182.23	226.09	253.25	389.93	286.59
Days Outstanding Inventory (Average Inventory)	97.41	101.7	87.47	96.94	89.41
Average Days Payable Outstanding	85.7	89.92	116.5	163.58	160.16
Cash Conversion Cycle (Average Days)	193.94	237.87	224.22	323.29	215.84
Long Term Solvency
Total Debt/Equity	4.96	2.08	6.56	6.76	5.4
Total Debt / Total Capital	4.72	2.04	6.16	6.33	5.12
LT Debt/Equity	2.96	0.91	1.67	1.53	0.15
Long-Term Debt / Total Capital	2.82	0.89	1.57	1.43	0.14
Total Liabilities / Total Assets	27.79	12.25	19.69	21.62	26.78
EBIT / Interest Expense	-214.31	-180.73	-120.88	-127.49	-118.7
EBITDA / Interest Expense	-195.47	-164.85	-108.88	-110.24	-105.51
(EBITDA - Capex) / Interest Expense	-204.41	-182.68	-156.4	-123.17	-125.36
Total Debt / EBITDA	-0.12	-0.12	-0.31	-0.23	-0.2
Net Debt / EBITDA	1.99	5.26	3.23	1.89	1.74
Total Debt / (EBITDA - Capex)	-0.11	-0.11	-0.22	-0.2	-0.17
Net Debt / (EBITDA - Capex)	1.9	4.75	2.25	1.69	1.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.26	12.62	31.72	-24.31	20.47
Gross Profit, 1 Yr. Growth %	30.09	8.37	36.53	-30.19	31.96
EBITDA, 1 Yr. Growth %	27.71	11.23	6.84	5.23	-26.66
EBITA, 1 Yr. Growth %	26.88	11.3	7.91	10.53	-25.64
EBIT, 1 Yr. Growth %	26.88	11.27	7.91	10.53	-29.56
Earnings From Cont. Operations, 1 Yr. Growth %	33.62	10.53	6.21	19.06	-28.79
Net Income, 1 Yr. Growth %	32.73	10.9	6.23	19.16	-28.62
Normalized Net Income, 1 Yr. Growth %	30.44	13.01	2.85	16.25	-27.82
Diluted EPS Before Extra, 1 Yr. Growth %	24.06	5.19	-15.85	18.83	-28.52
Accounts Receivable, 1 Yr. Growth %	42.39	37.85	54.43	-8.8	-13.69
Inventory, 1 Yr. Growth %	37.47	13.74	3.02	2.7	0.36
Net Property, Plant and Equip., 1 Yr. Growth %	252.88	16.44	150.49	24.27	-31.76
Total Assets, 1 Yr. Growth %	-10.03	128.08	-7.93	-22.12	-15.63
Tangible Book Value, 1 Yr. Growth %	-20.75	176.86	-16.93	-26.42	-25.99
Common Equity, 1 Yr. Growth %	-20.76	176.83	-15.66	-23.87	-21.5
Cash From Operations, 1 Yr. Growth %	24.85	25.82	21.83	-10.63	-66.43
Capital Expenditures, 1 Yr. Growth %	9.47	162.76	330.1	-71.49	16.18
Levered Free Cash Flow, 1 Yr. Growth %	2.84	57.35	46.59	-45.17	-63.91
Unlevered Free Cash Flow, 1 Yr. Growth %	2.32	57.48	46.53	-45.4	-64.26
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	37.8	19.72	21.8	-0.15	-4.51
Gross Profit, 2 Yr. CAGR %	36.84	18.73	21.64	-7.21	-4.02
EBITDA, 2 Yr. CAGR %	10.73	19.03	9.01	6.03	-12.72
EBITA, 2 Yr. CAGR %	10.47	18.68	9.59	9.21	-9.88
EBIT, 2 Yr. CAGR %	10.47	18.68	9.58	9.21	-11.76
Earnings From Cont. Operations, 2 Yr. CAGR %	7.96	21.53	8.35	12.45	-7.92
Net Income, 2 Yr. CAGR %	7.6	21.32	8.54	12.51	-7.77
Normalized Net Income, 2 Yr. CAGR %	9.41	21.41	7.81	9.34	-8.4
Diluted EPS Before Extra, 2 Yr. CAGR %	-	14.14	-5.92	0	-7.84
Accounts Receivable, 2 Yr. CAGR %	57.58	40.1	45.91	18.68	-11.28
Inventory, 2 Yr. CAGR %	19.89	25.05	8.25	2.86	1.52
Net Property, Plant and Equip., 2 Yr. CAGR %	92.11	102.71	70.78	76.43	-7.92
Total Assets, 2 Yr. CAGR %	1.88	43.25	44.91	-15.32	-18.94
Tangible Book Value, 2 Yr. CAGR %	-5.59	48.12	51.66	-21.82	-26.2
Common Equity, 2 Yr. CAGR %	-5.61	48.11	52.8	-19.87	-22.7
Cash From Operations, 2 Yr. CAGR %	8.85	25.34	23.81	4.34	-45.22
Capital Expenditures, 2 Yr. CAGR %	-2.14	69.6	236.17	10.74	-42.45
Levered Free Cash Flow, 2 Yr. CAGR %	8.31	27.05	51.87	-9.68	-55.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	8.04	26.78	51.91	-9.88	-55.93
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	43	28.84	23.59	3.94	6.3
Gross Profit, 3 Yr. CAGR %	41.08	26.6	24.39	-2.28	4.34
EBITDA, 3 Yr. CAGR %	23.62	10.8	14.82	7.74	-6.64
EBITA, 3 Yr. CAGR %	23.05	10.65	14.98	9.9	-4.3
EBIT, 3 Yr. CAGR %	22.99	10.65	14.98	9.89	-5.64
Earnings From Cont. Operations, 3 Yr. CAGR %	20.95	8.81	16.19	11.81	-3.43
Net Income, 3 Yr. CAGR %	20.69	8.69	16.07	11.97	-3.33
Normalized Net Income, 3 Yr. CAGR %	22.73	10.6	14.88	10.55	-4.79
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	3.11	1.7	-10.59
Accounts Receivable, 3 Yr. CAGR %	65.13	50.71	44.73	24.75	6.72
Inventory, 3 Yr. CAGR %	20.56	17.8	17.23	6.37	2.02
Net Property, Plant and Equip., 3 Yr. CAGR %	43.39	62.58	117.52	53.61	28.54
Total Assets, 3 Yr. CAGR %	47.91	33.28	23.62	17.82	-15.43
Tangible Book Value, 3 Yr. CAGR %	53.76	35.13	22.15	19.17	-23.23
Common Equity, 3 Yr. CAGR %	53.63	35.11	22.76	21.13	-20.42
Cash From Operations, 3 Yr. CAGR %	18.56	14.23	24.15	11.06	-28.5
Capital Expenditures, 3 Yr. CAGR %	-3.95	36.02	131.28	47.7	12.52
Levered Free Cash Flow, 3 Yr. CAGR %	-	22.57	33.25	8.68	-33.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	22.4	33.05	8.55	-33.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	34.11	16.35	11.47
Gross Profit, 5 Yr. CAGR %	-	-	32.95	11.8	9.88
EBITDA, 5 Yr. CAGR %	-	-	17.49	8.87	2.89
EBITA, 5 Yr. CAGR %	-	-	17.42	10.07	4.3
EBIT, 5 Yr. CAGR %	-	-	17.38	10.07	3.43
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	15.75	10.25	5.87
Net Income, 5 Yr. CAGR %	-	-	15.67	10.2	5.87
Normalized Net Income, 5 Yr. CAGR %	-	-	16.53	10.1	4.93
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-1.42
Accounts Receivable, 5 Yr. CAGR %	-	-	57.15	36.97	19
Inventory, 5 Yr. CAGR %	-	-	15.48	11.58	10.67
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	53.78	67.98	54.23
Total Assets, 5 Yr. CAGR %	-	-	46.7	11.16	4.42
Tangible Book Value, 5 Yr. CAGR %	-	-	52.92	8.57	-0.15
Common Equity, 5 Yr. CAGR %	-	-	53.3	9.63	2.03
Cash From Operations, 5 Yr. CAGR %	-	-	20.63	10.17	-10.5
Capital Expenditures, 5 Yr. CAGR %	-	-	58.53	25.28	32.59
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	8.48	-13.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	8.29	-14.23