Qingmu Tec Past Earnings Performance

Past criteria checks 4/6

Qingmu Tec's earnings have been declining at an average annual rate of -7.4%, while the Multiline Retail industry saw earnings declining at 8% annually. Revenues have been growing at an average rate of 12.7% per year. Qingmu Tec's return on equity is 9.7%, and it has net margins of 10.5%.

Key information

-7.39%

Earnings growth rate

-15.92%

EPS growth rate

Multiline Retail Industry Growth	-6.68%
Revenue growth rate	12.65%
Return on equity	9.69%
Net Margin	10.46%
Next Earnings Update	28 Aug 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Qingmu Tec makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

XSEC:301110 Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
31 Mar 26	1,484	155	623	49
31 Dec 25	1,415	123	611	47
30 Sep 25	1,366	98	587	47
30 Jun 25	1,277	75	545	48
31 Mar 25	1,201	76	480	49
31 Dec 24	1,153	91	442	52
30 Sep 24	1,121	98	418	53
30 Jun 24	1,057	78	368	55
31 Mar 24	981	66	328	56
31 Dec 23	967	52	312	54
30 Sep 23	927	55	293	52
30 Jun 23	913	75	274	50
31 Mar 23	885	60	259	49
01 Jan 23	847	66	238	47
30 Sep 22	852	109	207	42
30 Jun 22	838	113	201	40
31 Mar 22	835	136	196	39
01 Jan 22	880	148	195	40
30 Sep 21	824	125	184	40
30 Jun 21	874	165	174	41
31 Mar 21	765	139	145	40
31 Dec 20	649	124	121	39
31 Dec 19	361	44	84	23
31 Dec 18	306	43	67	14
31 Dec 17	216	54	40	12

Quality Earnings: 301110 has high quality earnings.

Growing Profit Margin: 301110's current net profit margins (10.5%) are higher than last year (6.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 301110's earnings have declined by 7.4% per year over the past 5 years.

Accelerating Growth: 301110's earnings growth over the past year (103.1%) exceeds its 5-year average (-7.4% per year).

Earnings vs Industry: 301110 earnings growth over the past year (103.1%) exceeded the Multiline Retail industry 9.1%.

Return on Equity

High ROE: 301110's Return on Equity (9.7%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/19 08:27
End of Day Share Price	2026/07/17 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Qingmu Tec Co., Ltd. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Yifan Du	Citic Securities Co., Ltd.
Yuenan Liu	Haitong International Research Limited