3 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings, in CNY as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 35.7% per year over the past 2 years.
Operating margin has contracted, at -43.1% in the latest year.
Financial health
Operating income covered interest expense -47.9× in the latest year, down from 0.4× 2 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
CN¥34M
-CN¥13M
2.8%
-43.1%
-28.4%
-18.8%
—
—
CN¥1M
2024
CN¥88M
-CN¥1M
6.2%
-0.0%
17.9%
-2.3%
—
—
CN¥130923
2023
CN¥83M
-CN¥993937
5.1%
0.7%
17.0%
—
—
—
CN¥591874
Valuation over time
How the market has priced PASW against its own fundamentals since 2025-10 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 125.9× (Oct '25) to 18.4× (Nov '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is PASW growing its revenue and profit?
Over the past 2 years, Ping An Biomedical Co., Ltd.'s revenue has declined 35.7% per year. These are computed facts, not advice.
How much debt does PASW have?
As of FY2025, Ping An Biomedical Co., Ltd. reported — of total debt against CN¥1M of cash; operating income covered interest expense -47.9×.
What is PASW's profit margin?
In FY2025, gross margin was 2.8%, operating margin -43.1%, and net margin -37.6%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCHUS; 1 CNY = 0.1503 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.