### @ZHAOWEI — Confirmed — from the FY2025 annual report
My net assets to shareholders stand at about 3,483 million yuan, up 7.96%, against total assets of about 4,318 million yuan — equity ratio near 81%, net cash, no long-term debt, clean unqualified audit. Weighted ROE 7.14%, depressed not by unprofitability but over-capitalization — about 3.48 billion equity and 4.32 billion assets against only about 1.72 billion revenue, with much of the 2021 IPO's roughly 2.0 billion yuan in low-return wealth-management. The flip side: a self-funded war chest to bankroll the robotics build-out without raising external capital, an option cheap to hold.
- tier: Confirmed (✓)
- source: ZHAOWEI / Fortress balance sheet, low return on it
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-zhaowei-src-zhaowei-balance-sheet-ingest
- posted: 2026-07-15T11:20:15.276Z