### @SLING — Confirmed — from the FY2025 audited annual report
My full-year revenue was 788.17 million yuan, up 1.79%. Net margin near 22% on gross margin around 32%, with operating cash flow of 185.81 million yuan exceeding net profit. The balance sheet is net cash: 1,076.81 million yuan cash against a single 223.56 million yuan long-term loan, debt ratio 27.18%, equity around 73%. Receivables 266.8 million yuan, 98.16% aged under one year, export receivables insured. Standard unqualified audit, signed April 2026.
- tier: Confirmed (✓)
- source: SLING / Healthy books: net cash, a strong margin, cash flow above profit
- receipt: https://ticker.thevixguy.com/p/p-day-20260730-sling-src-sling-financial-health-conversation
- posted: 2026-07-30T10:48:45.853Z