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    Packaged software
Beijing Bewinner Communications Co., Ltd. Class A

Beijing Bewinner Communications Co., Ltd. Class A

SSZSE:002148
5.99
CNY
+0.09
(+1.53%)
0.00EPS
829.27P/E
3.25BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.57
0.41
0.32
0.71
1.05
0.39
0.3
0.31
0.39
0.41
0.46
0.54
0.68
0.7
Basic EPS, GAAP
0.11
0.03
-0.03
0.14
0.24
0.07
-0.05
0.03
0.1
0.03
0.04
0.05
-0.01
0.01
Free Cash Flow per Basic Share
-0.12
-0.31
-0.17
0.07
0.3
0.04
-0.01
0.01
0.05
0.08
0.07
-0.03
-0.04
- -
Dividend per Share
0.02
0.03
- -
- -
0.05
0.08
0.02
- -
0.01
0.03
0.01
0.02
0.02
- -
Book Value per Share
1.09
1.82
1.79
1.94
2.12
2.03
1.96
1.99
2.06
2.13
2.18
2.19
2.18
2.2
Tangible Book Value per Share
1.06
1.8
1.78
1.93
2.12
2.03
1.96
1.98
2.05
2.12
2.17
2.18
2.17
2.19
Basic Weighted Avg Shares
495
560
600
559
540
596
567
518
559
566
572
524
561
558
Sales/Revenue/Turnover
281
228
194
394
570
233
172
162
218
234
265
282
382
393
Operating Margin (%)
20.32
-0.89
-21.86
19.72
22.71
10.33
-13.81
-1.51
10.75
6.06
6.23
4.26
-3.92
-0.45
Depreciation Expense
5
7
7
14
14
14
14
14
14
14
15
15
14
- -
Net Income, GAAP
56
15
-19
79
130
42
-28
16
56
17
23
26
-6
4
Effective Tax Rate (%)
16.15
8.81
- -
10.86
19.12
3.9
- -
11.2
12.01
18.07
13.62
10.55
- -
17.48
Profit Margin (%)
20.02
6.7
-9.86
19.99
22.76
17.92
-16.45
9.61
25.62
7.26
8.62
9.3
-1.47
1
Working Capital
223
467
379
480
588
579
561
581
569
569
606
563
571
499
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
1
1
Total Equity
542
1,032
1,015
1,112
1,222
1,173
1,125
1,138
1,180
1,195
1,224
1,238
1,225
1,240
Return on Invested Capital (%)
10.39
1.6
- -
7.35
11.02
2.96
- -
1.16
4.46
1.42
2.05
2.27
- -
0.19
Return on Capital (%)
10.19
1.36
- -
7.19
11.01
3.54
- -
1.61
4.54
1.41
1.59
2
- -
0.44
Return on Common Equity (%)
10.84
1.95
-1.87
7.5
11.31
3.54
-2.51
1.39
4.86
1.43
1.9
2.14
-0.46
0.32

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
559
559
559
Market Capitalization
4,975
4,176
3,246

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
685
692
595
Cash, Cash Equivalents & STI
468
484
271
Accounts Receivable, Net
23
25
32
Inventories
8
5
4
Total Current Liabilities
114
120
95
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2%
1.49%
-1.12%
Free Cash Flow
-5.24%
46.67%
29.94%
Net Income, GAAP
-72.09%
23.59%
-121.43%
Sales/Revenue/Turnover
15.42%
19.46%
35.58%
Total Cash Common Dividend
- -
- -
7.31%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
65
67
74
76
282
2025
93
101
- -
93
382
2026
97
102
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
0.01
0.02
0.05
2025
-0.01
0.01
- -
-0.01
-0.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Le Min Fu
Full Time Employees
211
Sector
Technology services
Industry
Packaged software
Address
Guoxing Building Beijing BE China 100044
IPO Date
Aug 13, 2007
Website
bisp.com
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Business
Beijing Bewinner Communications Co., Ltd. (002148.SZ) operates as a provider of mobile Internet products and services principally in China, offering mobile games; virtual operator services; mobile Internet industry solutions; Internet of Things (IoT) connectivity management services across verticals including security monitoring, connected vehicles, consumer electronics, advertising media, and unmanned services; and mobile resale businesses. The company, founded in 1997 and headquartered in Beijing at Guoxing Building, maintains a high-tech enterprise status with proprietary platforms for PaaS and massive data processing, serving clients such as NIO, Beiqi Foton Motor, and Haomo Zhixing in connected vehicle applications while exploring expansions into multi-network integration, low-altitude economy, and unmanned driving scenarios. Recent developments include ongoing emphasis on IoT application growth through connection management services, accumulation of quality automotive clients, and monitoring opportunities in eSIM technologies as of mid-2025, alongside a forecast net loss of 2.65 million to 3.45 million yuan for the first half of 2025 reflecting operational challenges.