Tanwan Inc. risk profile
71 Stretched several inputs deteriorating together
Measured 21 October 2026 from 9890.HK's filed statements. Recomputed nightly.
71 (Stretched), driven by Cash conversion at 96, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 76 | Stretched | Volatile | Drawdown from the 52-week high — 58.6% |
| Operating pressure | 37 | Normal | Stable | Costs outgrowing revenue — -1.7 percentage points |
| Cash conversion | 96 | Acute | Easing | Capital spending against operating cash — -1.78x |
| Leverage and coverage | 11 | Contained | Easing | Current ratio — 1.87x |
| Competitive position | 77 | Stretched | Stable | Revenue-growth gap against peers — -64.4 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.