All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2018; the latest 2026-04-30.
From the record
Token Cat Limited's filings since 2018 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2026-04-30) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-48.9% a year over 8 filed years; profitable in 1 of 8.
From the record
Token Cat Limited's 8 filed years say what it did: revenue went from CNY 651 million in fiscal 2018 to CNY 6 million in fiscal 2025, down 48.9% a year; it rose in 1 of 7 years; the deepest fall was 99% from fiscal 2018 to fiscal 2025; net income was positive in 1 of 8 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 1.1/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Token Cat Limited's shareholder treatment is put at 1.1 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 12% of 98 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE 2%: 2¢ of profit per shareholder dollar. Leverage 23%: owes 23¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Token Cat Limited earned about 2 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 0 cents per dollar of everything the company owns. Leverage: it owed about 23 cents per dollar of assets, and net share issuance: its share count grew 9.4% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 48% of 101 in its family; net margin 38.3%.
From the record
Token Cat Limited's standing among 101 graded names in its industry family: revenue of CNY 6 million in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 38.3% ranks in the top 4%; revenue growth of -68.1% a year over the last 3 filed years ranks in the bottom 1% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 5.3/10, confidence 20 of 100 (family median).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Token Cat Limited's leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
bottom 18% of 99 in its family for room to expand.
From the record
Token Cat Limited's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 976 thousand against no long-term debt tagged leaves 0.6% of its assets as net cash, bottom 47% of its family; cash from operations less capital spending is -2979.1% of revenue (bottom 2%); a gross margin of 2.8% (bottom 6%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 5% of 99 in its family for growth drivers.
From the record
Token Cat Limited's growth drivers, from the filed years to fiscal 2025: revenue grew -68.1% a year over the last three filed years against -48.9% over all 8, slowing (bottom 14% of its family); the newest year grew -88% (bottom 1%); research spending grew -30.6% a year (bottom 3%); capital spending grew -69% a year (bottom 3%) (its annual reports). Token Cat Limited reported 2 product lines in fiscal 2025: Resale of Automotive Electronic Components at CNY 6 million (98%), Advertising at CNY 148 thousand (3%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 45% of 93 in its family for expectations against reality.
From the record
Token Cat Limited's newest year against its own record: revenue of CNY 6 million in fiscal 2025 came in 76.8% below the CNY 25 million its prior three years' pace pointed to (bottom 1% of its family); net income of CNY 2 million against a prior three-year average of CNY 146 million (top 32%); a net margin of 38.3% against losses larger than its revenue before (top 4%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made