X 
Xiangyang Automobile Bearing Co 000678.SZ · CNY
Consumer Discretionary · Shenzhen · 🇨🇳 China
17.51
-1.46%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.54bn
FY2016FY2025
Net income
−CN¥49.1m
FY2016FY2025
Free cash flow
−CN¥71.1m
FY2016FY2025
Shareholders' equity
CN¥787.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.54bn | CN¥1.46bn | CN¥1.39bn | CN¥1.13bn | CN¥1.32bn | CN¥1.19bn | CN¥1.24bn | CN¥1.49bn | CN¥1.52bn | CN¥1.40bn |
| Gross profit | CN¥209.8m | CN¥153.2m | CN¥140.9m | CN¥60.4m | CN¥164.1m | CN¥90.2m | CN¥132.0m | CN¥129.7m | CN¥180.3m | CN¥157.0m |
| Research and development | CN¥67.7m | CN¥60.4m | CN¥56.9m | CN¥38.7m | CN¥41.9m | CN¥39.9m | CN¥37.5m | CN¥54.9m | CN¥49.9m | CN¥4.6m |
| Operating income | −CN¥8.8m | −CN¥49.9m | −CN¥54.1m | −CN¥134.9m | −CN¥49.1m | −CN¥96.0m | CN¥11.3m | −CN¥54.9m | CN¥14.8m | −CN¥7.2m |
| Net income | −CN¥49.1m | −CN¥35.4m | −CN¥53.7m | −CN¥125.2m | −CN¥49.7m | −CN¥91.3m | CN¥12.3m | −CN¥59.7m | CN¥11.6m | CN¥11.7m |
| Diluted earnings per share | -0.16 | -0.09 | -0.13 | -0.26 | -0.11 | -0.20 | 0.05 | -0.13 | 0.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.29bn | CN¥2.24bn | CN¥2.39bn | CN¥2.40bn | CN¥2.45bn | CN¥2.60bn | CN¥2.70bn | CN¥2.76bn | CN¥2.80bn | CN¥2.58bn |
| Cash and short-term investments | — | CN¥182.4m | CN¥178.9m | CN¥199.6m | CN¥135.1m | CN¥94.4m | CN¥152.7m | CN¥183.6m | CN¥123.9m | CN¥226.0m |
| Total liabilities | CN¥1.49bn | CN¥1.37bn | CN¥1.46bn | CN¥1.43bn | CN¥1.36bn | CN¥1.44bn | CN¥1.43bn | CN¥1.50bn | CN¥1.48bn | CN¥1.29bn |
| Debt | CN¥109.7m | CN¥771.3m | CN¥412.9m | CN¥586.1m | CN¥683.1m | CN¥720.4m | CN¥732.6m | CN¥746.8m | CN¥687.7m | CN¥652.9m |
| Shareholders' equity | CN¥787.5m | CN¥799.5m | CN¥838.8m | CN¥872.5m | CN¥1.04bn | CN¥1.09bn | CN¥1.20bn | CN¥1.18bn | CN¥1.25bn | CN¥1.22bn |
| Shares outstanding | 308m | 379m | 413m | 475m | 460m | 447m | 255m | 459m | 165m | 292m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥42.8m | CN¥92.0m | CN¥29.9m | CN¥38.9m | CN¥54.5m | −CN¥43.3m | CN¥22.8m | CN¥92.5m | CN¥27.9m | −CN¥35.5m |
| Capital spending | −CN¥28.3m | −CN¥11.0m | −CN¥10.1m | −CN¥9.3m | −CN¥5.0m | −CN¥14.7m | −CN¥46.5m | −CN¥32.2m | −CN¥145.3m | −CN¥95.8m |
| Free cash flow | −CN¥71.1m | CN¥81.0m | CN¥19.7m | CN¥29.7m | CN¥49.5m | −CN¥58.0m | −CN¥23.7m | CN¥60.2m | −CN¥117.4m | −CN¥131.3m |
| Dividends paid | −CN¥24.6m | −CN¥22.5m | −CN¥29.6m | −CN¥26.5m | −CN¥28.4m | −CN¥27.9m | −CN¥29.6m | −CN¥25.8m | −CN¥20.9m | −CN¥27.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥380.4m | CN¥323.1m | CN¥360.5m | CN¥382.5m | CN¥433.1m | CN¥363.2m | CN¥360.2m | CN¥398.5m |
| Gross profit | CN¥68.1m | CN¥33.1m | CN¥91.4m | CN¥42.2m | CN¥47.5m | CN¥28.6m | CN¥45.5m | CN¥34.2m |
| Operating income | CN¥11.9m | −CN¥13.0m | CN¥8.0m | −CN¥15.7m | −CN¥2.9m | −CN¥21.3m | −CN¥15.4m | −CN¥11.7m |
| Net income | −CN¥1.6m | −CN¥19.0m | −CN¥22.3m | −CN¥11.3m | −CN¥1.9m | −CN¥13.6m | −CN¥15.9m | −CN¥7.0m |
| Diluted earnings per share | -0.01 | -0.06 | -0.07 | -0.04 | -0.01 | -0.04 | -0.04 | -0.02 |
| Cash from operations | — | — | — | CN¥76.0m | CN¥78.0m | CN¥22.0m | −CN¥151.0m | CN¥148.0m |
| Capital spending | — | −CN¥27.0m | — | −CN¥17.0m | −CN¥17.0m | — | −CN¥8.0m | — |
| Free cash flow | — | — | — | CN¥59.0m | CN¥61.0m | — | −CN¥159.0m | — |
| Total assets | CN¥2.36bn | CN¥2.28bn | CN¥2.29bn | CN¥2.29bn | CN¥2.31bn | CN¥2.32bn | CN¥2.24bn | CN¥2.36bn |
| Cash and short-term investments | — | — | — | CN¥169.2m | CN¥153.3m | CN¥168.0m | CN¥182.4m | CN¥193.9m |
| Debt | CN¥70.0m | CN¥140.1m | CN¥109.7m | CN¥713.4m | CN¥409.0m | CN¥710.6m | CN¥724.1m | CN¥396.9m |
| Shareholders' equity | CN¥777.4m | CN¥779.1m | CN¥787.5m | CN¥797.4m | CN¥774.5m | CN¥781.4m | CN¥799.5m | CN¥814.8m |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.6% | 10.5% | 10.1% | 5.3% | 12.5% | 7.6% |
| Operating margin | -2.4% | -0.4% | -1.3% | -8.9% | -1.5% | -6.1% |
| Net margin | -3.2% | -2.4% | -3.9% | -11.1% | -3.8% | -7.7% |
| Return on equity | -6.2% | -4.4% | -6.4% | -14.3% | -4.8% | -8.4% |
| Return on assets | -2.1% | -1.6% | -2.3% | -5.2% | -2.0% | -3.5% |
| Free cash flow yield | -0.5% | 2.6% | 0.9% | 1.0% | 1.2% | -0.6% |
| Revenue growth | 5.8% | 4.4% | 23.3% | -14.2% | 10.6% | -4.0% |
| Earnings growth | 38.9% | -34.2% | -57.1% | 152.1% | -45.6% | -844.6% |
| Current ratio | 0.76x | 0.75x | 0.77x | 0.78x | 0.83x | 0.85x |
| Debt to equity | 0.14x | 0.91x | 0.62x | 0.54x | 0.57x | 0.63x |
| Equity ratio | 34.4% | 35.7% | 35.2% | 36.4% | 42.2% | 42.0% |
| Interest coverage | -1.02x | -0.12x | -0.53x | -3.16x | -0.74x | -2.90x |
| R&D as a share of sales | 4.4% | 4.2% | 4.1% | 3.4% | 3.2% | 3.4% |
| Buybacks as a share of market value | 18.8% | 8.2% | 13.1% | -3.3% | -2.8% | -75.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.8% | 5.3% | 2.1% |
| Operating income | -59.7% | -38.0% | -20.7% |
| Net income | -26.8% | -11.7% | -4.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.1% | 10.2% | 10.2% | 10.1% |
| Operating margin | -2.0% | -4.5% | -4.9% | -3.5% |
| Net margin | -2.8% | -4.8% | -5.0% | -3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -94.1 | -69.7 | -49.7 | -21.4 | -43.2 | -23.5 | 144.5 | -38.5 | 114.6 | 329.6 |
| Price to sales | 3.0 | 1.7 | 1.9 | 2.4 | 1.6 | 1.8 | 1.4 | 1.5 | 0.9 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2.144-for-1 split · 13 Jul 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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