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V

Vatti Corp 002035.SZ · CNY

Consumer Discretionary · Shenzhen · 🇨🇳 China

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4.46

+3.00%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥5.65bn

FY2016FY2025

Net income

CN¥301.0m

FY2016FY2025

Free cash flow

CN¥294.4m

FY2016FY2025

Shareholders' equity

CN¥3.83bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥5.65bnCN¥6.37bnCN¥6.23bnCN¥5.82bnCN¥5.59bnCN¥4.36bnCN¥5.75bnCN¥6.10bnCN¥5.73bnCN¥4.40bn
Gross profitCN¥2.40bnCN¥2.53bnCN¥2.52bnCN¥2.27bnCN¥2.26bnCN¥1.88bnCN¥2.77bnCN¥2.88bnCN¥2.61bnCN¥1.87bn
Research and developmentCN¥233.0mCN¥262.8mCN¥247.6mCN¥258.9mCN¥243.6mCN¥220.1mCN¥237.2mCN¥223.6mCN¥183.9mCN¥137.1m
Operating incomeCN¥358.0mCN¥524.8mCN¥481.4mCN¥147.4mCN¥240.7mCN¥464.2mCN¥816.5mCN¥798.2mCN¥612.1mCN¥378.3m
Net incomeCN¥301.0mCN¥484.7mCN¥447.2mCN¥143.1mCN¥207.3mCN¥407.9mCN¥747.8mCN¥676.9mCN¥509.6mCN¥327.5m
Diluted earnings per share0.360.580.530.170.240.480.870.790.640.38

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥7.11bnCN¥7.30bnCN¥7.20bnCN¥6.70bnCN¥6.53bnCN¥5.84bnCN¥5.98bnCN¥5.29bnCN¥4.21bnCN¥3.59bn
Cash and short-term investments—CN¥3.06bnCN¥2.91bnCN¥2.24bnCN¥2.03bnCN¥1.84bnCN¥2.26bnCN¥1.58bnCN¥652.7mCN¥1.11bn
Total liabilitiesCN¥3.24bnCN¥3.47bnCN¥3.51bnCN¥3.29bnCN¥3.20bnCN¥2.61bnCN¥2.86bnCN¥2.62bnCN¥1.95bnCN¥1.80bn
DebtCN¥34.3mCN¥74.4mCN¥51.1mCN¥246.2mCN¥213.0mCN¥149.7mCN¥1.04bnCN¥10.0mCN¥20.0mCN¥16.1m
Shareholders' equityCN¥3.83bnCN¥3.78bnCN¥3.64bnCN¥3.30bnCN¥3.24bnCN¥3.16bnCN¥3.01bnCN¥2.59bnCN¥2.19bnCN¥1.74bn
Shares outstanding831m831m848m847m848m848m862m862m802m858m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥535.9mCN¥632.4mCN¥1.15bnCN¥395.1mCN¥465.7m−CN¥102.5mCN¥778.8mCN¥629.2mCN¥368.5mCN¥818.4m
Capital spending−CN¥241.5m−CN¥238.0m−CN¥267.5m−CN¥220.9m−CN¥266.9m−CN¥200.1m−CN¥253.8m−CN¥176.4m−CN¥72.5m−CN¥34.8m
Free cash flowCN¥294.4mCN¥394.4mCN¥881.5mCN¥174.2mCN¥198.8m−CN¥302.6mCN¥525.0mCN¥452.8mCN¥296.1mCN¥783.6m
Dividends paid−CN¥251.0m−CN¥251.1m−CN¥84.8m−CN¥84.8m−CN¥127.1m−CN¥254.3m−CN¥258.2m−CN¥192.7m−CN¥109.6m−CN¥143.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥1.27bnCN¥1.19bnCN¥1.49bnCN¥1.36bnCN¥1.54bnCN¥1.26bnCN¥1.80bnCN¥1.47bn
Gross profitCN¥538.3mCN¥531.2mCN¥601.2mCN¥589.8mCN¥679.7mCN¥530.5mCN¥674.0mCN¥601.9m
Operating incomeCN¥80.4mCN¥120.3m−CN¥27.7mCN¥94.0mCN¥185.6mCN¥126.0mCN¥82.3mCN¥109.6m
Net incomeCN¥72.0mCN¥101.1m−CN¥54.8mCN¥83.7mCN¥165.8mCN¥106.3mCN¥80.9mCN¥104.2m
Diluted earnings per share0.090.12-0.070.100.200.130.100.13
Cash from operations———CN¥124.0m−CN¥23.0mCN¥198.0m—CN¥158.0m
Capital spending−CN¥74.0m−CN¥39.0m−CN¥31.0m−CN¥46.0m−CN¥69.0m−CN¥94.0m−CN¥55.0m−CN¥88.0m
Free cash flow———CN¥78.0m−CN¥92.0mCN¥104.0m—CN¥70.0m
Total assetsCN¥6.50bnCN¥6.79bnCN¥7.11bnCN¥6.99bnCN¥6.83bnCN¥7.22bnCN¥7.30bnCN¥6.99bn
Cash and short-term investments———CN¥2.88bnCN¥2.77bnCN¥3.14bnCN¥3.06bnCN¥2.80bn
DebtCN¥97.4mCN¥52.6mCN¥34.3mCN¥1.17bnCN¥84.1mCN¥75.0mCN¥74.4mCN¥1.39bn
Shareholders' equityCN¥3.84bnCN¥3.85bnCN¥3.83bnCN¥3.89bnCN¥3.80bnCN¥3.89bnCN¥3.78bnCN¥3.70bn

Financial ratios

Data as of 16 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin42.5%39.7%40.4%39.0%40.4%43.2%
Operating margin6.4%8.5%8.1%2.7%4.3%10.8%
Net margin5.3%7.6%7.2%2.5%3.7%9.4%
Return on equity7.9%12.8%12.3%4.3%6.4%12.9%
Return on assets4.2%6.6%6.2%2.1%3.2%7.0%
Free cash flow yield20.3%22.8%36.3%15.8%18.8%2.5%
Revenue growth-11.4%2.2%7.1%4.1%28.1%-24.1%
Earnings growth-37.9%8.4%212.5%-31.0%-49.2%-45.5%
Current ratio1.54x1.49x1.45x1.46x1.48x1.67x
Debt to equity0.01x0.02x0.01x0.07x0.06x0.05x
Equity ratio53.8%51.8%50.6%49.3%49.6%54.1%
Interest coverage157.89x122.99x56.48x14.41x21.67x83.97x
R&D as a share of sales4.1%4.1%4.0%4.4%4.4%5.0%
Buybacks as a share of market value0.1%2.0%-0.1%0.0%0.0%1.7%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.0%5.3%4.3%
Operating income34.4%-5.1%4.9%
Net income28.1%-5.9%3.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin41.0%40.4%40.7%42.6%
Operating margin7.3%6.3%6.5%8.4%
Net margin6.5%5.7%5.9%7.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings17.112.611.832.826.018.415.511.331.628.3
Price to sales0.91.00.80.81.01.72.01.32.82.1

Dividends and splits

Per share, in the currency the company pays

Paid for 16 years. Last went ex-dividend on 4 Feb 2026.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year0.400.300.100.100.150.300.300.20
  • 8-for-5 split · 9 Jun 2017
  • 6-for-5 split · 5 May 2014
  • 11-for-10 split · 24 Apr 2012
  • 13-for-10 split · 17 May 2007
  • 6-for-5 split · 19 Jun 2006
  • 1-to-1 reverse split · 31 Oct 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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