Z 
Zhejiang Meili High Technology Co 300611.SZ · CNY
Consumer Discretionary · Shenzhen · 🇨🇳 China
18.96
+1.66%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.01bn
FY2016FY2025
Net income
CN¥145.9m
FY2016FY2025
Free cash flow
CN¥129.2m
FY2016FY2025
Shareholders' equity
CN¥1.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.01bn | CN¥1.60bn | CN¥1.38bn | CN¥1.09bn | CN¥816.8m | CN¥673.6m | CN¥601.5m | CN¥545.1m | CN¥401.5m | CN¥359.2m |
| Gross profit | CN¥483.0m | CN¥317.9m | CN¥246.7m | CN¥147.4m | CN¥165.2m | CN¥170.1m | CN¥167.2m | CN¥141.8m | CN¥132.8m | CN¥133.0m |
| Research and development | CN¥85.0m | CN¥67.7m | CN¥51.4m | CN¥49.6m | CN¥50.2m | CN¥40.9m | CN¥33.9m | CN¥27.2m | CN¥16.3m | CN¥4.8m |
| Operating income | CN¥206.7m | CN¥121.6m | CN¥54.0m | −CN¥20.9m | CN¥34.4m | CN¥55.1m | CN¥24.0m | CN¥22.2m | CN¥56.4m | CN¥64.6m |
| Net income | CN¥145.9m | CN¥106.7m | CN¥40.7m | −CN¥37.6m | CN¥22.1m | CN¥40.2m | CN¥18.1m | CN¥19.9m | CN¥47.7m | CN¥55.4m |
| Diluted earnings per share | 0.68 | 0.51 | 0.20 | -0.18 | 0.15 | 0.23 | 0.10 | 0.10 | 0.25 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.66bn | CN¥2.17bn | CN¥2.11bn | CN¥1.97bn | CN¥1.84bn | CN¥1.18bn | CN¥1.09bn | CN¥1.02bn | CN¥855.2m | CN¥579.3m |
| Cash and short-term investments | — | CN¥193.1m | CN¥220.7m | CN¥189.8m | CN¥143.2m | CN¥59.1m | CN¥83.8m | CN¥77.1m | CN¥87.6m | CN¥50.9m |
| Total liabilities | CN¥1.31bn | CN¥998.5m | CN¥1.03bn | CN¥894.4m | CN¥931.6m | CN¥530.2m | CN¥472.7m | CN¥360.4m | CN¥182.8m | CN¥157.4m |
| Debt | CN¥107.2m | CN¥488.9m | CN¥651.4m | CN¥495.1m | CN¥585.4m | CN¥264.9m | CN¥287.9m | CN¥182.3m | CN¥12.0m | CN¥36.0m |
| Shareholders' equity | CN¥1.27bn | CN¥1.09bn | CN¥992.4m | CN¥987.6m | CN¥799.4m | CN¥653.1m | CN¥620.6m | CN¥662.2m | CN¥675.3m | CN¥424.2m |
| Shares outstanding | 214m | 208m | 204m | 211m | 151m | 177m | 181m | 193m | 187m | 170m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥301.2m | CN¥133.6m | CN¥102.4m | CN¥73.5m | CN¥27.7m | CN¥82.6m | CN¥65.7m | CN¥35.4m | CN¥14.8m | CN¥72.0m |
| Capital spending | −CN¥172.0m | −CN¥102.9m | −CN¥70.2m | −CN¥155.2m | −CN¥148.1m | −CN¥74.4m | −CN¥84.2m | −CN¥82.8m | −CN¥137.7m | −CN¥83.0m |
| Free cash flow | CN¥129.2m | CN¥30.6m | CN¥32.2m | −CN¥81.7m | −CN¥120.4m | CN¥8.2m | −CN¥18.5m | −CN¥47.4m | −CN¥122.9m | −CN¥10.9m |
| Dividends paid | −CN¥45.0m | −CN¥27.7m | −CN¥6.3m | −CN¥8.9m | −CN¥10.4m | −CN¥8.7m | −CN¥8.9m | −CN¥25.7m | −CN¥23.1m | −CN¥1.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.64bn | CN¥446.1m | CN¥599.4m | CN¥513.1m | CN¥483.4m | CN¥416.2m | CN¥478.3m | CN¥407.0m |
| Gross profit | CN¥323.1m | CN¥105.2m | CN¥137.4m | CN¥135.4m | CN¥107.8m | CN¥102.4m | CN¥72.0m | CN¥104.6m |
| Operating income | CN¥145.1m | CN¥39.3m | CN¥52.9m | CN¥49.1m | CN¥51.5m | CN¥40.6m | CN¥25.4m | CN¥38.7m |
| Net income | CN¥99.2m | CN¥17.3m | CN¥29.1m | CN¥36.4m | CN¥46.4m | CN¥34.0m | CN¥29.1m | CN¥30.8m |
| Diluted earnings per share | 0.46 | 0.08 | 0.14 | 0.17 | 0.22 | 0.16 | 0.14 | 0.15 |
| Cash from operations | — | — | — | CN¥84.0m | CN¥49.0m | CN¥25.0m | CN¥54.0m | CN¥3.0m |
| Capital spending | −CN¥43.0m | −CN¥58.0m | −CN¥53.0m | −CN¥13.0m | −CN¥51.0m | −CN¥54.0m | −CN¥84.0m | −CN¥4.0m |
| Free cash flow | — | — | — | CN¥71.0m | −CN¥2.0m | −CN¥29.0m | −CN¥30.0m | −CN¥1.0m |
| Total assets | CN¥4.89bn | CN¥5.11bn | CN¥2.66bn | CN¥2.41bn | CN¥2.33bn | CN¥2.31bn | CN¥2.17bn | CN¥2.11bn |
| Cash and short-term investments | — | — | — | CN¥299.5m | CN¥223.4m | CN¥304.5m | CN¥193.1m | CN¥263.4m |
| Debt | CN¥1.20bn | CN¥1.08bn | CN¥107.2m | CN¥558.1m | CN¥467.7m | CN¥629.8m | CN¥486.7m | CN¥553.0m |
| Shareholders' equity | CN¥1.29bn | CN¥1.29bn | CN¥1.27bn | CN¥1.23bn | CN¥1.19bn | CN¥1.13bn | CN¥1.09bn | CN¥1.06bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.0% | 19.8% | 17.9% | 13.6% | 20.2% | 25.2% |
| Operating margin | 9.2% | 8.1% | 4.2% | -1.8% | 4.6% | 8.4% |
| Net margin | 7.3% | 6.7% | 3.0% | -3.5% | 2.7% | 6.0% |
| Return on equity | 11.5% | 9.8% | 4.1% | -3.8% | 2.8% | 6.2% |
| Return on assets | 5.5% | 4.9% | 1.9% | -1.9% | 1.2% | 3.4% |
| Free cash flow yield | 7.9% | 4.1% | 3.0% | 3.9% | 4.2% | 3.2% |
| Revenue growth | 25.5% | 16.5% | 26.6% | 33.1% | 21.3% | 12.0% |
| Earnings growth | 36.8% | 162.1% | -208.1% | -270.4% | -45.1% | 122.6% |
| Current ratio | 1.36x | 1.62x | 1.44x | 1.54x | 1.57x | 1.30x |
| Debt to equity | 0.08x | 0.45x | 0.66x | 0.50x | 0.72x | 0.41x |
| Equity ratio | 47.7% | 50.1% | 47.0% | 50.2% | 43.6% | 55.2% |
| Interest coverage | 9.21x | 7.12x | 2.86x | -0.70x | 1.79x | 5.07x |
| R&D as a share of sales | 4.2% | 4.2% | 3.7% | 4.6% | 6.1% | 6.1% |
| Buybacks as a share of market value | -2.9% | -1.9% | 3.1% | -39.4% | 14.6% | 2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.8% | 24.5% | 21.1% |
| Operating income | — | 30.3% | 14.2% |
| Net income | — | 29.4% | 11.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.1% | 19.7% | 20.2% | 22.7% |
| Operating margin | 9.1% | 5.9% | 6.0% | 6.9% |
| Net margin | 7.0% | 4.2% | 4.2% | 5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 40.0 | 20.6 | 57.6 | -44.1 | 77.1 | 43.1 | 96.1 | 82.7 | 57.5 |
| Price to sales | 2.9 | 1.4 | 1.7 | 1.5 | 2.1 | 2.6 | 2.9 | 3.0 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.118 | 0.05 | 0.03 | 0.05 | 0.059 | 0.05 | 0.05 |
- 2-for-1 split · 9 Jun 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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