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Advanced Fiber Resources Zhuhai 300620.SZ · CNY
Information Technology · Shenzhen · 🇨🇳 China
174.93
+0.32%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.47bn
FY2016FY2025
Net income
CN¥176.7m
FY2016FY2025
Free cash flow
CN¥120.7m
FY2016FY2025
Shareholders' equity
CN¥2.17bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.47bn | CN¥998.9m | CN¥709.9m | CN¥642.4m | CN¥667.8m | CN¥491.6m | CN¥390.8m | CN¥289.3m | CN¥230.3m | CN¥176.4m |
| Gross profit | CN¥458.9m | CN¥321.4m | CN¥240.5m | CN¥234.1m | CN¥277.8m | CN¥212.0m | CN¥163.5m | CN¥134.1m | CN¥107.2m | CN¥86.4m |
| Research and development | CN¥133.9m | CN¥141.5m | CN¥123.9m | CN¥63.5m | CN¥53.2m | CN¥49.4m | CN¥37.8m | CN¥26.9m | CN¥20.7m | CN¥17.2m |
| Operating income | CN¥148.2m | CN¥60.2m | CN¥48.9m | CN¥110.3m | CN¥144.4m | CN¥63.0m | CN¥66.6m | CN¥92.9m | CN¥69.0m | CN¥50.1m |
| Net income | CN¥176.7m | CN¥67.0m | CN¥59.6m | CN¥117.8m | CN¥130.8m | CN¥59.2m | CN¥57.5m | CN¥79.9m | CN¥59.9m | CN¥49.6m |
| Diluted earnings per share | 0.70 | 0.27 | 0.24 | 0.48 | 0.52 | 0.16 | 0.28 | 0.39 | 0.30 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.72bn | CN¥2.95bn | CN¥2.00bn | CN¥1.96bn | CN¥1.77bn | CN¥1.64bn | CN¥860.6m | CN¥821.1m | CN¥565.1m | CN¥243.2m |
| Cash and short-term investments | CN¥1.24bn | CN¥947.9m | CN¥600.3m | CN¥565.4m | CN¥771.8m | CN¥894.6m | CN¥335.5m | CN¥360.4m | CN¥375.3m | CN¥132.0m |
| Total liabilities | CN¥1.36bn | CN¥990.1m | CN¥297.4m | CN¥311.8m | CN¥234.3m | CN¥236.3m | CN¥220.0m | CN¥265.5m | CN¥86.1m | CN¥43.7m |
| Debt | — | CN¥540.0m | CN¥37.4m | CN¥26.2m | CN¥26.2m | — | — | — | — | — |
| Shareholders' equity | CN¥2.17bn | CN¥1.93bn | CN¥1.70bn | CN¥1.65bn | CN¥1.53bn | CN¥1.40bn | CN¥634.8m | CN¥551.5m | CN¥476.4m | CN¥197.2m |
| Shares outstanding | 253m | 249m | 245m | 246m | 252m | 367m | 203m | 203m | 198m | 148m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥233.5m | CN¥187.1m | CN¥111.8m | CN¥62.2m | CN¥86.3m | CN¥57.0m | CN¥74.2m | CN¥29.3m | CN¥47.1m | CN¥42.1m |
| Capital spending | −CN¥112.7m | −CN¥152.1m | −CN¥238.0m | −CN¥260.3m | −CN¥166.8m | −CN¥158.4m | −CN¥65.3m | −CN¥59.8m | −CN¥45.2m | −CN¥8.4m |
| Free cash flow | CN¥120.7m | CN¥35.0m | −CN¥126.2m | −CN¥198.2m | −CN¥80.4m | −CN¥101.4m | CN¥8.9m | −CN¥30.4m | CN¥1.9m | CN¥33.7m |
| Dividends paid | −CN¥24.9m | −CN¥30.8m | −CN¥32.8m | −CN¥32.8m | −CN¥21.7m | −CN¥18.1m | −CN¥18.1m | −CN¥17.6m | −CN¥17.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥605.2m | CN¥426.5m | CN¥475.6m | CN¥401.8m | CN¥331.4m | CN¥265.2m | CN¥259.9m | CN¥317.5m |
| Gross profit | CN¥243.8m | CN¥156.2m | CN¥175.1m | CN¥139.1m | CN¥110.9m | CN¥71.4m | CN¥56.2m | CN¥117.7m |
| Operating income | CN¥149.8m | CN¥70.0m | CN¥74.4m | CN¥44.7m | CN¥38.4m | CN¥6.4m | CN¥5.2m | CN¥34.8m |
| Net income | CN¥103.7m | CN¥44.7m | CN¥61.4m | CN¥63.4m | CN¥41.0m | CN¥10.8m | CN¥11.2m | CN¥25.5m |
| Diluted earnings per share | 0.41 | 0.18 | 0.24 | 0.25 | 0.16 | 0.04 | 0.04 | 0.10 |
| Cash from operations | — | — | CN¥167.0m | CN¥55.0m | CN¥31.0m | −CN¥21.0m | CN¥39.0m | CN¥6.0m |
| Capital spending | −CN¥51.0m | −CN¥38.0m | −CN¥30.0m | −CN¥25.0m | −CN¥25.0m | −CN¥31.0m | −CN¥26.0m | −CN¥35.0m |
| Free cash flow | — | — | CN¥137.0m | CN¥30.0m | CN¥6.0m | −CN¥52.0m | CN¥13.0m | −CN¥29.0m |
| Total assets | CN¥4.27bn | CN¥3.87bn | CN¥3.72bn | CN¥3.58bn | CN¥3.32bn | CN¥3.14bn | CN¥2.95bn | CN¥2.77bn |
| Cash and short-term investments | — | — | CN¥1.24bn | CN¥1.12bn | CN¥1.08bn | CN¥1.04bn | CN¥947.9m | CN¥719.6m |
| Debt | CN¥450.5m | CN¥403.8m | CN¥938.6m | CN¥517.7m | CN¥688.0m | CN¥634.1m | CN¥485.3m | CN¥304.4m |
| Shareholders' equity | CN¥2.26bn | CN¥2.20bn | CN¥2.17bn | CN¥2.08bn | CN¥2.00bn | CN¥1.95bn | CN¥1.93bn | CN¥1.92bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.3% | 32.2% | 33.9% | 36.4% | 41.6% | 43.1% |
| Operating margin | 10.1% | 6.0% | 6.9% | 17.2% | 21.6% | 12.8% |
| Net margin | 12.1% | 6.7% | 8.4% | 18.3% | 19.6% | 12.0% |
| Return on equity | 8.1% | 3.5% | 3.5% | 7.1% | 8.5% | 4.2% |
| Return on assets | 4.7% | 2.3% | 3.0% | 6.0% | 7.4% | 3.6% |
| Free cash flow yield | 0.5% | 0.5% | 0.5% | 0.4% | 0.3% | 0.2% |
| Revenue growth | 46.8% | 40.7% | 10.5% | -3.8% | 35.8% | 25.8% |
| Earnings growth | 163.8% | 12.3% | -49.4% | -9.9% | 120.9% | 3.0% |
| Current ratio | 2.48x | 2.51x | 4.97x | 4.72x | 7.00x | 6.55x |
| Debt to equity | 0.43x | 0.25x | 0.00x | 0.00x | 0.00x | 0.03x |
| Equity ratio | 58.3% | 65.2% | 85.1% | 84.1% | 86.7% | 85.6% |
| Interest coverage | 6.95x | 6.42x | 27.96x | 55.60x | 82.32x | 101.89x |
| R&D as a share of sales | 9.1% | 14.2% | 17.5% | 9.9% | 8.0% | 10.0% |
| Buybacks as a share of market value | -1.5% | -1.5% | 0.3% | 2.4% | 31.3% | -80.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.7% | 24.4% | 26.7% |
| Operating income | 10.3% | 18.6% | 16.4% |
| Net income | 14.5% | 24.4% | 19.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.7% | 32.9% | 35.1% | 37.2% |
| Operating margin | 8.5% | 9.6% | 11.6% | 14.3% |
| Net margin | 9.9% | 11.0% | 12.3% | 14.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 210.4 | 180.7 | 186.4 | 52.6 | 66.2 | 114.2 | 62.0 | 49.7 | 59.0 |
| Price to sales | 25.4 | 12.1 | 15.7 | 9.7 | 13.0 | 13.8 | 9.1 | 13.7 | 15.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 12 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.10 | 0.10 | 0.20 | 0.133 | 0.089 | 0.089 | 0.089 |
- 3-for-2 split · 18 May 2023
- 3-for-2 split · 1 Nov 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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