G 
Guangzhou Wahlap Technology Corp 301011.SZ · CNY
Consumer Discretionary · Shenzhen · 🇨🇳 China
13.98
-0.36%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥997.3m
FY2016FY2025
Net income
CN¥69.0m
FY2016FY2025
Free cash flow
−CN¥66.8m
FY2016FY2025
Shareholders' equity
CN¥958.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥997.3m | CN¥1.02bn | CN¥816.3m | CN¥604.8m | CN¥627.0m | CN¥424.9m | CN¥498.2m | CN¥448.2m | CN¥386.6m | CN¥313.2m |
| Gross profit | CN¥298.7m | CN¥276.6m | CN¥221.4m | CN¥132.3m | CN¥170.9m | CN¥117.5m | CN¥154.6m | CN¥139.2m | CN¥119.4m | CN¥83.9m |
| Research and development | CN¥41.6m | CN¥31.3m | CN¥27.3m | CN¥24.0m | CN¥17.2m | CN¥12.2m | CN¥15.0m | CN¥23.0m | CN¥19.5m | — |
| Operating income | CN¥91.7m | CN¥108.6m | CN¥69.8m | −CN¥70.9m | CN¥71.6m | CN¥58.0m | CN¥66.5m | CN¥36.5m | CN¥40.4m | CN¥30.4m |
| Net income | CN¥69.0m | CN¥84.7m | CN¥52.0m | −CN¥71.2m | CN¥52.5m | CN¥46.1m | CN¥59.8m | CN¥31.4m | CN¥35.7m | CN¥29.3m |
| Diluted earnings per share | 0.48 | 0.61 | 0.35 | -0.54 | 0.36 | 0.42 | 0.46 | 0.22 | 0.62 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.55bn | CN¥1.31bn | CN¥1.16bn | CN¥1.15bn | CN¥1.21bn | CN¥871.4m | CN¥737.8m | CN¥550.5m | CN¥480.1m | CN¥373.1m |
| Cash and short-term investments | — | CN¥168.7m | CN¥159.1m | CN¥78.2m | CN¥124.7m | CN¥45.8m | CN¥48.9m | CN¥22.2m | CN¥77.9m | CN¥43.2m |
| Total liabilities | CN¥594.6m | CN¥557.3m | CN¥468.5m | CN¥515.8m | CN¥490.6m | CN¥455.6m | CN¥365.6m | CN¥238.7m | CN¥217.9m | CN¥207.5m |
| Debt | — | CN¥135.7m | CN¥91.6m | CN¥240.0m | CN¥199.0m | CN¥161.1m | CN¥161.1m | CN¥53.6m | CN¥62.3m | CN¥61.9m |
| Shareholders' equity | CN¥958.3m | CN¥749.2m | CN¥690.6m | CN¥637.6m | CN¥722.7m | CN¥406.0m | CN¥372.1m | CN¥311.8m | CN¥262.2m | CN¥161.4m |
| Shares outstanding | 145m | 140m | 147m | 133m | 145m | 110m | 129m | 145m | 57m | 57m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥102.8m | CN¥214.3m | CN¥251.6m | CN¥19.8m | CN¥44.8m | CN¥41.3m | CN¥115.0m | CN¥44.0m | −CN¥5.0m | CN¥80.3m |
| Capital spending | −CN¥169.6m | −CN¥90.4m | −CN¥48.8m | −CN¥76.3m | −CN¥103.3m | −CN¥52.3m | −CN¥155.8m | −CN¥72.5m | −CN¥35.6m | −CN¥42.0m |
| Free cash flow | −CN¥66.8m | CN¥123.8m | CN¥202.8m | −CN¥56.6m | −CN¥58.5m | −CN¥11.0m | −CN¥40.9m | −CN¥28.5m | −CN¥40.7m | CN¥38.3m |
| Dividends paid | −CN¥31.1m | −CN¥31.7m | −CN¥5.6m | −CN¥22.6m | −CN¥8.2m | −CN¥10.6m | −CN¥6.6m | −CN¥3.0m | −CN¥3.2m | −CN¥4.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥180.8m | CN¥153.1m | CN¥255.3m | CN¥261.0m | CN¥296.0m | CN¥185.0m | CN¥265.4m | CN¥290.1m |
| Gross profit | CN¥33.6m | CN¥29.8m | CN¥72.6m | CN¥86.4m | CN¥87.6m | CN¥52.1m | CN¥46.9m | CN¥101.0m |
| Operating income | −CN¥9.4m | −CN¥10.0m | CN¥29.0m | CN¥34.3m | CN¥30.5m | CN¥14.6m | CN¥15.6m | CN¥39.9m |
| Net income | −CN¥98.4m | −CN¥10.5m | CN¥2.2m | CN¥31.9m | CN¥23.5m | CN¥11.4m | CN¥15.0m | CN¥33.6m |
| Diluted earnings per share | -0.68 | -0.07 | 0.01 | 0.22 | 0.16 | 0.08 | 0.11 | 0.24 |
| Cash from operations | — | — | — | CN¥41.0m | CN¥115.0m | −CN¥64.0m | CN¥45.0m | CN¥106.0m |
| Capital spending | −CN¥16.0m | −CN¥23.0m | −CN¥37.0m | −CN¥32.0m | −CN¥77.0m | −CN¥21.0m | −CN¥26.0m | −CN¥32.0m |
| Free cash flow | — | — | — | CN¥9.0m | CN¥38.0m | −CN¥85.0m | CN¥19.0m | CN¥74.0m |
| Total assets | CN¥1.39bn | CN¥1.53bn | CN¥1.55bn | CN¥1.50bn | CN¥1.31bn | CN¥1.30bn | CN¥1.31bn | CN¥1.30bn |
| Cash and short-term investments | — | — | — | CN¥261.7m | CN¥130.0m | CN¥120.7m | CN¥168.7m | CN¥180.7m |
| Debt | — | — | — | CN¥154.8m | CN¥100.1m | CN¥89.3m | CN¥40.0m | CN¥40.0m |
| Shareholders' equity | CN¥828.1m | CN¥950.8m | CN¥958.3m | CN¥937.1m | CN¥756.7m | CN¥762.0m | CN¥749.2m | CN¥731.0m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 29.9% | 27.2% | 27.1% | 21.9% | 27.3% | 27.7% | — |
| Operating margin | 9.1% | 10.7% | 10.1% | -9.5% | 11.7% | 13.0% | — |
| Net margin | 6.9% | 8.3% | 6.4% | -11.8% | 8.4% | 10.8% | — |
| Return on equity | 7.2% | 11.3% | 7.5% | -11.2% | 7.3% | 11.3% | — |
| Return on assets | 4.4% | 6.5% | 4.5% | -6.2% | 4.3% | 5.3% | — |
| Free cash flow yield | 12.1% | 14.0% | 13.1% | 4.6% | 6.5% | 5.4% | — |
| Revenue growth | -2.0% | 24.6% | 35.0% | -3.5% | 47.6% | -14.7% | — |
| Earnings growth | -18.4% | 62.9% | -173.0% | -235.6% | 14.1% | -22.9% | — |
| Current ratio | 1.87x | 1.71x | 1.79x | 1.64x | 1.93x | 1.23x | — |
| Debt to equity | — | 0.05x | 0.05x | 0.29x | 0.17x | 0.40x | 0.43x |
| Equity ratio | 61.7% | 57.3% | 59.6% | 55.3% | 59.6% | 46.6% | — |
| Interest coverage | 10.63x | 11.01x | 6.07x | -4.41x | 4.64x | 6.08x | — |
| R&D as a share of sales | 4.2% | 3.1% | 3.3% | 4.0% | 2.8% | 2.9% | — |
| Buybacks as a share of market value | -3.7% | 5.0% | -10.5% | 8.4% | -31.8% | 14.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.1% | 18.6% | 15.4% |
| Operating income | — | 9.6% | 23.2% |
| Net income | — | 8.4% | 23.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.6% | 27.0% | 27.1% | 28.0% |
| Operating margin | 9.9% | 5.8% | 7.3% | 8.1% |
| Net margin | 7.6% | 3.9% | 5.2% | 6.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 53.8 | 42.3 | 66.1 | -40.1 | 98.4 |
| Price to sales | 3.7 | 3.5 | 4.2 | 4.7 | 8.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 17 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.15 | 0.20 | 0.20 | 0.154 |
- 13-for-10 split · 30 May 2023
- 13-for-10 split · 11 Aug 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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