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Grandblue Environment Co 600323.SS · CNY

Utilities · Shanghai · 🇨🇳 China

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31.09

+0.61%

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¥13.94bn

FY2016FY2025

Net income

CN¥1.97bn

FY2016FY2025

Free cash flow

CN¥2.47bn

FY2016FY2025

Shareholders' equity

CN¥14.61bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥13.94bnCN¥11.89bnCN¥12.54bnCN¥12.88bnCN¥11.78bnCN¥7.48bnCN¥6.16bnCN¥4.85bnCN¥4.20bnCN¥3.69bn
Research and developmentCN¥92.5mCN¥73.7mCN¥81.2mCN¥91.7mCN¥128.0mCN¥110.7mCN¥67.5mCN¥55.1mCN¥60.6mCN¥45.0m
Operating incomeCN¥3.55bnCN¥2.34bnCN¥1.82bnCN¥1.64bnCN¥1.84bnCN¥1.52bnCN¥1.25bnCN¥1.14bnCN¥1.02bnCN¥814.7m
Net incomeCN¥1.97bnCN¥1.66bnCN¥1.43bnCN¥1.14bnCN¥1.16bnCN¥1.06bnCN¥912.6mCN¥873.4mCN¥652.2mCN¥508.6m
Diluted earnings per share2.422.041.741.401.461.381.191.140.850.66

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥62.22bnCN¥39.31bnCN¥35.80bnCN¥33.29bnCN¥29.28bnCN¥24.93bnCN¥21.07bnCN¥16.49bnCN¥14.11bnCN¥13.27bn
Cash and short-term investments—CN¥4.40bnCN¥1.52bnCN¥1.11bnCN¥1.31bnCN¥1.02bnCN¥992.9mCN¥1.22bnCN¥1.29bnCN¥1.17bn
Total liabilitiesCN¥43.64bnCN¥24.08bnCN¥22.96bnCN¥21.69bnCN¥18.74bnCN¥16.76bnCN¥13.94bnCN¥10.07bnCN¥8.01bnCN¥7.73bn
DebtCN¥25.85bnCN¥14.08bnCN¥12.90bnCN¥14.19bnCN¥11.26bnCN¥9.85bnCN¥7.68bnCN¥5.64bnCN¥4.47bnCN¥4.13bn
Shareholders' equityCN¥14.61bnCN¥13.40bnCN¥12.12bnCN¥10.88bnCN¥9.90bnCN¥7.56bnCN¥6.56bnCN¥5.83bnCN¥5.32bnCN¥4.82bn
Shares outstanding815m816m822m815m795m769m765m763m770m775m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥4.02bnCN¥3.27bnCN¥2.48bnCN¥422.5mCN¥878.3mCN¥1.96bnCN¥1.32bnCN¥1.65bnCN¥1.51bnCN¥1.18bn
Capital spending−CN¥1.54bn−CN¥1.67bn−CN¥2.05bn−CN¥2.39bn−CN¥2.00bn−CN¥3.56bn−CN¥3.65bn−CN¥1.90bn−CN¥1.03bn−CN¥817.9m
Free cash flowCN¥2.47bnCN¥1.61bnCN¥434.0m−CN¥1.97bn−CN¥1.13bn−CN¥1.61bn−CN¥2.33bn−CN¥247.9mCN¥478.0mCN¥360.7m
Dividends paid−CN¥1.67bn−CN¥889.7m−CN¥728.5m−CN¥179.4m−CN¥179.4m−CN¥168.6m−CN¥153.3m−CN¥384.6m−CN¥355.1m−CN¥319.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥4.08bnCN¥3.66bnCN¥4.20bnCN¥3.97bnCN¥3.16bnCN¥2.60bnCN¥3.15bnCN¥2.91bn
Operating incomeCN¥1.19bnCN¥1.17bnCN¥826.5mCN¥1.04bnCN¥769.7mCN¥535.9mCN¥310.5mCN¥636.5m
Net incomeCN¥627.3mCN¥579.0mCN¥368.2mCN¥638.0mCN¥546.8mCN¥420.1mCN¥278.6mCN¥498.1m
Diluted earnings per share0.770.710.450.780.670.520.340.61
Cash from operations———CN¥1.55bnCN¥624.0mCN¥596.0m—CN¥402.0m
Capital spending−CN¥311.0m−CN¥580.0m−CN¥235.0m−CN¥425.0m−CN¥510.0m−CN¥372.0m−CN¥393.0m−CN¥173.0m
Free cash flow———CN¥1.12bnCN¥114.0mCN¥224.0m—CN¥229.0m
Total assetsCN¥63.50bnCN¥62.24bnCN¥62.22bnCN¥62.63bnCN¥63.44bnCN¥40.57bnCN¥39.31bnCN¥37.47bn
Cash and short-term investments———CN¥3.32bnCN¥4.01bnCN¥5.95bnCN¥4.40bnCN¥1.69bn
DebtCN¥26.86bnCN¥3.03bnCN¥25.85bnCN¥6.97bnCN¥31.10bnCN¥13.61bnCN¥14.01bnCN¥14.22bn
Shareholders' equityCN¥15.18bnCN¥15.21bnCN¥14.61bnCN¥14.21bnCN¥13.78bnCN¥13.83bnCN¥13.40bnCN¥13.12bn

Financial ratios

Data as of 25 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin25.5%19.7%14.5%12.7%15.6%20.3%
Net margin14.2%14.0%11.4%8.9%9.9%14.1%
Return on equity13.5%12.4%11.8%10.5%11.7%14.0%
Return on assets3.2%4.2%4.0%3.4%4.0%4.2%
Free cash flow yield23.8%21.1%19.2%12.0%12.6%25.0%
Revenue growth17.3%-5.2%-2.6%9.3%57.4%21.5%
Earnings growth18.6%16.4%25.2%-1.9%10.0%15.9%
Current ratio0.93x1.05x0.79x0.65x0.64x0.48x
Debt to equity1.77x1.05x1.06x1.29x1.00x1.23x
Equity ratio23.5%34.1%33.9%32.7%33.8%30.3%
Interest coverage4.28x4.36x3.50x3.25x3.87x4.48x
R&D as a share of sales0.7%0.6%0.6%0.7%1.1%1.5%
Buybacks as a share of market value0.0%0.7%-0.8%-2.5%-3.4%-0.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.7%13.2%15.3%
Operating income29.4%18.5%21.7%
Net income20.0%13.3%17.2%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin22.8%18.3%18.0%18.8%
Net margin14.1%12.1%12.0%12.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings11.811.610.013.214.318.014.712.318.821.9
Price to sales1.71.61.11.21.42.52.22.22.93.0

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 31 Oct 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year1.050.480.220.220.220.220.200.20
  • 3-for-2 split · 10 Apr 2012
  • 6-for-5 split · 1 Jul 2011
  • 13-for-10 split · 30 May 2008
  • 1-to-1 reverse split · 23 May 2006

Sources and methodology

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

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