T 
Tongyi Carbon Neutral Technology Xinjiang Co 600506.SS · CNY
Consumer Staples · Shanghai · 🇨🇳 China
17.85
+2.29%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.41bn
FY2016FY2025
Net income
CN¥13.1m
FY2016FY2025
Free cash flow
CN¥277.7m
FY2016FY2025
Shareholders' equity
CN¥443.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.41bn | CN¥2.31bn | CN¥2.24bn | CN¥2.01bn | CN¥349.5m | CN¥118.6m | CN¥22.0m | CN¥42.6m | CN¥65.3m | CN¥65.0m |
| Gross profit | CN¥486.8m | CN¥464.0m | CN¥365.5m | CN¥295.1m | CN¥24.6m | CN¥2.3m | −CN¥304,014 | CN¥1.6m | CN¥3.2m | CN¥2.0m |
| Research and development | CN¥47.6m | CN¥44.6m | CN¥17.8m | CN¥24.9m | CN¥772,881 | — | — | — | — | — |
| Operating income | CN¥77.9m | CN¥100.2m | −CN¥63.9m | −CN¥234.7m | −CN¥36.3m | CN¥11.2m | −CN¥9.3m | CN¥4.7m | CN¥5.0m | −CN¥8.0m |
| Net income | CN¥13.1m | CN¥31.4m | −CN¥49.0m | −CN¥84.2m | −CN¥35.9m | CN¥4.5m | −CN¥7.7m | CN¥4.5m | CN¥5.1m | −CN¥8.6m |
| Diluted earnings per share | 0.07 | 0.16 | -0.26 | -0.54 | -0.24 | 0.03 | -0.05 | 0.03 | 0.03 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.88bn | CN¥1.95bn | CN¥2.12bn | CN¥2.51bn | CN¥3.65bn | CN¥300.4m | CN¥293.1m | CN¥299.5m | CN¥295.1m | CN¥288.8m |
| Cash and short-term investments | — | CN¥203.4m | CN¥290.6m | CN¥533.3m | CN¥1.43bn | CN¥88.8m | CN¥87.3m | CN¥91.4m | CN¥62.3m | CN¥67.9m |
| Total liabilities | CN¥1.05bn | CN¥1.51bn | CN¥1.72bn | CN¥2.06bn | CN¥3.40bn | CN¥21.8m | CN¥19.1m | CN¥17.7m | CN¥17.8m | CN¥15.6m |
| Debt | CN¥128.9m | CN¥804.9m | CN¥1.19bn | CN¥1.52bn | CN¥908.4m | — | — | — | — | — |
| Shareholders' equity | CN¥443.6m | CN¥443.7m | CN¥401.5m | CN¥450.5m | CN¥242.6m | CN¥278.5m | CN¥274.1m | CN¥281.8m | CN¥277.3m | CN¥273.2m |
| Shares outstanding | 192m | 192m | 192m | 156m | 150m | 148m | 145m | 142m | 154m | 152m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥343.8m | CN¥427.9m | CN¥358.0m | CN¥72.6m | −CN¥8.0m | −CN¥5.5m | −CN¥4.3m | CN¥14.7m | CN¥3.8m | −CN¥21.7m |
| Capital spending | −CN¥66.1m | −CN¥16.6m | −CN¥15.1m | −CN¥8.3m | −CN¥4.6m | −CN¥33.6m | −CN¥1.8m | −CN¥856,983 | −CN¥28.0m | −CN¥422,145 |
| Free cash flow | CN¥277.7m | CN¥411.3m | CN¥342.9m | CN¥64.3m | −CN¥12.6m | −CN¥39.1m | −CN¥6.1m | CN¥13.9m | −CN¥24.2m | −CN¥22.1m |
| Dividends paid | −CN¥24.1m | −CN¥57.1m | −CN¥68.1m | −CN¥82.1m | −CN¥1.1m | −CN¥1.1m | −CN¥1.1m | −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¥938.9m | CN¥878.7m | CN¥495.2m | CN¥583.4m | CN¥585.9m | CN¥746.5m | CN¥485.2m | CN¥559.8m |
| Gross profit | CN¥146.8m | CN¥197.9m | CN¥89.3m | CN¥128.6m | CN¥106.6m | CN¥162.3m | CN¥106.9m | CN¥116.1m |
| Operating income | CN¥18.0m | CN¥96.6m | −CN¥23.9m | CN¥22.6m | −CN¥9.3m | CN¥50.2m | CN¥15.5m | CN¥21.4m |
| Net income | CN¥6.3m | CN¥63.1m | −CN¥36.1m | CN¥15.7m | −CN¥7.8m | CN¥41.4m | CN¥4.7m | CN¥4.0m |
| Diluted earnings per share | 0.03 | 0.33 | -0.19 | 0.08 | -0.04 | 0.22 | 0.02 | 0.02 |
| Cash from operations | — | — | — | CN¥120.0m | −CN¥42.0m | CN¥225.0m | CN¥127.0m | CN¥140.0m |
| Capital spending | −CN¥4.0m | −CN¥3.0m | −CN¥7.0m | −CN¥4.0m | −CN¥4.0m | −CN¥49.0m | −CN¥3.0m | −CN¥3.0m |
| Free cash flow | — | — | — | CN¥116.0m | −CN¥46.0m | CN¥176.0m | CN¥124.0m | CN¥137.0m |
| Total assets | CN¥2.35bn | CN¥2.22bn | CN¥1.88bn | CN¥2.12bn | CN¥2.15bn | CN¥2.27bn | CN¥1.95bn | CN¥2.09bn |
| Cash and short-term investments | — | — | — | CN¥143.2m | CN¥193.3m | CN¥333.7m | CN¥203.4m | CN¥141.2m |
| Debt | CN¥128.9m | CN¥128.9m | CN¥128.9m | CN¥355.4m | CN¥626.5m | CN¥922.9m | CN¥802.4m | CN¥904.0m |
| Shareholders' equity | CN¥506.2m | CN¥506.7m | CN¥443.6m | CN¥479.7m | CN¥464.1m | CN¥485.1m | CN¥443.7m | CN¥428.2m |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 20.2% | 20.1% | 16.3% | 14.7% | 7.0% | 1.9% | — |
| Operating margin | 1.8% | 4.4% | 0.5% | -1.1% | -9.2% | 9.5% | — |
| Net margin | 0.5% | 1.4% | -2.2% | -4.2% | -10.3% | 3.8% | — |
| Return on equity | 2.9% | 7.1% | -12.2% | -18.7% | -14.8% | 1.6% | — |
| Return on assets | 0.7% | 1.6% | -2.3% | -3.4% | -1.0% | 1.5% | — |
| Free cash flow yield | 13.8% | 15.0% | 12.6% | 3.4% | -0.1% | 1.2% | — |
| Revenue growth | 4.2% | 3.3% | 11.4% | 475.2% | 194.8% | 438.3% | — |
| Earnings growth | -58.3% | -164.1% | -41.8% | 134.4% | -906.7% | -157.7% | — |
| Current ratio | 0.68x | 0.62x | 0.70x | 1.40x | 1.05x | 13.01x | — |
| Debt to equity | 0.29x | 1.81x | 2.83x | 2.19x | 3.57x | 0.00x | — |
| Equity ratio | 23.7% | 22.7% | 18.9% | 17.9% | 6.7% | 92.7% | — |
| Interest coverage | 1.54x | 1.68x | 0.16x | -0.23x | -8.13x | 383.99x | — |
| R&D as a share of sales | 2.0% | 1.9% | 0.8% | 1.2% | 0.2% | — | 0.2% |
| Buybacks as a share of market value | -0.2% | 0.1% | -22.8% | -4.3% | -1.2% | -2.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.2% | 82.7% | 46.0% |
| Operating income | — | 47.5% | — |
| Net income | — | 24.0% | 14.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.1% | 18.0% | 17.4% | 17.0% |
| Operating margin | 3.8% | -1.3% | -1.5% | -1.8% |
| Net margin | 0.9% | -1.0% | -1.3% | -1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 296.0 | 96.8 | -54.8 | -17.4 | -35.9 | 258.0 | -147.0 | 240.0 | 318.3 | -472.2 |
| Price to sales | 1.6 | 1.3 | 1.2 | 0.7 | 3.7 | 9.7 | 51.5 | 25.5 | 24.7 | 62.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jun 2002.
| FY2002 | |
|---|---|
| Paid in the year | 0.06 |
- 1-to-1 reverse split · 18 Jul 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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