Y 
Yinchuan Xinhua Commercial Group Co 600785.SS · CNY
Consumer Discretionary · Shanghai · 🇨🇳 China
11.63
+2.11%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥5.97bn
FY2016FY2025
Net income
CN¥74.5m
FY2016FY2025
Free cash flow
CN¥765.7m
FY2016FY2025
Shareholders' equity
CN¥2.24bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.97bn | CN¥6.12bn | CN¥6.07bn | CN¥5.88bn | CN¥5.71bn | CN¥5.69bn | CN¥7.67bn | CN¥7.63bn | CN¥7.44bn | CN¥7.05bn |
| Gross profit | CN¥1.49bn | CN¥1.62bn | CN¥1.61bn | CN¥1.48bn | CN¥1.67bn | CN¥1.52bn | CN¥1.67bn | CN¥1.59bn | CN¥1.48bn | CN¥1.42bn |
| Operating income | CN¥264.5m | CN¥168.2m | CN¥143.9m | CN¥88.7m | CN¥68.3m | CN¥134.2m | CN¥249.4m | CN¥214.3m | CN¥201.5m | CN¥143.8m |
| Net income | CN¥74.5m | CN¥134.9m | CN¥136.1m | CN¥93.5m | CN¥51.5m | CN¥43.3m | CN¥182.1m | CN¥137.3m | CN¥107.0m | CN¥63.0m |
| Diluted earnings per share | 0.34 | 0.62 | 0.60 | 0.39 | 0.24 | 0.19 | 0.82 | 0.61 | 0.46 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.28bn | CN¥8.33bn | CN¥8.79bn | CN¥8.15bn | CN¥8.18bn | CN¥6.23bn | CN¥6.06bn | CN¥4.94bn | CN¥4.56bn | CN¥4.45bn |
| Cash and short-term investments | — | CN¥429.7m | CN¥446.9m | CN¥454.7m | CN¥413.2m | CN¥847.1m | CN¥783.3m | CN¥593.8m | CN¥639.2m | CN¥458.5m |
| Total liabilities | CN¥6.32bn | CN¥6.34bn | CN¥6.87bn | CN¥6.31bn | CN¥6.41bn | CN¥4.00bn | CN¥3.81bn | CN¥2.91bn | CN¥2.64bn | CN¥2.58bn |
| Debt | CN¥53.4m | CN¥2.74bn | CN¥3.22bn | CN¥3.62bn | CN¥3.91bn | CN¥1.36bn | CN¥1.26bn | CN¥772.5m | CN¥262.7m | CN¥419.2m |
| Shareholders' equity | CN¥2.24bn | CN¥2.25bn | CN¥2.16bn | CN¥2.05bn | CN¥1.95bn | CN¥2.37bn | CN¥2.37bn | CN¥2.13bn | CN¥1.99bn | CN¥1.92bn |
| Shares outstanding | 219m | 219m | 228m | 240m | 211m | 231m | 222m | 224m | 233m | 222m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥925.4m | CN¥846.6m | CN¥928.1m | CN¥723.8m | CN¥758.6m | CN¥413.0m | CN¥175.7m | CN¥318.1m | CN¥394.6m | CN¥172.2m |
| Capital spending | −CN¥159.8m | −CN¥283.9m | −CN¥356.2m | −CN¥308.9m | −CN¥306.5m | −CN¥347.9m | −CN¥634.7m | −CN¥740.8m | −CN¥129.4m | −CN¥233.7m |
| Free cash flow | CN¥765.7m | CN¥562.7m | CN¥571.9m | CN¥414.9m | CN¥452.1m | CN¥65.1m | −CN¥459.0m | −CN¥422.7m | CN¥265.2m | −CN¥61.5m |
| Dividends paid | −CN¥104.0m | −CN¥73.6m | −CN¥53.3m | −CN¥31.6m | −CN¥35.9m | −CN¥45.1m | −CN¥41.0m | −CN¥24.3m | −CN¥52.6m | −CN¥24.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.39bn | CN¥1.88bn | CN¥1.27bn | CN¥1.45bn | CN¥1.40bn | CN¥1.85bn | CN¥1.36bn | CN¥1.47bn |
| Gross profit | CN¥336.2m | CN¥443.2m | CN¥311.1m | CN¥384.8m | CN¥340.7m | CN¥457.5m | CN¥362.2m | CN¥390.1m |
| Operating income | CN¥51.3m | CN¥124.2m | CN¥44.1m | CN¥20.0m | CN¥23.5m | CN¥128.3m | CN¥38.7m | CN¥31.5m |
| Net income | CN¥3.5m | CN¥65.0m | −CN¥33.0m | CN¥21.5m | CN¥6.0m | CN¥80.0m | CN¥26.0m | CN¥20.7m |
| Diluted earnings per share | 0.02 | 0.30 | -0.15 | 0.10 | 0.03 | 0.36 | 0.12 | 0.09 |
| Cash from operations | — | — | — | CN¥344.0m | CN¥220.0m | CN¥411.0m | CN¥240.0m | CN¥335.0m |
| Capital spending | −CN¥44.0m | −CN¥68.0m | −CN¥58.0m | −CN¥36.0m | −CN¥16.0m | −CN¥48.0m | −CN¥46.0m | −CN¥50.0m |
| Free cash flow | — | — | — | CN¥308.0m | CN¥204.0m | CN¥363.0m | CN¥194.0m | CN¥285.0m |
| Total assets | CN¥7.79bn | CN¥8.50bn | CN¥8.28bn | CN¥8.48bn | CN¥7.82bn | CN¥8.31bn | CN¥8.33bn | CN¥8.32bn |
| Cash and short-term investments | — | — | — | CN¥836.7m | CN¥773.2m | CN¥802.5m | CN¥429.7m | CN¥454.4m |
| Debt | CN¥46.9m | CN¥53.4m | CN¥53.4m | CN¥1.47bn | CN¥756.8m | CN¥758.1m | CN¥674.2m | CN¥718.5m |
| Shareholders' equity | CN¥2.29bn | CN¥2.31bn | CN¥2.24bn | CN¥2.30bn | CN¥2.28bn | CN¥2.33bn | CN¥2.25bn | CN¥2.22bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.0% | 26.5% | 26.5% | 25.1% | 29.2% | 26.7% |
| Operating margin | 4.0% | 5.5% | 2.6% | 4.1% | 4.2% | 2.4% |
| Net margin | 1.2% | 2.2% | 2.2% | 1.6% | 0.9% | 0.8% |
| Return on equity | 3.3% | 6.0% | 6.3% | 4.6% | 2.6% | 1.8% |
| Return on assets | 0.9% | 1.6% | 1.5% | 1.1% | 0.6% | 0.7% |
| Free cash flow yield | 44.7% | 46.7% | 50.9% | 38.8% | 45.7% | 29.7% |
| Revenue growth | -2.4% | 0.8% | 3.1% | 3.1% | 0.2% | -25.7% |
| Earnings growth | -44.8% | -0.9% | 45.6% | 81.7% | 18.9% | -76.2% |
| Current ratio | 0.50x | 0.51x | 0.52x | 0.57x | 0.48x | 0.60x |
| Debt to equity | 0.02x | 0.30x | 0.36x | 0.53x | 0.52x | 0.57x |
| Equity ratio | 27.1% | 27.0% | 24.6% | 25.1% | 23.8% | 38.0% |
| Interest coverage | 1.65x | 1.77x | 0.80x | 1.18x | 1.05x | 1.48x |
| Buybacks as a share of market value | -0.3% | 4.0% | 5.2% | -14.1% | 9.0% | -4.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.5% | 1.0% | -2.1% |
| Operating income | 44.0% | 14.5% | 4.5% |
| Net income | -7.3% | 11.5% | -5.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.8% | 25.8% | 26.5% | 23.5% |
| Operating margin | 3.6% | 2.8% | 2.4% | 2.5% |
| Net margin | 1.7% | 1.8% | 1.5% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.5 | 15.1 | 17.7 | 34.0 | 38.3 | 48.3 | 13.1 | 19.0 | 32.7 | 67.1 |
| Price to sales | 0.4 | 0.3 | 0.4 | 0.5 | 0.3 | 0.4 | 0.3 | 0.3 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 21 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2020 | FY2017 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.143 | 0.071 | 0.143 | 0.125 | 0.214 | 0.214 | 0.214 |
- 6-for-5 split · 19 May 2010
- 7-for-5 split · 19 Sept 2008
- 6-for-5 split · 1 Sept 2006
- 3-for-2 split · 25 Mar 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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