C 
China Automotive Engineering Research Institute Co 601965.SS · CNY
Consumer Discretionary · Shanghai · 🇨🇳 China
14.68
-0.94%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥4.97bn
FY2016FY2025
Net income
CN¥1.06bn
FY2016FY2025
Free cash flow
CN¥255.1m
FY2016FY2025
Shareholders' equity
CN¥7.84bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.97bn | CN¥4.70bn | CN¥4.10bn | CN¥3.29bn | CN¥3.84bn | CN¥3.42bn | CN¥2.75bn | CN¥2.76bn | CN¥2.40bn | CN¥1.65bn |
| Research and development | CN¥346.5m | CN¥277.8m | CN¥257.6m | CN¥215.9m | CN¥191.8m | CN¥165.4m | CN¥99.4m | CN¥78.7m | CN¥67.7m | CN¥42.0m |
| Operating income | CN¥1.34bn | CN¥1.14bn | CN¥1.00bn | CN¥828.0m | CN¥840.2m | CN¥673.5m | CN¥549.3m | CN¥477.5m | CN¥436.9m | CN¥364.2m |
| Net income | CN¥1.06bn | CN¥907.8m | CN¥836.2m | CN¥689.1m | CN¥691.7m | CN¥558.4m | CN¥466.9m | CN¥403.2m | CN¥375.2m | CN¥340.2m |
| Diluted earnings per share | 1.08 | 0.92 | 0.82 | 0.69 | 0.67 | 0.58 | 0.46 | 0.41 | 0.37 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.07bn | CN¥10.03bn | CN¥9.12bn | CN¥8.04bn | CN¥7.18bn | CN¥6.64bn | CN¥6.06bn | CN¥5.71bn | CN¥5.17bn | CN¥4.78bn |
| Cash and short-term investments | — | CN¥1.83bn | CN¥2.39bn | CN¥1.80bn | CN¥1.43bn | CN¥1.32bn | CN¥1.57bn | CN¥1.27bn | CN¥1.51bn | CN¥1.49bn |
| Total liabilities | CN¥4.41bn | CN¥2.58bn | CN¥2.20bn | CN¥1.84bn | CN¥1.46bn | CN¥1.42bn | CN¥1.34bn | CN¥1.23bn | CN¥905.8m | CN¥741.5m |
| Debt | CN¥1.12bn | CN¥218.2m | CN¥65.3m | CN¥41.8m | CN¥227.4m | CN¥15.6m | CN¥2.8m | CN¥2.8m | CN¥7.8m | CN¥2.8m |
| Shareholders' equity | CN¥7.84bn | CN¥7.06bn | CN¥6.58bn | CN¥5.95bn | CN¥5.48bn | CN¥5.04bn | CN¥4.70bn | CN¥4.46bn | CN¥4.25bn | CN¥4.02bn |
| Shares outstanding | 981m | 992m | 1,018m | 1,006m | 1,035m | 958m | 1,023m | 978m | 1,004m | 1,020m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.23bn | CN¥495.1m | CN¥890.5m | CN¥799.6m | CN¥708.8m | CN¥708.9m | CN¥653.2m | CN¥346.0m | CN¥565.1m | CN¥455.5m |
| Capital spending | −CN¥972.1m | −CN¥724.2m | −CN¥498.1m | −CN¥487.7m | −CN¥272.4m | −CN¥338.3m | −CN¥441.8m | −CN¥396.4m | −CN¥412.4m | −CN¥231.7m |
| Free cash flow | CN¥255.1m | −CN¥229.1m | CN¥392.4m | CN¥311.9m | CN¥436.4m | CN¥370.7m | CN¥211.4m | −CN¥50.4m | CN¥152.7m | CN¥223.8m |
| Dividends paid | −CN¥461.5m | −CN¥360.6m | −CN¥300.4m | −CN¥296.6m | −CN¥296.2m | −CN¥246.9m | −CN¥242.3m | −CN¥194.1m | −CN¥144.2m | −CN¥97.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.23bn | CN¥809.5m | CN¥1.94bn | CN¥1.11bn | CN¥1.02bn | CN¥887.3m | CN¥1.65bn | CN¥1.02bn |
| Operating income | CN¥374.3m | CN¥243.1m | CN¥487.5m | CN¥330.0m | CN¥308.3m | CN¥219.8m | CN¥293.5m | CN¥300.9m |
| Net income | CN¥262.7m | CN¥164.6m | CN¥394.0m | CN¥257.5m | CN¥230.5m | CN¥178.1m | CN¥238.0m | CN¥257.1m |
| Diluted earnings per share | 0.27 | 0.17 | 0.40 | 0.26 | 0.24 | 0.18 | 0.24 | 0.26 |
| Cash from operations | — | — | — | CN¥93.0m | CN¥130.0m | −CN¥169.0m | CN¥643.0m | −CN¥21.0m |
| Capital spending | −CN¥281.0m | −CN¥334.0m | −CN¥232.0m | −CN¥289.0m | −CN¥200.0m | −CN¥249.0m | −CN¥190.0m | −CN¥223.0m |
| Free cash flow | — | — | — | −CN¥196.0m | −CN¥70.0m | −CN¥418.0m | CN¥453.0m | −CN¥244.0m |
| Total assets | CN¥14.45bn | CN¥14.02bn | CN¥14.07bn | CN¥12.87bn | CN¥12.46bn | CN¥10.27bn | CN¥10.03bn | CN¥9.52bn |
| Cash and short-term investments | — | — | — | CN¥1.92bn | CN¥2.35bn | CN¥1.68bn | CN¥1.83bn | CN¥1.50bn |
| Debt | CN¥1.32bn | CN¥1.21bn | CN¥1.12bn | CN¥384.2m | CN¥1.05bn | CN¥407.6m | CN¥12.6m | CN¥17.5m |
| Shareholders' equity | CN¥8.03bn | CN¥8.00bn | CN¥7.84bn | CN¥7.49bn | CN¥7.23bn | CN¥7.24bn | CN¥7.06bn | CN¥6.85bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 27.1% | 24.3% | 24.4% | 25.2% | 21.9% | 19.7% |
| Net margin | 21.3% | 19.3% | 20.4% | 20.9% | 18.0% | 16.3% |
| Return on equity | 13.5% | 12.9% | 12.7% | 11.6% | 12.6% | 11.1% |
| Return on assets | 7.5% | 9.0% | 9.2% | 8.6% | 9.6% | 8.4% |
| Free cash flow yield | 17.3% | 9.5% | 10.5% | 9.9% | 7.3% | 8.4% |
| Revenue growth | 5.8% | 14.7% | 24.5% | -14.2% | 12.2% | 24.1% |
| Earnings growth | 16.8% | 8.6% | 21.3% | -0.4% | 23.9% | 19.6% |
| Current ratio | 2.63x | 2.36x | 2.49x | 2.39x | 2.45x | 2.23x |
| Debt to equity | 0.14x | 0.00x | 0.00x | 0.00x | 0.04x | 0.00x |
| Equity ratio | 55.7% | 70.4% | 72.2% | 73.9% | 76.3% | 75.9% |
| Interest coverage | 51.82x | 93.06x | 321.28x | 438.72x | 402.91x | 3565.87x |
| R&D as a share of sales | 7.0% | 5.9% | 6.3% | 6.6% | 5.0% | 4.8% |
| Buybacks as a share of market value | 1.1% | 2.6% | -1.2% | 2.8% | -8.0% | 6.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.7% | 7.8% | 15.2% |
| Operating income | 17.5% | 14.8% | 14.4% |
| Net income | 15.4% | 13.7% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 25.7% | 25.3% | 24.0% | 22.8% |
| Net margin | 20.4% | 20.5% | 19.5% | 18.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 19.3 | 26.9 | 28.3 | 27.9 | 25.4 | 18.1 | 17.2 | 22.4 | 31.9 |
| Price to sales | 3.3 | 3.7 | 5.5 | 5.9 | 5.0 | 4.2 | 3.1 | 2.5 | 3.5 | 6.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 8 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.24 | 0.34 | 0.43 | 0.30 | 0.30 | 0.30 | 0.25 | 0.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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