GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
K

Kehua Holdings Co 603161.SS · CNY

Consumer Discretionary · Shanghai · 🇨🇳 China

Compare

13.16

+1.08%

Close of 9 Nov 2026, in CNY

Search any instrument

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¥2.24bn

FY2016FY2025

Net income

CN¥97.5m

FY2016FY2025

Free cash flow

CN¥481.0m

FY2016FY2025

Shareholders' equity

CN¥1.51bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥2.24bnCN¥2.37bnCN¥2.61bnCN¥2.26bnCN¥1.90bnCN¥1.62bnCN¥1.62bnCN¥1.38bnCN¥916.9mCN¥734.9m
Gross profitCN¥516.8mCN¥339.4mCN¥418.4mCN¥281.7mCN¥207.1mCN¥234.1mCN¥277.5mCN¥323.0mCN¥285.0mCN¥252.7m
Research and developmentCN¥75.5mCN¥80.6mCN¥99.1mCN¥75.9mCN¥66.6mCN¥60.0mCN¥62.5mCN¥58.6mCN¥59.6mCN¥56.9m
Operating incomeCN¥136.5mCN¥160.8mCN¥137.0mCN¥5.5mCN¥10.8mCN¥21.6mCN¥93.2mCN¥120.9mCN¥130.2mCN¥128.1m
Net incomeCN¥97.5mCN¥105.1mCN¥123.2mCN¥19.5m−CN¥46.8mCN¥20.9mCN¥82.4mCN¥104.6mCN¥106.6mCN¥100.3m
Diluted earnings per share0.560.570.630.11-0.250.140.430.550.750.70

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥2.86bnCN¥3.12bnCN¥3.55bnCN¥3.82bnCN¥4.00bnCN¥3.99bnCN¥3.39bnCN¥3.30bnCN¥2.10bnCN¥1.38bn
Cash and short-term investments—CN¥185.9mCN¥267.0mCN¥184.8mCN¥190.5mCN¥394.5mCN¥243.4mCN¥349.7mCN¥228.4mCN¥72.1m
Total liabilitiesCN¥1.34bnCN¥1.66bnCN¥2.16bnCN¥2.55bnCN¥2.76bnCN¥2.68bnCN¥2.10bnCN¥2.06bnCN¥1.44bnCN¥810.6m
DebtCN¥73.1mCN¥454.6mCN¥657.7mCN¥1.43bnCN¥1.52bnCN¥1.73bnCN¥1.19bnCN¥955.4mCN¥692.4mCN¥427.3m
Shareholders' equityCN¥1.51bnCN¥1.45bnCN¥1.39bnCN¥1.27bnCN¥1.24bnCN¥1.31bnCN¥1.29bnCN¥1.25bnCN¥657.8mCN¥565.7m
Shares outstanding174m185m195m172m188m153m191m190m142m142m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥506.5mCN¥571.6mCN¥541.9mCN¥128.9mCN¥297.9mCN¥121.5mCN¥346.7mCN¥229,390CN¥410,470CN¥50.9m
Capital spending−CN¥25.4m−CN¥11.2m−CN¥19.3m−CN¥36.7m−CN¥186.3m−CN¥440.9m−CN¥406.4m−CN¥665.3m−CN¥326.2m−CN¥256.1m
Free cash flowCN¥481.0mCN¥560.4mCN¥522.6mCN¥92.3mCN¥111.6m−CN¥319.4m−CN¥59.7m−CN¥665.1m−CN¥325.8m−CN¥205.2m
Dividends paid−CN¥57.6m−CN¥89.3m−CN¥69.8m−CN¥85.9m−CN¥16.8m−CN¥78.6m−CN¥42.0m−CN¥71.0m−CN¥15.0m−CN¥11.7m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥537.3mCN¥499.1mCN¥573.4mCN¥586.4mCN¥554.2mCN¥525.6mCN¥600.3mCN¥564.4m
Gross profitCN¥54.4mCN¥85.9mCN¥75.6mCN¥109.5mCN¥45.8mCN¥87.7mCN¥45.0mCN¥111.8m
Operating incomeCN¥3.7mCN¥43.2mCN¥26.9mCN¥29.2mCN¥32.3mCN¥28.6mCN¥31.3mCN¥25.3m
Net income−CN¥19.5mCN¥15.7mCN¥15.8mCN¥26.1mCN¥30.0mCN¥25.6mCN¥10.5mCN¥24.2m
Diluted earnings per share-0.110.090.090.150.170.150.060.13
Cash from operations———CN¥113.0mCN¥188.0mCN¥118.0mCN¥159.0mCN¥109.0m
Capital spending—−CN¥1.0m−CN¥3.0m−CN¥10.0m−CN¥5.0m−CN¥5.0m−CN¥5.0m−CN¥2.0m
Free cash flow———CN¥103.0mCN¥183.0mCN¥113.0mCN¥154.0mCN¥107.0m
Total assetsCN¥2.84bnCN¥2.80bnCN¥2.86bnCN¥2.94bnCN¥2.98bnCN¥2.98bnCN¥3.12bnCN¥3.16bn
Cash and short-term investments———CN¥232.0mCN¥271.3mCN¥169.7mCN¥185.9mCN¥262.6m
DebtCN¥142.3mCN¥132.7mCN¥73.1mCN¥620.3mCN¥456.3mCN¥462.8mCN¥454.5mCN¥588.5m
Shareholders' equityCN¥1.48bnCN¥1.53bnCN¥1.51bnCN¥1.49bnCN¥1.46bnCN¥1.48bnCN¥1.45bnCN¥1.44bn

Financial ratios

Data as of 24 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin23.1%14.3%16.0%12.5%10.9%14.4%
Operating margin5.7%7.1%8.4%4.3%0.1%4.3%
Net margin4.4%4.4%4.7%0.9%-2.5%1.3%
Return on equity6.5%7.2%8.9%1.5%-3.8%1.6%
Return on assets3.4%3.4%3.5%0.5%-1.2%0.5%
Free cash flow yield21.6%22.3%20.4%6.8%18.2%26.1%
Revenue growth-5.6%-9.3%15.6%19.3%16.9%-0.1%
Earnings growth-7.2%-14.7%530.9%-141.8%-324.1%-74.7%
Current ratio1.21x1.06x1.11x0.99x1.05x1.02x
Debt to equity0.05x0.31x0.47x0.98x0.96x1.19x
Equity ratio52.8%46.6%39.2%33.1%31.1%32.8%
Interest coverage5.86x3.09x2.65x1.04x0.02x1.41x
R&D as a share of sales3.4%3.4%3.8%3.4%3.5%3.7%
Buybacks as a share of market value6.2%4.9%-13.3%8.5%-23.1%19.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-0.3%6.7%13.8%
Operating income191.6%44.6%3.9%
Net income70.9%36.1%1.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin18.6%16.4%15.4%18.2%
Operating margin6.4%4.6%3.6%5.7%
Net margin4.4%3.6%2.5%4.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings24.518.317.877.4-41.392.822.120.0
Price to sales1.10.80.80.71.01.21.11.5

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 10 Jul 2024.

FY2024FY2021FY2019FY2018
Paid in the year0.2850.0890.2220.169
  • 1.42-for-1 split · 10 Jul 2024

Sources and methodology

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

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.