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R

Red Avenue New Materials Group Co 603650.SS · CNY

Materials · Shanghai · 🇨🇳 China

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47.17

-0.40%

Close of 9 Nov 2026, in CNY

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At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥3.43bn

FY2016FY2025

Net income

CN¥562.5m

FY2016FY2025

Free cash flow

CN¥24.9m

FY2016FY2025

Shareholders' equity

CN¥4.19bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥3.43bnCN¥3.27bnCN¥2.94bnCN¥2.50bnCN¥2.32bnCN¥2.05bnCN¥2.21bnCN¥2.17bnCN¥1.90bnCN¥1.73bn
Gross profitCN¥829.6mCN¥802.8mCN¥691.2mCN¥599.8mCN¥557.9mCN¥624.1mCN¥766.2mCN¥787.4mCN¥677.2mCN¥611.5m
Research and developmentCN¥232.5mCN¥216.6mCN¥179.8mCN¥158.1mCN¥146.5mCN¥82.7mCN¥90.0mCN¥93.5mCN¥69.6mCN¥42.9m
Operating income—CN¥296.6mCN¥427.4mCN¥186.9mCN¥192.3mCN¥468.9mCN¥370.8mCN¥476.1mCN¥390.6mCN¥357.8m
Net incomeCN¥562.5mCN¥516.8mCN¥406.6mCN¥298.2mCN¥326.6mCN¥410.5mCN¥330.6mCN¥412.3mCN¥314.9mCN¥262.7m
Diluted earnings per share0.940.870.680.440.540.690.560.680.590.44

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥9.22bnCN¥8.41bnCN¥7.33bnCN¥6.86bnCN¥5.98bnCN¥4.58bnCN¥4.09bnCN¥3.17bnCN¥1.88bnCN¥1.66bn
Cash and short-term investments—CN¥1.17bnCN¥887.7mCN¥723.2mCN¥807.8mCN¥735.8mCN¥811.5mCN¥1.15bnCN¥530.3mCN¥475.0m
Total liabilitiesCN¥4.96bnCN¥4.95bnCN¥3.83bnCN¥3.72bnCN¥3.14bnCN¥1.97bnCN¥1.68bnCN¥859.1mCN¥678.5mCN¥637.1m
DebtCN¥1.68bnCN¥2.79bnCN¥2.95bnCN¥2.56bnCN¥2.04bnCN¥1.39bnCN¥1.05bnCN¥338.9mCN¥245.0mCN¥292.5m
Shareholders' equityCN¥4.19bnCN¥3.35bnCN¥3.41bnCN¥3.04bnCN¥2.78bnCN¥2.45bnCN¥2.25bnCN¥2.27bnCN¥1.17bnCN¥1.01bn
Shares outstanding596m596m594m677m600m597m595m602m535m596m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥338.2mCN¥242.6mCN¥184.1mCN¥102.7mCN¥344.7mCN¥207.0mCN¥418.8mCN¥352.0mCN¥229.3mCN¥255.4m
Capital spending−CN¥313.4m−CN¥255.7m−CN¥170.2m−CN¥362.7m−CN¥698.3m−CN¥113.0m−CN¥71.7m−CN¥167.9m−CN¥18.9m−CN¥45.5m
Free cash flowCN¥24.9m−CN¥13.1mCN¥13.9m−CN¥259.9m−CN¥353.6mCN¥94.0mCN¥347.1mCN¥184.1mCN¥210.4mCN¥209.9m
Dividends paid−CN¥396.1m−CN¥585.1m−CN¥47.5m−CN¥53.5m−CN¥199.2m−CN¥198.1m−CN¥199.2m−CN¥27.4m−CN¥172.1m−CN¥174.2m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥1.09bnCN¥1.05bnCN¥905.4mCN¥868.8mCN¥798.6mCN¥856.0mCN¥845.3mCN¥848.6m
Gross profitCN¥259.5mCN¥232.9mCN¥214.3mCN¥198.4mCN¥208.9mCN¥215.8mCN¥185.8mCN¥213.7m
Operating incomeCN¥141.2mCN¥118.0mCN¥103.3mCN¥58.1mCN¥198.7mCN¥175.4mCN¥93.6mCN¥83.8m
Net incomeCN¥206.7mCN¥182.3mCN¥68.5mCN¥143.2mCN¥190.8mCN¥160.1mCN¥78.2mCN¥125.5m
Diluted earnings per share0.350.310.110.240.320.270.130.21
Cash from operations———CN¥212.0mCN¥130.0mCN¥18.0m—CN¥128.0m
Capital spending−CN¥60.0m−CN¥197.0m−CN¥148.0m−CN¥57.0m−CN¥68.0m−CN¥39.0m−CN¥83.0m−CN¥75.0m
Free cash flow———CN¥155.0mCN¥62.0m−CN¥21.0m—CN¥53.0m
Total assetsCN¥9.53bnCN¥9.62bnCN¥9.22bnCN¥9.07bnCN¥8.87bnCN¥8.70bnCN¥8.41bnCN¥7.99bn
Cash and short-term investments———CN¥1.39bnCN¥1.30bnCN¥1.25bnCN¥1.17bnCN¥1.10bn
DebtCN¥1.31bnCN¥1.41bnCN¥1.68bnCN¥1.70bnCN¥3.54bnCN¥4.16bnCN¥2.74bnCN¥2.66bn
Shareholders' equityCN¥4.20bnCN¥4.32bnCN¥4.19bnCN¥3.49bnCN¥3.31bnCN¥3.43bnCN¥3.35bnCN¥3.35bn

Financial ratios

Data as of 20 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin24.2%24.5%23.5%24.0%24.0%30.5%—
Operating margin—9.1%14.5%7.5%8.3%22.9%16.8%
Net margin16.4%15.8%13.8%11.9%14.1%20.1%—
Return on equity13.4%15.4%11.9%9.8%11.7%16.8%—
Return on assets6.1%6.1%5.5%4.3%5.5%9.0%—
Free cash flow yield1.5%1.2%0.8%1.0%2.4%0.7%—
Revenue growth4.8%11.1%17.7%7.7%13.4%-7.3%—
Earnings growth8.9%27.1%36.4%-8.7%-20.4%24.2%—
Current ratio1.02x1.06x1.41x1.12x1.01x1.10x—
Debt to equity0.40x0.82x0.78x0.85x0.69x0.57x—
Equity ratio45.4%39.9%46.5%44.3%46.5%53.4%—
Interest coverage—2.98x5.08x2.42x2.44x7.95x9.62x
R&D as a share of sales6.8%6.6%6.1%6.3%6.3%4.0%—
Buybacks as a share of market value0.0%-0.3%12.2%-12.8%-0.4%-0.4%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue11.1%10.9%8.2%
Net income23.6%6.5%22.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin24.4%24.1%24.9%28.7%
Net margin16.1%14.7%15.3%15.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings46.840.348.670.092.545.131.428.9
Price to sales7.76.46.78.313.09.14.75.5

Dividends and splits

Per share, in the currency the company pays

Paid for 7 years. Last went ex-dividend on 1 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.500.500.840.080.090.340.330.34

Sources and methodology

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

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