N 
Ningbo Gaofa Automotive Control System Co 603788.SS · CNY
Consumer Discretionary · Shanghai · 🇨🇳 China
12.79
+1.03%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.58bn
FY2016FY2025
Net income
CN¥216.2m
FY2016FY2025
Free cash flow
CN¥28.9m
FY2016FY2025
Shareholders' equity
CN¥2.13bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.58bn | CN¥1.46bn | CN¥1.26bn | CN¥1.04bn | CN¥942.0m | CN¥891.4m | CN¥944.1m | CN¥1.29bn | CN¥1.21bn | CN¥860.6m |
| Gross profit | CN¥378.5m | CN¥323.5m | CN¥284.6m | CN¥238.0m | CN¥245.1m | CN¥259.1m | CN¥314.1m | CN¥434.4m | CN¥409.9m | CN¥279.9m |
| Research and development | CN¥72.0m | CN¥66.1m | CN¥62.4m | CN¥56.2m | CN¥51.4m | CN¥41.2m | CN¥40.9m | CN¥54.6m | CN¥48.3m | CN¥29.9m |
| Operating income | CN¥246.0m | CN¥212.1m | CN¥180.2m | CN¥133.2m | CN¥165.4m | CN¥208.3m | CN¥212.3m | CN¥248.5m | CN¥259.6m | CN¥170.8m |
| Net income | CN¥216.2m | CN¥190.6m | CN¥162.6m | CN¥114.9m | CN¥145.5m | CN¥179.3m | CN¥178.8m | CN¥215.1m | CN¥233.0m | CN¥157.1m |
| Diluted earnings per share | 0.96 | 0.85 | 0.73 | 0.53 | 0.67 | 0.82 | 0.81 | 0.93 | 1.00 | 0.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.71bn | CN¥2.66bn | CN¥2.52bn | CN¥2.31bn | CN¥2.25bn | CN¥2.26bn | CN¥2.17bn | CN¥2.25bn | CN¥2.27bn | CN¥1.19bn |
| Cash and short-term investments | — | CN¥563.7m | CN¥919.8m | CN¥1.10bn | CN¥1.29bn | CN¥1.31bn | CN¥1.37bn | CN¥416.0m | CN¥217.1m | CN¥191.4m |
| Total liabilities | CN¥580.4m | CN¥592.3m | CN¥506.0m | CN¥350.2m | CN¥320.0m | CN¥352.7m | CN¥318.5m | CN¥317.7m | CN¥402.8m | CN¥335.4m |
| Debt | — | CN¥45.6m | CN¥25.3m | CN¥61.6m | CN¥9.0m | CN¥117.3m | CN¥101.7m | CN¥108.4m | CN¥13.4m | CN¥18.9m |
| Shareholders' equity | CN¥2.13bn | CN¥2.07bn | CN¥2.02bn | CN¥1.96bn | CN¥1.93bn | CN¥1.91bn | CN¥1.85bn | CN¥1.91bn | CN¥1.85bn | CN¥829.3m |
| Shares outstanding | 225m | 224m | 224m | 215m | 218m | 218m | 222m | 230m | 232m | 198m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥101.9m | CN¥126.4m | CN¥102.2m | CN¥132.3m | CN¥160.3m | CN¥176.9m | CN¥330.9m | CN¥246.4m | CN¥105.0m | CN¥78.8m |
| Capital spending | −CN¥73.0m | −CN¥150.4m | −CN¥141.5m | −CN¥182.1m | −CN¥19.5m | −CN¥21.8m | −CN¥30.3m | −CN¥29.6m | −CN¥30.3m | −CN¥16.4m |
| Free cash flow | CN¥28.9m | −CN¥24.0m | −CN¥39.2m | −CN¥49.9m | CN¥140.7m | CN¥155.1m | CN¥300.7m | CN¥216.8m | CN¥74.7m | CN¥62.4m |
| Dividends paid | −CN¥156.1m | −CN¥133.8m | −CN¥111.5m | −CN¥111.5m | −CN¥133.8m | −CN¥133.8m | −CN¥136.2m | −CN¥163.8m | −CN¥113.7m | −CN¥83.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥394.1m | CN¥365.1m | CN¥431.2m | CN¥363.7m | CN¥400.3m | CN¥386.5m | CN¥377.8m | CN¥353.2m |
| Gross profit | CN¥81.0m | CN¥87.1m | CN¥114.2m | CN¥84.2m | CN¥98.0m | CN¥82.1m | CN¥60.3m | CN¥92.5m |
| Operating income | CN¥47.9m | CN¥52.3m | CN¥69.8m | CN¥57.4m | CN¥61.1m | CN¥53.6m | CN¥37.0m | CN¥65.6m |
| Net income | CN¥46.4m | CN¥46.9m | CN¥60.5m | CN¥51.9m | CN¥57.7m | CN¥46.2m | CN¥38.2m | CN¥59.6m |
| Diluted earnings per share | 0.21 | 0.21 | 0.27 | 0.23 | 0.26 | 0.21 | 0.17 | 0.27 |
| Cash from operations | — | — | — | CN¥146.0m | CN¥99.0m | −CN¥143.0m | CN¥137.0m | — |
| Capital spending | −CN¥6.0m | −CN¥10.0m | −CN¥10.0m | −CN¥20.0m | −CN¥27.0m | −CN¥14.0m | −CN¥60.0m | −CN¥26.0m |
| Free cash flow | — | — | — | CN¥126.0m | CN¥72.0m | −CN¥157.0m | CN¥77.0m | — |
| Total assets | CN¥2.55bn | CN¥2.63bn | CN¥2.71bn | CN¥2.63bn | CN¥2.59bn | CN¥2.54bn | CN¥2.66bn | CN¥2.50bn |
| Cash and short-term investments | — | — | — | CN¥658.6m | CN¥393.7m | CN¥385.6m | CN¥563.7m | CN¥676.5m |
| Debt | — | — | — | CN¥125.5m | CN¥47.4m | CN¥24.6m | CN¥45.6m | CN¥10.4m |
| Shareholders' equity | CN¥2.04bn | CN¥2.17bn | CN¥2.13bn | CN¥2.07bn | CN¥2.01bn | CN¥2.11bn | CN¥2.07bn | CN¥2.03bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 23.9% | 22.1% | 22.5% | 22.9% | 26.0% | 29.1% | — | — | — | — |
| Operating margin | 15.6% | 14.7% | 14.3% | 13.0% | 17.8% | 23.5% | — | — | — | — |
| Net margin | 13.7% | 13.0% | 12.9% | 11.1% | 15.4% | 20.1% | — | — | — | — |
| Return on equity | 10.2% | 9.2% | 8.1% | 5.9% | 7.5% | 9.4% | — | — | — | — |
| Return on assets | 8.0% | 7.2% | 6.5% | 5.0% | 6.5% | 7.9% | — | — | — | — |
| Free cash flow yield | — | 4.3% | 3.5% | — | — | — | — | — | — | — |
| Revenue growth | 8.3% | 15.6% | 21.8% | 10.1% | 5.7% | -5.6% | — | — | — | — |
| Earnings growth | 13.4% | 17.2% | 41.5% | -21.0% | -18.9% | 0.3% | — | — | — | — |
| Current ratio | 3.00x | 2.89x | 3.81x | 5.43x | 6.35x | 5.78x | — | — | — | — |
| Debt to equity | — | 0.02x | 0.01x | — | — | — | 0.06x | 0.08x | 0.10x | 0.19x |
| Equity ratio | 78.6% | 77.8% | 79.9% | 84.9% | 85.7% | 84.4% | — | — | — | — |
| Interest coverage | 217.78x | 105.79x | 288.43x | 125.82x | 121.66x | 227.74x | — | — | — | — |
| R&D as a share of sales | 4.6% | 4.5% | 4.9% | 5.4% | 5.5% | 4.6% | — | — | — | — |
| Buybacks as a share of market value | -0.5% | -0.3% | -3.9% | 1.4% | -0.1% | 1.7% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.1% | 12.2% | 9.0% |
| Operating income | 22.7% | 3.4% | 6.7% |
| Net income | 23.4% | 3.8% | 6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.1% | 22.9% | 24.1% | 27.8% |
| Operating margin | 15.1% | 14.4% | 16.0% | 17.8% |
| Net margin | 13.4% | 12.8% | 14.1% | 15.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.0 | 16.3 | 20.5 | 20.0 | 21.4 | 16.9 | 20.5 | 15.5 | 25.1 | 38.4 |
| Price to sales | 2.3 | 2.1 | 2.6 | 2.2 | 3.3 | 3.4 | 3.9 | 2.6 | 4.8 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.80 | 0.70 | 0.60 | 0.50 | 0.50 | 0.60 | 0.60 | 0.60 |
- 7-for-5 split · 8 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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