H 
Hangzhou First Applied Material Co 603806.SS · CNY
Information Technology · Shanghai · 🇨🇳 China
12.95
-1.37%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥15.49bn
FY2016FY2025
Net income
CN¥769.7m
FY2016FY2025
Free cash flow
CN¥1.03bn
FY2016FY2025
Shareholders' equity
CN¥16.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.49bn | CN¥19.15bn | CN¥22.59bn | CN¥18.88bn | CN¥12.86bn | CN¥8.39bn | CN¥6.38bn | CN¥4.81bn | CN¥4.58bn | CN¥3.95bn |
| Gross profit | CN¥2.19bn | CN¥2.75bn | CN¥3.25bn | CN¥2.79bn | CN¥3.21bn | CN¥2.38bn | CN¥1.28bn | CN¥940.6m | CN¥954.7m | CN¥1.19bn |
| Research and development | CN¥467.6m | CN¥657.3m | CN¥792.0m | CN¥644.8m | CN¥453.6m | CN¥309.1m | CN¥202.9m | CN¥179.5m | CN¥152.8m | CN¥148.2m |
| Operating income | CN¥940.9m | CN¥1.52bn | CN¥2.05bn | CN¥1.70bn | CN¥2.47bn | CN¥1.79bn | CN¥1.09bn | CN¥858.4m | CN¥676.9m | CN¥933.0m |
| Net income | CN¥769.7m | CN¥1.31bn | CN¥1.85bn | CN¥1.58bn | CN¥2.20bn | CN¥1.57bn | CN¥957.1m | CN¥751.3m | CN¥585.2m | CN¥847.7m |
| Diluted earnings per share | 0.30 | 0.50 | 0.99 | 0.71 | 2.37 | 1.67 | 1.08 | 1.01 | 0.66 | 0.96 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥20.62bn | CN¥21.21bn | CN¥21.84bn | CN¥20.19bn | CN¥13.69bn | CN¥11.54bn | CN¥8.31bn | CN¥6.46bn | CN¥5.70bn | CN¥5.50bn |
| Cash and short-term investments | — | CN¥7.62bn | CN¥5.34bn | CN¥6.27bn | CN¥2.77bn | CN¥2.18bn | CN¥2.56bn | CN¥494.7m | CN¥339.6m | CN¥324.2m |
| Total liabilities | CN¥4.02bn | CN¥4.59bn | CN¥6.04bn | CN¥6.18bn | CN¥1.50bn | CN¥2.52bn | CN¥1.78bn | CN¥900.2m | CN¥674.5m | CN¥655.1m |
| Debt | — | CN¥3.10bn | CN¥3.65bn | CN¥3.82bn | CN¥23.0m | CN¥1.37bn | CN¥913.0m | CN¥31.0m | CN¥2.0m | CN¥15.0m |
| Shareholders' equity | CN¥16.44bn | CN¥16.41bn | CN¥15.07bn | CN¥13.98bn | CN¥12.18bn | CN¥9.02bn | CN¥6.52bn | CN¥5.55bn | CN¥5.03bn | CN¥4.84bn |
| Shares outstanding | 2,606m | 2,615m | 1,862m | 2,226m | 928m | 940m | 882m | 744m | 888m | 886m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.46bn | CN¥4.39bn | −CN¥16.8m | CN¥26.0m | −CN¥147.6m | CN¥272.3m | CN¥434.9m | CN¥169.6m | CN¥243.0m | CN¥295.1m |
| Capital spending | −CN¥435.8m | −CN¥642.8m | −CN¥742.9m | −CN¥576.9m | −CN¥536.0m | −CN¥355.8m | −CN¥165.3m | −CN¥195.5m | −CN¥204.7m | −CN¥283.3m |
| Free cash flow | CN¥1.03bn | CN¥3.75bn | −CN¥759.7m | −CN¥550.9m | −CN¥683.6m | −CN¥83.5m | CN¥269.6m | −CN¥25.9m | CN¥38.3m | CN¥11.8m |
| Dividends paid | −CN¥694.3m | −CN¥524.1m | −CN¥199.7m | −CN¥332.9m | −CN¥346.3m | −CN¥287.4m | −CN¥235.2m | −CN¥241.7m | −CN¥402.0m | −CN¥281.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.62bn | CN¥3.37bn | CN¥3.70bn | CN¥3.81bn | CN¥4.33bn | CN¥3.62bn | CN¥3.97bn | CN¥4.41bn |
| Gross profit | CN¥725.4m | CN¥466.3m | CN¥389.8m | CN¥323.9m | CN¥439.9m | CN¥474.8m | CN¥389.0m | CN¥628.4m |
| Operating income | CN¥530.7m | CN¥273.1m | CN¥210.8m | CN¥190.3m | CN¥94.1m | CN¥449.5m | CN¥112.0m | CN¥445.3m |
| Net income | CN¥530.4m | CN¥311.8m | CN¥82.1m | CN¥191.8m | CN¥94.6m | CN¥401.1m | CN¥49.5m | CN¥329.6m |
| Diluted earnings per share | 0.20 | 0.12 | 0.03 | 0.07 | 0.04 | 0.15 | 0.02 | 0.13 |
| Cash from operations | — | — | — | CN¥921.0m | −CN¥453.0m | −CN¥417.0m | — | CN¥1.89bn |
| Capital spending | −CN¥73.0m | −CN¥67.0m | −CN¥121.0m | −CN¥133.0m | −CN¥97.0m | −CN¥84.0m | −CN¥15.0m | −CN¥117.0m |
| Free cash flow | — | — | — | CN¥788.0m | −CN¥550.0m | −CN¥501.0m | — | CN¥1.77bn |
| Total assets | CN¥21.39bn | CN¥21.00bn | CN¥20.62bn | CN¥20.68bn | CN¥20.80bn | CN¥21.54bn | CN¥21.21bn | CN¥21.72bn |
| Cash and short-term investments | — | — | — | CN¥6.31bn | CN¥5.93bn | CN¥7.08bn | CN¥7.62bn | CN¥4.60bn |
| Debt | CN¥2.89bn | CN¥2.86bn | CN¥2.83bn | CN¥1.2m | CN¥3.09bn | CN¥3.06bn | CN¥3.09bn | CN¥3.53bn |
| Shareholders' equity | CN¥16.76bn | CN¥16.66bn | CN¥16.44bn | CN¥15.90bn | CN¥16.24bn | CN¥16.81bn | CN¥16.41bn | CN¥16.39bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.4% | 13.0% | 16.6% |
| Operating income | -17.9% | -12.1% | 2.4% |
| Net income | -21.3% | -13.2% | 1.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.3% | 14.4% | 17.0% | 18.3% |
| Operating margin | 7.1% | 8.1% | 10.7% | 12.3% |
| Net margin | 6.0% | 7.2% | 9.5% | 10.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 47.3 | 29.6 | 17.4 | 47.8 | 20.1 | 15.6 | 6.9 | 4.1 | 4.8 | 4.4 |
| Price to sales | 2.4 | 2.0 | 1.4 | 4.0 | 3.4 | 2.9 | 1.0 | 0.6 | 0.6 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 27 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.26 | 0.186 | 0.107 | 0.128 | 0.137 | 0.119 | 0.098 |
- 7-for-5 split · 24 Jun 2024
- 7-for-5 split · 26 May 2023
- 7-for-5 split · 25 May 2022
- 6-for-5 split · 24 May 2021
- 7-for-5 split · 18 May 2020
- 13-for-10 split · 30 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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