QuMei Home Furnishings Group Co 603818.SS · CNY
Consumer Discretionary · Shanghai · 🇨🇳 China
3.43
-0.29%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥3.41bn
FY2016FY2025
Net income
−CN¥148.7m
FY2016FY2025
Free cash flow
CN¥515.8m
FY2016FY2025
Shareholders' equity
CN¥2.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.41bn | CN¥3.55bn | CN¥4.03bn | CN¥4.85bn | CN¥5.07bn | CN¥4.28bn | CN¥4.28bn | CN¥2.89bn | CN¥2.10bn | CN¥1.66bn |
| Gross profit | CN¥1.26bn | CN¥1.21bn | CN¥1.19bn | CN¥1.55bn | CN¥1.78bn | CN¥1.65bn | CN¥1.86bn | CN¥1.20bn | CN¥790.3m | CN¥661.2m |
| Research and development | CN¥64.9m | CN¥75.0m | CN¥83.1m | CN¥98.2m | CN¥101.3m | CN¥90.9m | CN¥90.8m | CN¥79.3m | CN¥61.1m | CN¥42.1m |
| Operating income | CN¥65.3m | CN¥145.7m | −CN¥80.5m | CN¥274.9m | CN¥442.8m | CN¥152.7m | CN¥107.1m | CN¥78.4m | CN¥302.6m | CN¥230.3m |
| Net income | −CN¥148.7m | −CN¥162.8m | −CN¥304.2m | CN¥37.0m | CN¥177.9m | CN¥103.9m | CN¥82.2m | −CN¥59.1m | CN¥245.7m | CN¥185.0m |
| Diluted earnings per share | -0.22 | -0.26 | -0.53 | 0.05 | 0.33 | 0.20 | 0.19 | -0.11 | 0.52 | 0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.49bn | CN¥6.56bn | CN¥6.96bn | CN¥7.63bn | CN¥7.64bn | CN¥7.68bn | CN¥7.72bn | CN¥7.29bn | CN¥2.10bn | CN¥1.77bn |
| Cash and short-term investments | — | CN¥886.4m | CN¥721.5m | CN¥815.4m | CN¥544.2m | CN¥709.9m | CN¥657.1m | CN¥295.7m | CN¥925.1m | CN¥475.4m |
| Total liabilities | CN¥4.30bn | CN¥4.34bn | CN¥4.91bn | CN¥5.28bn | CN¥5.62bn | CN¥5.07bn | CN¥5.77bn | CN¥5.66bn | CN¥473.2m | CN¥389.4m |
| Debt | CN¥400.0m | CN¥2.20bn | CN¥3.26bn | CN¥3.81bn | CN¥3.90bn | CN¥3.37bn | CN¥4.15bn | CN¥3.93bn | — | — |
| Shareholders' equity | CN¥2.06bn | CN¥2.10bn | CN¥1.90bn | CN¥2.19bn | CN¥2.02bn | CN¥2.16bn | CN¥1.50bn | CN¥1.35bn | CN¥1.59bn | CN¥1.38bn |
| Shares outstanding | 669m | 637m | 575m | 746m | 540m | 518m | 431m | 543m | 476m | 520m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥571.7m | CN¥586.0m | CN¥773.1m | CN¥418.2m | CN¥441.1m | CN¥618.8m | CN¥700.7m | CN¥312.3m | CN¥253.9m | CN¥294.0m |
| Capital spending | −CN¥55.9m | −CN¥64.0m | −CN¥60.3m | −CN¥132.4m | −CN¥146.3m | −CN¥109.9m | −CN¥248.5m | −CN¥195.2m | −CN¥206.3m | −CN¥122.8m |
| Free cash flow | CN¥515.8m | CN¥522.0m | CN¥712.8m | CN¥285.8m | CN¥294.8m | CN¥508.8m | CN¥452.2m | CN¥117.2m | CN¥47.6m | CN¥171.2m |
| Dividends paid | −CN¥294.1m | −CN¥324.2m | −CN¥314.0m | −CN¥232.9m | −CN¥211.4m | −CN¥257.8m | −CN¥235.8m | −CN¥193.7m | −CN¥37.3m | −CN¥23.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥812.0m | CN¥846.8m | CN¥856.1m | CN¥823.1m | CN¥853.0m | CN¥878.5m | CN¥914.6m | CN¥834.4m |
| Gross profit | CN¥271.8m | CN¥302.1m | CN¥331.2m | CN¥309.4m | CN¥295.0m | CN¥323.6m | CN¥327.9m | CN¥315.6m |
| Operating income | −CN¥40.5m | CN¥13.1m | CN¥30.5m | −CN¥33.1m | −CN¥52.6m | CN¥58.4m | −CN¥3.3m | CN¥12.5m |
| Net income | −CN¥74.6m | CN¥1.2m | −CN¥81.7m | −CN¥20.1m | −CN¥42.6m | −CN¥4.3m | −CN¥17.4m | −CN¥20.7m |
| Diluted earnings per share | -0.11 | 0.00 | -0.12 | -0.03 | -0.06 | -0.01 | -0.03 | -0.03 |
| Cash from operations | — | — | — | CN¥135.0m | CN¥167.0m | CN¥68.0m | — | CN¥112.0m |
| Capital spending | −CN¥17.0m | −CN¥11.0m | −CN¥10.0m | −CN¥10.0m | −CN¥17.0m | −CN¥17.0m | −CN¥17.0m | −CN¥21.0m |
| Free cash flow | — | — | — | CN¥125.0m | CN¥150.0m | CN¥51.0m | — | CN¥91.0m |
| Total assets | CN¥5.85bn | CN¥6.07bn | CN¥6.49bn | CN¥6.72bn | CN¥6.80bn | CN¥6.84bn | CN¥6.56bn | CN¥6.79bn |
| Cash and short-term investments | — | — | — | CN¥733.0m | CN¥791.0m | CN¥850.2m | CN¥886.4m | CN¥895.6m |
| Debt | CN¥1.22bn | CN¥1.32bn | CN¥400.0m | CN¥2.48bn | CN¥1.73bn | CN¥1.21bn | CN¥2.03bn | CN¥2.99bn |
| Shareholders' equity | CN¥1.91bn | CN¥2.06bn | CN¥2.06bn | CN¥2.18bn | CN¥2.21bn | CN¥2.19bn | CN¥2.10bn | CN¥2.20bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 36.9% | 34.0% | 29.6% | 31.9% | 35.0% | 38.6% |
| Operating margin | 5.2% | 4.1% | -0.2% | 6.4% | 9.0% | 9.9% |
| Net margin | -4.4% | -4.6% | -7.6% | 0.8% | 3.5% | 2.4% |
| Return on equity | -7.2% | -7.8% | -16.0% | 1.7% | 8.8% | 4.8% |
| Return on assets | -2.3% | -2.5% | -4.4% | 0.5% | 2.3% | 1.4% |
| Free cash flow yield | 22.5% | 24.5% | 34.8% | 17.7% | 26.1% | 33.8% |
| Revenue growth | -4.0% | -11.8% | -17.0% | -4.4% | 18.6% | -0.0% |
| Earnings growth | -8.7% | -46.5% | -923.1% | -79.2% | 71.3% | 26.4% |
| Current ratio | 0.60x | 1.06x | 1.48x | 0.69x | 0.92x | 1.10x |
| Debt to equity | 0.19x | 0.97x | 1.61x | 1.60x | 1.77x | 1.13x |
| Equity ratio | 31.7% | 32.0% | 27.3% | 28.8% | 26.4% | 28.1% |
| Interest coverage | 0.53x | 0.44x | -0.03x | 1.17x | 2.01x | 1.54x |
| R&D as a share of sales | 1.9% | 2.1% | 2.1% | 2.0% | 2.0% | 2.1% |
| Buybacks as a share of market value | -5.1% | -10.7% | 22.9% | -38.1% | -4.3% | -20.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | -4.4% | 10.5% |
| Operating income | -38.1% | -15.6% | -8.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.4% | 32.9% | 34.3% | 36.4% |
| Operating margin | 3.0% | 2.6% | 4.0% | 5.0% |
| Net margin | -4.5% | -3.7% | -1.2% | 0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.3 | -10.6 | -10.2 | 127.2 | 43.1 | 42.0 | 43.8 | -61.6 | 28.4 | 49.1 |
| Price to sales | 0.7 | 0.5 | 0.8 | 1.0 | 1.5 | 1.0 | 0.8 | 1.3 | 3.3 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Dec 2024.
| FY2024 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|
| Paid in the year | 0.02 | 0.102 | 0.077 | 0.049 |
- 2-for-1 split · 21 Sept 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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