S 
Shanghai Flyco Electrical Appliance Co 603868.SS · CNY
Consumer Staples · Shanghai · 🇨🇳 China
35.37
-1.09%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥3.86bn
FY2016FY2025
Net income
CN¥512.1m
FY2016FY2025
Free cash flow
CN¥813.7m
FY2016FY2025
Shareholders' equity
CN¥3.33bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.86bn | CN¥4.15bn | CN¥5.06bn | CN¥4.63bn | CN¥4.01bn | CN¥3.57bn | CN¥3.76bn | CN¥3.98bn | CN¥3.85bn | CN¥3.36bn |
| Gross profit | CN¥2.19bn | CN¥2.25bn | CN¥2.86bn | CN¥2.47bn | CN¥1.88bn | CN¥1.46bn | CN¥1.45bn | CN¥1.55bn | CN¥1.52bn | CN¥1.28bn |
| Research and development | CN¥115.3m | CN¥96.4m | CN¥99.3m | CN¥88.8m | CN¥131.9m | CN¥74.1m | CN¥84.9m | CN¥52.9m | CN¥54.4m | CN¥36.8m |
| Operating income | CN¥618.9m | CN¥489.3m | CN¥1.13bn | CN¥1.05bn | CN¥781.2m | CN¥827.6m | CN¥860.2m | CN¥1.08bn | CN¥1.08bn | CN¥802.2m |
| Net income | CN¥512.1m | CN¥457.9m | CN¥1.02bn | CN¥823.0m | CN¥640.7m | CN¥638.3m | CN¥685.8m | CN¥844.9m | CN¥835.3m | CN¥613.2m |
| Diluted earnings per share | 1.18 | 1.06 | 2.34 | 1.89 | 1.48 | 1.45 | 1.59 | 1.94 | 1.93 | 1.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.98bn | CN¥3.78bn | CN¥4.46bn | CN¥4.35bn | CN¥4.17bn | CN¥3.89bn | CN¥3.69bn | CN¥3.70bn | CN¥3.26bn | CN¥2.78bn |
| Cash and short-term investments | — | CN¥1.14bn | CN¥1.85bn | CN¥1.52bn | CN¥1.24bn | CN¥1.10bn | CN¥957.1m | CN¥973.4m | CN¥618.3m | CN¥871.7m |
| Total liabilities | CN¥654.9m | CN¥743.5m | CN¥882.9m | CN¥918.4m | CN¥1.13bn | CN¥1.06bn | CN¥1.06bn | CN¥1.09bn | CN¥845.5m | CN¥773.9m |
| Debt | — | CN¥2.4m | CN¥9.8m | CN¥25.5m | CN¥5.5m | CN¥4.6m | — | CN¥990,944 | CN¥1.0m | CN¥674,160 |
| Shareholders' equity | CN¥3.33bn | CN¥3.03bn | CN¥3.58bn | CN¥3.43bn | CN¥3.04bn | CN¥2.83bn | CN¥2.63bn | CN¥2.60bn | CN¥2.41bn | CN¥2.01bn |
| Shares outstanding | 436m | 433m | 436m | 436m | 432m | 440m | 430m | 436m | 433m | 435m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥875.2m | CN¥296.3m | CN¥1.31bn | CN¥816.0m | CN¥740.9m | CN¥979.2m | CN¥467.3m | CN¥554.0m | CN¥858.5m | CN¥799.9m |
| Capital spending | −CN¥61.5m | −CN¥87.8m | −CN¥71.5m | −CN¥113.1m | −CN¥179.7m | −CN¥205.2m | −CN¥272.4m | −CN¥329.2m | −CN¥198.1m | −CN¥84.3m |
| Free cash flow | CN¥813.7m | CN¥208.5m | CN¥1.24bn | CN¥702.9m | CN¥561.3m | CN¥774.0m | CN¥195.0m | CN¥224.7m | CN¥660.5m | CN¥715.5m |
| Dividends paid | −CN¥217.8m | −CN¥1.01bn | −CN¥871.2m | −CN¥435.6m | −CN¥435.6m | −CN¥435.6m | −CN¥653.4m | −CN¥653.4m | −CN¥435.6m | −CN¥435.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.02bn | CN¥1000.0m | CN¥821.0m | CN¥924.5m | CN¥958.5m | CN¥1.16bn | CN¥826.2m | CN¥1.00bn |
| Gross profit | CN¥621.0m | CN¥591.9m | CN¥453.9m | CN¥518.7m | CN¥558.8m | CN¥650.5m | CN¥394.6m | CN¥575.1m |
| Operating income | CN¥197.6m | CN¥222.1m | CN¥116.6m | CN¥139.5m | CN¥167.7m | CN¥210.6m | −CN¥2.8m | CN¥134.3m |
| Net income | CN¥170.8m | CN¥188.6m | CN¥55.0m | CN¥136.0m | CN¥140.1m | CN¥180.9m | −CN¥6.7m | CN¥149.1m |
| Diluted earnings per share | 0.39 | 0.43 | 0.13 | 0.31 | 0.32 | 0.42 | -0.02 | 0.34 |
| Cash from operations | — | — | — | CN¥276.0m | CN¥151.0m | CN¥319.0m | — | CN¥20.0m |
| Capital spending | −CN¥10.0m | −CN¥8.0m | −CN¥15.0m | −CN¥7.0m | −CN¥11.0m | −CN¥25.0m | −CN¥35.0m | −CN¥17.0m |
| Free cash flow | — | — | — | CN¥269.0m | CN¥140.0m | CN¥294.0m | — | CN¥3.0m |
| Total assets | CN¥4.17bn | CN¥4.09bn | CN¥3.98bn | CN¥3.90bn | CN¥3.77bn | CN¥3.85bn | CN¥3.78bn | CN¥4.23bn |
| Cash and short-term investments | — | — | — | CN¥1.64bn | CN¥1.37bn | CN¥1.44bn | CN¥1.14bn | CN¥1.62bn |
| Debt | — | — | — | CN¥1.3m | — | CN¥4.3m | — | CN¥430.0m |
| Shareholders' equity | CN¥3.47bn | CN¥3.52bn | CN¥3.33bn | CN¥3.27bn | CN¥3.14bn | CN¥3.21bn | CN¥3.03bn | CN¥3.04bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 56.7% | 54.4% | 56.5% | 53.5% | 46.9% | 41.0% |
| Operating margin | 16.0% | 11.8% | 22.3% | 22.7% | 19.5% | 23.2% |
| Net margin | 13.3% | 11.0% | 20.2% | 17.8% | 16.0% | 17.9% |
| Return on equity | 15.4% | 15.1% | 28.5% | 24.0% | 21.1% | 22.5% |
| Return on assets | 12.9% | 12.1% | 22.9% | 18.9% | 15.4% | 16.4% |
| Free cash flow yield | 7.0% | 2.9% | 10.3% | 7.0% | 6.9% | 8.8% |
| Revenue growth | -6.9% | -18.0% | 9.3% | 15.5% | 12.3% | -5.1% |
| Earnings growth | 11.8% | -55.1% | 23.9% | 28.4% | 0.4% | -6.9% |
| Current ratio | 4.24x | 3.22x | 3.42x | 3.17x | 2.31x | 2.28x |
| Debt to equity | — | 0.00x | — | — | — | — |
| Equity ratio | 83.6% | 80.3% | 80.2% | 78.9% | 73.0% | 72.8% |
| Interest coverage | 4040.09x | 98.74x | 946.93x | 1187.47x | 1827.15x | 4536.08x |
| R&D as a share of sales | 3.0% | 2.3% | 2.0% | 1.9% | 3.3% | 2.1% |
| Buybacks as a share of market value | -0.5% | 0.5% | 0.0% | -0.9% | 1.9% | -2.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.9% | 1.6% | 3.3% |
| Operating income | -16.1% | -5.6% | -0.3% |
| Net income | -14.6% | -4.3% | 0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.5% | 55.2% | 51.9% | 46.3% |
| Operating margin | 13.8% | 18.6% | 19.4% | 21.8% |
| Net margin | 12.1% | 15.9% | 16.2% | 17.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 36.8 | 39.3 | 21.6 | 35.6 | 29.3 | 32.2 | 23.6 | 19.7 | 39.3 | 33.2 |
| Price to sales | 4.9 | 4.3 | 4.3 | 6.3 | 4.7 | 5.8 | 4.3 | 4.2 | 8.5 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 11 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 0.50 | 2.30 | 2.00 | 1.00 | 1.00 | 1.00 | 1.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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