J 
Jiangsu Dingsheng New Materials Joint-Stock Co 603876.SS · CNY
Materials · Shanghai · 🇨🇳 China
13.95
-2.72%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥26.30bn
FY2016FY2025
Net income
CN¥512.9m
FY2016FY2025
Free cash flow
CN¥791.3m
FY2016FY2025
Shareholders' equity
CN¥7.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥26.30bn | CN¥24.02bn | CN¥19.06bn | CN¥21.61bn | CN¥18.17bn | CN¥12.43bn | CN¥11.24bn | CN¥10.29bn | CN¥9.20bn | CN¥7.09bn |
| Gross profit | CN¥3.09bn | CN¥2.10bn | CN¥2.04bn | CN¥3.45bn | CN¥1.96bn | CN¥1.05bn | CN¥1.18bn | CN¥935.2m | CN¥894.4m | CN¥812.1m |
| Research and development | CN¥1.18bn | CN¥1.07bn | CN¥960.8m | CN¥999.5m | CN¥621.7m | CN¥432.3m | CN¥396.0m | CN¥56.6m | CN¥52.8m | CN¥55.5m |
| Operating income | CN¥925.3m | CN¥342.8m | CN¥676.7m | CN¥1.77bn | CN¥736.4m | CN¥230.8m | CN¥514.1m | CN¥354.7m | CN¥479.6m | CN¥501.6m |
| Net income | CN¥512.9m | CN¥301.1m | CN¥534.8m | CN¥1.38bn | CN¥430.0m | −CN¥15.0m | CN¥308.7m | CN¥276.5m | CN¥272.8m | CN¥333.9m |
| Diluted earnings per share | 0.56 | 0.49 | 0.58 | 1.51 | 0.48 | -0.01 | 0.39 | 0.35 | 0.41 | 0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥23.52bn | CN¥23.91bn | CN¥20.24bn | CN¥21.95bn | CN¥16.26bn | CN¥13.33bn | CN¥13.54bn | CN¥8.45bn | CN¥8.06bn | CN¥8.05bn |
| Cash and short-term investments | — | CN¥5.45bn | CN¥4.72bn | CN¥7.52bn | CN¥2.43bn | CN¥1.18bn | CN¥1.66bn | CN¥1.02bn | CN¥1.09bn | CN¥1.94bn |
| Total liabilities | CN¥15.98bn | CN¥17.23bn | CN¥13.68bn | CN¥15.64bn | CN¥11.33bn | CN¥9.52bn | CN¥9.65bn | CN¥5.01bn | CN¥5.68bn | CN¥5.91bn |
| Debt | CN¥2.44bn | CN¥5.05bn | CN¥5.14bn | CN¥6.45bn | CN¥6.99bn | CN¥6.97bn | CN¥6.35bn | CN¥3.30bn | CN¥3.37bn | CN¥3.20bn |
| Shareholders' equity | CN¥7.52bn | CN¥6.67bn | CN¥6.55bn | CN¥6.30bn | CN¥4.92bn | CN¥3.80bn | CN¥3.88bn | CN¥3.38bn | CN¥2.35bn | CN¥2.11bn |
| Shares outstanding | 917m | 613m | 916m | 917m | 890m | 1,445m | 786m | 781m | 661m | 917m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.27bn | CN¥73.4m | CN¥1.13bn | CN¥1.82bn | CN¥699.3m | −CN¥744.8m | −CN¥636.5m | CN¥157.3m | −CN¥58.6m | −CN¥411.7m |
| Capital spending | −CN¥480.3m | −CN¥432.2m | −CN¥564.5m | −CN¥563.4m | −CN¥183.0m | −CN¥329.7m | −CN¥449.1m | −CN¥337.4m | −CN¥83.5m | −CN¥195.1m |
| Free cash flow | CN¥791.3m | −CN¥358.8m | CN¥568.3m | CN¥1.26bn | CN¥516.3m | −CN¥1.07bn | −CN¥1.09bn | −CN¥180.1m | −CN¥142.0m | −CN¥606.8m |
| Dividends paid | −CN¥283.8m | −CN¥432.1m | −CN¥622.1m | −CN¥316.3m | −CN¥241.6m | −CN¥43.4m | −CN¥43.0m | −CN¥198.1m | −CN¥232.1m | −CN¥111.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥8.21bn | CN¥7.26bn | CN¥6.70bn | CN¥6.29bn | CN¥6.86bn | CN¥6.46bn | CN¥6.41bn | CN¥6.13bn |
| Gross profit | CN¥936.7m | CN¥808.2m | CN¥684.9m | CN¥548.9m | CN¥512.0m | CN¥627.2m | CN¥509.5m | CN¥477.3m |
| Operating income | CN¥448.8m | CN¥405.0m | CN¥341.3m | CN¥157.2m | CN¥170.5m | CN¥107.1m | CN¥88.6m | CN¥50.3m |
| Net income | CN¥286.1m | CN¥193.8m | CN¥206.1m | CN¥118.8m | CN¥102.6m | CN¥85.3m | CN¥76.6m | CN¥40.9m |
| Diluted earnings per share | 0.31 | 0.21 | 0.22 | 0.13 | 0.11 | 0.09 | 0.12 | 0.07 |
| Cash from operations | — | — | — | CN¥89.0m | CN¥611.0m | −CN¥335.0m | — | CN¥111.0m |
| Capital spending | −CN¥141.0m | −CN¥32.0m | −CN¥103.0m | −CN¥222.0m | −CN¥97.0m | −CN¥57.0m | −CN¥2.0m | −CN¥179.0m |
| Free cash flow | — | — | — | −CN¥133.0m | CN¥514.0m | −CN¥392.0m | — | −CN¥68.0m |
| Total assets | CN¥28.37bn | CN¥25.69bn | CN¥23.52bn | CN¥25.01bn | CN¥25.99bn | CN¥25.35bn | CN¥23.91bn | CN¥25.36bn |
| Cash and short-term investments | — | — | — | CN¥5.36bn | CN¥6.89bn | CN¥5.87bn | CN¥5.45bn | CN¥7.42bn |
| Debt | CN¥1.20bn | CN¥1.70bn | CN¥2.44bn | CN¥12.42bn | CN¥5.55bn | CN¥5.10bn | CN¥4.99bn | CN¥4.58bn |
| Shareholders' equity | CN¥7.69bn | CN¥7.64bn | CN¥7.52bn | CN¥7.31bn | CN¥7.25bn | CN¥6.99bn | CN¥6.67bn | CN¥6.56bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 11.7% | 8.7% | 10.7% | 16.0% | 10.8% | 8.4% |
| Operating margin | 3.5% | 1.4% | 3.5% | 8.2% | 4.1% | 1.9% |
| Net margin | 1.9% | 1.3% | 2.8% | 6.4% | 2.4% | -0.1% |
| Return on equity | 6.8% | 4.5% | 8.2% | 21.9% | 8.7% | -0.4% |
| Return on assets | 2.2% | 1.3% | 2.6% | 6.3% | 2.6% | -0.1% |
| Free cash flow yield | 11.3% | 4.9% | 11.0% | 15.4% | 5.9% | -1.7% |
| Revenue growth | 9.5% | 26.0% | -11.8% | 18.9% | 46.2% | 10.6% |
| Earnings growth | 70.3% | -43.7% | -61.3% | 221.3% | -2968.1% | -104.9% |
| Current ratio | 1.14x | 1.02x | 1.05x | 1.11x | 1.03x | 1.08x |
| Debt to equity | 0.32x | 0.75x | 0.77x | 0.97x | 1.02x | 1.61x |
| Equity ratio | 32.0% | 27.9% | 32.4% | 28.7% | 30.3% | 28.5% |
| Interest coverage | 4.67x | 1.39x | 2.87x | 7.55x | 2.48x | 0.74x |
| R&D as a share of sales | 4.5% | 4.4% | 5.0% | 4.6% | 3.4% | 3.5% |
| Buybacks as a share of market value | -49.5% | 33.0% | 0.1% | -3.0% | 38.4% | -83.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.8% | 16.2% | 15.1% |
| Operating income | -19.5% | 32.0% | 16.5% |
| Net income | -28.1% | — | 12.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.3% | 11.7% | 11.3% | 10.9% |
| Operating margin | 2.5% | 4.1% | 3.9% | 4.1% |
| Net margin | 1.6% | 3.0% | 2.6% | 2.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.8 | 18.0 | 21.4 | 15.1 | 43.3 | -818.9 | 22.4 | 29.1 |
| Price to sales | 0.5 | 0.2 | 0.6 | 1.0 | 1.0 | 1.0 | 0.6 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 29 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.13 | 0.10 | 0.23 | 0.86 | 0.111 | 0.056 | 0.056 | 0.056 |
- 9-for-5 split · 6 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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