N 
Ningbo Changhong Polymer Scientific and Technical 605008.SS · CNY
Materials · Shanghai · 🇨🇳 China
10.51
-1.96%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥3.92bn
FY2016FY2025
Net income
−CN¥8.0m
FY2016FY2025
Free cash flow
−CN¥464.5m
FY2016FY2025
Shareholders' equity
CN¥1.98bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.92bn | CN¥3.63bn | CN¥1.42bn | CN¥2.37bn | CN¥1.73bn | CN¥1.30bn | CN¥1.16bn | CN¥1.02bn | CN¥491.3m | CN¥475.2m |
| Gross profit | CN¥498.4m | CN¥321.8m | CN¥139.3m | CN¥383.5m | CN¥369.0m | CN¥406.3m | CN¥317.2m | CN¥264.1m | CN¥116.1m | CN¥96.0m |
| Research and development | CN¥126.6m | CN¥117.7m | CN¥55.1m | CN¥86.2m | CN¥57.5m | CN¥41.5m | CN¥45.5m | CN¥37.6m | CN¥16.7m | CN¥20.8m |
| Operating income | CN¥92.0m | CN¥96.8m | CN¥159.0m | CN¥192.3m | CN¥233.9m | CN¥364.3m | CN¥247.7m | CN¥208.3m | CN¥81.2m | CN¥70.7m |
| Net income | −CN¥8.0m | CN¥94.2m | CN¥95.0m | CN¥180.5m | CN¥185.0m | CN¥301.6m | CN¥215.2m | CN¥181.2m | CN¥69.5m | CN¥59.1m |
| Diluted earnings per share | -0.01 | 0.16 | 0.15 | 0.27 | 0.30 | 0.47 | 0.36 | 0.16 | 0.06 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥6.32bn | CN¥5.16bn | CN¥4.70bn | CN¥3.81bn | CN¥3.42bn | CN¥2.28bn | CN¥1.33bn | CN¥1.01bn | CN¥674.3m | CN¥562.1m |
| Cash and short-term investments | — | CN¥278.6m | CN¥434.9m | CN¥358.1m | CN¥497.0m | CN¥623.6m | CN¥169.2m | CN¥210.7m | CN¥78.0m | CN¥29.7m |
| Total liabilities | CN¥4.33bn | CN¥3.17bn | CN¥2.64bn | CN¥1.80bn | CN¥1.60bn | CN¥529.0m | CN¥320.2m | CN¥218.6m | CN¥65.4m | CN¥131.8m |
| Debt | CN¥1.40bn | CN¥1.97bn | CN¥1.84bn | CN¥1.41bn | CN¥1.08bn | CN¥334.9m | CN¥150.2m | CN¥105.0m | CN¥18.5m | CN¥50.0m |
| Shareholders' equity | CN¥1.98bn | CN¥1.99bn | CN¥2.06bn | CN¥2.00bn | CN¥1.82bn | CN¥1.75bn | CN¥1.01bn | CN¥790.4m | CN¥608.9m | CN¥430.3m |
| Shares outstanding | 1,119m | 589m | 616m | 658m | 619m | 646m | 602m | 1,119m | 1,119m | 1,119m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥114.8m | CN¥348.6m | CN¥232.9m | CN¥74.1m | −CN¥61.4m | CN¥52.6m | CN¥175.8m | CN¥129.0m | CN¥58.0m | CN¥110.1m |
| Capital spending | −CN¥349.7m | −CN¥477.2m | −CN¥687.2m | −CN¥501.9m | −CN¥673.6m | −CN¥204.8m | −CN¥314.1m | −CN¥97.7m | −CN¥66.8m | −CN¥83.2m |
| Free cash flow | −CN¥464.5m | −CN¥128.6m | −CN¥454.3m | −CN¥427.8m | −CN¥734.9m | −CN¥152.2m | −CN¥138.3m | CN¥31.3m | −CN¥8.8m | CN¥26.9m |
| Dividends paid | −CN¥93.0m | −CN¥266.8m | −CN¥58.5m | −CN¥57.7m | −CN¥114.7m | −CN¥11.6m | −CN¥4.6m | −CN¥462,557 | −CN¥2.3m | −CN¥50.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥749.0m | CN¥797.1m | CN¥957.7m | CN¥1.12bn | CN¥1.13bn | CN¥717.7m | CN¥1.10bn | CN¥947.5m |
| Gross profit | CN¥36.3m | CN¥44.4m | CN¥57.0m | CN¥107.5m | CN¥83.4m | CN¥42.1m | CN¥71.1m | CN¥68.3m |
| Operating income | −CN¥9.9m | −CN¥2.8m | −CN¥10.4m | CN¥18.7m | CN¥14.7m | −CN¥25.8m | −CN¥3.3m | CN¥14.1m |
| Net income | −CN¥29.5m | −CN¥28.9m | −CN¥24.0m | CN¥14.4m | CN¥18.1m | −CN¥16.4m | −CN¥8.4m | CN¥6.0m |
| Diluted earnings per share | -0.03 | -0.03 | -0.02 | 0.01 | 0.02 | -0.01 | -0.01 | 0.01 |
| Cash from operations | — | — | — | −CN¥165.0m | CN¥82.0m | CN¥7.0m | CN¥227.0m | CN¥29.0m |
| Capital spending | −CN¥240.0m | −CN¥60.0m | −CN¥22.0m | −CN¥68.0m | −CN¥132.0m | −CN¥125.0m | −CN¥119.0m | −CN¥128.0m |
| Free cash flow | — | — | — | −CN¥233.0m | −CN¥50.0m | −CN¥118.0m | CN¥108.0m | −CN¥99.0m |
| Total assets | CN¥6.87bn | CN¥6.54bn | CN¥6.32bn | CN¥6.33bn | CN¥6.07bn | CN¥5.87bn | CN¥5.16bn | CN¥5.00bn |
| Cash and short-term investments | — | — | — | CN¥401.5m | CN¥452.3m | CN¥395.6m | CN¥278.6m | CN¥445.5m |
| Debt | CN¥1.49bn | CN¥1.43bn | CN¥1.40bn | CN¥2.10bn | CN¥2.25bn | CN¥2.09bn | CN¥1.96bn | CN¥2.53bn |
| Shareholders' equity | CN¥1.92bn | CN¥1.95bn | CN¥1.98bn | CN¥2.01bn | CN¥2.00bn | CN¥1.98bn | CN¥1.99bn | CN¥2.00bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.7% | 8.9% | 9.8% | 16.2% | 21.3% | 31.3% |
| Operating margin | 2.1% | 4.8% | 11.5% | 10.4% | 13.2% | 28.1% |
| Net margin | -0.2% | 2.6% | 6.7% | 7.6% | 10.7% | 23.3% |
| Return on equity | -0.4% | 4.7% | 4.6% | 9.0% | 10.1% | 17.2% |
| Return on assets | -0.1% | 1.8% | 2.0% | 4.7% | 5.4% | 13.2% |
| Free cash flow yield | 1.6% | 10.5% | 11.2% | 6.6% | 7.4% | 3.0% |
| Revenue growth | 8.0% | 156.6% | -40.3% | 36.8% | 33.6% | 12.1% |
| Earnings growth | -108.5% | -0.8% | -47.4% | -2.4% | -38.7% | 40.2% |
| Current ratio | 0.64x | 0.60x | 0.76x | 1.12x | 1.62x | 3.02x |
| Debt to equity | 0.71x | 0.99x | 0.89x | 0.61x | 0.52x | 0.18x |
| Equity ratio | 31.3% | 38.6% | 43.7% | 52.6% | 53.3% | 76.8% |
| Interest coverage | 0.79x | 2.23x | 2.76x | 4.35x | 11.09x | 43.00x |
| R&D as a share of sales | 3.2% | 3.2% | 3.9% | 3.6% | 3.3% | 3.2% |
| Buybacks as a share of market value | -90.0% | 4.4% | 6.3% | -6.3% | 4.1% | -7.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.3% | 24.8% | — |
| Operating income | -21.8% | -24.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.9% | 11.8% | 14.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -2000.2 | 74.7 | 103.0 | 59.5 | 49.5 | 37.9 |
| Price to sales | 4.1 | 1.9 | 6.9 | 4.5 | 5.3 | 8.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2024.
| FY2024 | FY2021 | |
|---|---|---|
| Paid in the year | 0.31 | 0.179 |
- 7-for-5 split · 20 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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