E 
Espressif Systems (Shanghai) Co 688018.SS · CNY
Information Technology · Shanghai · 🇨🇳 China
162.89
+2.06%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.57bn
FY2016FY2025
Net income
CN¥497.8m
FY2016FY2025
Free cash flow
CN¥24.7m
FY2016FY2025
Shareholders' equity
CN¥4.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.57bn | CN¥2.01bn | CN¥1.43bn | CN¥1.27bn | CN¥1.39bn | CN¥831.3m | CN¥757.4m | CN¥474.9m | CN¥272.0m | CN¥122.9m |
| Gross profit | CN¥1.16bn | CN¥880.1m | CN¥578.0m | CN¥503.3m | CN¥549.1m | CN¥343.6m | CN¥348.8m | CN¥239.3m | CN¥137.6m | CN¥63.1m |
| Research and development | CN¥603.4m | CN¥490.3m | CN¥403.7m | CN¥337.1m | CN¥271.7m | CN¥192.8m | CN¥119.7m | CN¥74.9m | CN¥49.4m | CN¥30.3m |
| Operating income | CN¥507.4m | CN¥334.2m | CN¥105.3m | CN¥86.1m | CN¥208.4m | CN¥110.5m | CN¥168.9m | CN¥104.9m | CN¥35.7m | CN¥487,721 |
| Net income | CN¥497.8m | CN¥339.3m | CN¥136.2m | CN¥97.3m | CN¥198.4m | CN¥104.1m | CN¥158.5m | CN¥93.9m | CN¥29.4m | CN¥449,343 |
| Diluted earnings per share | 2.99 | 1.47 | 0.85 | 0.62 | 1.22 | 0.66 | 1.01 | 0.80 | 0.18 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.05bn | CN¥2.65bn | CN¥2.20bn | CN¥2.08bn | CN¥2.13bn | CN¥1.83bn | CN¥1.73bn | CN¥377.5m | CN¥246.1m | CN¥156.0m |
| Cash and short-term investments | CN¥2.85bn | CN¥879.0m | CN¥644.5m | CN¥811.9m | CN¥1.11bn | CN¥1.36bn | CN¥1.41bn | CN¥174.9m | CN¥63.9m | CN¥74.8m |
| Total liabilities | CN¥557.9m | CN¥470.1m | CN¥290.8m | CN¥256.1m | CN¥306.0m | CN¥188.5m | CN¥115.2m | CN¥66.2m | CN¥36.3m | CN¥34.8m |
| Debt | CN¥30.6m | CN¥15.3m | CN¥17.0m | CN¥22.4m | CN¥20.8m | CN¥7.2m | — | — | — | CN¥5.9m |
| Shareholders' equity | CN¥4.46bn | CN¥2.15bn | CN¥1.91bn | CN¥1.83bn | CN¥1.82bn | CN¥1.64bn | CN¥1.61bn | CN¥311.2m | CN¥209.8m | CN¥121.2m |
| Shares outstanding | 166m | 231m | 160m | 157m | 162m | 157m | 157m | 118m | 166m | 166m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥540.4m | CN¥220.5m | CN¥309.6m | CN¥71.3m | CN¥31.5m | CN¥36.1m | CN¥102.3m | CN¥72.9m | −CN¥9.2m | CN¥16.4m |
| Capital spending | −CN¥515.7m | −CN¥97.7m | −CN¥49.4m | −CN¥26.2m | −CN¥31.9m | −CN¥21.7m | −CN¥20.9m | −CN¥7.9m | −CN¥11.6m | −CN¥8.0m |
| Free cash flow | CN¥24.7m | CN¥122.8m | CN¥260.2m | CN¥45.1m | −CN¥451,691 | CN¥14.4m | CN¥81.4m | CN¥65.0m | −CN¥20.9m | CN¥8.4m |
| Dividends paid | −CN¥66.8m | −CN¥78.3m | — | −CN¥128.7m | −CN¥40.0m | −CN¥70.0m | −CN¥70.0m | −CN¥70.0m | −CN¥70.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥832.7m | CN¥648.0m | CN¥653.0m | CN¥666.7m | CN¥687.7m | CN¥557.8m | CN¥546.9m | CN¥539.8m |
| Gross profit | CN¥415.9m | CN¥314.3m | CN¥1.68bn | CN¥321.1m | CN¥319.9m | CN¥241.9m | CN¥255.1m | CN¥227.7m |
| Operating income | CN¥200.6m | CN¥122.5m | CN¥117.6m | CN¥129.2m | CN¥168.3m | CN¥92.3m | CN¥85.8m | CN¥101.7m |
| Net income | CN¥198.6m | CN¥135.6m | CN¥121.1m | CN¥115.5m | CN¥167.6m | CN¥93.7m | CN¥88.2m | CN¥99.5m |
| Diluted earnings per share | 1.19 | 0.82 | 0.73 | 0.69 | 1.01 | 0.56 | 0.38 | 0.43 |
| Cash from operations | — | — | CN¥212.0m | CN¥198.0m | CN¥39.0m | CN¥74.0m | CN¥128.0m | CN¥118.0m |
| Capital spending | −CN¥47.0m | −CN¥32.0m | −CN¥46.0m | −CN¥25.0m | −CN¥429.0m | −CN¥14.0m | −CN¥45.0m | −CN¥26.0m |
| Free cash flow | — | — | CN¥166.0m | CN¥173.0m | −CN¥390.0m | CN¥60.0m | CN¥83.0m | CN¥92.0m |
| Total assets | CN¥5.28bn | CN¥5.04bn | CN¥5.05bn | CN¥4.98bn | CN¥3.22bn | CN¥2.96bn | CN¥2.65bn | CN¥2.49bn |
| Cash and short-term investments | — | — | CN¥2.85bn | CN¥2.67bn | CN¥846.0m | CN¥952.9m | CN¥673.9m | CN¥598.3m |
| Debt | — | — | CN¥6.9m | CN¥207.8m | CN¥352.6m | CN¥222.7m | CN¥500,333 | — |
| Shareholders' equity | CN¥4.71bn | CN¥4.50bn | CN¥4.46bn | CN¥4.32bn | CN¥2.43bn | CN¥2.25bn | CN¥2.15bn | CN¥2.04bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 45.0% | 43.9% | 40.3% | 39.6% | 39.6% | 41.3% |
| Operating margin | 19.8% | 16.7% | 7.3% | 6.8% | 15.0% | 13.3% |
| Net margin | 19.4% | 16.9% | 9.5% | 7.7% | 14.3% | 12.5% |
| Return on equity | 11.2% | 15.8% | 7.1% | 5.3% | 10.9% | 6.3% |
| Return on assets | 9.9% | 12.8% | 6.2% | 4.7% | 9.3% | 5.7% |
| Free cash flow yield | 5.2% | 1.1% | 1.8% | 0.5% | 0.3% | 0.3% |
| Revenue growth | 27.8% | 40.0% | 12.7% | -8.3% | 66.8% | 9.8% |
| Earnings growth | 46.7% | 149.1% | 40.0% | -51.0% | 90.7% | -34.4% |
| Current ratio | 9.45x | 5.06x | 5.61x | 8.97x | 8.36x | 12.87x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x |
| Equity ratio | 88.3% | 81.1% | 86.8% | 87.7% | 85.6% | 89.7% |
| Interest coverage | 81.19x | 176.24x | 72.78x | 79.61x | 221.48x | 19.96x |
| R&D as a share of sales | 23.5% | 24.4% | 28.2% | 26.5% | 19.6% | 23.2% |
| Buybacks as a share of market value | 27.9% | -44.5% | -1.8% | 3.5% | -3.6% | -0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.4% | 25.3% | — |
| Operating income | 80.6% | 35.7% | — |
| Net income | 72.3% | 36.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.5% | 42.8% | 42.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 56.8 | 148.1 | 86.1 | 103.7 | 111.1 | 160.0 | 60.5 |
| Price to sales | 11.0 | 25.1 | 8.2 | 7.9 | 15.9 | 20.0 | 12.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 5 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.306 | 0.362 | 0.583 | 0.182 | 0.319 |
- 7-for-5 split · 4 Jun 2025
- 7-for-5 split · 16 May 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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