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Western Superconducting Technologies Co 688122.SS · CNY

Materials · Shanghai · 🇨🇳 China

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44.20

+2.20%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥5.24bn

FY2016FY2025

Net income

CN¥840.5m

FY2016FY2025

Free cash flow

CN¥290.5m

FY2016FY2025

Shareholders' equity

CN¥7.60bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥5.24bnCN¥4.61bnCN¥4.16bnCN¥4.23bnCN¥2.93bnCN¥2.11bnCN¥1.45bnCN¥1.09bnCN¥967.3mCN¥977.8m
Research and developmentCN¥397.7mCN¥350.9mCN¥329.4mCN¥254.3mCN¥185.9mCN¥130.7mCN¥141.0mCN¥100.9mCN¥97.5mCN¥74.5m
Operating incomeCN¥1.05bnCN¥1.01bnCN¥870.1mCN¥1.27bnCN¥852.2mCN¥458.6mCN¥203.6mCN¥188.7mCN¥191.2mCN¥221.9m
Net incomeCN¥840.5mCN¥800.8mCN¥752.4mCN¥1.08bnCN¥741.5mCN¥370.8mCN¥158.2mCN¥135.0mCN¥142.0mCN¥158.8m
Diluted earnings per share1.291.231.151.671.200.590.270.250.260.44

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥15.09bnCN¥13.61bnCN¥12.08bnCN¥11.31bnCN¥8.76bnCN¥5.54bnCN¥4.80bnCN¥3.99bnCN¥3.50bnCN¥3.32bn
Cash and short-term investmentsCN¥2.03bnCN¥2.37bnCN¥2.67bnCN¥3.29bnCN¥2.70bnCN¥786.2mCN¥981.8mCN¥852.8mCN¥607.6mCN¥908.7m
Total liabilities−CN¥7.60bnCN¥6.34bnCN¥5.35bnCN¥4.94bnCN¥3.31bnCN¥2.65bnCN¥2.19bnCN¥2.01bnCN¥1.54bnCN¥1.40bn
Debt—CN¥2.66bnCN¥2.72bnCN¥2.44bnCN¥2.07bnCN¥1.78bnCN¥1.52bnCN¥1.58bnCN¥1.20bnCN¥1.08bn
Shareholders' equityCN¥7.60bnCN¥6.68bnCN¥6.32bnCN¥6.00bnCN¥5.36bnCN¥2.81bnCN¥2.57bnCN¥1.93bnCN¥1.91bnCN¥1.88bn
Shares outstanding650m651m657m648m619m630m587m542m546m361m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥605.9mCN¥446.4mCN¥203.9mCN¥298.4mCN¥227.2m−CN¥222.3m−CN¥109.5mCN¥243.6mCN¥17.4mCN¥31.8m
Capital spending−CN¥315.5m−CN¥352.4m−CN¥409.3m−CN¥662.0m−CN¥287.9m−CN¥188.7m−CN¥163.6m−CN¥153.3m−CN¥216.1m−CN¥169.0m
Free cash flowCN¥290.5mCN¥94.0m−CN¥205.3m−CN¥363.6m−CN¥60.7m−CN¥411.0m−CN¥273.1mCN¥90.3m−CN¥198.8m−CN¥137.1m
Dividends paid−CN¥567.6m−CN¥516.5m−CN¥464.0m−CN¥464.0m−CN¥176.5m−CN¥132.4m−CN¥119.1m−CN¥166.6m−CN¥159.9m−CN¥144.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥1.53bnCN¥1.08bnCN¥1.25bnCN¥1.27bnCN¥1.65bnCN¥1.07bnCN¥1.38bnCN¥1.21bn
Operating incomeCN¥205.3mCN¥170.8mCN¥221.8mCN¥149.0mCN¥472.2mCN¥224.9mCN¥268.2mCN¥351.8m
Net incomeCN¥301.5mCN¥43.8mCN¥190.8mCN¥103.5mCN¥376.2mCN¥170.0mCN¥197.1mCN¥255.2m
Diluted earnings per share0.460.070.290.160.580.260.300.39
Cash from operations———−CN¥302.0mCN¥201.0mCN¥2.0m—CN¥50.0m
Capital spending−CN¥43.0m−CN¥59.0m−CN¥82.0m−CN¥88.0m−CN¥77.0m−CN¥65.0m−CN¥69.0m−CN¥123.0m
Free cash flow———−CN¥390.0mCN¥124.0m−CN¥63.0m—−CN¥73.0m
Total assetsCN¥16.60bnCN¥15.11bnCN¥15.09bnCN¥14.66bnCN¥14.71bnCN¥14.14bnCN¥13.61bnCN¥12.68bn
Cash and short-term investments——CN¥2.03bnCN¥2.03bnCN¥2.75bnCN¥2.42bnCN¥2.37bnCN¥2.11bn
DebtCN¥2.51bnCN¥1.22bnCN¥1.11bnCN¥3.22bnCN¥1.94bnCN¥1.88bnCN¥1.68bnCN¥3.31bn
Shareholders' equityCN¥7.23bnCN¥7.17bnCN¥7.60bnCN¥6.92bnCN¥6.81bnCN¥6.86bnCN¥6.68bnCN¥6.52bn

Financial ratios

Data as of 18 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin20.0%21.8%20.9%30.1%29.1%21.7%
Net margin16.0%17.4%18.1%25.5%25.3%17.5%
Return on equity11.1%12.0%11.9%18.0%13.8%13.2%
Return on assets5.6%5.9%6.2%9.6%8.5%6.7%
Free cash flow yield2.9%2.5%1.9%3.0%1.7%-0.1%
Revenue growth13.5%10.9%-1.6%44.4%38.5%46.1%
Earnings growth5.0%6.4%-30.3%45.6%100.0%134.3%
Current ratio2.09x2.14x2.77x2.69x2.75x2.04x
Debt to equity0.15x0.25x0.54x0.36x0.28x0.50x
Equity ratio50.3%49.1%52.3%53.0%61.2%50.7%
Interest coverage17.40x16.67x12.79x21.69x18.74x9.67x
R&D as a share of sales7.6%7.6%7.9%6.0%6.4%6.2%
Buybacks as a share of market value0.3%0.8%-1.4%-4.6%1.7%-7.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.4%19.9%19.4%
Operating income-6.3%18.0%23.9%
Net income-8.0%17.8%19.8%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin20.9%23.0%23.7%22.5%
Net margin16.7%19.0%19.7%18.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Price to earnings57.634.846.540.657.896.589.2
Price to sales9.36.08.410.414.716.99.8

Dividends and splits

Per share, in the currency the company pays

Paid for 6 years. Last went ex-dividend on 22 Jul 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year0.400.650.800.7140.7140.2860.214
  • 7-for-5 split · 26 Jun 2023

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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