C 
China Railway High-speed Electrification Equipment Corp 688285.SS · CNY
Industrials · Shanghai · 🇨🇳 China
6.98
-0.57%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.18bn
FY2016FY2025
Net income
CN¥51.5m
FY2016FY2025
Free cash flow
−CN¥6.8m
FY2016FY2025
Shareholders' equity
CN¥1.69bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.18bn | CN¥1.01bn | CN¥1.20bn | CN¥1.49bn | CN¥1.42bn | CN¥1.35bn | CN¥1.29bn | CN¥1.13bn | CN¥1.06bn | CN¥969.3m |
| Research and development | CN¥50.9m | CN¥54.6m | CN¥59.6m | CN¥61.3m | CN¥57.5m | CN¥53.6m | CN¥48.2m | CN¥40.3m | CN¥45.3m | CN¥37.7m |
| Operating income | CN¥72.1m | CN¥53.7m | CN¥68.2m | CN¥169.6m | CN¥175.5m | CN¥199.9m | CN¥171.2m | CN¥89.3m | CN¥82.9m | CN¥40.1m |
| Net income | CN¥51.5m | CN¥45.1m | CN¥55.1m | CN¥141.7m | CN¥141.2m | CN¥158.8m | CN¥141.1m | CN¥74.8m | CN¥69.6m | CN¥30.1m |
| Diluted earnings per share | 0.14 | 0.12 | 0.15 | 3.21 | 1.38 | 0.55 | 0.49 | 0.27 | 0.19 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.13bn | CN¥3.08bn | CN¥3.22bn | CN¥3.18bn | CN¥3.05bn | CN¥2.14bn | CN¥1.88bn | CN¥1.74bn | CN¥1.57bn | CN¥1.37bn |
| Cash and short-term investments | CN¥581.4m | CN¥606.7m | CN¥605.0m | CN¥759.8m | CN¥887.0m | CN¥307.0m | CN¥220.0m | CN¥198.1m | CN¥36.0m | CN¥52.3m |
| Total liabilities | CN¥1.41bn | CN¥1.41bn | CN¥1.59bn | CN¥1.57bn | CN¥1.56bn | CN¥1.42bn | CN¥1.25bn | CN¥1.30bn | CN¥1.19bn | CN¥956.0m |
| Debt | CN¥313.9m | CN¥209.6m | CN¥212.1m | CN¥390.3m | CN¥285.0m | CN¥319.6m | CN¥125.6m | CN¥840,000 | CN¥1.4m | — |
| Shareholders' equity | CN¥1.69bn | CN¥1.65bn | CN¥1.61bn | CN¥1.59bn | CN¥1.48bn | CN¥703.7m | CN¥614.5m | CN¥439.6m | CN¥367.5m | CN¥384.1m |
| Shares outstanding | 375m | 377m | 377m | 44m | 103m | 286m | 288m | 280m | 375m | 375m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥32.0m | CN¥170.4m | CN¥2.4m | CN¥41.0m | CN¥66.4m | CN¥91.5m | CN¥83.7m | CN¥200.1m | −CN¥14.5m | CN¥38.1m |
| Capital spending | −CN¥38.8m | −CN¥138.2m | −CN¥106.4m | −CN¥77.0m | −CN¥64.2m | −CN¥58.3m | −CN¥27.4m | −CN¥28.3m | −CN¥15.8m | −CN¥65.3m |
| Free cash flow | −CN¥6.8m | CN¥32.2m | −CN¥104.0m | −CN¥36.0m | CN¥2.2m | CN¥33.2m | CN¥56.3m | CN¥171.7m | −CN¥30.3m | −CN¥27.2m |
| Dividends paid | −CN¥7.5m | −CN¥15.7m | −CN¥34.1m | −CN¥35.4m | −CN¥14.3m | −CN¥138.1m | −CN¥30.9m | −CN¥14.7m | −CN¥170.2m | −CN¥22.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥403.9m | CN¥279.5m | CN¥371.1m | CN¥276.6m | CN¥347.5m | CN¥185.9m | CN¥386.6m | CN¥191.4m |
| Operating income | CN¥41.3m | CN¥26.6m | CN¥20.9m | CN¥15.7m | CN¥29.3m | CN¥6.4m | CN¥23.6m | CN¥3.8m |
| Net income | CN¥20.2m | CN¥12.3m | CN¥15.1m | CN¥7.9m | CN¥23.5m | CN¥4.9m | CN¥21.6m | CN¥2.3m |
| Diluted earnings per share | 0.05 | 0.03 | 0.04 | 0.02 | 0.06 | 0.01 | 0.06 | 0.01 |
| Cash from operations | — | — | CN¥186.0m | −CN¥57.0m | CN¥40.0m | −CN¥137.0m | CN¥187.0m | −CN¥3.0m |
| Capital spending | −CN¥2.0m | −CN¥10.0m | −CN¥5.0m | −CN¥9.0m | −CN¥3.0m | −CN¥20.0m | −CN¥29.0m | −CN¥59.0m |
| Free cash flow | — | — | CN¥181.0m | −CN¥66.0m | CN¥37.0m | −CN¥157.0m | CN¥158.0m | −CN¥62.0m |
| Total assets | CN¥3.12bn | CN¥3.07bn | CN¥3.13bn | CN¥3.01bn | CN¥3.02bn | CN¥2.95bn | CN¥3.08bn | CN¥3.03bn |
| Cash and short-term investments | — | — | CN¥581.4m | CN¥401.5m | CN¥476.3m | CN¥445.1m | CN¥606.7m | CN¥478.6m |
| Debt | — | — | CN¥313.9m | CN¥280.6m | CN¥209.6m | CN¥209.6m | CN¥209.6m | CN¥242.2m |
| Shareholders' equity | CN¥1.72bn | CN¥1.70bn | CN¥1.69bn | CN¥1.67bn | CN¥1.67bn | CN¥1.65bn | CN¥1.65bn | CN¥1.62bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.1% | 5.9% | 6.4% | 12.2% | 12.7% | 15.0% |
| Net margin | 4.4% | 4.5% | 4.6% | 9.5% | 10.0% | 11.7% |
| Return on equity | 3.0% | 2.7% | 3.4% | 8.9% | 9.5% | 22.6% |
| Return on assets | 1.6% | 1.5% | 1.7% | 4.5% | 4.6% | 7.4% |
| Free cash flow yield | 2.6% | 11.4% | 4.0% | 37.4% | 17.8% | 7.3% |
| Revenue growth | 17.2% | -16.2% | -19.2% | 5.2% | 4.5% | 5.3% |
| Earnings growth | 14.0% | -18.1% | -61.1% | 0.4% | -11.1% | 12.6% |
| Current ratio | 1.72x | 1.68x | 1.57x | 1.61x | 1.65x | 1.33x |
| Debt to equity | 0.19x | 0.13x | 0.13x | 0.24x | 0.19x | 0.45x |
| Equity ratio | 53.9% | 53.5% | 50.1% | 49.9% | 48.5% | 32.9% |
| Interest coverage | 10.47x | 7.74x | 9.21x | 16.12x | 13.49x | 19.98x |
| R&D as a share of sales | 4.3% | 5.4% | 5.0% | 4.1% | 4.1% | 4.0% |
| Buybacks as a share of market value | 0.6% | -0.2% | -754.2% | 57.0% | 64.2% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.4% | -2.7% | — |
| Operating income | -24.8% | -18.5% | — |
| Net income | -28.7% | -20.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 63.3 | 61.9 | 60.7 | 2.4 | 7.4 |
| Price to sales | 2.8 | 2.8 | 2.8 | 0.2 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 14 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.02 | 0.028 | 0.076 | 0.094 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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