GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
N

Novoray 688300.SS · CNY

Materials · Shanghai · 🇨🇳 China

Compare

80.25

+0.44%

Close of 9 Nov 2026, in CNY

Search any instrument

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¥1.12bn

FY2016FY2025

Net income

CN¥292.6m

FY2016FY2025

Free cash flow

CN¥157.2m

FY2016FY2025

Shareholders' equity

CN¥1.63bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥1.12bnCN¥960.4mCN¥711.7mCN¥662.0mCN¥624.7mCN¥404.2mCN¥315.3mCN¥278.1mCN¥211.0mCN¥153.6m
Research and developmentCN¥64.2mCN¥61.8mCN¥47.4mCN¥38.5mCN¥35.1mCN¥19.8mCN¥12.8mCN¥10.6mCN¥8.3mCN¥7.1m
Operating incomeCN¥335.5mCN¥285.3mCN¥195.4mCN¥190.6mCN¥197.2mCN¥123.9mCN¥85.6mCN¥67.9mCN¥47.3mCN¥30.8m
Net incomeCN¥292.6mCN¥251.4mCN¥174.0mCN¥188.2mCN¥172.9mCN¥110.9mCN¥74.7mCN¥58.4mCN¥42.2mCN¥32.7m
Diluted earnings per share1.211.020.740.760.720.470.370.310.250.58

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥2.26bnCN¥1.97bnCN¥1.75bnCN¥1.54bnCN¥1.30bnCN¥1.09bnCN¥1.02bnCN¥413.7mCN¥303.1mCN¥244.2m
Cash and short-term investmentsCN¥350.9mCN¥534.2mCN¥565.1mCN¥411.4mCN¥350.6mCN¥156.4mCN¥447.6mCN¥87.1mCN¥20.1mCN¥34.9m
Total liabilities−CN¥1.63bnCN¥464.3mCN¥407.3mCN¥307.6mCN¥211.2mCN¥128.6mCN¥127.6mCN¥94.2mCN¥110.1mCN¥81.5m
Debt—CN¥120.9mCN¥115.9mCN¥30.9mCN¥715,592CN¥19.3mCN¥24.8mCN¥27.8mCN¥56.8mCN¥34.0m
Shareholders' equityCN¥1.63bnCN¥1.51bnCN¥1.35bnCN¥1.23bnCN¥1.09bnCN¥963.9mCN¥896.1mCN¥319.5mCN¥193.0mCN¥162.7m
Shares outstanding242m247m236m248m239m238m200m186m172m56m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥255.5mCN¥254.7mCN¥246.9mCN¥240.7mCN¥153.4mCN¥89.7mCN¥80.6mCN¥55.7mCN¥6.5mCN¥23.2m
Capital spending−CN¥98.3m−CN¥89.6m−CN¥53.0m−CN¥154.8m−CN¥208.0m−CN¥124.1m−CN¥60.3m−CN¥25.3m−CN¥26.3m−CN¥7.8m
Free cash flowCN¥157.2mCN¥165.1mCN¥193.9mCN¥85.9m−CN¥54.5m−CN¥34.4mCN¥20.2mCN¥30.4m−CN¥19.8mCN¥15.4m
Dividends paid−CN¥93.0m−CN¥95.0m−CN¥57.2m−CN¥52.3m−CN¥43.0m−CN¥43.0m−CN¥15.5m−CN¥14.6m−CN¥14.1m−CN¥5.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥335.4mCN¥294.0mCN¥291.7mCN¥304.6mCN¥280.6mCN¥238.7mCN¥266.7mCN¥250.4m
Operating incomeCN¥87.1mCN¥85.0mCN¥84.8mCN¥92.5mCN¥84.7mCN¥73.4mCN¥77.3mCN¥77.5m
Net incomeCN¥77.4mCN¥71.6mCN¥72.6mCN¥81.4mCN¥75.6mCN¥63.0mCN¥66.5mCN¥67.4m
Diluted earnings per share0.320.300.300.340.310.260.270.27
Cash from operations———CN¥93.0mCN¥21.0mCN¥18.0mCN¥133.0mCN¥28.0m
Capital spending−CN¥54.0m−CN¥32.0m−CN¥19.0m−CN¥21.0m−CN¥26.0m−CN¥30.0m−CN¥17.0m−CN¥22.0m
Free cash flow———CN¥72.0m−CN¥5.0m−CN¥12.0mCN¥116.0mCN¥6.0m
Total assetsCN¥2.96bnCN¥2.91bnCN¥2.26bnCN¥2.22bnCN¥1.96bnCN¥1.97bnCN¥1.97bnCN¥1.92bn
Cash and short-term investments——CN¥350.9mCN¥350.9mCN¥269.9mCN¥427.0mCN¥534.2mCN¥420.8m
DebtCN¥633.3mCN¥629.0m—CN¥270.3mCN¥68.9mCN¥68.2mCN¥96.1mCN¥95.5m
Shareholders' equityCN¥1.79bnCN¥1.83bnCN¥1.63bnCN¥1.63bnCN¥1.55bnCN¥1.57bnCN¥1.51bnCN¥1.44bn

Financial ratios

Data as of 30 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin30.1%29.7%27.5%28.8%31.6%30.7%———
Net margin26.2%26.2%24.4%28.4%27.7%27.4%———
Return on equity17.9%16.7%12.9%15.3%15.8%11.5%———
Return on assets12.9%12.7%9.9%12.2%13.2%10.2%———
Free cash flow yield1.0%1.0%0.9%1.1%1.0%0.6%———
Revenue growth16.2%34.9%7.5%6.0%54.6%28.2%———
Earnings growth16.4%44.5%-7.6%8.9%55.9%48.5%———
Current ratio3.41x3.29x3.79x4.84x6.27x8.84x———
Debt to equity—0.06x0.07x0.00x——0.03x0.09x0.29x
Equity ratio72.3%76.5%76.8%80.0%83.8%88.2%———
Interest coverage230.71x81.20x84.84x83.97x401.43x347.82x———
R&D as a share of sales5.8%6.4%6.7%5.8%5.6%4.9%———
Buybacks as a share of market value2.1%-4.8%5.0%-3.7%-0.7%-18.6%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue19.0%22.5%24.7%
Operating income20.7%22.0%34.3%
Net income15.8%21.4%32.0%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin29.9%29.2%29.7%28.4%
Net margin26.2%26.3%26.6%25.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Price to earnings39.537.542.525.542.027.533.4
Price to sales10.49.810.47.311.67.57.9

Dividends and splits

Per share, in the currency the company pays

Paid for 6 years. Last went ex-dividend on 10 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year0.3850.2960.2960.2690.1670.1370.137
  • 13-for-10 split · 29 May 2025
  • 1.49-for-1 split · 15 Jun 2023
  • 1.45-for-1 split · 8 Nov 2022

Sources and methodology

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

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.