Q 
Qingdao Daneng Environmental Protection Equipment Co 688501.SS · CNY
Industrials · Shanghai · 🇨🇳 China
12.42
+0.16%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.04bn
FY2017FY2025
Net income
CN¥180.9m
FY2017FY2025
Free cash flow
CN¥6.4m
FY2017FY2025
Shareholders' equity
CN¥1.12bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.04bn | CN¥1.31bn | CN¥1.03bn | CN¥762.2m | CN¥627.9m | CN¥557.6m | CN¥529.2m | CN¥587.0m | CN¥666.2m |
| Research and development | CN¥72.9m | CN¥57.5m | CN¥50.7m | CN¥32.7m | CN¥31.2m | CN¥25.4m | CN¥21.9m | CN¥21.5m | CN¥21.7m |
| Operating income | CN¥218.8m | CN¥116.2m | CN¥99.5m | CN¥79.3m | CN¥71.9m | CN¥56.6m | CN¥54.4m | CN¥62.8m | CN¥37.9m |
| Net income | CN¥180.9m | CN¥93.0m | CN¥86.7m | CN¥58.6m | CN¥55.9m | CN¥47.7m | CN¥46.3m | CN¥54.7m | CN¥34.3m |
| Diluted earnings per share | 1.46 | 0.82 | 0.66 | 0.54 | 0.43 | 0.61 | 0.37 | 0.44 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.85bn | CN¥3.08bn | CN¥1.93bn | CN¥1.69bn | CN¥1.41bn | CN¥1.11bn | CN¥1.03bn | CN¥941.1m | CN¥874.7m |
| Cash and short-term investments | — | CN¥356.7m | CN¥360.5m | CN¥340.2m | CN¥307.2m | CN¥155.4m | CN¥136.9m | CN¥111.0m | CN¥137.8m |
| Total liabilities | CN¥1.69bn | CN¥2.08bn | CN¥1.02bn | CN¥861.7m | CN¥643.7m | CN¥603.0m | CN¥578.0m | CN¥533.6m | CN¥522.6m |
| Debt | CN¥127.1m | CN¥518.6m | CN¥387.0m | CN¥298.7m | CN¥285.2m | CN¥254.6m | CN¥201.1m | CN¥163.6m | CN¥163.4m |
| Shareholders' equity | CN¥1.12bn | CN¥957.8m | CN¥879.0m | CN¥799.9m | CN¥758.1m | CN¥502.2m | CN¥454.1m | CN¥407.8m | CN¥352.9m |
| Shares outstanding | 124m | 114m | 132m | 108m | 130m | 79m | 124m | 124m | 124m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥80.9m | −CN¥185.8m | CN¥141,358 | CN¥65.2m | −CN¥41.8m | −CN¥45.1m | −CN¥28.5m | −CN¥7.7m | CN¥40.9m |
| Capital spending | −CN¥74.5m | −CN¥329.6m | −CN¥57.4m | −CN¥61.0m | −CN¥32.0m | −CN¥10.8m | −CN¥15.5m | −CN¥10.6m | −CN¥3.7m |
| Free cash flow | CN¥6.4m | −CN¥515.4m | −CN¥57.3m | CN¥4.2m | −CN¥73.8m | −CN¥55.9m | −CN¥44.0m | −CN¥18.2m | CN¥37.2m |
| Dividends paid | −CN¥48.5m | −CN¥47.7m | −CN¥22.3m | −CN¥17.0m | −CN¥11.2m | −CN¥11.1m | −CN¥8.1m | −CN¥7.8m | −CN¥7.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥482.4m | CN¥370.3m | CN¥572.7m | CN¥283.6m | CN¥567.4m | CN¥618.5m | CN¥545.2m | CN¥254.9m |
| Operating income | CN¥59.4m | CN¥41.5m | CN¥66.6m | CN¥17.1m | CN¥56.1m | CN¥83.0m | CN¥72.8m | CN¥13.6m |
| Net income | CN¥24.0m | CN¥28.3m | CN¥56.8m | CN¥15.8m | CN¥39.6m | CN¥68.7m | CN¥59.2m | CN¥9.8m |
| Diluted earnings per share | 0.19 | 0.23 | 0.46 | 0.13 | 0.32 | 0.56 | 0.52 | 0.09 |
| Cash from operations | — | — | — | −CN¥19.0m | CN¥84.0m | −CN¥81.0m | — | −CN¥193.0m |
| Capital spending | −CN¥33.0m | −CN¥16.0m | −CN¥17.0m | −CN¥1.0m | −CN¥29.0m | −CN¥26.0m | −CN¥30.0m | −CN¥38.0m |
| Free cash flow | — | — | — | −CN¥20.0m | CN¥55.0m | −CN¥107.0m | — | −CN¥231.0m |
| Total assets | CN¥3.04bn | CN¥2.91bn | CN¥2.85bn | CN¥2.84bn | CN¥2.84bn | CN¥2.74bn | CN¥3.08bn | CN¥2.69bn |
| Cash and short-term investments | — | — | — | CN¥273.6m | CN¥330.5m | CN¥298.5m | CN¥356.7m | CN¥319.9m |
| Debt | CN¥161.3m | CN¥143.1m | CN¥127.1m | CN¥668.0m | CN¥569.8m | CN¥646.0m | CN¥511.3m | CN¥660.7m |
| Shareholders' equity | CN¥1.14bn | CN¥1.15bn | CN¥1.12bn | CN¥1.07bn | CN¥1.04bn | CN¥1.03bn | CN¥957.8m | CN¥895.2m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 10.7% | 10.6% | 10.9% | 11.9% | 13.3% | 12.7% |
| Net margin | 8.9% | 7.1% | 8.4% | 7.7% | 8.9% | 8.6% |
| Return on equity | 16.1% | 9.7% | 9.9% | 7.3% | 7.4% | 9.5% |
| Return on assets | 6.3% | 3.0% | 4.5% | 3.5% | 4.0% | 4.3% |
| Free cash flow yield | 9.5% | 9.6% | 3.3% | 8.9% | -0.6% | -3.3% |
| Revenue growth | 55.4% | 27.7% | 35.0% | 21.4% | 12.6% | 5.4% |
| Earnings growth | 94.6% | 7.3% | 48.0% | 4.8% | 17.0% | 3.1% |
| Current ratio | 1.38x | 1.44x | 1.64x | 1.66x | 1.91x | 1.58x |
| Debt to equity | 0.11x | 0.53x | 0.44x | 0.45x | 0.42x | 0.52x |
| Equity ratio | 39.3% | 31.1% | 45.6% | 47.4% | 53.6% | 45.1% |
| Interest coverage | 11.23x | 6.13x | 8.54x | 7.18x | 6.87x | 4.96x |
| R&D as a share of sales | 3.6% | 4.4% | 4.9% | 4.3% | 5.0% | 4.6% |
| Buybacks as a share of market value | -8.8% | 13.6% | -21.6% | 16.5% | -64.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 38.9% | 29.6% | — |
| Operating income | 40.3% | 31.1% | — |
| Net income | 45.7% | 30.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 12.9 | 12.3 | 18.1 | 26.2 | 27.9 |
| Price to sales | 1.1 | 0.9 | 1.5 | 2.0 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 6 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.28 | 0.171 | 0.157 | 0.071 | 0.099 |
- 13-for-10 split · 26 Jun 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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