Liaoning Shidai Wanheng Co.,Ltd. (SHA:600241)

China · Delayed Price · Currency is CNY

8.74

-0.95 (-9.80%)

Oct 28, 2026, 3:00 PM CST

Liaoning Shidai Wanheng Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	509.25	383.27	400.88	653.88	936.09	780.86
Revenue Growth	33.21%	-4.39%	-38.69%	-30.15%	19.88%	51.36%
Gross Profit	55.81	78.57	113.42	164	243.55	221.73
Operating Income	-16.79	-11.73	16.56	57.72	102.29	97.72
Net Income	-144.83	-131.82	19.38	60.62	51.24	-13.38
Earnings Per Share	-0.38	-0.45	0.07	0.21	0.17	-0.05
EPS Growth	-	-	-66.67%	23.53%	-	-

Revenue by Segment

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Office Space for Rent	3.82	4.68	4.88
Offset of Business Segment	-2.34	-4.87	-2.89
Battery Manufacturing and Sales	381.79	401.08	651.89
Total	383.27	400.88	653.88

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	689.36	643.12	599.68	550.37	629.18	426.89
Total Debt	-	-	1.53	0.77	-	0.15
Net Cash (Debt)	689.36	643.12	598.16	549.6	629.18	426.74
Net Cash Growth	10.91%	7.52%	8.83%	-12.65%	47.44%	368.49%
Net Cash Per Share	1.82	2.20	2.16	1.90	2.09	1.59

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-84.09	65.18	47.92	-70.1	213.97	272.97
Capital Expenditures	-2.54	-1.37	-3.72	-16.73	-21.15	-20.07
Free Cash Flow	-86.63	63.81	44.2	-86.83	192.82	252.9
Free Cash Flow Growth	-	44.37%	-	-	-23.76%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	10.96%	20.50%	28.29%	25.08%	26.02%	28.39%
Operating Margin	-3.30%	-3.06%	4.13%	8.83%	10.93%	12.52%
Pretax Margin	-13.87%	-15.75%	4.71%	10.97%	8.68%	0.65%
Profit Margin	-28.44%	-34.39%	4.83%	9.27%	5.47%	-1.71%
FCF Margin	-17.01%	16.65%	11.03%	-13.28%	20.60%	32.39%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 28, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	101.58	43.55	56.06	-
P/FCF Ratio	-	38.51	44.55	-	14.90	10.93
PS Ratio	5.05	6.41	4.91	4.04	3.07	3.54