Delixi New Energy Technology Co., Ltd. (SHA:603032)

China · Delayed Price · Currency is CNY

16.94

-0.30 (-1.74%)

Jul 28, 2026, 3:00 PM CST

SHA:603032 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	Mar '26 Mar 31, 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	609.3	558.27	364.18	562.22	582.28	271.28
Revenue Growth	49.01%	53.29%	-35.22%	-3.45%	114.64%	427.43%
Gross Profit	223.51	195.15	108.32	281.82	370.28	151.56
Operating Income	108.6	78.78	6.81	163.35	193.08	51.04
Net Income	68.74	42.56	-151.07	107.53	162.93	70.72
Earnings Per Share	0.29	0.18	-0.66	0.47	0.71	0.31
EPS Growth	-	-	-	-33.80%	125.90%	-

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
China	466.92
Foreign	73.06
Total	539.98

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	190.5	179.21	244.43	336.28	434.52	239.47
Total Debt	117.05	117.89	200.4	173.48	250.09	9.12
Net Cash (Debt)	73.45	61.32	44.03	162.81	184.43	230.35
Net Cash Growth	463.06%	39.26%	-72.95%	-11.72%	-19.93%	-42.90%
Net Cash Per Share	0.31	0.26	0.19	0.71	0.80	1.02

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	108.84	65.27	104.77	352.17	122.48	60.2
Capital Expenditures	-22.29	-22.46	-36.31	-19.49	-22.42	-14.71
Free Cash Flow	86.56	42.8	68.46	332.68	100.07	45.49
Free Cash Flow Growth	126.12%	-37.48%	-79.42%	232.45%	119.97%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	36.68%	34.96%	29.74%	50.13%	63.59%	55.87%
Operating Margin	17.82%	14.11%	1.87%	29.05%	33.16%	18.82%
Pretax Margin	16.39%	12.46%	-36.55%	23.90%	33.12%	29.43%
Profit Margin	11.28%	7.62%	-41.48%	19.13%	27.98%	26.07%
FCF Margin	14.21%	7.67%	18.80%	59.17%	17.19%	16.77%

Dividends

Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Jul '26 Jul 28, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Dividend Per Share	0.043	0.043	0.056
Dividend Per Share Growth	0%	-23.21%	-
Dividend Yield	0.25%	0.22%	0.42%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 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	58.49	105.13	-	44.45	90.59	189.93
Forward PE	-	106.44	54.90	8.63	38.41	107.71
P/FCF Ratio	45.64	104.52	45.98	14.37	147.50	295.27
PS Ratio	6.48	8.01	8.64	8.50	25.35	49.52