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

China · Delayed Price · Currency is CNY

14.93

-0.77 (-4.90%)

Nov 13, 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	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	613.8	558.27	364.18	562.22	582.28	271.28
Revenue Growth	12.20%	53.29%	-35.22%	-3.45%	114.64%	427.43%
Gross Profit	243.95	195.15	108.32	281.82	370.28	151.56
Operating Income	132.79	78.78	6.81	163.35	193.08	51.04
Net Income	80.03	42.56	-151.07	107.53	162.93	70.72
Earnings Per Share	0.34	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	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	168.12	179.21	244.43	336.28	434.52	239.47
Total Debt	108.8	117.89	200.4	173.48	250.09	9.12
Net Cash (Debt)	59.32	61.32	44.03	162.81	184.43	230.35
Net Cash Growth	-20.03%	39.26%	-72.95%	-11.72%	-19.93%	-42.90%
Net Cash Per Share	0.25	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	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	45.75	65.27	104.77	352.17	122.48	60.2
Capital Expenditures	-41.44	-22.46	-36.31	-19.49	-22.42	-14.71
Free Cash Flow	4.31	42.8	68.46	332.68	100.07	45.49
Free Cash Flow Growth	-90.25%	-37.48%	-79.42%	232.45%	119.97%	-

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	39.75%	34.96%	29.74%	50.13%	63.59%	55.87%
Operating Margin	21.63%	14.11%	1.87%	29.05%	33.16%	18.82%
Pretax Margin	18.51%	12.46%	-36.55%	23.90%	33.12%	29.43%
Profit Margin	13.04%	7.62%	-41.48%	19.13%	27.98%	26.07%
FCF Margin	0.70%	7.67%	18.80%	59.17%	17.19%	16.77%

Dividends

Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Nov '26 Nov 14, 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	0.29%	0.22%	0.42%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 14, 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	44.20	105.13	-	44.45	90.59	189.93
Forward PE	-	106.44	54.90	8.63	38.41	150.78
P/FCF Ratio	807.85	104.52	45.98	14.37	147.50	295.27
PS Ratio	5.67	8.01	8.64	8.50	25.35	49.52