Solbar Ningbo Protein Technology Co., Ltd. (SHA:603231)

China · Delayed Price · Currency is CNY

16.89

+0.08 (0.48%)

Oct 28, 2026, 9:34 AM CST

SHA:603231 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	Jun '26 Jun 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	1,941	1,748	1,555	1,748	1,847	1,586
Revenue Growth	24.63%	12.39%	-11.04%	-5.33%	16.44%	24.05%
Gross Profit	269.62	289.51	182.7	236.62	243.89	222.02
Operating Income	187.16	214.53	115.42	163.56	176.52	153.77
Net Income	160.42	189.72	121.18	145.98	168.03	123.94
Earnings Per Share	0.84	0.99	0.63	1.05	1.17	0.86
EPS Growth	9.35%	57.14%	-40.00%	-10.26%	36.05%	26.47%

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
China	1,143
Overseas	605.42
Total	1,748

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	833.23	894.74	820.34	1,073	88.87	122.98
Total Debt	66.94	24.26	24.49	84.8	85.77	104.21
Net Cash (Debt)	766.29	870.48	795.85	988.35	3.1	18.77
Net Cash Growth	5.80%	9.38%	-19.48%	31800.49%	-83.50%	-83.05%
Net Cash Per Share	4.02	4.54	4.14	7.11	0.02	0.13

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	290.18	311.11	147.69	143.87	186.39	161.79
Capital Expenditures	-171.11	-189.99	-168.51	-99.67	-144.11	-160.53
Free Cash Flow	119.07	121.12	-20.83	44.2	42.27	1.26
Free Cash Flow Growth	-	-	-	4.57%	3254.04%	-98.99%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	13.89%	16.56%	11.75%	13.53%	13.21%	14.00%
Operating Margin	9.64%	12.27%	7.42%	9.35%	9.56%	9.70%
Pretax Margin	9.64%	12.79%	9.26%	9.85%	10.22%	8.99%
Profit Margin	8.27%	10.85%	7.79%	8.35%	9.10%	7.81%
FCF Margin	6.13%	6.93%	-1.34%	2.53%	2.29%	0.08%

Dividends

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
Dividend Per Share	0.370	0.370	0.300	0.500	0.300	0.400
Dividend Per Share Growth	23.33%	23.33%	-40.00%	66.67%	-25.00%	-20.00%
Dividend Yield	2.19%	2.02%	1.83%	2.13%	-	-

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	20.08	18.49	25.86	30.85	-	-
Forward PE	-	15.33	-	-	-	-
P/FCF Ratio	27.03	28.96	-	101.87	-	-
PS Ratio	1.66	2.01	2.02	2.58	-	-