EmbedWay Technologies (Shanghai) Corporation (SHA:603496)

China · Delayed Price · Currency is CNY

26.26

+0.78 (3.06%)

Jul 24, 2026, 3:00 PM CST

SHA:603496 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	1,100	1,047	1,117	771.42	770.53	678.21
Revenue Growth	11.97%	-6.31%	44.83%	0.11%	13.61%	27.21%
Gross Profit	273.95	264.72	331.9	323.32	301.47	234.55
Operating Income	36.29	31.79	38.37	62.86	47.15	1.88
Net Income	48.65	34.94	26.85	78.78	76.22	53.44
Earnings Per Share	0.15	0.11	0.08	0.25	0.27	0.18
EPS Growth	-	30.19%	-66.81%	-7.81%	49.59%	41.94%

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
China	1,041
Foreign	5
Total	1,046

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	388.83	365.68	308.97	442.64	325.49	332.52
Total Debt	184.96	148.22	362.44	246.19	222.83	121.62
Net Cash (Debt)	203.87	217.47	-53.47	196.45	102.66	210.9
Net Cash Growth	-	-	-	91.36%	-51.32%	421.09%
Net Cash Per Share	0.64	0.68	-0.17	0.63	0.37	0.72

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	154.82	154.99	2.48	69.94	24.72	-65.96
Capital Expenditures	-6.75	-9.02	-17.38	-45.26	-54.86	-54.17
Free Cash Flow	148.07	145.97	-14.9	24.68	-30.14	-120.13
Free Cash Flow Growth	-	-	-	-	-	-

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	24.90%	25.29%	29.71%	41.91%	39.13%	34.58%
Operating Margin	3.30%	3.04%	3.44%	8.15%	6.12%	0.28%
Pretax Margin	4.42%	3.27%	3.06%	10.02%	9.72%	7.93%
Profit Margin	4.42%	3.34%	2.40%	10.21%	9.89%	7.88%
FCF Margin	13.46%	13.95%	-1.33%	3.20%	-3.91%	-17.71%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 25, 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	0.025	0.025	0.040	-	0.050	0.036
Dividend Per Share Growth	-37.50%	-37.50%	-	-	40.06%	-
Dividend Yield	0.10%	0.09%	0.15%	-	0.46%	0.33%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 25, 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	172.82	250.02	324.16	126.65	45.46	66.12
Forward PE	-	43.30	48.32	64.92	34.87	28.18
P/FCF Ratio	56.79	59.84	-	404.21	-	-
PS Ratio	7.64	8.35	7.79	12.93	4.50	5.21