Zhejiang Chenfeng Technology Co., Ltd. (SHA:603685)

China · Delayed Price · Currency is CNY

28.06

+0.62 (2.26%)

Sep 11, 2026, 3:00 PM CST

SHA:603685 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	1,071	1,129	1,266	1,243	1,162	1,548
Revenue Growth	-12.20%	-10.78%	1.83%	6.94%	-24.92%	32.00%
Gross Profit	181.14	165.56	187.05	178.46	114.71	286.35
Operating Income	52.8	31.9	53.01	55.99	2.05	136.66
Net Income	30	22.04	8.05	83.86	-40.45	100.53
Earnings Per Share	0.14	0.13	0.05	0.50	-0.24	0.59
EPS Growth	142.50%	160.00%	-90.00%	-	-	-1.67%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Intersegment Offset	-1.47
New Energy Business	237.18
Lighting Business	893.6
Total	1,129

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	532.03	534.12	192.19	323.07	383.22	522.28
Total Debt	1,402	1,278	1,816	1,766	835.81	974.5
Net Cash (Debt)	-869.87	-744	-1,624	-1,443	-452.59	-452.23
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.04	-4.39	-10.09	-8.60	-2.69	-2.65

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	287.37	372.17	199.27	113.43	306.63	-11.78
Capital Expenditures	-541.04	-386.11	-304.87	-185.64	-237.18	-237.87
Free Cash Flow	-253.67	-13.94	-105.6	-72.21	69.45	-249.65
Free Cash Flow Growth	-	-	-	-	-	-

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	16.91%	14.66%	14.78%	14.36%	9.87%	18.50%
Operating Margin	4.93%	2.82%	4.19%	4.50%	0.18%	8.83%
Pretax Margin	2.58%	1.20%	-0.31%	7.50%	-4.86%	8.01%
Profit Margin	2.80%	1.95%	0.64%	6.75%	-3.48%	6.49%
FCF Margin	-23.68%	-1.23%	-8.34%	-5.81%	5.97%	-16.13%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Dividend Per Share	0.030	0.030	0.022	0.150	-	0.120
Dividend Per Share Growth	36.36%	36.36%	-85.33%	-	-	-40.00%
Dividend Yield	0.11%	0.15%	0.19%	1.00%	-	0.98%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	201.25	221.89	247.03	30.81	-	21.05
P/FCF Ratio	-	-	-	-	22.88	-
PS Ratio	6.63	4.33	1.57	2.08	1.37	1.37