Thinker Agricultural Machinery Co., Ltd. (SHA:603789)

China · Delayed Price · Currency is CNY

5.84

-0.06 (-1.02%)

Sep 30, 2026, 3:00 PM CST

SHA:603789 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	475.69	386.4	274.64	308.4	243.91	401.85
Revenue Growth	66.22%	40.70%	-10.95%	26.44%	-39.30%	61.76%
Gross Profit	40.21	0.17	-45.91	2.3	-14.13	-31.65
Operating Income	-101.01	-125.53	-153.36	-86.16	-152.03	-215.23
Net Income	-136.74	-98.99	-178.5	-55.79	-158.7	-185.46
Earnings Per Share	-0.51	-0.37	-0.65	-0.21	-0.61	-0.71
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025
Agricultural Machinery	298.75	209.46
Agricultural Services	-	13.03
Offset of Business Segment	-	-67.47
Structural Parts Business Division	-	231.38
Total	475.69	386.4

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	73.76	92.78	59.93	116.14	73.13	130.98
Total Debt	430.22	404.14	358.39	256.22	296.59	316.48
Net Cash (Debt)	-356.46	-311.36	-298.46	-140.07	-223.45	-185.5
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.32	-1.15	-1.09	-0.54	-0.86	-0.71

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	-60.34	-92.32	-56.67	17.31	-15.98	25.17
Capital Expenditures	-27.58	-27.16	-77.84	-98.67	-27.37	-8.86
Free Cash Flow	-87.92	-119.49	-134.51	-81.36	-43.35	16.3
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	8.45%	0.04%	-16.72%	0.75%	-5.79%	-7.88%
Operating Margin	-21.23%	-32.49%	-55.84%	-27.94%	-62.33%	-53.56%
Pretax Margin	-26.31%	-20.59%	-62.72%	-17.56%	-64.76%	-54.06%
Profit Margin	-28.74%	-25.62%	-64.99%	-18.09%	-65.06%	-46.15%
FCF Margin	-18.48%	-30.92%	-48.98%	-26.38%	-17.77%	4.06%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 3, 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
P/FCF Ratio	-	-	-	-	-	201.56
PS Ratio	3.20	3.58	7.33	9.06	9.17	8.18