GoodWe Technologies Co., Ltd. (SHA:688390)

China · Delayed Price · Currency is CNY

58.87

-0.92 (-1.54%)

Sep 23, 2026, 3:00 PM CST

GoodWe Technologies 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	11,053	8,889	6,738	7,353	4,710	2,678
Revenue Growth	43.99%	31.93%	-8.36%	56.10%	75.88%	68.53%
Gross Profit	2,648	1,839	1,309	2,159	1,500	829.38
Operating Income	538.02	16.42	-167.23	849.84	585.87	313.25
Net Income	437.98	134.91	-61.81	852.1	649.29	279.54
Earnings Per Share	1.80	0.56	-0.26	3.50	2.67	1.16
EPS Growth	-	-	-	31.02%	130.65%	-12.69%

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
China	5,250
Overseas	3,639
Total	8,889

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	2,045	1,544	1,088	1,839	1,657	1,302
Total Debt	1,790	1,373	1,808	500.13	215.28	20.87
Net Cash (Debt)	255.38	171.15	-719.9	1,339	1,442	1,281
Net Cash Growth	-	-	-	-7.14%	12.54%	-5.85%
Net Cash Per Share	1.05	0.71	-3.03	5.50	5.93	5.31

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	840.6	644.64	-792.97	1,034	874.5	296.06
Capital Expenditures	-194.22	-126.25	-495.33	-565.3	-486.02	-318.66
Free Cash Flow	646.38	518.39	-1,288	468.78	388.48	-22.6
Free Cash Flow Growth	-	-	-	20.67%	-	-

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	23.95%	20.69%	19.43%	29.36%	31.85%	30.97%
Operating Margin	4.87%	0.18%	-2.48%	11.56%	12.44%	11.70%
Pretax Margin	3.74%	1.18%	-0.99%	13.65%	14.65%	11.06%
Profit Margin	3.96%	1.52%	-0.92%	11.59%	13.79%	10.44%
FCF Margin	5.85%	5.83%	-19.12%	6.38%	8.25%	-0.84%

Dividends

Fiscal Year	FY 2023	FY 2022	FY 2021
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.536	0.816	0.437
Dividend Per Share Growth	-34.38%	86.69%	0%
Dividend Yield	0.58%	0.50%	0.27%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 23, 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	33.14	110.61	-	26.49	61.31	144.68
Forward PE	16.09	37.39	16.11	13.61	45.63	69.07
P/FCF Ratio	22.20	28.79	-	48.16	102.46	-
PS Ratio	1.30	1.68	1.47	3.07	8.45	15.10