GRINM Semiconductor Materials Co., Ltd. (SHA:688432)

China · Delayed Price · Currency is CNY

33.71

-0.19 (-0.56%)

At close: Nov 9, 2026

SHA:688432 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	Sep '26 Sep 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	1,232	1,005	995.95	960.4	1,175	869.16
Revenue Growth	16.52%	0.93%	3.70%	-18.29%	35.23%	56.16%
Gross Profit	422.13	363.59	367.84	321.47	448.4	241.53
Operating Income	270.28	225.14	239.3	192.34	315.66	80.15
Net Income	416.92	209.28	232.9	254.18	351.33	148.36
Earnings Per Share	0.33	0.17	0.19	0.20	0.32	0.15
EPS Growth	116.24%	-10.10%	-6.45%	-37.50%	113.33%	71.90%

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
China	654.05
Other Countries and Regions	327.06
Total	981.11

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	2,734	2,577	2,940	2,856	2,954	1,095
Total Debt	190.56	5.52	6.98	11.1	3.03	3.41
Net Cash (Debt)	2,543	2,572	2,933	2,845	2,951	1,091
Net Cash Growth	0.91%	-12.32%	3.08%	-3.60%	170.41%	62.71%
Net Cash Per Share	2.04	2.07	2.36	2.28	2.69	1.10

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	300.57	274.19	229.37	266.64	430.35	322.74
Capital Expenditures	-361.74	-143.79	-218.67	-106.88	-175.98	-307.63
Free Cash Flow	-61.17	130.4	10.7	159.77	254.38	15.11
Free Cash Flow Growth	-	1118.95%	-93.30%	-37.19%	1583.27%	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	34.26%	36.17%	36.93%	33.47%	38.15%	27.79%
Operating Margin	21.93%	22.40%	24.03%	20.03%	26.86%	9.22%
Pretax Margin	40.76%	28.57%	31.96%	33.78%	36.52%	21.48%
Profit Margin	33.84%	20.82%	23.39%	26.47%	29.89%	17.07%
FCF Margin	-4.96%	12.97%	1.07%	16.63%	21.64%	1.74%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Nov '26 Nov 9, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	0.055	0.055	-	0.070
Dividend Per Share Growth	-8.33%	-	-	-
Dividend Yield	0.16%	0.44%	-	0.57%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 9, 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	100.83	73.93	60.36	60.62	47.02	-
Forward PE	161.43	49.64	42.24	30.88	-	-
P/FCF Ratio	-	118.65	1314.09	96.44	64.94	-
PS Ratio	34.30	15.39	14.12	16.04	14.05	-