Qingdao Gaoce Technology Co., Ltd. (SHA:688556)

China · Delayed Price · Currency is CNY

7.51

-0.10 (-1.31%)

Sep 14, 2026, 3:00 PM CST

Qingdao Gaoce Technology 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	3,781	3,650	4,474	6,184	3,571	1,567
Revenue Growth	15.31%	-18.43%	-27.65%	73.19%	127.92%	109.97%
Gross Profit	352.2	469.75	801.3	2,540	1,414	495.71
Operating Income	-73.42	3.18	-53.98	1,676	863.83	195.24
Net Income	-441.92	-40.58	-44.23	1,461	788.61	172.69
Earnings Per Share	-0.52	-0.05	-0.06	1.95	1.09	0.24
EPS Growth	-	-	-	78.28%	357.27%	144.33%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Photovoltaic Industry	2,902
Other Industry	336.22
Total	3,238

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	1,216	575.21	585.38	2,364	954.88	527.71
Total Debt	1,876	1,574	1,800	634.16	470.66	127.12
Net Cash (Debt)	-659.61	-999.09	-1,215	1,730	484.22	400.58
Net Cash Growth	-	-	-	257.22%	20.88%	52.66%
Net Cash Per Share	-0.77	-1.23	-1.65	2.31	0.67	0.55

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	474.61	-328.03	-1,261	1,194	224	76.5
Capital Expenditures	-57.87	-92.5	-284.77	-297.02	-203.33	-83.15
Free Cash Flow	416.73	-420.53	-1,546	896.83	20.66	-6.66
Free Cash Flow Growth	-	-	-	4240.14%	-	-

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	9.31%	12.87%	17.91%	41.08%	39.59%	31.64%
Operating Margin	-1.94%	0.09%	-1.21%	27.10%	24.19%	12.46%
Pretax Margin	-11.73%	-0.26%	-2.06%	26.67%	24.77%	11.94%
Profit Margin	-11.69%	-1.11%	-0.99%	23.63%	22.09%	11.02%
FCF Margin	11.02%	-11.52%	-34.55%	14.50%	0.58%	-0.43%

Dividends

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.400	0.647	0.112	0.041
Dividend Per Share Growth	-38.20%	480.02%	172.20%	63.35%
Dividend Yield	5.10%	3.95%	0.51%	0.29%

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	-	-	-	9.05	21.68	63.25
Forward PE	32.43	76.24	15.91	7.35	20.58	33.12
P/FCF Ratio	14.97	-	-	14.74	827.52	-
PS Ratio	1.65	2.60	1.37	2.14	4.79	6.97