PerpEquities

Jiangsu Etern Company Limited (Yongding) (YONGDING) financials

SHH · Technology · Communication Equipment · 3,445 employees · CEO Qinghai Lu

Price
CN¥21.75 -7.96%
Market cap
CN¥31.8B
Enterprise value
CN¥34.6B
Last report
Q3 '26 filed 2026-09-30
Next report
2027-04-27
Revenue (TTM)CN¥7.09B+48.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)11.4%+4.8 pp vs a year agoOperating income CN¥809M
Net income (TTM)CN¥647M+94.3% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-CN¥113M+15.5% vs a year agoCapex CN¥912M
Diluted EPS (TTM)CN¥0.44+95.1% vs a year agoSum of the last 4 quarters
Net cash-CN¥2.74B-20.8% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
CN¥31.8B
EV CN¥34.6B
Revenue
CN¥7.09B
Trailing 12 months
Revenue growth
+50%
FY2026 consensus
Profit margin
9.1%
Net income / revenue, TTM
P/E
48.9×
Forward 24.2× (FY2026)
P/S
4.5×
Price / sales, TTM
EV / EBITDA
37.8×
TTM
Free cash flow
-CN¥113M
Trailing 12 months
Net income
CN¥647M
Trailing 12 months
Revenue estimate
CN¥7.93B
FY2026 consensus
Earnings
2027-04-27
Dividend
CN¥0.05
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth accelerating: 52.6% year on yearQ3 '26 revenue CN¥2.09B, against an average of 39.5% over the four quarters before.
  • Operating margin 11.4% (TTM), +4.8 pp on a year agoOperating income grew 154.7% while revenue grew 48.6%.
  • 16.8% of pre-tax profit is eaten by non-operating lossesPre-tax income CN¥693M vs operating income CN¥809M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
  • Capex 12.9% of revenue (a year ago 6.8%)CN¥912M invested in the last 4 quarters (+180.8% on a year earlier). Free cash flow -CN¥113M = -17.5% of net income.
  • Diluted share count down 0.1% in a year1.46B diluted shares in Q3 '26, 1.46B a year earlier.
  • Net debt CN¥2.74BCash + short-term investments CN¥2.12B, debt incl. leases CN¥4.87B; a year ago net debt CN¥2.27B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCN¥2.09BCN¥1.37B+52.6%
Gross margin29.8%14.3%+15.5 pp
Operating incomeCN¥279MCN¥30.7M+810.4%
Operating margin13.4%2.2%+11.1 pp
Net incomeCN¥239MCN¥10.6M+2,165.4%
Diluted EPSCN¥0.16CN¥0.01+2,122.2%
Operating cash flowCN¥143MCN¥56.5M+152.6%
CapexCN¥294MCN¥118M+149.7%
Free cash flow-CN¥151M-CN¥61.2M-147.1%
R&DCN¥136MCN¥76.2M+78.8%
Stock-based compensationCN¥0CN¥0–

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CN¥799M
Capex
-CN¥912M
Buybacks
CN¥0
Dividends
-CN¥24.4M
Acquisitions
CN¥53.1M
Net debt issued
CN¥622M
Stock-based compensation
CN¥0
Free cash flow
-CN¥113M
Returned to shareholders / FCF
-21.6%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)48.9×109.7×21.3× – 184.7×
EV / EBITDA37.8×86.8×24.7× – 253.8×
EV / Sales4.9×3.0×1.4× – 7.4×
Price / FCF-281.2×––
Price / Book8.2×4.2×1.6× – 11.5×
FCF yield-0.4%-8.3%-17.7% – -0.0%
Return on invested capital8.0%1.9%0.5% – 3.5%
Return on equity18.5%4.5%1.5% – 7.4%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥7.93B+50.3%CN¥0.90+462.5%24.2×1
FY2027CN¥13.1B+64.6%CN¥1.99+120.9%10.9×1
FY2028CN¥16.7B+27.8%CN¥2.50+25.8%8.7×1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01