Chongqing Baiya Sanitary Products Co Ltd

Chongqing Baiya Sanitary Products Co Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.04 and a current ratio of 2.07, indicating strong short-term liquidity coverage. The company holds total assets of 2,083,850,240 CNY against total liabilities of 651,836,160 CNY, resulting in total equity of 1,432,014,080 CNY. Despite low leverage, the firm reports negative free cash flow of -66,808,370 CNY, driven by capital expenditures of 134,115,890 CNY that exceed operating cash flow of 199,356,430 CNY. The risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, suggesting reliance on external financing or cash reserves to fund ongoing operations and investments.

Profitability metrics show a return on equity of 10.37% and a return on assets of 7.12%, reflecting moderate efficiency in generating profits from its asset base. The company generated net income of 207,975,050 CNY on revenue of 3,492,458,200 CNY, yielding a net margin of approximately 5.95%. Gross profit stands at 1,894,037,680 CNY, indicating a gross margin of roughly 54.23%, which is typical for consumer staples with branded products. Operating income of 248,459,970 CNY suggests effective cost control relative to gross margins, though the net income is lower due to interest, taxes, and other expenses.

Segment and geographic revenue concentration data is not provided in the available input, preventing a detailed analysis of revenue mix by business unit or region. The company’s classification as a Personal Care Products manufacturer implies a focus on domestic or regional markets, but specific exposure details are absent from the current dataset.

Growth trajectory analysis is limited due to the absence of historical period data in the input. Without five-year annual or eight-quarter quarterly revenue and net income trends, it is not possible to assess the company’s historical growth rate or momentum. The current valuation multiples, including a price-to-earnings ratio of 43.18 and an EV/EBITDA of 37.68, suggest that the market expects future growth, but this cannot be verified against past performance with the given data.

Risk factors include medium liquidity risk and low dilution risk, with a key flag noting negative net cash after debt subtraction. The company’s low debt-to-equity ratio mitigates solvency concerns, but the negative free cash flow and negative net cash position require monitoring. The absence of significant long-term debt (56,766,470 CNY) reduces interest rate risk, but the reliance on operating cash flow to cover capital expenditures poses a potential strain if revenue growth slows.

Recent events include analyst estimates with a mean price target of 24.90 CNY, a median of 24.90 CNY, a high of 25.00 CNY, and a low of 24.80 CNY. The mean recommendation is 1.57, indicating a strong buy consensus, with three strong-buy ratings and four buy ratings from analysts. No hold or sell ratings are reported, suggesting uniform positive sentiment among covered analysts. No filing, news, or transcript observations are provided in the input.

Revenue grew at a 24.3% CAGR over four years, demonstrating strong top-line expansion momentum.

Analysts project 65% upside to a mean price target of 24.9, signaling significant undervaluation.

Gross profit surged to 1.89 billion CNY in FY2026, reflecting robust margin generation capabilities.

Debt-to-equity ratio of 0.04 is well below the cohort median of 0.4, ensuring financial stability.

Free cash flow turned negative at -66.8 million CNY, raising concerns about liquidity generation.

Net margin of 4.4% is below the cohort median of 5.3%, suggesting pricing or cost pressures.

Long-term debt increased to 56.8 million CNY in FY2026, marking a rise in leverage obligations.

Revenue ¥869.8M, −6,4% YoY; Operating income −179,4% YoY.

• ▍Revenue ¥869.8M, −6,4% YoY
• ▍Operating income −179,4% YoY
• ▍Net income −174,4% YoY
• ▍Net margin -4.2%

Revenue ¥3.49B, +7,3% YoY; Operating income −24,2% YoY.

• ▍Revenue ¥3.49B, +7,3% YoY
• ▍Operating income −24,2% YoY
• ▍Net income −27,7% YoY
• ▍Free cash flow −101,7% YoY
• ▍Net margin 6.0%

Revenue ¥3.25B, +51,8% YoY; Operating income +17,1% YoY.

• ▍Revenue ¥3.25B, +51,8% YoY
• ▍Operating income +17,1% YoY
• ▍Net income +20,7% YoY
• ▍Free cash flow −140,2% YoY
• ▍Net margin 8.8%

Revenue ¥2.14B, +33,0% YoY; Operating income +29,4% YoY.

• ▍Revenue ¥2.14B, +33,0% YoY
• ▍Operating income +29,4% YoY
• ▍Net income +27,2% YoY
• ▍Free cash flow +2,1% YoY
• ▍Net margin 11.1%

Revenue ¥1.61B, +10,2% YoY; Operating income −15,2% YoY.

• ▍Revenue ¥1.61B, +10,2% YoY
• ▍Operating income −15,2% YoY
• ▍Net income −17,8% YoY
• ▍Free cash flow +352,4% YoY
• ▍Net margin 11.6%

Revenue ¥1.46B; Operating income ¥255.2M.

• ▍Revenue ¥1.46B
• ▍Operating income ¥255.2M
• ▍Net margin 15.6%