NARI Technology Co Ltd
SSE:600406

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NARI Technology Co Ltd Logo
NARI Technology Co Ltd
SSE:600406
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Price: 22.7 CNY 1.29% Market Closed
Market Cap: 182.3B CNY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+42%
5Y
+80%
10Y
+672%
Operating Income
+
3Y
+25%
5Y
+51%
10Y
+879%
Net Income
+
3Y
+31%
5Y
+68%
10Y
+765%

Earnings Waterfall
NARI Technology Co Ltd

Revenue
63.7B CNY
Cost of Revenue
-48.1B CNY
Gross Profit
15.6B CNY
Operating Expenses
-6.8B CNY
Operating Income
8.8B CNY
Other Expenses
-806.3m CNY
Net Income
8B CNY

Income Statement
NARI Technology Co Ltd

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Income Statement
Currency: CNY
Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
2
0
0
0
3
0
0
0
7
0
0
0
17
0
0
0
29
0
0
0
24
0
0
0
28
0
0
0
8
0
0
0
102
0
0
34
87
55
0
29
44
47
66
83
75
82
75
73
69
67
63
64
74
71
71
55
47
46
54
50
38
36
27
32
29
28
0
0
Revenue
373
N/A
415
+11%
408
-2%
422
+3%
474
+12%
509
+7%
583
+15%
642
+10%
749
+17%
774
+3%
779
+1%
821
+5%
897
+9%
901
+0%
970
+8%
1 032
+6%
1 082
+5%
1 125
+4%
1 261
+12%
1 362
+8%
1 377
+1%
1 485
+8%
1 531
+3%
1 636
+7%
1 779
+9%
1 863
+5%
2 269
+22%
2 591
+14%
3 036
+17%
3 322
+9%
3 519
+6%
3 843
+9%
4 660
+21%
4 768
+2%
5 076
+6%
5 259
+4%
8 309
+58%
9 141
+10%
9 809
+7%
10 101
+3%
9 576
-5%
11 050
+15%
11 027
0%
11 039
+0%
8 907
-19%
8 453
-5%
8 067
-5%
8 249
+2%
9 712
+18%
9 940
+2%
10 709
+8%
11 796
+10%
28 248
+139%
30 053
+6%
33 244
+11%
35 287
+6%
24 194
-31%
24 831
+3%
25 961
+5%
27 653
+7%
28 540
+3%
28 448
0%
28 917
+2%
28 560
-1%
32 424
+14%
32 547
+0%
33 644
+3%
35 342
+5%
38 502
+9%
39 550
+3%
41 153
+4%
41 637
+1%
42 411
+2%
43 245
+2%
43 930
+2%
44 796
+2%
46 829
+5%
47 269
+1%
48 756
+3%
49 780
+2%
51 573
+4%
53 077
+3%
53 437
+1%
55 319
+4%
57 417
+4%
58 614
+2%
61 546
+5%
63 680
+3%
Gross Profit
Cost of Revenue
(253)
(277)
(271)
(272)
(307)
(332)
(386)
(434)
(515)
(537)
(540)
(571)
(632)
(637)
(697)
(750)
(781)
(803)
(872)
(930)
(952)
(1 024)
(1 056)
(1 146)
(1 249)
(1 318)
(1 626)
(1 869)
(2 122)
(2 357)
(2 456)
(2 675)
(3 249)
(3 319)
(3 540)
(3 688)
(5 920)
(6 659)
(7 270)
(7 425)
(6 982)
(8 157)
(8 077)
(8 240)
(6 492)
(6 338)
(6 263)
(6 269)
(7 272)
(7 542)
(8 031)
(8 874)
(21 342)
(22 895)
(24 828)
(26 108)
(16 947)
(17 611)
(18 610)
(20 017)
(20 367)
(20 556)
(20 867)
(20 381)
(23 225)
(23 562)
(24 310)
(25 575)
(28 399)
(29 242)
(30 341)
(30 685)
(31 094)
(31 804)
(32 341)
(32 999)
(34 302)
(34 596)
(35 685)
(36 345)
(37 805)
(39 376)
(39 339)
(40 765)
(42 186)
(43 497)
(46 114)
(48 068)
Gross Profit
120
N/A
138
+15%
137
-1%
150
+9%
167
+11%
177
+6%
198
+12%
210
+6%
234
+11%
239
+2%
240
+0%
250
+4%
265
+6%
264
0%
273
+3%
282
+3%
300
+6%
321
+7%
388
+21%
430
+11%
424
-1%
460
+8%
474
+3%
489
+3%
530
+8%
544
+3%
642
+18%
722
+12%
914
+27%
966
+6%
1 064
+10%
1 169
+10%
1 411
+21%
1 448
+3%
1 535
+6%
1 571
+2%
2 388
+52%
2 482
+4%
2 539
+2%
2 674
+5%
2 593
-3%
2 892
+12%
2 949
+2%
2 799
-5%
2 415
-14%
2 116
-12%
1 805
-15%
1 980
+10%
2 440
+23%
2 396
-2%
2 676
+12%
2 920
+9%
6 906
+137%
7 158
+4%
8 416
+18%
9 180
+9%
7 247
-21%
7 221
0%
7 352
+2%
7 637
+4%
8 173
+7%
7 892
-3%
8 050
+2%
8 179
+2%
9 199
+12%
8 985
-2%
9 333
+4%
9 767
+5%
10 103
+3%
10 307
+2%
10 813
+5%
10 951
+1%
11 317
+3%
11 441
+1%
11 588
+1%
11 797
+2%
12 527
+6%
12 673
+1%
13 072
+3%
13 435
+3%
13 768
+2%
13 701
0%
14 098
+3%
14 554
+3%
15 232
+5%
15 117
-1%
15 432
+2%
15 612
+1%
Operating Income
Operating Expenses
(69)
(73)
(78)
(85)
(95)
(104)
(114)
(125)
(143)
(145)
(153)
(163)
(157)
(161)
(177)
(184)
(194)
(212)
(247)
(270)
(305)
(326)
(315)
(321)
(334)
(345)
(399)
(426)
(464)
(495)
(495)
(537)
(590)
(621)
(660)
(697)
(1 110)
(1 109)
(1 127)
(1 186)
(1 102)
(1 194)
(1 213)
(1 212)
(1 161)
(1 068)
(1 087)
(1 079)
(1 176)
(1 125)
(1 151)
(1 209)
(3 492)
(3 592)
(4 126)
(4 277)
(3 007)
(2 895)
(2 604)
(2 884)
(3 319)
(3 156)
(3 449)
(3 559)
(4 072)
(3 875)
(3 906)
(3 924)
(4 309)
(4 370)
(4 456)
(4 505)
(4 684)
(4 546)
(4 707)
(4 763)
(5 222)
(5 167)
(5 324)
(5 473)
(5 733)
(5 605)
(5 818)
(6 154)
(6 832)
(6 575)
(6 753)
(6 813)
Selling, General & Administrative
(69)
(74)
(79)
(86)
(95)
(105)
(115)
(126)
(143)
(145)
(147)
(155)
(146)
(149)
(166)
(170)
(183)
(199)
(222)
(249)
(289)
(304)
(298)
(303)
(317)
(330)
(377)
(389)
(427)
(449)
(442)
(472)
(516)
(538)
(565)
(597)
(1 012)
(958)
(963)
(1 005)
(996)
(1 012)
(1 037)
(1 040)
(1 035)
(940)
(990)
(1 004)
(1 036)
(1 045)
(1 060)
(1 082)
(2 917)
(3 518)
(4 053)
(4 175)
(2 154)
(2 309)
(2 304)
(2 435)
(2 307)
(2 517)
(2 321)
(2 386)
(2 624)
(2 513)
(2 464)
(2 528)
(2 790)
(2 696)
(2 784)
(2 745)
(2 789)
(2 766)
(2 824)
(2 854)
(3 113)
(3 002)
(3 101)
(3 156)
(3 462)
(3 466)
(3 555)
(3 785)
(3 976)
(3 898)
(4 052)
(4 056)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(58)
0
0
0
(61)
0
0
0
(78)
0
0
0
(86)
0
0
0
(310)
0
0
(267)
(1 150)
(1 052)
0
(1 107)
(1 444)
(1 241)
(1 558)
(1 623)
(1 651)
(1 831)
(1 902)
(1 874)
(1 755)
(1 912)
(1 961)
(2 068)
(2 054)
(2 188)
(2 250)
(2 269)
(2 258)
(2 518)
(2 608)
(2 656)
(2 578)
(2 810)
(2 946)
(3 085)
(3 060)
(3 321)
(3 320)
(3 442)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(36)
0
0
0
(40)
0
0
0
(44)
0
0
0
(51)
0
0
0
(252)
0
0
0
(272)
0
0
0
(222)
0
0
0
(239)
0
0
0
(234)
0
0
0
(239)
0
0
0
(291)
0
0
0
(349)
0
0
0
(461)
0
0
0
Other Operating Expenses
0
0
0
0
0
0
0
0
0
(1)
(6)
(7)
(11)
(11)
(11)
(13)
(12)
(13)
(25)
(21)
(15)
(21)
(15)
(17)
(18)
(14)
(22)
(37)
(38)
(45)
(52)
(64)
(74)
(83)
(95)
(101)
(3)
(151)
(164)
(179)
(4)
(181)
(175)
(172)
(4)
(128)
(97)
(76)
(4)
(81)
(92)
(126)
(12)
(72)
(73)
167
570
468
(300)
659
655
602
430
450
442
470
462
480
470
239
288
308
399
408
367
360
440
353
386
339
656
671
683
716
666
645
619
684
Operating Income
51
N/A
64
+25%
59
-8%
65
+10%
72
+11%
73
+1%
83
+14%
84
+1%
91
+8%
94
+3%
88
-6%
88
N/A
109
+24%
103
-6%
95
-8%
98
+3%
106
+8%
110
+4%
142
+29%
162
+14%
120
-26%
135
+13%
160
+19%
169
+6%
196
+16%
201
+3%
246
+22%
297
+21%
450
+52%
471
+5%
568
+21%
632
+11%
821
+30%
828
+1%
876
+6%
874
0%
1 279
+46%
1 373
+7%
1 412
+3%
1 490
+6%
1 492
+0%
1 699
+14%
1 737
+2%
1 587
-9%
1 254
-21%
1 046
-17%
716
-32%
899
+26%
1 264
+41%
1 271
+1%
1 524
+20%
1 711
+12%
3 415
+100%
3 566
+4%
4 292
+20%
4 904
+14%
4 241
-14%
4 325
+2%
4 746
+10%
4 751
+0%
4 855
+2%
4 736
-2%
4 601
-3%
4 620
+0%
5 127
+11%
5 110
0%
5 428
+6%
5 843
+8%
5 794
-1%
5 937
+2%
6 355
+7%
6 446
+1%
6 634
+3%
6 895
+4%
6 881
0%
7 034
+2%
7 305
+4%
7 507
+3%
7 748
+3%
7 962
+3%
8 035
+1%
8 096
+1%
8 280
+2%
8 400
+1%
8 400
0%
8 542
+2%
8 679
+2%
8 799
+1%
Pre-Tax Income
Interest Income Expense
1
0
2
4
8
8
8
7
6
6
8
7
9
10
8
8
7
6
6
6
11
9
15
16
9
9
16
13
22
23
9
8
9
3
1
1
(5)
(6)
(5)
(5)
(4)
(15)
(17)
(17)
(6)
(6)
(4)
2
19
19
26
28
24
(2)
(22)
(75)
(43)
(63)
30
156
143
208
189
161
145
147
129
46
80
83
72
158
208
179
328
420
537
479
476
408
541
563
515
516
706
674
705
731
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
(1)
1
1
4
4
4
4
1
0
0
0
0
(19)
(19)
(19)
(19)
0
0
(0)
(0)
2
2
2
4
9
8
8
5
(1)
(1)
(2)
(0)
(0)
(0)
(0)
1
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
(3)
0
0
0
(1)
0
0
0
(1)
0
0
0
(3)
0
0
0
(1)
0
0
0
(1)
0
0
0
(2)
0
0
0
Total Other Income
10
8
14
14
12
14
11
13
16
15
19
18
22
27
38
48
53
54
53
51
65
66
64
72
74
79
81
81
111
116
111
93
149
162
163
203
211
242
276
308
309
333
335
287
213
228
195
214
255
258
273
280
595
548
528
490
43
46
44
36
22
25
29
25
28
22
33
37
61
63
43
45
25
21
42
41
34
44
25
17
26
19
22
23
25
18
17
20
Pre-Tax Income
61
N/A
73
+20%
75
+3%
83
+11%
92
+11%
95
+3%
102
+7%
103
+1%
113
+10%
115
+2%
113
-2%
111
-2%
140
+26%
140
N/A
141
+1%
154
+9%
167
+8%
170
+2%
202
+19%
220
+9%
196
-11%
211
+8%
239
+13%
257
+8%
279
+9%
287
+3%
343
+20%
391
+14%
582
+49%
609
+5%
688
+13%
733
+7%
979
+34%
992
+1%
1 039
+5%
1 077
+4%
1 482
+38%
1 609
+9%
1 683
+5%
1 792
+6%
1 796
+0%
2 016
+12%
2 054
+2%
1 856
-10%
1 461
-21%
1 267
-13%
906
-28%
1 116
+23%
1 536
+38%
1 550
+1%
1 823
+18%
2 021
+11%
4 033
+100%
4 113
+2%
4 798
+17%
5 322
+11%
4 247
-20%
4 312
+2%
4 824
+12%
4 944
+2%
5 017
+1%
4 969
-1%
4 819
-3%
4 806
0%
5 280
+10%
5 261
0%
5 572
+6%
5 909
+6%
5 934
+0%
6 084
+3%
6 472
+6%
6 648
+3%
6 866
+3%
7 097
+3%
7 252
+2%
7 498
+3%
7 885
+5%
8 038
+2%
8 258
+3%
8 392
+2%
8 600
+2%
8 676
+1%
8 815
+2%
8 939
+1%
9 128
+2%
9 234
+1%
9 400
+2%
9 551
+2%
Net Income
Tax Provision
(5)
(5)
(3)
(5)
(7)
(6)
(7)
(7)
(8)
(9)
(12)
(13)
(18)
(18)
(12)
(14)
(18)
(18)
(21)
(21)
(17)
(19)
(21)
(29)
(29)
(28)
(40)
(44)
(67)
(72)
(76)
(80)
(123)
(124)
(141)
(149)
(177)
(190)
(147)
(161)
(180)
(216)
(238)
(209)
(160)
(147)
(139)
(173)
(207)
(218)
(241)
(221)
(496)
(507)
(559)
(663)
(545)
(582)
(675)
(680)
(568)
(535)
(516)
(525)
(620)
(606)
(711)
(790)
(723)
(745)
(777)
(779)
(824)
(875)
(921)
(964)
(980)
(994)
(958)
(974)
(950)
(953)
(945)
(957)
(982)
(997)
(999)
(995)
Income from Continuing Operations
56
69
72
78
86
88
94
95
106
106
101
98
122
121
128
139
149
152
181
199
178
192
218
228
250
259
303
348
515
538
613
654
856
869
899
928
1 305
1 419
1 536
1 632
1 615
1 800
1 816
1 646
1 301
1 120
767
943
1 328
1 332
1 582
1 800
3 537
3 606
4 239
4 659
3 703
3 731
4 150
4 265
4 450
4 434
4 303
4 281
4 660
4 655
4 861
5 119
5 212
5 340
5 695
5 870
6 043
6 222
6 331
6 534
6 905
7 044
7 300
7 418
7 650
7 723
7 870
7 981
8 147
8 237
8 401
8 556
Income to Minority Interest
0
0
0
0
(1)
(1)
(2)
(3)
(3)
(4)
(4)
(5)
(7)
(6)
(6)
(6)
(7)
(7)
(7)
(6)
(5)
(5)
(4)
(3)
0
(1)
1
3
4
5
3
2
(1)
(2)
(2)
(3)
(3)
(2)
(4)
(5)
(15)
(18)
(16)
(15)
(18)
(13)
(18)
(20)
(29)
(28)
(26)
(27)
(376)
(391)
(462)
(560)
(462)
(464)
(454)
(414)
(288)
(290)
(293)
(290)
(317)
(314)
(343)
(374)
(360)
(363)
(377)
(375)
(400)
(401)
(422)
(429)
(459)
(452)
(465)
(466)
(466)
(469)
(477)
(486)
(536)
(542)
(548)
(563)
Net Income (Common)
56
N/A
69
+23%
72
+4%
78
+8%
85
+9%
87
+2%
92
+6%
92
N/A
103
+12%
103
N/A
98
-5%
95
-3%
115
+21%
116
+1%
123
+6%
133
+8%
142
+7%
145
+2%
174
+20%
193
+11%
173
-10%
187
+8%
215
+15%
226
+5%
250
+11%
261
+4%
306
+17%
352
+15%
519
+47%
542
+4%
615
+13%
656
+7%
855
+30%
867
+1%
897
+3%
925
+3%
1 302
+41%
1 416
+9%
1 531
+8%
1 625
+6%
1 600
-2%
1 780
+11%
1 798
+1%
1 631
-9%
1 283
-21%
1 108
-14%
751
-32%
924
+23%
1 300
+41%
1 305
+0%
1 556
+19%
1 773
+14%
3 161
+78%
3 215
+2%
3 777
+17%
4 099
+9%
3 241
-21%
3 266
+1%
3 695
+13%
3 850
+4%
4 162
+8%
4 145
0%
4 012
-3%
3 993
0%
4 343
+9%
4 343
N/A
4 519
+4%
4 746
+5%
4 852
+2%
4 977
+3%
5 318
+7%
5 496
+3%
5 642
+3%
5 820
+3%
5 909
+2%
6 105
+3%
6 446
+6%
6 593
+2%
6 835
+4%
6 952
+2%
7 184
+3%
7 254
+1%
7 394
+2%
7 496
+1%
7 610
+2%
7 695
+1%
7 853
+2%
7 993
+2%
EPS (Diluted)
0.03
N/A
0.03
N/A
0.03
N/A
0.03
N/A
0.04
+33%
0.04
N/A
0.05
+25%
0.05
N/A
0.05
N/A
0.05
N/A
0.04
-20%
0.04
N/A
0.05
+25%
0.05
N/A
0.06
+20%
0.06
N/A
0.07
+17%
0.07
N/A
0.08
+14%
0.09
+13%
0.08
-11%
0.09
+13%
0.1
+11%
0.11
+10%
0.12
+9%
0.13
+8%
0.15
+15%
0.17
+13%
0.24
+41%
0.26
+8%
0.27
+4%
0.31
+15%
0.39
+26%
0.39
N/A
0.4
+3%
0.42
+5%
0.59
+40%
0.64
+8%
0.69
+8%
0.73
+6%
0.66
-10%
0.73
+11%
0.75
+3%
0.67
-11%
0.53
-21%
0.45
-15%
0.31
-31%
0.38
+23%
0.54
+42%
0.54
N/A
0.64
+19%
0.73
+14%
1.3
+78%
1.33
+2%
1.56
+17%
1.69
+8%
0.79
-53%
0.77
-3%
0.81
+5%
0.83
+2%
0.93
+12%
0.91
-2%
0.87
-4%
0.86
-1%
0.94
+9%
0.94
N/A
0.98
+4%
1.03
+5%
1.06
+3%
1.09
+3%
0.78
-28%
0.81
+4%
0.71
-12%
0.88
+24%
0.91
+3%
0.75
-18%
0.81
+8%
0.82
+1%
0.85
+4%
0.87
+2%
0.9
+3%
0.85
-6%
0.99
+16%
0.93
-6%
0.95
+2%
1.01
+6%
0.93
-8%
1
+8%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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