Guangdong Dowstone Technology Co., Ltd.

Guangdong Dowstone Technology Co., Ltd.

300409.SZ
Guangdong Dowstone Technology Co., Ltd.CN flagShenzhen Stock Exchange
18.84
CNY
-0.84
- -
14.52BMarket Cap
Guangdong Dowstone Technology Co., Ltd.
300409.SZ
(Shenzhen Stock Exchange)

Recent

price

18.84

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.73
0.82
1.22
1.65
1.57
2.07
4.35
9.02
6.22
7.12
11.93
11.94
13.08
13.36
10.93
10.71
Revenue per Share
0.16
0.17
0.23
0.27
0.14
0.26
0.39
0.56
0.05
0.13
1.02
0.15
-0.05
0.27
0.68
0.41
Basic EPS, GAAP
-0.23
-0.03
-0.19
0.07
-0.42
-0.4
-0.81
0.68
1.39
0.73
-0.59
-3.79
-0.73
-0.08
1
-0.65
Free Cash Flow per Basic Share
0.01
0.01
0.06
0.09
0.11
0.08
0.14
0.33
0.32
0.23
0.15
0.21
0.28
0.59
0.33
0.53
Dividend per Share
0.45
0.59
0.75
0.97
0.88
1.3
1.61
2.61
2.05
2.13
2.98
2.95
2.93
2.88
2.84
2.73
Book Value per Share
0.55
0.7
0.82
1.94
1.32
2.36
3.62
4.31
3.73
3.96
6.9
9.33
10.93
11.07
10.01
10.9
Tangible Book Value per Share
254
265
262
271
352
387
390
393
480
466
551
575
558
580
746
679
Basic Weighted Avg Shares
186
218
319
447
554
804
1,696
3,544
2,986
3,315
6,569
6,862
7,296
7,752
8,156
7,270
Sales/Revenue/Turnover
26.8
24.34
22.32
21.32
15.72
17.26
17.08
17.09
11.19
8.7
12.91
6.57
4.44
5.7
9.46
6.81
Operating Margin (%)
2
5
7
9
13
23
36
82
113
143
153
214
356
335
404
- -
Depreciation Expense
41
44
60
72
51
101
152
220
24
61
562
86
-28
157
507
277
Net Income, GAAP
14.54
14.39
13.76
13.11
14.07
13.78
10.58
13.68
- -
15.22
12.95
- -
258.49
21.9
16.45
18.39
Effective Tax Rate (%)
22.23
20.21
18.87
16.18
9.2
12.59
8.97
6.21
0.8
1.83
8.55
1.26
-0.38
2.02
6.21
3.8
Profit Margin (%)
120
146
155
464
270
682
1,030
1,215
787
815
2,017
2,191
4,563
3,304
3,245
3,270
Working Capital
9
7
19
35
19
64
358
697
421
430
261
988
3,386
2,158
1,358
1,114
LT Debt
162
206
254
564
592
1,219
1,854
2,374
2,473
2,489
4,614
6,374
7,100
7,379
8,369
8,351
Total Equity
- -
20.72
20.73
16.09
10.82
11.52
12.27
15.51
- -
6.5
14.49
- -
-4.49
2.68
5.07
3.24
Return on Invested Capital (%)
- -
27.27
26.91
23.8
13.07
17.24
8.49
5.84
- -
5.32
21.09
- -
-3.97
3.63
7.71
5.9
Return on Capital (%)
- -
32.64
34.24
31.47
17.82
24.84
26.88
26.62
2.38
6.11
42.67
5.17
-1.68
9.49
26.75
15.85
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
3,062
2,470
2,544
LT Borrowings
2,154
1,348
1,113
LT Finance Leases
3
3
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
689
762
782
Market Capitalization
7,917
10,621
11,504

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
7,917
7,034
7,222
Cash, Cash Equivalents & STI
3,339
2,753
2,799
Accounts Receivable, Net
997
978
869
Inventories
2,597
2,438
2,624
Total Current Liabilities
4,613
3,823
3,952
Payables & Accruals
- -
- -
- -
ST Debt
3,062
2,470
2,544
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
34.32%
30.45%
13.41%
Free Cash Flow
-142.13%
-288.4%
-1,643.36%
Net Income, GAAP
42.87%
34.39%
223.13%
Sales/Revenue/Turnover
38.09%
24.09%
5.22%
Total Cash Common Dividend
33.72%
28.76%
-28.13%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,002
2,134
1,975
1,642
7,752
2025
1,758
1,896
2,155
- -
8,156
2026
2,235
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.27
2025
0.06
- -
- -
- -
0.68
2026
0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
- -
- -
0.59
2025
0.04
- -
- -
- -
0.33
2026
0.04
- -
- -
- -
- -
Business
Guangdong Dowstone Technology Co., Ltd. (300409.SZ) engages primarily in the research, development, production and sale of advanced inorganic non-metallic materials, including lithium battery materials, carbon materials and ceramic materials, serving industries such as new energy vehicles, batteries, high-end equipment, aerospace, military applications, plastics, rubber, coatings and building ceramics in China and internationally. Its core products encompass lithium battery materials like ternary precursors, cobalt sulfate and cobalt chloride; carbon materials such as carbon nanotube powder and slurry, graphene conductive paste, graphene powder and slurry, and carbon nanotube-graphene composite paste and slurry; ceramic materials including ceramic glaze, ceramic ink, frit, dry granular materials and new ceramic materials; as well as emerging offerings like silicon-carbon anodes, graphitization processing, carbon nanotube conductive agents and graphene conductive agents. Founded in 2007 and headquartered in Foshan, China, the company operates as a national high-tech enterprise listed on the Shenzhen Stock Exchange's GEM board since 2014, with approximately 2,369 employees and a focus on material innovation, process optimization and product development across its carbon materials, lithium battery materials, ceramic materials and strategic resources segments. In recent developments, Guangdong Dowstone Technology signed a joint venture agreement in November 2024 with Foshan Solid State Qihui Private Equity Partnership to establish Guangdong Dowstone Solid State Battery Technology Co., Ltd., targeting research, development and industrialization of sulfide solid-state battery electrolytes and comprehensive solid-state battery material solutions, leveraging the company's strengths in single-walled carbon nanotubes, high-nickel ternary precursors, lithium-rich manganese-based precursors and silicon-based anodes. The company also formed a strategic partnership with Anhui Axxiva New Energy Technology Co., Ltd. in late 2024 to collaborate on solid-state battery materials, including advanced R&D, production and sales of carbon nanotubes and related novel materials. Additionally, in 2025, a subsidiary invested approximately USD 30 million in the Pre-B financing round of Qiangnao Technology (Brain Family), a brain-computer interface firm, to acquire minority shareholder rights via preferred shares and advance applications of its carbon materials in electronic skin and key humanoid robot components, including partnerships with Suzhou Nengsida Electronic Technology and Xinpensen for carbon materials in robotics; the company further announced plans to invest up to USD 165 million in a copper hydrometallurgy project in the Democratic Republic of Congo and reallocated raised funds to a 120-ton-per-year single-wall carbon nanotube project.