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    Chemicals - Specialty
Panda Financial Holding Corp., Ltd.

Panda Financial Holding Corp., Ltd.

600599.SS
Panda Financial Holding Corp., Ltd.CN flagShanghai Stock Exchange
0.43
CNY
+0.01
- -
71.38MMarket Cap
Panda Financial Holding Corp., Ltd.
600599.SS
(Shanghai Stock Exchange)

Recent

price

0.43

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.64
1.67
2.02
1.15
1.19
1.78
1.94
2.05
1.7
0.82
1.06
1.73
1.97
1.38
1.95
1.54
1.53
Revenue per Share
0.13
0.07
0.07
0.09
0.08
0.12
0.12
0.12
-0.33
-0.56
0.28
0.43
0.54
-1.28
-2.86
0.09
-2.93
Basic EPS, GAAP
0.11
0.05
-0.07
-0.05
-0.47
-0.78
-0.4
0.92
-1.35
-0.78
-1.35
1.91
-1.22
1.3
-0.18
0.18
- -
Free Cash Flow per Basic Share
0.05
0.08
0.1
0.06
0.05
0.1
0.11
0.15
0.12
0.05
0.04
0.04
0.04
0.03
0.03
0.03
0.03
Dividend per Share
0.79
0.87
0.93
1.21
1.15
1.11
1.13
1.23
0.83
0.28
0.56
0.98
1.52
0.25
-2.61
-2.62
-2.54
Book Value per Share
1.79
1.88
1.89
4.38
4.19
3.98
3.95
4.25
3.89
3.43
3.74
4.14
4.65
3.54
0.3
0.39
0.34
Tangible Book Value per Share
126
125
126
141
156
166
173
167
167
166
165
167
167
166
166
160
168
Basic Weighted Avg Shares
206
210
255
162
187
296
334
343
283
136
175
289
329
228
324
246
257
Sales/Revenue/Turnover
6.89
2.92
6.79
-10.09
-19.55
14.43
26.92
38.53
33.82
7.51
29.83
28.23
32.43
19.48
17.04
12.82
12.63
Operating Margin (%)
6
6
8
9
9
7
6
3
2
1
1
1
1
2
2
4
- -
Depreciation Expense
16
9
9
13
13
20
21
20
-55
-93
46
72
90
-212
-474
14
-492
Net Income, GAAP
- -
18.23
12.67
20.41
49.93
25.94
28.03
- -
- -
- -
12.58
20.08
21.12
- -
- -
40.8
205.95
Effective Tax Rate (%)
7.87
4.12
3.51
7.8
6.7
6.73
6.2
5.85
-19.43
-68.39
26.33
24.88
27.44
-93
-146.5
5.84
-191.69
Profit Margin (%)
-32
44
38
457
495
223
286
368
542
561
609
681
768
575
34
47
43
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
2
8
6
8
LT Debt
249
254
263
660
698
705
726
742
672
579
625
702
787
596
59
74
66
Total Equity
- -
1.29
3.88
-2.31
-2.45
4.36
7.84
- -
- -
- -
7.53
9.61
11.01
- -
- -
15.86
- -
Return on Invested Capital (%)
- -
6.17
7.3
7.58
5.88
9.5
9.26
- -
- -
- -
33.11
34.98
31.74
- -
- -
-4.3
-171.65
Return on Capital (%)
17.69
8.28
7.92
8.8
7.13
10.9
10.89
10.01
-32
-100.86
67.11
56.32
43.24
-143.53
- -
- -
-123.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
76
71
71
LT Borrowings
- -
- -
- -
LT Finance Leases
8
8
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
166
166
166
Market Capitalization
2,255
1,634
1,352

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
277
237
218
Cash, Cash Equivalents & STI
74
50
40
Accounts Receivable, Net
106
94
78
Inventories
34
38
43
Total Current Liabilities
243
195
174
Payables & Accruals
- -
- -
- -
ST Debt
76
71
71
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.39%
-12.76%
26.15%
Free Cash Flow
-150.43%
-183.71%
-191.6%
Net Income, GAAP
-68.75%
-46.61%
-103.03%
Sales/Revenue/Turnover
4.12%
13.25%
-23.89%
Total Cash Common Dividend
-8%
-8.78%
-15.39%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
68
96
45
114
324
2025
60
37
91
- -
246
2026
81
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
- -
- -
- -
-2.86
2025
0.05
- -
- -
- -
0.09
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.03
2025
0.01
- -
- -
- -
0.03
2026
0.01
- -
- -
- -
- -
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Business
Panda Financial Holding Corp., Ltd. operates primarily within the fireworks industry, specializing in the manufacturing and export of various fireworks and firecracker products. The company’s core offerings include a wide range of pyrotechnic products categorized by type and use, catering to both domestic and international markets. Headquartered in Liuyang, Hunan Province, China, Panda Financial Holding was originally established in 1989 and listed on the Shanghai Stock Exchange in 2001. The company’s business segments cover production, processing, and export trade of fireworks and related pyrotechnic articles. Through its extensive product portfolio, Panda Financial Holding serves both wholesale distributors and end consumers, emphasizing strong export operations to global markets, reflecting its status as one of the prominent fireworks exporters in China. Regarding recent developments, the company has experienced significant operational challenges in 2024 and 2025, including a warning letter from the Hunan Securities Regulatory Bureau due to discrepancies in its 2024 earnings forecast versus actual results, and reported a notable year-on-year decline in net income during the first half of 2025. These financial difficulties have impacted stock performance amid volatile market sentiment. The company has also engaged in strategic asset transfers within its subsidiary structure but has not announced major new product launches or partnerships within the last two years. Overall, Panda Financial Holding Corp., Ltd. operates within the consumer cyclical sector, focusing on fireworks manufacturing and exports, headquartered in China, with a legacy dating back over three decades and recent operational adjustments reflecting ongoing market and regulatory pressures.