1. People's Republic of China Stocks

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    Basic Materials

  3. •

    Chemicals - Specialty
Cybrid Technologies Inc.

Cybrid Technologies Inc.

603212.SS
Cybrid Technologies Inc.CN flagShanghai Stock Exchange
11.52
CNY
+0.58
- -
5.04BMarket Cap
Cybrid Technologies Inc.
603212.SS
(Shanghai Stock Exchange)

Recent

price

11.52

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
5.22
5.37
5.95
5.62
7.45
9.85
9.65
6.85
5.97
6.53
Revenue per Share
- -
- -
- -
0.63
0.52
0.53
0.5
0.42
0.41
0.24
-0.65
-0.61
-0.82
Basic EPS, GAAP
- -
- -
- -
0.07
-0.14
0.22
-1.26
-1.1
-0.72
-0.3
0.47
-0.02
-0.24
Free Cash Flow per Basic Share
- -
- -
- -
0.16
0.16
0.03
0.08
0.11
0.19
0.22
0.15
0.06
0.06
Dividend per Share
- -
- -
- -
1.44
1.71
2.19
2.53
2.77
3.02
3
2.23
1.61
2.18
Book Value per Share
- -
- -
- -
2.65
2.98
3.55
4.6
5.3
6.92
6.73
5.91
5.29
6.09
Tangible Book Value per Share
- -
- -
- -
346
360
359
388
405
418
432
438
439
414
Basic Weighted Avg Shares
732
1,114
1,527
1,807
1,931
2,135
2,183
3,017
4,115
4,166
3,004
2,622
2,704
Sales/Revenue/Turnover
16.99
21.12
17.47
16.49
11.99
11.12
11.87
8.43
6.77
4.12
-2.91
-5.45
-6.45
Operating Margin (%)
10
11
13
18
22
28
32
55
81
93
110
122
- -
Depreciation Expense
83
160
202
218
187
190
194
170
171
104
-285
-268
-342
Net Income, GAAP
14.73
13.7
14.4
14.83
12.99
12.81
12.6
11.46
5.4
- -
- -
- -
- -
Effective Tax Rate (%)
11.4
14.38
13.22
12.08
9.69
8.91
8.89
5.64
4.16
2.49
-9.49
-10.22
-12.63
Profit Margin (%)
215
358
539
760
800
958
1,248
2,002
2,261
1,791
1,413
1,191
1,348
Working Capital
1
3
- -
6
4
2
231
854
482
118
90
32
68
LT Debt
316
476
678
931
1,092
1,307
1,872
2,228
2,968
2,996
2,683
2,405
2,608
Total Equity
- -
39.27
31.61
28.38
17.81
14.74
11.53
7.5
6.84
- -
- -
- -
- -
Return on Invested Capital (%)
- -
40.84
35
35.94
26.77
21.21
15.73
9.43
8.84
- -
- -
- -
- -
Return on Capital (%)
- -
50.93
42.28
40.91
33.57
27.1
21.93
16.17
14.38
8.11
-25.1
-31.83
-31.79
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
854
814
962
LT Borrowings
87
122
65
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
437
437
437
Market Capitalization
4,844
4,273
5,176

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,935
2,842
2,940
Cash, Cash Equivalents & STI
606
548
722
Accounts Receivable, Net
1,174
1,136
1,464
Inventories
489
494
435
Total Current Liabilities
1,522
1,423
1,592
Payables & Accruals
- -
- -
- -
ST Debt
854
814
962
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.23%
6.47%
-10.37%
Free Cash Flow
-212.08%
-91.69%
-103.46%
Net Income, GAAP
-40.86%
-86.43%
-5.97%
Sales/Revenue/Turnover
11.03%
7.05%
-12.72%
Total Cash Common Dividend
95.68%
8.18%
-60.65%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
885
767
655
697
3,004
2025
643
709
583
- -
2,622
2026
603
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
- -
- -
- -
-0.65
2025
-0.08
- -
- -
- -
-0.61
2026
-0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.15
2025
0.04
- -
- -
- -
0.06
2026
0.02
- -
- -
- -
- -
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Business
Cybrid Technologies Inc. is a China-based specialty chemicals company founded in 2008 and headquartered in Suzhou. It develops, produces, and sells functional polymer materials in thin film form with adhesives as the core. The company’s main products include photovoltaic (PV) backsheets and encapsulation films, insulating films for hot pressing and side panels, battery shell protective films, industrial adhesive tapes, 3C and semiconductor film materials, electric vehicle (EV) film materials, display and acoustic materials, and other advanced polymer solutions. Cybrid holds a global leadership position in PV backsheets, with its proprietary KPf backsheet ranking first in global sales since 2014. It serves diverse industries including photovoltaics, electric vehicles, consumer electronics, semiconductors, and healthcare, and operates production bases in China and Vietnam with global market reach including India, the EU, Japan, Turkey, Vietnam, and Taiwan. Recent major changes include a strategic diversification beyond its core photovoltaic business, with accelerated growth in lithium battery and new energy vehicle materials (up 85% year-over-year) and consumer electronics materials (up 77.1% year-over-year) in 2025. The company achieved successful mass delivery of its RayBo light conversion film for perovskite tandem solar modules to a leading US photovoltaic manufacturer, establishing a significant technological milestone in commercializing perovskite solar module technology globally. Cybrid’s overseas shipments increased notably in 2025, reflecting strong global expansion and balanced revenue diversification with non-PV business revenue rising to 28.6% of total sales. It participates actively in industry innovation events, strengthening its position in battery technology and film-type encapsulants. Cybrid’s recent business strategy emphasizes integrated innovation, expanding application in advanced display, acoustic diaphragm, and solid-state battery materials, supported by enhanced R&D investment and global partnerships. Overall, Cybrid Technologies is a comprehensive polymer materials solution provider focused on innovation-driven growth across photovoltaic materials, electric vehicle components, semiconductor and 3C electronics materials, with a robust global footprint and expanding diversified business lines beyond traditional solar materials. The company is publicly listed on the Shanghai Stock Exchange under ticker 603212.SS.