1. People's Republic of China Stocks

  2. •

    Technology

  3. •

    Software - Application
DuoLun Technology Corporation Ltd.

DuoLun Technology Corporation Ltd.

603528.SS
DuoLun Technology Corporation Ltd.CN flagShanghai Stock Exchange
5.80
CNY
-0.11
- -
4.09BMarket Cap
DuoLun Technology Corporation Ltd.
603528.SS
(Shanghai Stock Exchange)

Recent

price

5.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.85
0.97
1.46
2.13
2.37
1.34
0.82
0.89
1.12
1.02
1.15
1.19
0.85
0.74
0.59
0.58
Revenue per Share
0.15
0.25
0.46
0.85
0.99
0.5
0.16
0.22
0.25
0.13
-0.27
0.08
-0.37
0.01
-0.04
-0.03
Basic EPS, GAAP
0.27
0.45
0.54
0.82
0.71
0.07
0.11
0.01
0.07
-0.1
0.01
0.23
0.06
0.01
- -
-0.05
Free Cash Flow per Basic Share
0.12
0.08
0.16
0.42
0.3
- -
0.17
0.05
0.07
0.08
0.04
- -
0.07
- -
0.05
- -
Dividend per Share
0.37
0.61
0.85
1.19
1.78
1.42
1.73
1.89
2.04
2.08
1.76
1.83
1.52
1.36
1.31
1.29
Book Value per Share
0.45
0.63
0.92
1.27
1.96
2.15
2.15
2.37
2.51
2.51
2.28
2.35
3.03
2.67
2.69
2.59
Tangible Book Value per Share
307
308
309
311
310
620
620
620
621
623
624
624
624
703
676
707
Basic Weighted Avg Shares
261
300
452
663
733
832
509
550
698
636
715
740
531
523
400
410
Sales/Revenue/Turnover
17.26
26.45
31.58
42.57
45.39
41.32
25.11
31.1
24.31
17.62
5.43
14.95
-8.89
-3.19
-17.35
-9.14
Operating Margin (%)
9
8
13
18
20
22
24
24
36
42
94
110
104
84
69
- -
Depreciation Expense
46
75
141
263
305
309
102
135
153
80
-171
51
-232
6
-30
-19
Net Income, GAAP
15.69
16.38
16.5
15.91
15.67
14.68
12.51
14.14
15.36
10.01
- -
10.33
- -
- -
- -
5.46
Effective Tax Rate (%)
17.62
25.15
31.16
39.62
41.6
37.11
20.04
24.54
21.98
12.51
-24
6.89
-43.64
1.21
-7.44
-4.61
Profit Margin (%)
18
94
154
265
463
1,152
1,100
1,099
1,147
1,430
1,182
1,300
1,255
1,286
1,175
1,237
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
616
687
680
70
43
35
40
LT Debt
149
203
294
426
637
1,366
1,366
1,499
1,636
1,873
1,698
1,739
2,068
2,032
1,952
1,986
Total Equity
- -
31.06
45.79
65.13
53.8
29.99
8.54
10.9
9.71
5.11
- -
4.28
- -
- -
- -
- -
Return on Invested Capital (%)
- -
41.71
61.27
82.1
64.61
42.1
9.49
12.02
12.57
4.99
- -
5.12
- -
- -
- -
-7.74
Return on Capital (%)
- -
50
62.31
82.77
66.22
43.16
10.43
12.02
12.57
6.21
-14.35
4.56
-22.23
0.67
-3.23
-2.01
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
18
17
13
LT Borrowings
- -
- -
- -
LT Finance Leases
43
42
40
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
706
706
706
Market Capitalization
5,550
5,869
5,897

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,629
1,621
1,551
Cash, Cash Equivalents & STI
1,146
1,141
1,096
Accounts Receivable, Net
307
295
280
Inventories
129
133
134
Total Current Liabilities
343
323
315
Payables & Accruals
- -
- -
- -
ST Debt
18
17
13
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.4%
1.26%
-3.91%
Free Cash Flow
142.16%
276.01%
-161.2%
Net Income, GAAP
-174.1%
-334.64%
-570.17%
Sales/Revenue/Turnover
-3.66%
-7.47%
-23.5%
Total Cash Common Dividend
- -
- -
-19.78%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
167
146
110
100
523
2025
105
95
88
- -
400
2026
78
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.01
2025
- -
- -
- -
- -
-0.04
2026
-0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.05
2026
- -
- -
- -
- -
- -
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Business
DuoLun Technology Corporation Ltd. is a China-based technology company specializing in digital products and solutions for the transportation industry. The company operates through four core business systems: smart vehicle administration; intelligent driver training and testing systems; smart transportation management and Internet of Vehicles (IoV) products and systems; and smart vehicle inspection solutions. These include driving test systems, driving simulation systems, intelligent transportation products, charging stations, and related technical services. The company integrates advanced technologies such as big data, artificial intelligence, Internet of Things, cloud computing, three-dimensional virtual simulation, and Beidou satellite navigation to support its offerings. DuoLun's products and services target government motor vehicle departments, transportation operators, and automotive consumers primarily within over 400 cities across 31 provinces, autonomous regions, and municipalities in China. Founded in 1995, DuoLun Technology is headquartered in Nanjing, China. Recently, DuoLun Technology has strategically expanded its focus on artificial intelligence and robotics to complement its core transportation technology business. The company has launched a new "AI + Transportation" strategy emphasizing multi-scenario applications of transportation robots aimed at vehicle administration, traffic management, security patrols, and emergency response. A significant partnership was established in 2025 with Shenzhen EngineAI Robotics Technology Co., Ltd., enabling joint product development of intelligent robots including guidance, traffic safety, and security patrol robots. This collaboration is supported by an investment fund involving Xpeng as a cornerstone investor, granting DuoLun an indirect stake in EngineAI and enhancing its capability in humanoid robot manufacturing and deployment. DuoLun plans to deploy over 2,000 embodied intelligent humanoid robots in key operational areas over the coming three years. These efforts mark a major strategic upgrade and business transformation, positioning DuoLun at the forefront of integrating AI-driven robotics within China's smart transportation ecosystem. This strategic pivot aligns with national industrial policies promoting AI and embodied intelligent robots, reinforcing DuoLun Technology’s leadership in smart vehicle administration, intelligent driver training, smart transportation, and vehicle inspection, and underscoring its commitment to innovation and expansion within the smart mobility and smart city sectors. The company continues to serve a broad range of industry and government clients while deepening its presence in China's rapidly evolving intelligent transportation infrastructure market.