1. People's Republic of China Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
Aofu Environmental Technology Co., Ltd.

Aofu Environmental Technology Co., Ltd.

688021.SS
Aofu Environmental Technology Co., Ltd.CN flagShanghai Stock Exchange
19.65
CNY
-0.85
- -
1.50BMarket Cap
Aofu Environmental Technology Co., Ltd.
688021.SS
(Shanghai Stock Exchange)

Recent

price

19.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.82
3.63
4.35
4.41
4.08
5.11
2.6
4.19
3.81
4.51
3.91
Revenue per Share
0.12
1.03
0.82
0.85
1.04
0.85
-0.1
-0.1
-0.59
0.19
-0.4
Basic EPS, GAAP
-0.73
-0.82
-0.48
-0.37
-0.75
-1.98
-2.17
-1.04
1.11
0.69
-0.15
Free Cash Flow per Basic Share
0.11
0.13
0.27
0.13
0.28
0.42
0.41
0.18
0.17
0.08
0.11
Dividend per Share
0.95
1.89
2.37
3.32
3.37
3.79
3.39
3.25
2.86
2.93
2.57
Book Value per Share
2.3
4.64
5.06
13.14
11.49
11.74
11.16
10.95
10.82
10.66
9.85
Tangible Book Value per Share
51
54
57
61
77
77
78
79
75
77
82
Basic Weighted Avg Shares
93
196
248
268
314
396
204
332
284
349
319
Sales/Revenue/Turnover
13.77
38.61
25.08
25.13
27.05
21.57
3.48
4.21
-4.29
10.36
-1.67
Operating Margin (%)
8
11
15
18
23
33
48
59
66
64
- -
Depreciation Expense
6
56
47
52
80
66
-8
-8
-44
15
-33
Net Income, GAAP
18.26
16.17
12.11
11.93
7.97
10.03
- -
- -
- -
35.53
- -
Effective Tax Rate (%)
6.6
28.38
18.83
19.26
25.47
16.62
-3.85
-2.38
-15.47
4.21
-10.26
Profit Margin (%)
14
140
141
574
579
414
353
299
264
320
258
Working Capital
26
45
35
- -
12
11
122
112
97
72
75
LT Debt
152
285
323
831
917
954
933
926
863
877
861
Total Equity
- -
19.11
12.91
8.59
7.94
7.05
- -
- -
- -
2.2
- -
Return on Invested Capital (%)
- -
33.47
22.41
20.13
23.18
15.9
- -
- -
- -
4.45
- -
Return on Capital (%)
- -
74.13
39.42
30.65
34.75
23.83
-2.8
-3.03
-18.69
6.69
-14.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
124
133
127
LT Borrowings
95
90
72
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
76
76
76
Market Capitalization
833
936
1,250

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
456
464
458
Cash, Cash Equivalents & STI
50
51
52
Accounts Receivable, Net
119
146
121
Inventories
238
218
205
Total Current Liabilities
192
199
201
Payables & Accruals
- -
- -
- -
ST Debt
124
133
127
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-0.81%
1.62%
Free Cash Flow
- -
-22.44%
-35.26%
Net Income, GAAP
- -
38.6%
-133.46%
Sales/Revenue/Turnover
- -
9.81%
22.91%
Total Cash Common Dividend
- -
-13.47%
-50.35%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
72
70
53
90
284
2025
96
81
88
- -
349
2026
98
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
- -
- -
- -
-0.59
2025
-0.04
- -
- -
- -
0.19
2026
0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.17
2025
0.02
- -
- -
- -
0.08
2026
0.02
- -
- -
- -
- -
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Business
Aofu Environmental Technology Co., Ltd. Aofu Environmental Technology Co., Ltd. (688021.SS) manufactures and sells honeycomb ceramic products primarily for exhaust gas treatment systems in vehicles, ships, and industrial applications. Founded in July 2009 and headquartered in Dezhou, Shandong Province, China, the company produces straight-through honeycomb ceramic carriers including DOC, SCR, ASC, and TWC for motor vehicle aftertreatment; wall-flow carriers such as DPF, ACT-DPF, SiC-DPF, and GPF; non-road and marine engine aftertreatment carriers; as well as VOC treatment equipment and energy-saving heat accumulators for industrial engineering used in energy conservation and environmental protection fields. Its products serve motor vehicle and ship engine manufacturers, catalyst companies, aftertreatment system parts vendors, and aftermarket segments for vehicles and ships, with operations covering China and international markets including North America, Europe, Southeast Asia, Japan, Korea, and the Middle East. The company, listed on the Shanghai Stock Exchange's STAR Market since November 2019, maintains certifications including IATF16949 for quality management, ISO14001 for environmental management, ISO45001 for occupational health and safety, and ISO50001 for energy management, while employing around 556 people across facilities spanning approximately 340 mu with annual capacity exceeding 10 million liters of carriers and 2,000 tons of heat accumulators. Recent developments include ongoing participation in investor relations activities such as the 2024 Annual Shareholders' Meeting and 2025 online receptions, alongside recognition as a National Specialized and Innovative "Little Giant," Shandong Digital Economy "Morningstar Factory," and listings among Shandong's Top 50 New Materials Leading Enterprises in 2022, reflecting sustained focus on R&D, intelligent manufacturing, and contributions to air pollution control amid China's dual-carbon goals.