1. People's Republic of China Stocks

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    Basic Materials

  3. •

    Chemicals - Specialty
Ningbo Solartron Technology Co.,Ltd.

Ningbo Solartron Technology Co.,Ltd.

688299.SS
Ningbo Solartron Technology Co.,Ltd.CN flagShanghai Stock Exchange
15.20
CNY
-0.85
- -
4.29BMarket Cap
Ningbo Solartron Technology Co.,Ltd.
688299.SS
(Shanghai Stock Exchange)

Recent

price

15.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.95
1.29
2.28
2.4
3.27
4.07
3.72
4.58
4.07
4.47
4.54
3.89
4.29
Revenue per Share
-0.13
0.02
0.16
0.13
0.42
0.64
0.63
0.66
0.4
0.34
-0.1
-0.51
-0.19
Basic EPS, GAAP
-0.63
-0.23
-0.51
-0.25
0.47
0.45
0.18
-0.06
-1.3
-1.47
-0.39
0.49
-0.69
Free Cash Flow per Basic Share
0.24
0.17
0.21
0.13
0.1
0.08
0.18
0.1
0.11
0.11
0.12
0.06
0.07
Dividend per Share
0.48
0.44
1.11
1.32
1.6
2.4
2.32
2.81
3.05
3.33
2.97
2.57
3.03
Book Value per Share
-0.28
0.42
0.57
2.22
2.48
6.83
5.74
6.55
6.7
7.18
6.44
6.24
6.67
Tangible Book Value per Share
156
194
167
195
212
224
281
283
284
281
294
282
283
Basic Weighted Avg Shares
149
250
380
467
691
910
1,045
1,297
1,153
1,253
1,336
1,094
1,215
Sales/Revenue/Turnover
1.32
10.63
13.38
13.62
17.14
19.83
19.38
15.81
10.48
8.85
5.99
6.05
6.44
Operating Margin (%)
18
17
25
29
34
41
45
55
66
83
113
114
- -
Depreciation Expense
-20
4
27
25
89
143
177
187
113
95
-29
-144
-55
Net Income, GAAP
- -
- -
- -
11.19
12
12.81
13.53
7.65
15.6
17.25
- -
- -
103.69
Effective Tax Rate (%)
-13.62
1.55
7.03
5.42
12.86
15.72
16.93
14.4
9.84
7.61
-2.2
-13.12
-4.53
Profit Margin (%)
-48
-77
-269
179
132
957
930
1,000
786
788
574
514
617
Working Capital
292
220
146
278
152
- -
- -
- -
146
495
462
396
469
LT Debt
76
170
190
523
612
1,612
1,750
1,988
2,073
2,181
2,087
1,950
2,079
Total Equity
- -
4.48
- -
6.81
11.12
11.73
10.1
10.02
4.82
3.75
- -
- -
1.93
Return on Invested Capital (%)
- -
0.7
- -
6.91
15.95
23.46
27.38
24.72
12.14
7.89
- -
- -
1.41
Return on Capital (%)
- -
4.81
19.77
11.45
29.86
32.71
29.79
25.86
13.67
10.6
-3.25
-17.96
-6.13
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
179
186
239
LT Borrowings
462
465
469
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
290
290
287
Market Capitalization
4,034
4,897
5,600

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,304
1,258
1,316
Cash, Cash Equivalents & STI
286
261
396
Accounts Receivable, Net
517
527
487
Inventories
261
250
255
Total Current Liabilities
729
645
699
Payables & Accruals
- -
- -
- -
ST Debt
179
186
239
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.88%
2.45%
-6.58%
Free Cash Flow
146.68%
352.53%
-219.05%
Net Income, GAAP
112.84%
41.46%
387.75%
Sales/Revenue/Turnover
17.97%
2.04%
-18.13%
Total Cash Common Dividend
5.68%
-14.25%
-50.9%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
314
333
356
333
1,336
2025
267
259
285
- -
1,094
2026
239
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
-0.1
2025
0.05
- -
- -
- -
-0.51
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.12
2025
0.01
- -
- -
- -
0.06
2026
0.01
- -
- -
- -
- -
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Business
Ningbo Solartron Technology Co., Ltd. (688299.SS) researches, develops, produces and sells high-performance polymer functional films principally in China with exports to global markets. The company offers reflective films; backplane base films for solar photovoltaics; optical base films; lithium-ion battery diaphragms or separators; and other specialty films including micro-foam white films, brightness enhancement films, diffusers and temperature-resistant self-release films, with applications in liquid crystal displays, power batteries, energy storage, solar photovoltaics and semiconductors. Founded in 2010 and headquartered at No. 999 Qingfeng Road, Jiangbei District, Ningbo, China, it operates in the specialty chemicals sector serving display, new energy and electronics industries. In 2024, Ningbo Solartron Technology subscribed for a 1.83% stake in Huizhixing, a smartphone optical hardening film maker, for 29.9 million yuan using its own funds to expand into downstream CPI film materials and foster collaboration on CPI and PET functional membranes, while its own CPI base film products advanced to customer validation. The company also signed a battery separator supply contract valid through December 2026 and reported first-quarter 2025 profitability driven by semi-solid CPI membrane contributions, amid ongoing shareholder reductions including by Changyang Yonghui in September 2025.