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    Industrial - Machinery
SBT Ultrasonic Technology

SBT Ultrasonic Technology

688392.SS
SBT Ultrasonic TechnologyCN flagShanghai Stock Exchange
226.00
CNY
+12.85
- -
26.16BMarket Cap
SBT Ultrasonic Technology
688392.SS
(Shanghai Stock Exchange)

Recent

price

226.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
4.63
5.23
4.58
5.17
6.85
5.9
Revenue per Share
- -
- -
- -
0.86
1.11
0.58
0.76
1.04
1.23
Basic EPS, GAAP
- -
- -
- -
-0.55
-0.3
-0.21
-1.67
-0.42
-1.25
Free Cash Flow per Basic Share
- -
- -
- -
0.2
0.02
0.76
0.26
0.6
0.4
Dividend per Share
- -
- -
- -
1.46
2.39
2.19
2.72
3.1
2.9
Book Value per Share
- -
- -
- -
4.14
17.37
15.09
13.86
14.89
14.53
Tangible Book Value per Share
- -
- -
- -
80
100
115
113
113
113
Basic Weighted Avg Shares
109
134
265
371
522
525
585
774
664
Sales/Revenue/Turnover
28.44
8.71
38.36
24.03
23.92
12.91
14.22
22.35
25.39
Operating Margin (%)
2
2
3
6
10
14
16
19
- -
Depreciation Expense
24
10
89
69
111
67
86
118
139
Net Income, GAAP
1.24
- -
12.46
10.79
7.54
10.38
3.42
9.78
10.78
Effective Tax Rate (%)
21.82
7.16
33.75
18.68
21.22
12.67
14.69
15.19
20.89
Profit Margin (%)
103
107
59
286
1,661
1,644
1,450
1,423
1,450
Working Capital
- -
- -
5
11
13
8
2
- -
- -
LT Debt
138
148
104
344
1,754
1,751
1,691
1,800
1,759
Total Equity
- -
- -
57.63
30.09
10.14
3.13
4.14
8.09
7.78
Return on Invested Capital (%)
- -
- -
86.21
57.65
42.85
16.83
18.5
24.9
28.49
Return on Capital (%)
- -
8.73
100.82
77.09
62.27
27.16
30.77
35.73
49.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
216
216
245
LT Borrowings
- -
- -
- -
LT Finance Leases
2
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
115
115
116
Market Capitalization
4,281
5,852
7,667

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,873
1,921
1,940
Cash, Cash Equivalents & STI
1,164
1,147
1,145
Accounts Receivable, Net
337
326
292
Inventories
174
214
250
Total Current Liabilities
424
459
489
Payables & Accruals
- -
- -
- -
ST Debt
216
216
245
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
128.86%
6.42%
Free Cash Flow
- -
82.14%
-75.15%
Net Income, GAAP
- -
12.72%
36.89%
Sales/Revenue/Turnover
- -
25.06%
32.41%
Total Cash Common Dividend
- -
735.91%
130.28%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
121
123
165
176
585
2025
148
175
254
- -
774
2026
198
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.76
2025
0.21
- -
- -
- -
1.04
2026
0.45
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.26
2025
0.01
- -
- -
- -
0.6
2026
0.01
- -
- -
- -
- -
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Business
SBT Ultrasonic Technology Co., Ltd. (688392.SS) engages in the research, development, design, production, and sale of ultrasonic equipment and automation solutions for industries including new energy vehicles, lithium-ion batteries, semiconductors, automotive wire harnesses, medical devices, photovoltaics, and tire rubber. The company offers a comprehensive range of core products such as ultrasonic metal welders including standard wedge welders (WE series), small wedge welders (WES series), power battery tab welders, wire harness connector welders, and semiconductor wafer bonders; non-metallic ultrasonic equipment for cutting, sealing, plastic welding, and cleaning; testing solutions encompassing ultrasonic scanning acoustic microscopes (C-SAM/SAT), X-ray detectors, and welding process monitors; as well as supporting automation systems, transducers, generators, and customized tooling. Founded in 2007 with origins tied to Shanghai Jiao Tong University and headquartered at Building 2, 3rd Floor, No. 1488 Cangyuan Road, Minhang District, Shanghai, China, SBT Ultrasonic operates globally with a subsidiary in Germany (SBT Ultrasonic Technology (Germany) GmbH) and branches across Europe, East Asia, Southeast Asia, and North America, employing over 700 staff with significant R&D investment exceeding RMB 100 million annually and holding more than 398 intellectual property rights. Recent developments include a September 2024 strategic partnership and joint venture with South Korea's Wontech in Wuxi, China, to localize medical equipment production, accelerate innovations in dentistry, dermatology, and surgery, and expand into international medical markets; a June 2024 global strategic cooperation agreement with LEONI for automotive cable welding solutions; a partnership with Sumidenso Mediatech (Suzhou) to advance ultrasonic applications in automotive sectors; receipt of TE Connectivity's 2025 "Best Technology Breakthrough Award" for low-voltage aluminum wire welding innovations; and delivery of advanced wafer-level ultrasonic scanning microscopes (SAT) for semiconductor advanced packaging detection. Listed on the Shanghai Stock Exchange STAR Market in September 2022 as China's first public industrial ultrasonic equipment company, SBT continues to prioritize R&D with 40% staff allocation and 21.65% of 2024 revenues dedicated to innovation across its strategic pillars of new energy, semiconductors, and medical aesthetics.