Chaozhou Three-Circle (Group) Co., Ltd. Class A

Chaozhou Three-Circle (Group) Co., Ltd. Class A

81.65
HKD
+0.25
(+0.31%)
1.50EPS
Oct 28Next Earn
Chaozhou Three-Circle (Group) Co., Ltd. Class A
HKEX:6951
(Hong Kong Exchange)

Recent

price

81.65

P/E

ratio

- -

div

yld

0.48%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.84
1.03
1
1.08
1.1
1.27
1.37
1.63
1.18
1.72
2.57
2.04
2.24
2.9
3.55
4.42
Revenue per Share
0.2
0.27
0.28
0.32
0.38
0.47
0.48
0.57
0.38
0.62
0.83
0.6
0.62
0.86
1.03
1.3
Basic EPS, GAAP
0.06
0.06
0.19
0.3
0.17
0.23
0.07
0.36
0.49
- -
-0.31
0.38
0.46
0.69
0.91
- -
Free Cash Flow per Basic Share
0.07
0.05
0.12
0.06
0.09
0.13
0.15
0.15
0.19
0.15
0.19
0.24
0.19
0.22
0.29
0.34
Dividend per Share
1.05
1.55
1.91
1.59
1.87
2.23
2.57
3.03
3.25
4.49
6.37
6.73
7.18
7.82
8.52
8.91
Book Value per Share
1
1.5
1.67
1.49
1.77
2.13
2.34
2.79
3
4.31
6.17
6.5
6.9
7.56
8.25
8.65
Tangible Book Value per Share
2,031
2,032
2,029
2,046
2,271
2,265
2,280
2,300
2,310
2,327
2,424
2,525
2,556
2,547
2,534
2,545
Basic Weighted Avg Shares
1,696
2,103
2,024
2,200
2,489
2,888
3,130
3,750
2,726
3,994
6,218
5,149
5,727
7,375
9,007
11,238
Sales/Revenue/Turnover
30.26
32.19
34.84
34.88
37.56
36.56
38.37
41.1
34.17
38.06
35.16
27.91
26.12
31.51
31.64
33.64
Operating Margin (%)
71
91
92
106
111
129
169
229
262
274
380
535
601
649
732
- -
Depreciation Expense
414
552
566
648
874
1,059
1,083
1,319
871
1,440
2,011
1,505
1,581
2,190
2,618
3,296
Net Income, GAAP
15.34
14.62
15.37
14.88
14.82
14.08
14.26
14.78
14.02
14.12
12.6
9.61
11.2
13.05
13
12.8
Effective Tax Rate (%)
24.39
26.24
27.98
29.46
35.1
36.68
34.62
35.17
31.96
36.04
32.34
29.22
27.61
29.7
29.07
29.33
Profit Margin (%)
467
829
1,068
2,871
3,515
4,110
4,073
4,328
4,819
7,586
11,213
11,337
8,879
11,008
9,601
10,284
Working Capital
20
126
60
1
- -
- -
312
54
29
7
2
31
27
22
44
46
LT Debt
1,041
1,469
1,796
3,637
4,308
5,144
5,935
7,024
7,510
10,814
16,192
17,103
18,239
19,872
21,663
22,649
Total Equity
- -
38.11
31.49
23.24
21.24
21.25
18.85
19.05
11.49
15.54
14.82
8.92
8.64
11.11
12.24
14.8
Return on Invested Capital (%)
- -
39.06
32.16
23.59
21.97
22.45
19.07
19.3
11.68
15.67
14.87
9.01
8.8
11.25
12.38
14.98
Return on Capital (%)
- -
46.09
35.45
24.11
22.15
22.55
19.68
20.46
12.01
15.71
14.89
9.04
8.95
11.5
12.61
15.31
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
543
521
745
LT Borrowings
25
25
25
LT Finance Leases
19
21
21
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,541
2,541
2,541
Market Capitalization
- -
- -
- -

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,082
13,411
14,709
Cash, Cash Equivalents & STI
6,816
6,681
7,082
Accounts Receivable, Net
2,159
2,370
3,028
Inventories
2,392
2,610
2,811
Total Current Liabilities
3,480
3,256
4,425
Payables & Accruals
- -
- -
- -
ST Debt
543
521
745
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.4%
15.99%
9.01%
Free Cash Flow
-697.58%
-1,460.45%
30.24%
Net Income, GAAP
15.42%
15.53%
19.54%
Sales/Revenue/Turnover
16.4%
20.12%
22.13%
Total Cash Common Dividend
15.06%
17.78%
31.24%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,564
1,864
1,953
1,994
7,375
2025
1,833
2,316
- -
2,499
9,007
2026
2,681
3,742
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.23
0.23
0.23
0.86
2025
0.21
0.28
- -
0.26
1.03
2026
0.31
0.45
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.21
- -
0.22
2025
- -
- -
- -
- -
0.29
2026
- -
0.34
- -
- -
- -
Business
Chaozhou Three-Circle (Group) Co.,Ltd. engages in the research, development, manufacture, and sale of advanced electronic components and materials with a focus on precision ceramic structural components. Its product portfolio includes multilayer chip ceramic capacitors (MLCC), lead resistors, ceramic ferrules, ceramic sleeves, optical fiber quick connectors, MT ferrules, ceramic exterior parts for mobile devices, ceramic parts for smart wearable devices, and ceramic covers for fingerprint modules. Additionally, the company produces cover glass and metal packaging, surface-mount device (SMD) ceramic packaging, ceramic wedges, semiconductor ceramic packaging bases, piezo dispensing valves, and a wide range of electronic materials such as alumina and aluminum nitride substrates, electronic pastes, solder paste, metalized ceramics, ceramic substrates, and ceramic structural parts. These products serve multiple industries including electronics, telecommunications, consumer electronics, industrial electronic equipment, new energy, and other advanced manufacturing sectors. Founded in 1970 and headquartered in Chaozhou, China, the company operates both domestically and internationally. In recent developments, Chaozhou Three-Circle has notably expanded its MLCC product line to include diversified series targeting automotive, industrial, and consumer-grade applications, emphasizing performance parameters, reliability standards, and customization for various end markets such as AI, 5G, automotive electronics, IoT, and industrial control. The company held the 2024 MLCC China Distributor Conference to reinforce partnerships, focus on industry dynamics, and strategic growth opportunities, including strengthening collaboration with distributors to penetrate automotive, AI, mobile phone, laptop, and industrial sectors. Its latest product MLCI features enhanced mechanical properties optimized for telecoms, modules, phones, and home appliances. The company is also committed to technological advancements pursuing miniaturization, high capacity, high frequency, high reliability, and high voltage breakthroughs in MLCC production. Operationally, it continues to optimize production capacity and on-site management to enhance quality and delivery capabilities. The company reported a net profit increase of 38.6% year-on-year in 2024, reflecting strong market demand and strategic execution. Chaozhou Three-Circle is a publicly listed company on the Shenzhen Stock Exchange since 2014 (ticker 300408.SZ) and maintains a workforce of over 15,000 employees. It leverages its integrated capabilities in R&D and manufacturing to serve global markets, focusing on advancing material science and electronic component technologies. Its customer base spans telecommunication, electronics, new energy, and industrial equipment sectors, with ongoing efforts to innovate and adapt to the expanding requirements of the global technology supply chain. The company’s continuing strategic initiatives include business expansion in automotive electronics and new energy applications supported by its advanced ceramic and electronic materials technologies. This comprehensive profile reflects Chaozhou Three-Circle’s position as a key player in the high-tech materials and electronic components sector with a robust commitment to innovation, strategic partnerships, and market growth. The company’s focus on quality, technology leadership, and diversification positions it for sustained development in fast-evolving industries such as AI, 5G, and automotive electronics.