Tianjin FUJI-TA Bicycle Industrial Co. Ltd. Class A

Tianjin FUJI-TA Bicycle Industrial Co. Ltd. Class A

SSSE:603468
19.40
CNY
-0.62
(-3.10%)
0.55EPS
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
21.8
9.76
13.15
13.64
8.32
Basic EPS, GAAP
1.73
0.77
1.1
1.03
0.51
Free Cash Flow per Basic Share
0.89
1.05
0.74
1.53
- -
Dividend per Share
0.34
- -
0.17
0.33
- -
Book Value per Share
5.12
5.91
6.85
7.52
7.99
Tangible Book Value per Share
4.81
5.6
6.56
7.15
7.64
Basic Weighted Avg Shares
201
371
371
371
371
Sales/Revenue/Turnover
4,371
3,621
4,880
5,061
3,088
Operating Margin (%)
9.4
8.83
10.16
8.43
9.08
Depreciation Expense
90
83
84
93
- -
Net Income, GAAP
348
285
408
382
189
Effective Tax Rate (%)
13.74
13.31
12
11.33
9.39
Profit Margin (%)
7.96
7.86
8.36
7.55
6.11
Working Capital
1,410
1,761
2,140
2,294
2,501
LT Debt
19
21
38
55
53
Total Equity
2,016
2,303
2,658
2,947
3,132
Return on Invested Capital (%)
- -
13.09
17.22
14.12
7.38
Return on Capital (%)
- -
13.3
16.04
13.16
6.32
Return on Common Equity (%)
- -
13.92
17.24
14.34
7.31

Capital Structure

CNY

•

in mil. unless spec.
Dec'23
Jun'25
Jun'26
ST Debt
24
80
56
LT Borrowings
- -
- -
- -
LT Finance Leases
21
50
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
371
371
371
Market Capitalization
- -
- -
- -

Working Capital

CNY

•

in mil. unless spec.
Dec'23
Jun'25
Jun'26
Total Current Assets
3,073
4,048
4,431
Cash, Cash Equivalents & STI
1,426
1,680
2,356
Accounts Receivable, Net
589
1,275
1,036
Inventories
923
911
805
Total Current Liabilities
1,312
1,950
1,930
Payables & Accruals
- -
- -
- -
ST Debt
24
80
56
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
10.88%
Free Cash Flow
- -
- -
105.83%
Net Income, GAAP
- -
- -
-6.33%
Sales/Revenue/Turnover
- -
- -
3.7%
Total Cash Common Dividend
- -
- -
91.51%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4,880
2025
1,207
1,385
- -
- -
5,061
2026
1,361
1,727
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.1
2025
0.25
0.25
- -
- -
1.03
2026
0.22
0.28
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.17
2025
- -
- -
- -
- -
0.33
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jin Cheng Wu
Full Time Employees
5,757
Sector
Consumer durables
Industry
Motor vehicles
Address
Tianjin China
IPO Date
Aug 6, 2026
Business
Tianjin FUJI-TA Bicycle Industrial Co. Ltd. is a China-based manufacturer specializing in the research, development, design, production, and distribution of bicycles, electric bicycles, shared-mobility vehicles, and cycling components. Founded under the Tianjin Fuji-ta Group in 1992 and incorporated in 2016, the company is headquartered in Tianjin, China, and operates as a core subsidiary of Tianjin Fuji-ta Group Co., Ltd. The company operates primarily as an original equipment manufacturer (OEM) and original design manufacturer (ODM) for international cycling brands and shared-transportation platforms, while also producing and marketing its own proprietary brand, Battle Fujita. Its product and service offerings encompass mountain bikes; road and gravel racing bicycles; urban commuter and recreational bicycles; touring bicycles; children's bicycles; lithium-ion battery-powered electric-assisted bicycles (e-bikes); specialized shared-bike fleet vehicles and docking-compatible hardware; bicycle frames, front forks, transmission assemblies, and precision cycle components; as well as custom contract manufacturing, collaborative engineering design, rapid prototyping, automated frame welding and coating, assembly, and supply-chain management services. The company supplies high-profile international brands including Specialized, Decathlon, Scott, Pon, Panasonic, Cycleurope, Cannondale, and Bianchi, alongside major domestic shared-mobility operators such as Meituan, Hello, and Qingju. Tianjin FUJI-TA Bicycle Industrial Co. Ltd. distributes products domestically across China and exports to nearly 100 countries and regions worldwide, including Europe, North America, Southeast Asia, and Latin America. In August 2026, the company completed its initial public offering on the Main Board of the Shanghai Stock Exchange under ticker 603468, raising approximately 619 million CNY to finance intelligent manufacturing upgrades, research and development in lightweight materials and electric powertrain systems, and global distribution network expansion. In recent operational developments, the company has expanded its multi-regional production footprint across Southeast Asia through manufacturing facilities in Vietnam and Cambodia to diversify export capacity, while accelerating a strategic transition toward high-margin e-bike solutions, connected smart cycling technologies, and the commercial scaling of its proprietary Battle brand.