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Western Superconducting Technologies Co Ltd Class A

Western Superconducting Technologies Co Ltd Class A

SSSE:688122
56.89
CNY
+1.19
(+2.14%)
1.61EPS
44.38P/E
40.81BMarket Cap
Oct 30Next Earn
Western Superconducting Technologies Co Ltd Class A
SSE:688122
(Shanghai Stock Exchange)

Recent

price

56.89

P/E

ratio

44.38

div

yld

0.24%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.76
1.34
1.55
1.53
1.53
1.88
1.96
1.75
1.96
2.49
3.42
4.74
6.51
6.4
7.1
8.04
8.54
Revenue per Share
0.11
0.18
0.21
0.19
0.19
0.29
0.33
0.26
0.24
0.27
0.6
1.2
1.66
1.16
1.23
1.29
1.42
Basic EPS, GAAP
-0.11
-0.2
-0.14
0.11
0.2
-0.3
-0.3
-0.36
0.16
-0.47
-0.67
-0.1
-0.56
-0.38
0.14
0.45
- -
Free Cash Flow per Basic Share
0.11
0.13
0.21
0.17
0.1
0.28
0.29
0.29
0.3
0.27
0.29
0.36
0.8
0.82
0.8
0.87
0.14
Dividend per Share
0.79
0.89
1.06
1.12
1.3
1.79
3.4
3.43
3.47
4.16
4.55
8.68
9.23
9.74
10.29
10.97
11.12
Book Value per Share
0.5
0.59
0.77
0.78
0.86
1.36
3
3.05
3.1
3.85
4.27
8.37
8.95
9.29
9.78
10.48
10.64
Tangible Book Value per Share
556
556
465
460
460
471
494
552
556
582
618
618
650
650
650
650
644
Basic Weighted Avg Shares
424
744
718
706
706
887
967
967
1,088
1,446
2,113
2,927
4,227
4,159
4,612
5,226
5,498
Sales/Revenue/Turnover
19.41
18.69
20.39
17.89
17.89
22.61
23.16
21.78
19.43
15.93
25.58
30.6
30.28
21.73
23.94
23.2
18.43
Operating Margin (%)
26
39
43
50
50
55
60
64
75
94
100
109
124
144
168
206
- -
Depreciation Expense
62
102
100
89
89
138
162
142
135
158
371
741
1,080
752
801
839
911
Net Income, GAAP
18.62
15.54
13.62
13.63
13.63
12.54
12.49
10.91
9.46
8.3
12.6
12.49
11.51
11.93
12.92
8.53
8.89
Effective Tax Rate (%)
14.62
13.66
13.87
12.57
12.57
15.54
16.79
14.68
12.4
10.94
17.55
25.33
25.55
18.09
17.36
16.06
16.57
Profit Margin (%)
98
92
241
173
313
640
1,336
1,193
1,339
1,886
2,090
4,515
5,760
6,070
5,644
6,140
7,784
Working Capital
197
151
280
198
243
298
216
201
343
318
383
446
1,180
1,553
907
1,111
2,512
LT Debt
440
498
597
628
733
1,024
1,922
1,960
1,979
2,615
2,887
5,443
6,361
6,736
7,267
7,826
8,006
Total Equity
6.12
10.16
6.81
4.35
4.19
6.17
5.34
4.81
4.31
4.39
9.11
13.28
13.95
8.42
9.07
9.14
9.16
Return on Invested Capital (%)
10.67
13.91
11.8
9.27
9.13
10.51
8.18
6.05
5.77
5.94
10.3
13.83
14.18
8.76
8.03
7.42
7.56
Return on Capital (%)
16.33
21.74
18.33
14.65
13.23
16.06
11.25
7.48
7.04
7.04
13.79
18.15
19.02
12.21
12.31
12.15
12.94
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,153
1,856
1,556
LT Borrowings
1,110
1,220
2,512
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
650
650
650
Market Capitalization
48,452
46,068
40,805

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,752
11,787
13,222
Cash, Cash Equivalents & STI
2,857
2,388
3,666
Accounts Receivable, Net
2,848
3,145
3,530
Inventories
4,477
4,552
4,737
Total Current Liabilities
5,611
5,370
5,438
Payables & Accruals
- -
- -
- -
ST Debt
2,153
1,856
1,556
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.01%
25.38%
7.69%
Free Cash Flow
-0.43%
90.61%
208.91%
Net Income, GAAP
27.84%
25.31%
4.81%
Sales/Revenue/Turnover
20.61%
21.11%
13.29%
Total Cash Common Dividend
20%
33.16%
9.89%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
794
1,227
1,215
1,377
4,612
2025
1,074
1,649
- -
1,237
5,226
2026
1,080
1,531
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.37
0.39
0.3
1.23
2025
0.26
0.58
- -
0.29
1.29
2026
0.07
0.46
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.03
0.72
0.02
0.8
2025
0.12
0.02
- -
0.06
0.87
2026
0.03
0.03
- -
- -
- -
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Business
Western Superconducting Technologies Co., Ltd. (688122.SS) manufactures high-performance superconducting materials, titanium alloys and superalloys for aerospace, medical, energy, transportation and defense applications; the company produces niobium-titanium (NbTi) ingot rods and superconducting wires, Nb3Sn superconducting wires, MgB2 high-temperature superconducting wires, superconducting magnets including those for single-crystal silicon production, titanium alloy billets, forgings, bars, rods, wires and profiles across various specifications, as well as deformed superalloys and superalloy master alloys. Headquartered in Xi'an, Shaanxi Province, China, with production facilities in the Xi'an Economic-Technological Development Zone and Xi'an Jing Wei Industrial Park totaling 500,000 square meters, Western Superconducting Technologies operates primarily in China while exporting titanium products to Europe, Asia and America; founded on February 28, 2003, as a joint-stock company with registered capital of 55 million USD, it maintains shareholdings in domestic titanium sponge plants and serves as a leading supplier to China's aviation sector and the world's only fully integrated producer of NbTi ingot rods, wires and magnets. Recent developments include the achievement of mass production for practical MgB2 high-temperature superconducting wires using Powder-In-Tube technology, with single-wire lengths exceeding 20,000 meters and cumulative output over 250 kilometers to support China Southern Power Grid's superconducting magnetic energy storage devices, alongside the first international preparation of kilometer-level multi-core MgB2 wires via central magnesium diffusion method; in 2024, the company partnered with six application-oriented entities including multiple A-share listed companies to establish a nuclear fusion venture where it holds the largest stake as primary shareholder.