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Chengdu M&S Electronics Technology Co., Ltd. Class A

Chengdu M&S Electronics Technology Co., Ltd. Class A

SSSE:688311
26.00
CNY
+1.07
(+4.29%)
-0.26EPS
4.59BMarket Cap
Oct 31Next Earn
Chengdu M&S Electronics Technology Co., Ltd. Class A
SSE:688311
(Shanghai Stock Exchange)

Recent

price

26.00

P/E

ratio

- -

div

yld

0.05%

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.23
1.38
1.79
2.38
3.08
2.98
3.11
2.53
0.87
3.21
3.01
Revenue per Share
0.24
0.04
0.29
0.61
0.78
0.84
0.17
-0.43
-1.7
-0.1
-0.26
Basic EPS, GAAP
-1.54
-0.18
-0.16
-0.56
-0.46
-0.73
-1.75
-1.7
-2.2
1.16
- -
Free Cash Flow per Basic Share
0.03
0.02
0.09
0.01
0.32
0.01
0.32
0.07
0.03
0.02
0.01
Dividend per Share
2.38
2.99
3.2
4.32
10.24
11.08
10.77
10.62
9.66
9.96
10.04
Book Value per Share
2.03
2.66
2.85
3.95
9.97
10.25
9.97
9.81
9.43
9.76
9.85
Tangible Book Value per Share
66
116
113
119
137
159
154
131
160
164
169
Basic Weighted Avg Shares
146
161
202
283
423
476
479
331
139
525
510
Sales/Revenue/Turnover
14.72
10.11
23.43
32.26
33.6
33
10.04
-13.13
-106.74
-0.69
-2.21
Operating Margin (%)
7
11
20
20
24
21
48
70
73
72
- -
Depreciation Expense
16
5
32
73
107
134
26
-56
-272
-16
-44
Net Income, GAAP
21.31
53.35
16.21
7.64
14.62
12.91
- -
- -
- -
- -
- -
Effective Tax Rate (%)
10.91
3.1
15.94
25.81
25.29
28.25
5.46
-17
-194.92
-3.12
-8.6
Profit Margin (%)
170
230
189
323
1,330
1,214
890
1,028
862
864
866
Working Capital
- -
- -
- -
50
99
153
108
320
153
142
17
LT Debt
256
339
363
521
1,644
1,821
1,777
1,757
1,677
1,718
1,805
Total Equity
- -
1.64
8.77
14.81
8.92
7.12
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
1.95
9.09
14.94
9.05
7.11
- -
- -
- -
- -
- -
Return on Capital (%)
- -
1.67
9.19
16.53
9.89
7.85
1.49
-3.27
-16.29
-0.99
-2.6
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
65
69
64
LT Borrowings
142
29
17
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
168
174
175
Market Capitalization
7,657
6,507
4,586

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,409
1,390
1,383
Cash, Cash Equivalents & STI
383
349
292
Accounts Receivable, Net
708
684
750
Inventories
282
310
303
Total Current Liabilities
545
512
517
Payables & Accruals
- -
- -
- -
ST Debt
65
69
64
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.02%
2.46%
Free Cash Flow
- -
20.85%
-153.88%
Net Income, GAAP
- -
-16.34%
-93.97%
Sales/Revenue/Turnover
- -
40.22%
276.78%
Total Cash Common Dividend
- -
487.89%
-33.29%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
66
7
52
139
2025
21
99
- -
277
525
2026
12
122
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.14
-0.13
-0.53
-0.86
-1.7
2025
-0.09
-0.13
- -
0.19
-0.1
2026
-0.09
-0.22
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
- -
0.03
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -
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Business
Chengdu M&S Electronics Technology Co., Ltd. (688311.SS) manufactures and sells satellite navigation and satellite communication terminal equipment; provides related technical services; and develops electronic countermeasures and data link products. Satellite navigation offerings include anti-interference radio frequency components, navigation display computers, landmark pickers, anti-interference navigation receivers, portable satellite navigation simulators, and navigation jammers. Satellite communication products comprise civil aviation airborne dongzhongtong antennas, unmanned aerial vehicle dongzhongtong communication antennas, shipborne satcom-in-motion antennas, airborne satcom-in-motion antennas, car satcom antennas, and beacon tracking receivers. The company, founded in 2013 and headquartered in Chengdu, China, operates primarily in China with overseas sales; employs 400 people; and serves defense, military, civil aviation, and maritime sectors. Satellite navigation generates the majority of revenue, though both navigation and communication segments declined in 2024 to CNY77 million and CNY58.17 million, respectively, from prior years. The company reports earnings for the first quarter ended March 31, 2025, and full year ended December 31, 2024, reflecting ongoing operational focus amid market challenges; it holds national "little giant" status for specialized innovation in these technologies.