MayAir Technology (China) Co., Ltd. Class A

MayAir Technology (China) Co., Ltd. Class A

SSSE:688376
47.80
CNY
+1.16
(+2.49%)
15.73BMarket Cap
Oct 31Next Earn
MayAir Technology (China) Co., Ltd. Class A
SSE:688376
(Shanghai Stock Exchange)

Recent

price

47.80

P/E

ratio

- -

div

yld

0.61%

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
4.09
6.37
7.89
8.95
11.36
11.86
11.21
12.83
14.34
- -
Revenue per Share
0.23
0.35
0.71
0.82
1.07
1.19
1.29
1.43
0.9
- -
Basic EPS, GAAP
-0.54
-0.49
0.14
-0.03
0.55
-1.3
-1.78
-3.01
0.41
- -
Free Cash Flow per Basic Share
0.05
0.08
0.09
0.11
0.1
0.09
0.18
0.59
0.39
0.29
Dividend per Share
1.95
2.33
2.69
3.51
4.58
10.98
12.15
13.34
14.24
14.73
Book Value per Share
1.73
2.03
2.69
3.2
4.29
10.61
10.28
11.47
12.33
12.87
Tangible Book Value per Share
100
100
100
101
101
103
134
134
135
136
Basic Weighted Avg Shares
408
640
792
903
1,150
1,227
1,505
1,723
1,929
- -
Sales/Revenue/Turnover
9.07
9.42
100
12.68
11.69
12.96
13.02
14.58
8.37
- -
Operating Margin (%)
5
10
5
12
18
27
36
53
80
- -
Depreciation Expense
23
35
71
83
108
123
173
192
121
- -
Net Income, GAAP
21.18
11.14
14.19
13.24
9.44
10.81
10.36
11.74
10.32
- -
Effective Tax Rate (%)
5.62
5.49
9
9.16
9.41
10.03
11.51
11.14
6.28
- -
Profit Margin (%)
79
97
108
179
286
1,252
1,124
1,409
1,310
1,206
Working Capital
34
37
29
10
37
48
121
440
382
333
LT Debt
196
235
271
356
465
1,480
1,641
1,804
2,075
2,146
Total Equity
- -
8.84
15.62
14.63
15.94
9.39
8.6
7.91
4.1
- -
Return on Invested Capital (%)
- -
12.15
17.07
16.62
17.41
10.02
8.98
8.37
4.39
- -
Return on Capital (%)
- -
16.29
28.15
26.48
26.55
12.71
11.14
11.21
6.51
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
642
720
652
LT Borrowings
372
285
274
LT Finance Leases
10
10
59
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
135
135
135
Market Capitalization
7,819
7,857
15,730

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,933
2,884
3,049
Cash, Cash Equivalents & STI
906
804
799
Accounts Receivable, Net
1,001
1,072
1,242
Inventories
624
629
655
Total Current Liabilities
1,623
1,654
1,843
Payables & Accruals
- -
- -
- -
ST Debt
642
720
652
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
56.98%
15.02%
Free Cash Flow
- -
-415.08%
-113.69%
Net Income, GAAP
- -
11.84%
-36.93%
Sales/Revenue/Turnover
- -
16.63%
11.97%
Total Cash Common Dividend
- -
68.78%
-33.99%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
273
484
445
521
1,723
2025
317
618
- -
443
1,929
2026
458
621
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.43
0.41
0.32
1.43
2025
0.31
0.42
- -
-0.15
0.9
2026
0.23
0.38
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.34
- -
0.04
0.59
2025
0.05
0.05
- -
0.04
0.39
2026
0.04
0.21
- -
- -
- -
Business
MayAir Technology (China) Co., Ltd. is a China-based environmental technology and manufacturing company primarily engaged in the research, design, production, and sale of cleanroom equipment, air filtration products, and industrial pollution control systems. Founded in 2001 and headquartered in Nanjing, Jiangsu Province, China, the company provides critical contamination control and air purification solutions to industries requiring ultra-clean operating environments, including semiconductor fabrication, flat panel display manufacturing, lithium-ion battery production, biopharmaceuticals, precision instruments, healthcare, and commercial real estate. The company operates across three main business segments: Cleanroom Air Purification Equipment, Air Filtration Consumables, and Industrial Environmental Protection Systems. Its product and service offerings comprise cleanroom equipment, including fan filter units (FFU), laminar flow hoods, pass boxes, clean benches, air showers, weighing booths, and integrated cleanroom wall and ceiling grid systems; air filtration products, including primary and secondary pre-filters, medium-efficiency bag filters, high-efficiency particulate air (HEPA) filters, ultra-low particulate air (ULPA) filters graded up to U17, chemical molecular filters for airborne molecular contamination (AMC) removal, high-temperature filters, and electrostatic precipitators; industrial emissions and dust control systems, including centralized explosion-proof dust collectors, wet scrubbers, oil mist collectors, volatile organic compound (VOC) treatment systems, and acid-alkali gas exhaust abatement systems; and commercial and medical air purification units, including hospital-grade air sterilizers, mobile purifiers, and HVAC in-duct filtration equipment. Additionally, the company offers cleanroom validation and testing, air quality monitoring, system maintenance, and consumable replacement services. MayAir Technology serves domestic and international markets, maintaining production facilities and sales networks across mainland China as well as regional operations in Southeast Asia, East Asia, Europe, and North America. The company operates key subsidiaries such as Channel Systems Asia Sdn. Bhd., Channel Systems International Limited, CSA Technic Sdn. Bhd., and Channel Systems (Shanghai) Co., Ltd. to support its specialized cleanroom architectural systems and overseas engineering services. In recent developments, MayAir Technology has expanded its production capacity through the completion and commissioning of its new advanced manufacturing base in Anhui Province, substantially increasing output for high-efficiency filtration materials and air purification equipment. The company has also accelerated its globalization strategy, strengthening its presence in Southeast Asia and supplying environmental and dust control systems to international manufacturing projects initiated by Chinese new energy and lithium-ion battery producers. Furthermore, the company has expanded its product portfolio with the release of ATEX- and CE-certified explosion-proof central dust extraction systems tailored for battery manufacturing environments, alongside next-generation chemical molecular filters and ultra-low resistance U17 ULPA filters developed for advanced semiconductor fabrication processes.