SBT Ultrasonic Technology Co., Ltd. Class A

SBT Ultrasonic Technology Co., Ltd. Class A

SSSE:688392
117.00
CNY
-5.40
(-4.41%)
1.35EPS
158.96P/E
26.29BMarket Cap
Oct 31Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.95
1.17
2.3
4.63
5.23
4.58
5.17
6.85
7.77
Basic EPS, GAAP
0.21
0.08
0.78
0.86
1.11
0.58
0.76
1.04
1.43
Free Cash Flow per Basic Share
0.06
-0.07
0.94
-0.55
-0.3
-0.21
-1.67
-0.42
- -
Dividend per Share
0.04
- -
1.02
0.2
0.02
0.76
0.26
0.6
0.79
Book Value per Share
1.6
1.71
1.22
3.96
15.27
15.26
14.73
15.57
16.35
Tangible Book Value per Share
1.45
1.56
1.07
3.81
15.09
15.08
13.64
14.55
15.34
Basic Weighted Avg Shares
115
115
115
80
100
115
113
113
113
Sales/Revenue/Turnover
109
134
265
371
522
525
585
774
875
Operating Margin (%)
28.44
8.71
38.36
24.03
23.92
12.91
14.22
22.35
25.21
Depreciation Expense
2
2
3
6
10
14
16
19
- -
Net Income, GAAP
24
10
89
69
111
67
86
118
161
Effective Tax Rate (%)
1.24
- -
12.46
10.79
7.54
10.38
3.42
9.78
10.62
Profit Margin (%)
21.82
7.16
33.75
18.68
21.22
12.67
14.69
15.19
18.39
Working Capital
103
107
59
286
1,661
1,644
1,450
1,423
1,310
LT Debt
- -
- -
5
11
13
8
2
- -
- -
Total Equity
138
148
104
344
1,754
1,751
1,691
1,800
1,902
Return on Invested Capital (%)
- -
- -
56.42
27.97
9.57
3.1
4.39
5.78
7.65
Return on Capital (%)
- -
- -
63.62
26.84
10.11
3.82
4.82
6.81
8.56
Return on Common Equity (%)
- -
6.74
70.66
31.03
10.59
3.8
4.99
6.73
8.9

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
194
252
232
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
116
116
116
Market Capitalization
12,985
12,268
26,292

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,975
2,038
2,072
Cash, Cash Equivalents & STI
1,049
1,033
899
Accounts Receivable, Net
280
270
258
Inventories
337
408
538
Total Current Liabilities
551
667
762
Payables & Accruals
- -
- -
- -
ST Debt
194
252
232
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
128.86%
6.42%
Free Cash Flow
- -
82.14%
-75.15%
Net Income, GAAP
- -
12.72%
36.89%
Sales/Revenue/Turnover
- -
25.06%
32.41%
Total Cash Common Dividend
- -
735.91%
130.28%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
121
123
165
176
585
2025
148
175
- -
254
774
2026
198
248
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.04
0.13
0.58
0.76
2025
0.21
0.3
- -
0.21
1.04
2026
0.45
0.47
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.22
0.02
0.02
0.26
2025
0.01
0.36
- -
0.22
0.6
2026
0.01
0.21
- -
- -
- -

Company Description

CEO
Hong Jian Zhou
Full Time Employees
952
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Buliding 2, 3rd floor Shanghai SH China 200240
IPO Date
Sep 27, 2022
Website
sbt-sh.com
Business
SBT Ultrasonic Technology Co., Ltd. (688392.SS) engages in the research, development, design, production, and sale of ultrasonic equipment and automation solutions for industries including new energy vehicles, lithium-ion batteries, semiconductors, automotive wire harnesses, medical devices, photovoltaics, and tire rubber. The company offers a comprehensive range of core products such as ultrasonic metal welders including standard wedge welders (WE series), small wedge welders (WES series), power battery tab welders, wire harness connector welders, and semiconductor wafer bonders; non-metallic ultrasonic equipment for cutting, sealing, plastic welding, and cleaning; testing solutions encompassing ultrasonic scanning acoustic microscopes (C-SAM/SAT), X-ray detectors, and welding process monitors; as well as supporting automation systems, transducers, generators, and customized tooling. Founded in 2007 with origins tied to Shanghai Jiao Tong University and headquartered at Building 2, 3rd Floor, No. 1488 Cangyuan Road, Minhang District, Shanghai, China, SBT Ultrasonic operates globally with a subsidiary in Germany (SBT Ultrasonic Technology (Germany) GmbH) and branches across Europe, East Asia, Southeast Asia, and North America, employing over 700 staff with significant R&D investment exceeding RMB 100 million annually and holding more than 398 intellectual property rights. Recent developments include a September 2024 strategic partnership and joint venture with South Korea's Wontech in Wuxi, China, to localize medical equipment production, accelerate innovations in dentistry, dermatology, and surgery, and expand into international medical markets; a June 2024 global strategic cooperation agreement with LEONI for automotive cable welding solutions; a partnership with Sumidenso Mediatech (Suzhou) to advance ultrasonic applications in automotive sectors; receipt of TE Connectivity's 2025 "Best Technology Breakthrough Award" for low-voltage aluminum wire welding innovations; and delivery of advanced wafer-level ultrasonic scanning microscopes (SAT) for semiconductor advanced packaging detection. Listed on the Shanghai Stock Exchange STAR Market in September 2022 as China's first public industrial ultrasonic equipment company, SBT continues to prioritize R&D with 40% staff allocation and 21.65% of 2024 revenues dedicated to innovation across its strategic pillars of new energy, semiconductors, and medical aesthetics.