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Qingdao Gaoce Technology Co. Ltd. Class A

Qingdao Gaoce Technology Co. Ltd. Class A

SSSE:688556
6.99
CNY
+0.25
(+3.71%)
-0.56EPS
11.03BMarket Cap
Oct 30Next Earn
Qingdao Gaoce Technology Co. Ltd. Class A
SSE:688556
(Shanghai Stock Exchange)

Recent

price

6.99

P/E

ratio

- -

div

yld

1.96%

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.2
0.28
0.49
0.34
0.97
1.32
1.37
1.24
2.2
5.01
8.37
6.07
4.5
4.37
Revenue per Share
- -
0.03
0.01
0.01
0.1
0.12
0.06
0.1
0.24
1.11
1.98
-0.06
-0.05
-0.57
Basic EPS, GAAP
- -
- -
-0.05
-0.19
-0.06
-0.14
-0.09
-0.16
-0.01
0.03
1.21
-2.1
-0.52
- -
Free Cash Flow per Basic Share
0.01
0.01
0.01
- -
0.01
0.01
0.02
0.01
0.03
0.04
0.57
0.5
0.14
0.14
Dividend per Share
0.09
0.12
0.25
0.27
0.6
0.8
0.74
1.39
1.62
2.89
5.35
4.81
4.75
4.15
Book Value per Share
0.08
0.11
0.24
0.26
0.59
0.78
0.73
1.33
1.56
2.83
5.27
4.73
4.68
4.09
Tangible Book Value per Share
249
249
131
431
436
461
521
601
713
712
738
737
812
816
Basic Weighted Avg Shares
49
69
65
147
425
607
714
746
1,567
3,571
6,184
4,474
3,650
3,567
Sales/Revenue/Turnover
3.45
13.81
6.57
9.05
15.12
13.55
8.46
12.27
16.06
27.56
28.54
5.65
2.14
-0.33
Operating Margin (%)
1
1
1
3
5
13
22
25
62
138
225
348
434
- -
Depreciation Expense
1
8
1
6
42
54
32
59
173
789
1,461
-44
-41
-463
Net Income, GAAP
22.54
12.22
11.98
27.74
10.82
7.02
- -
- -
7.69
10.82
11.39
- -
- -
- -
Effective Tax Rate (%)
2.39
12
1.84
4.01
9.82
8.82
4.48
7.89
11.02
22.09
23.63
-0.99
-1.11
-12.99
Profit Margin (%)
4
10
35
26
68
63
149
618
435
1,357
2,720
2,334
2,616
2,684
Working Capital
- -
- -
- -
- -
- -
- -
- -
76
81
440
498
1,563
1,410
1,626
LT Debt
22
30
61
67
163
217
395
984
1,154
2,067
4,062
3,680
3,943
3,448
Total Equity
- -
12.54
-1.52
2.84
24.94
20.26
- -
- -
16.43
41.69
40.78
- -
- -
- -
Return on Invested Capital (%)
- -
16.74
2.02
7.63
25.9
21.7
- -
- -
15.2
43.02
42.06
- -
- -
- -
Return on Capital (%)
- -
31.96
2.62
9.17
36.24
28.18
10.47
8.53
16.15
48.97
47.68
-1.14
-1.06
-13.13
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
166
175
250
LT Borrowings
469
466
599
LT Finance Leases
941
1,031
1,027
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
831
831
831
Market Capitalization
9,487
10,867
11,033

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,781
4,502
5,264
Cash, Cash Equivalents & STI
575
494
1,216
Accounts Receivable, Net
1,977
1,818
1,678
Inventories
1,037
1,110
1,117
Total Current Liabilities
2,164
1,756
2,581
Payables & Accruals
- -
- -
- -
ST Debt
166
175
250
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
60.74%
38.12%
7.13%
Free Cash Flow
472.73%
678.32%
-72.8%
Net Income, GAAP
159.72%
104.81%
-8.24%
Sales/Revenue/Turnover
64.57%
53%
-18.43%
Total Cash Common Dividend
174.05%
295.62%
-68.34%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,420
1,226
785
1,043
4,474
2025
686
766
- -
1,219
3,650
2026
792
791
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.08
-0.09
-0.33
-0.06
2025
-0.1
-0.02
- -
0.05
-0.05
2026
-0.06
-0.53
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.2
- -
0.27
0.5
2025
- -
0.13
- -
- -
0.14
2026
- -
- -
- -
- -
- -
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Business
Qingdao Gaoce Technology Co., Ltd. (688556.SS) researches, develops, manufactures, and sells cutting equipment and consumables for hard and brittle materials, primarily serving the photovoltaic, semiconductor, silicon carbide, sapphire, and magnetic materials industries; core products include photovoltaic cutting equipment such as loop cutting machines, single crystal cutting machines, grinding and polishing machines, diamond wire slicers, diamond wires, looped diamond wires, and diamond grinding tools; semiconductor cutting equipment; silicon carbide slicers, thinning and chamfering machines, and special diamond wires; sapphire and magnetic material cutting equipment; silicon wafer equipment like squaring machines, chamfering machines, and multi-wire croppers; plus cutting processing services with 63 GW operational capacity for large-size silicon wafers (182-210 mm, 110-155 µm thick) and total planned capacity of 102 GW across sites in Yibin, Leshan, and Yancheng. Founded in 2006 and headquartered at No. 66 Chongsheng Road, Qingdao High-tech Industrial Development Zone, Shandong, China, the company operates through wholly-owned subsidiaries including Changzhi Gaoce New Material Technology Co., Ltd., Huguan Gaoce New Material Technology Co., Ltd., Luoyang Gaoce Precision Machinery Co., Ltd., Leshan Gaoce New Energy Technology Co., Ltd., Yancheng Gaoce New Energy Technology Co., Ltd., and Yibin Gaoce New Energy Technology Co., Ltd., supporting seven manufacturing bases focused on China with customers among the top ten global photovoltaic silicon wafer manufacturers and international clients like Adani Group. Recent developments feature a May 2025 debt-to-equity swap converting 100 million yuan of debt into a 1.08% stake in Jiangsu Runyang New Energy Technology Co., Ltd. to bolster partnership and core operations; a November 2025 announcement for a new 25 GW large-size silicon wafer project in Yibin, Sichuan, with 1 billion yuan investment as the first phase of a 50 GW initiative via a wholly-owned subsidiary; ongoing expansion of slicing capacity to 102 GW with 4.226 billion wafers produced in 2024; and sales contracts including 146 million yuan for photovoltaic cutting equipment and tools plus equipment supply to Adani Group. The company reported operating revenue of 4.474 billion yuan as of December 31, 2024, emphasizing innovations like double-station loop-wire squaring, composite grinding spindles, adjustable wheelbase slicing, 12-wire diamond wire production, and ultra-precision semiconductor slicing.