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Crown Advanced Material Co. Ltd. Class A

Crown Advanced Material Co. Ltd. Class A

SSSE:688560
11.64
CNY
+0.18
(+1.57%)
-0.62EPS
2.39BMarket Cap
Crown Advanced Material Co. Ltd. Class A
SSE:688560
(Shanghai Stock Exchange)

Recent

price

11.64

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.62
3.29
4.79
7.05
7.66
7.49
7.87
10.46
7.02
4.51
3.81
4.3
Revenue per Share
0.3
0.21
0.3
0.72
0.85
0.86
0.75
0.63
-0.12
-0.35
-0.75
-0.62
Basic EPS, GAAP
-0.36
-0.36
0.49
0.13
0.44
-0.13
-1.33
-0.85
0.45
0.25
-1.63
- -
Free Cash Flow per Basic Share
0.01
0.01
0.03
0.03
0.02
0.01
0.2
0.27
0.18
- -
- -
- -
Dividend per Share
3.18
3.38
3.69
4.41
5.26
8.08
8.63
15.58
14.24
13.62
12.85
12.73
Book Value per Share
3.08
3.29
3.59
4.31
4.72
7.65
8.1
14.97
13.64
13.04
12.03
11.93
Tangible Book Value per Share
121
122
124
123
123
123
164
167
199
192
189
186
Basic Weighted Avg Shares
318
401
595
867
946
919
1,289
1,742
1,396
864
720
800
Sales/Revenue/Turnover
13.86
10.53
11.2
12.49
16.73
14.35
10.32
10.68
-3.7
-10.98
-17.01
-9.46
Operating Margin (%)
12
12
13
16
20
22
21
46
56
66
72
- -
Depreciation Expense
36
26
37
88
105
105
123
105
-24
-67
-142
-115
Net Income, GAAP
15.92
20.94
21.37
14.63
12.5
12.62
10.64
9.52
- -
- -
- -
- -
Effective Tax Rate (%)
11.45
6.39
6.26
10.21
11.09
11.48
9.54
6.02
-1.71
-7.76
-19.67
-14.32
Profit Margin (%)
289
302
361
424
466
1,060
997
2,466
2,086
1,922
1,866
1,826
Working Capital
- -
- -
41
33
21
- -
- -
4
6
- -
1
- -
LT Debt
391
416
454
542
647
1,326
1,427
3,150
2,867
2,742
2,586
2,562
Total Equity
- -
5.04
7.3
14.7
16.9
10.87
9.38
5.7
- -
- -
- -
- -
Return on Invested Capital (%)
- -
6.65
7.94
16.25
16.54
10.43
8.84
3.7
- -
- -
- -
- -
Return on Capital (%)
- -
6.35
8.55
17.77
17.64
10.69
8.97
4.61
-0.8
-2.39
-5.31
-4.34
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
17
2
20
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
201
201
201
Market Capitalization
2,877
2,889
2,385

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,060
2,027
2,032
Cash, Cash Equivalents & STI
1,501
1,390
1,373
Accounts Receivable, Net
298
309
348
Inventories
97
156
133
Total Current Liabilities
194
197
207
Payables & Accruals
- -
- -
- -
ST Debt
17
2
20
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.86%
21.87%
-5.7%
Free Cash Flow
9.73%
59.68%
-728.97%
Net Income, GAAP
34.37%
34.22%
111.06%
Sales/Revenue/Turnover
12.73%
0.16%
-16.7%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
327
278
156
103
864
2025
174
208
- -
182
720
2026
197
213
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
-0.12
-0.28
-0.35
2025
-0.12
-0.16
- -
-0.36
-0.75
2026
-0.09
-0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Crown Advanced Material Co., Ltd. (688560.SS) researches, develops, manufactures and sells new composite membrane materials primarily for new energy applications including photovoltaic modules and lithium batteries. The company offers solar cell module backsheets such as environmentally friendly fluorine-free backsheets with a 60GW supply capacity and global-leading shipments; N-type battery packaging solutions encompassing TOPCon, HJT and IBC cell encapsulation films with 25GW current capacity expanding to 75GW via new facilities; solar cell encapsulation films; multifunctional films; battery backplanes; POE films; PVB films; special protective films; and lithium pouch cell aluminum plastic films utilizing proprietary drying-heating hybrid processes for enhanced electrolyte resistance, deep drawability and formability. These products serve power, energy storage and digital battery systems as well as photovoltaic modules for leading global customers including LONGi, JA Solar, Trina Solar, Canadian Solar, Risen Energy, BYD and others among over 200 clients. Founded in 2007 and headquartered at No. 32 Jingfa Avenue, Yichun Economic and Technological Development Zone, Yichun City, Jiangxi Province, China, the company operates manufacturing bases in Yichun, Suzhou and Hefei (under construction), plus Vietnam, alongside the Jiangxi Photovoltaic Composite Materials Engineering Technology Center and Suzhou R&D Center. Crown Advanced Material holds nearly 130 patents including nine PCTs, contributed to national solar backsheet standards and lithium aluminum laminated film group standards, and maintains DEKRA-certified labs as a national high-tech "little giant" enterprise with intellectual property advantages. Recent developments include expansion of N-type cell encapsulation film capacity to 25GW across Yichun and Vietnam facilities with a planned 50GW Hefei base; construction of the Hefei manufacturing site; and sustained global leadership in fluorine-free backsheet shipments with 16 years of zero-failure terminal operations.