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Wave Cyber (Shanghai) Co., Ltd. Class A

Wave Cyber (Shanghai) Co., Ltd. Class A

SSSE:688718
12.44
CNY
+0.14
(+1.14%)
0.31EPS
53.81P/E
2.77BMarket Cap
Oct 30Next Earn
Wave Cyber (Shanghai) Co., Ltd. Class A
SSE:688718
(Shanghai Stock Exchange)

Recent

price

12.44

P/E

ratio

53.81

div

yld

0.88%

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.28
2.53
2.77
2.41
2.55
1.77
2.17
2.14
2.4
2.56
Revenue per Share
0.36
0.42
0.51
0.36
0.34
0.18
0.26
0.22
0.26
0.3
Basic EPS, GAAP
0.34
0.42
-0.04
0.05
-0.62
-0.15
-0.15
0.05
0.29
- -
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.35
0.01
- -
- -
0.11
0.11
0.11
Dividend per Share
2.35
2.78
3.29
3.31
3.94
4.13
4.39
4.44
4.59
4.71
Book Value per Share
2.2
2.63
3.04
2.78
3.55
3.75
4.02
4.08
4.23
4.34
Tangible Book Value per Share
132
130
130
130
148
174
177
175
175
171
Basic Weighted Avg Shares
300
328
361
314
379
308
384
375
419
438
Sales/Revenue/Turnover
20.12
19.04
100
18.05
17.17
8.98
11.56
9.68
13.51
15.06
Operating Margin (%)
20
21
6
21
24
27
34
38
43
- -
Depreciation Expense
47
54
66
47
50
31
46
39
45
51
Net Income, GAAP
12.78
12.09
12.31
11.69
12.52
1.52
3.58
4.27
7.91
9.25
Effective Tax Rate (%)
15.82
16.59
18.39
14.91
13.31
10.19
11.96
10.28
10.85
11.61
Profit Margin (%)
105
168
150
102
265
218
208
168
221
235
Working Capital
- -
- -
- -
1
- -
- -
- -
- -
- -
1
LT Debt
306
362
429
431
684
717
766
773
799
821
Total Equity
- -
15.38
15.82
10.12
9.37
4.41
6.03
4.85
6.02
6.54
Return on Invested Capital (%)
- -
15.51
16.16
10.37
8.89
4.42
6.27
5.23
5.61
6.14
Return on Capital (%)
- -
16.27
16.77
10.87
9.05
4.48
6.21
5.03
5.8
6.36
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
174
174
174
Market Capitalization
2,273
2,572
2,775

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
294
291
299
Cash, Cash Equivalents & STI
77
80
79
Accounts Receivable, Net
109
92
110
Inventories
89
92
87
Total Current Liabilities
73
75
64
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.9%
3.41%
Free Cash Flow
- -
-247.11%
428.83%
Net Income, GAAP
- -
3.68%
17.85%
Sales/Revenue/Turnover
- -
7.25%
11.71%
Total Cash Common Dividend
- -
2,279.06%
0.68%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
76
108
98
93
375
2025
88
97
- -
138
419
2026
91
111
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.09
0.06
0.05
0.22
2025
0.03
0.06
- -
0.11
0.26
2026
0.06
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.01
0.11
2025
- -
- -
- -
0.11
0.11
2026
- -
- -
- -
- -
- -
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Business
Wave Cyber (Shanghai) Co., Ltd. (688718.SS) manufactures and sells high-performance roll-type separation membranes and related professional supporting equipment for water treatment applications. Founded in 2001 and headquartered at No. 899, Songying Road, Qingpu District, Shanghai, China, the company produces reverse osmosis (RO) membranes under the Ospura brand, nanofiltration (NF) membranes, lithium extraction systems, composite pressure tanks, fiberglass-reinforced plastic pressure tanks, membrane pressure vessels (MPV), brine tanks, and cabinets; these products serve residential, commercial, industrial, and municipal water purification segments including material concentration, separation, seawater desalination, and saltwater lithium extraction. Wave Cyber distributes its offerings primarily within China and to overseas markets, holding certifications such as NSF/ANSI/CAN 61 for compliance in health effects criteria. In recent developments, a shareholder announced plans in December 2025 to unload up to a 3.0% stake in the company, while 2024 financials reflected revenue of CNY 375 million and net income attributable to the parent of CNY 37.77 million amid a strategic focus on accessory customer satisfaction and titles like Quality Supplier from leading saltwater lithium extraction enterprises.