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    Electrical products
Zhuhai CosMX Battery Co. Ltd. Class A

Zhuhai CosMX Battery Co. Ltd. Class A

SSSE:688772
14.72
CNY
+0.82
(+5.90%)
22.34BMarket Cap
Oct 24Next Earn
Zhuhai CosMX Battery Co. Ltd. Class A
SSE:688772
(Shanghai Stock Exchange)

Recent

price

14.72

P/E

ratio

- -

div

yld

2.61%

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
6.2
6.4
6.07
7.25
10.39
9.65
10.31
10.19
12.83
- -
Revenue per Share
-0.52
0.3
0.49
0.85
0.95
0.08
0.31
0.38
0.42
- -
Basic EPS, GAAP
-0.96
-1.05
-0.49
0.23
-1.73
-1.2
-0.62
-0.51
-1.8
- -
Free Cash Flow per Basic Share
0.01
0.01
0.03
0.25
0.06
0.26
0.21
0.39
0.4
0.38
Dividend per Share
0.61
1.62
2.3
3.36
5.61
5.91
6.22
6.34
6.81
6.32
Book Value per Share
0.61
1.54
2.17
3.16
5.37
5.61
5.86
6.03
6.34
5.86
Tangible Book Value per Share
473
741
878
961
996
1,137
1,110
1,133
1,123
1,107
Basic Weighted Avg Shares
2,935
4,747
5,331
6,964
10,340
10,974
11,446
11,541
14,410
- -
Sales/Revenue/Turnover
-5.02
7.61
14.11
18.67
12.81
2.81
4.12
3.39
3.33
- -
Operating Margin (%)
124
152
289
421
776
1,162
1,539
1,830
1,950
- -
Depreciation Expense
-246
222
430
817
946
91
344
430
472
- -
Net Income, GAAP
- -
11.99
10.49
12.67
7.73
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-8.38
4.68
8.07
11.73
9.15
0.83
3.01
3.73
3.27
- -
Profit Margin (%)
-251
96
527
591
690
1,809
231
1,191
-2,080
-4,368
Working Capital
- -
160
222
622
1,339
4,071
3,956
4,941
4,688
5,253
LT Debt
586
1,565
2,222
3,246
6,297
6,668
7,233
7,267
8,318
7,802
Total Equity
- -
11.54
18.09
22.43
14.06
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
14.59
16.96
22.59
14.56
- -
- -
- -
- -
- -
Return on Capital (%)
- -
20.68
22.73
29.89
19.82
1.41
5.06
6.09
6.35
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,906
2,238
3,134
LT Borrowings
4,633
4,823
5,207
LT Finance Leases
55
49
45
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,132
1,132
1,138
Market Capitalization
24,373
17,662
22,344

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,484
9,221
9,103
Cash, Cash Equivalents & STI
3,012
1,836
1,461
Accounts Receivable, Net
4,134
3,791
3,779
Inventories
2,783
3,028
3,315
Total Current Liabilities
12,564
12,102
13,472
Payables & Accruals
- -
- -
- -
ST Debt
2,906
2,238
3,134
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
24.66%
14.46%
Free Cash Flow
- -
-146.3%
249.64%
Net Income, GAAP
- -
47.69%
9.6%
Sales/Revenue/Turnover
- -
16.92%
24.86%
Total Cash Common Dividend
- -
77.99%
2.43%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,549
2,798
3,170
3,024
11,541
2025
2,498
3,599
- -
4,089
14,410
2026
3,635
3,692
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.08
0.15
0.14
0.38
2025
-0.02
0.13
- -
0.08
0.42
2026
-0.08
-0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.3
0.04
0.39
2025
0.03
0.29
- -
0.04
0.4
2026
0.02
0.32
- -
- -
- -
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Business
Zhuhai CosMX Battery Co., Ltd. (688772.SS) manufactures and supplies lithium-ion batteries worldwide, specializing in polymer soft-pack cells and packs for consumer electronics, automotive, industrial, energy storage, and emerging applications. The company offers high-energy-density rechargeable lithium-ion battery cells, packs, and system integrations featuring fast charging, high reliability, long cycle life, high safety, and wide temperature adaptability; core products include batteries for PCs, notebooks, tablets, smartphones, smart wearables, power tools, drones, electric vehicles (low-voltage and startup batteries), energy storage systems, electric motorcycles, and humanoid robotics; it serves renowned global customers in these segments with advanced technologies like steel-cased batteries achieving 900Wh/L volumetric energy density. Founded in 2007 and headquartered in Zhuhai, Guangdong Province, China, CosMX operates production facilities in China, with expansions into India and a new plant under construction in Kedah, Malaysia via RM1 billion (approximately CNY 1.6 billion) investment announced in 2024 to enhance global manufacturing capabilities and create over 1,000 jobs. Recent developments include mass production and shipment of the world's first consumer steel-cased batteries as per the 2025 semi-annual report, securing mass production orders from leading OEMs such as SAIC, Zhiji, GM, Jaguar Land Rover, Li Auto, Chery, GAC, Geely, Stellantis, Mercedes-Benz, NIO, SAIC Volkswagen, and Dongfeng Nissan for automotive low-voltage lithium-ion batteries; in August 2025, the company plans a CNY 2 billion investment in a new steel-shell battery mass production line using existing facilities over a 12-month period; capacity optimizations shift the planned 15GWh Chongqing line to consumer batteries while delaying Deyang and Zhejiang projects; strategic partnerships with BYD and SAIC Motor bolster EV and power battery supply; the company changed its name from Zhuhai Coslight Battery Co., Ltd. in March 2019 and announced a CNY 200 million share buyback in April 2025.