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    Electrical products
Shenzhen Desay Battery Technology Co., Ltd. Class A

Shenzhen Desay Battery Technology Co., Ltd. Class A

SSZSE:000049
20.87
CNY
+0.59
(+2.91%)
0.70EPS
28.02P/E
8.99BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.67
19.84
26.19
27.09
38.77
53.56
57.13
59.67
59.96
67.11
61.76
54.23
58.24
58.25
Basic EPS, GAAP
0.64
0.73
0.71
0.79
0.93
1.25
1.56
2.06
2.44
2.67
1.71
1.07
0.76
0.83
Free Cash Flow per Basic Share
-0.02
0.08
1.66
-0.56
-2.45
-0.27
3.22
1.87
-0.77
-3.33
3.28
-2.11
0.59
- -
Dividend per Share
0.05
0.18
0.23
0.15
0.32
0.52
0.86
1.25
1.09
1.1
2.25
1.06
0.67
0.83
Book Value per Share
1.66
2.3
2.89
3.59
4.36
5.44
6.76
8.7
10.55
12.62
16.36
17.1
17.49
17.76
Tangible Book Value per Share
1.58
2.16
2.75
3.4
4.18
5.26
6.21
8.04
9.82
11.64
15.23
15.92
16.28
16.57
Basic Weighted Avg Shares
322
322
322
322
322
322
323
325
325
324
328
385
385
385
Sales/Revenue/Turnover
4,402
6,390
8,434
8,724
12,486
17,249
18,443
19,398
19,471
21,749
20,285
20,859
22,399
22,405
Operating Margin (%)
7.74
6.11
4.07
4.87
3.94
4.63
4.72
5.07
5.14
4.85
3.6
3.55
2
2.13
Depreciation Expense
37
42
44
50
76
114
161
230
268
317
478
616
611
- -
Net Income, GAAP
206
235
230
255
301
401
502
670
794
866
562
413
292
321
Effective Tax Rate (%)
18.98
21.59
21.26
20.66
27.09
22.28
21.56
19.5
16.45
13.85
5.11
17.71
- -
- -
Profit Margin (%)
4.68
3.67
2.73
2.93
2.41
2.33
2.72
3.45
4.08
3.98
2.77
1.98
1.3
1.43
Working Capital
563
725
836
901
665
1,335
1,834
1,128
1,753
2,440
4,297
3,712
3,131
2,911
LT Debt
1
- -
- -
- -
- -
238
543
192
807
2,023
2,954
2,411
1,957
1,934
Total Equity
652
918
1,198
1,500
1,815
2,265
2,861
2,822
3,429
4,224
6,378
6,593
6,658
6,772
Return on Invested Capital (%)
26.28
15.41
14.37
19.3
14.45
15.24
16.55
17.9
17.44
13.46
5.56
2.78
- -
- -
Return on Capital (%)
15.28
9.52
8.39
10.45
11.92
11.9
14.07
18.94
19.96
17.13
12.23
6.38
- -
- -
Return on Common Equity (%)
45.63
36.77
27.53
24.47
23.47
25.44
25.44
26.64
25.36
23.04
10.83
6.42
4.39
4.77

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,100
2,314
2,384
LT Borrowings
1,957
1,901
1,933
LT Finance Leases
- -
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
385
385
385
Market Capitalization
10,339
10,016
8,989

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,225
10,657
11,128
Cash, Cash Equivalents & STI
2,785
3,183
2,842
Accounts Receivable, Net
5,002
4,068
4,887
Inventories
2,657
2,490
2,693
Total Current Liabilities
8,094
7,466
8,217
Payables & Accruals
- -
- -
- -
ST Debt
2,100
2,314
2,384
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.6%
20.01%
0.99%
Free Cash Flow
-153.97%
-62.39%
-127.97%
Net Income, GAAP
5.75%
-12.64%
-29.23%
Sales/Revenue/Turnover
11.24%
3.11%
7.38%
Total Cash Common Dividend
26.94%
2.58%
-37.23%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,095
4,835
6,027
5,902
20,859
2025
4,369
5,393
- -
6,296
22,399
2026
5,008
5,709
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.17
0.3
0.5
1.07
2025
0.13
0.13
- -
0.17
0.76
2026
0.21
0.33
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.64
0.1
0.08
1.06
2025
0.11
0.4
- -
0.07
0.67
2026
0.07
0.29
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Wen Bin He
Full Time Employees
15,450
Sector
Producer manufacturing
Industry
Electrical products
Address
Daoxing Technology Building Shenzhen GD China 518057
IPO Date
Mar 20, 1995
Website
desaybattery.com
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Business
Shenzhen Desay Battery Technology Co., Ltd. (000049.SZ) engages in the research, development, design, production, and sale of lithium battery power management systems, energy storage cells, and related integrated packaging products. The company offers small- and medium-sized lithium battery power management systems and packaging integration for consumer electronics such as smart phones and wearables; power tools including vacuum cleaners; large-scale energy storage solutions encompassing lithium iron phosphate (LiFePO4) battery cells (100Ah, 280Ah, 314Ah), sodium cells (60Ah), modular battery systems, integrated storage cabinets (215kWh to 344kWh), 5MWh liquid-cooled containerized systems, UPS cabinets, household storage systems, and data center energy integration solutions; as well as battery leasing and system-in-package services. Founded in 1985 and headquartered in Shenzhen, China, the company operates primarily in China with international reach through manufacturing bases abroad, including Vietnam, and serves consumer electronics manufacturers, power tool makers, automotive firms, and energy storage customers in domestic and overseas markets; it maintains subsidiaries such as Huizhou Desay Battery Co., Ltd., Huizhou Lanyi Microelectronics Co., Ltd., Guangdong Desay Silicon Peng Technology Co., Ltd., and Hunan Desay Battery Co., Ltd. Recent developments include a July 2024 partnership with Victory Giant Technology to supply LiFePO4 battery storage cabinets and control systems for China's largest user-side energy storage station (121MW/630MWh) in Huizhou; a September 2025 strategic collaboration with Shenzhen Hello Tech Energy for portable and mobile household energy storage; the July 2025 mass production launch of proactive safety-focused battery cells, systems, UPS 2.0, and source-grid-load-storage solutions for data centers; inclusion on BloombergNEF's Q4 2025 Global Energy Storage Tier 1 List; and a planned RMB 3 billion investment over three years in production capacity and next-generation battery technologies, alongside 20% capacity expansion targeting EV batteries.