1. China Stocks

  2. •

    Producer manufacturing

  3. •

    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
Shenzhen Desay Battery Technology Co., Ltd. Class A
SZSE:000049
(Shenzhen Stock Exchange)

Recent

price

20.87

P/E

ratio

28.02

div

yld

3.98%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
4.09
6.97
9.92
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
Revenue per Share
0.22
0.37
0.45
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
Basic EPS, GAAP
0.11
-0.23
0.86
-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
- -
Free Cash Flow per Basic Share
0.02
0.07
0.32
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
Dividend per Share
0.65
0.98
1.15
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
Book Value per Share
0.62
0.89
1.07
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
Tangible Book Value per Share
322
322
322
322
322
322
322
322
322
323
325
325
324
328
385
385
385
Basic Weighted Avg Shares
1,316
2,246
3,195
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
Sales/Revenue/Turnover
9.41
9.58
7.39
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
Operating Margin (%)
24
27
35
37
42
44
50
76
114
161
230
268
317
478
616
611
- -
Depreciation Expense
71
119
144
206
235
230
255
301
401
502
670
794
866
562
413
292
321
Net Income, GAAP
17.7
18.43
20.49
18.98
21.59
21.26
20.66
27.09
22.28
21.56
19.5
16.45
13.85
5.11
17.71
- -
- -
Effective Tax Rate (%)
5.42
5.31
4.5
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
Profit Margin (%)
136
270
289
563
725
836
901
665
1,335
1,834
1,128
1,753
2,440
4,297
3,712
3,131
2,911
Working Capital
- -
- -
1
1
- -
- -
- -
- -
238
543
192
807
2,023
2,954
2,411
1,957
1,934
LT Debt
278
427
464
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
Total Equity
23.46
32.62
27.63
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 Invested Capital (%)
20.6
19.75
21.01
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 Capital (%)
41.24
45.61
42.03
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
Return on Common Equity (%)

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
- -
- -
- -
Similar Companies
Lumentum Holdings Inc. (NASDAQ:LITE)
GE Vernova Inc. (NYSE:GEV)
Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
NuScale Power Corporation (NYSE:SMR)
Bharat Heavy Electricals Limited (NSE:BHEL)
Astor Enerji A.S. (BIST:ASTOR)
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.