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Dehua TB New Decoration Material Co., Ltd. Class A

Dehua TB New Decoration Material Co., Ltd. Class A

SSZSE:002043
12.85
CNY
+0.10
(+0.78%)
0.60EPS
18.63P/E
9.19BMarket Cap
Oct 29Next Earn
Dehua TB New Decoration Material Co., Ltd. Class A
SZSE:002043
(Shenzhen Stock Exchange)

Recent

price

12.85

P/E

ratio

18.63

div

yld

2.58%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.04
1.89
1.6
1.79
1.98
2.36
3.3
4.97
5.34
5.99
8.67
12.98
11.8
11.04
11.15
10.88
11.23
Revenue per Share
0.06
0.04
0.05
0.03
0.06
0.14
0.32
0.44
0.41
0.51
0.54
0.98
0.59
0.84
0.71
0.86
0.59
Basic EPS, GAAP
-0.04
0.14
0.11
0.11
0.11
0.15
0.44
0.42
0.28
0.75
0.95
0.91
1.02
2.2
1.04
0.93
- -
Free Cash Flow per Basic Share
0.05
0.02
0.03
0.02
0.02
0.02
0.07
0.07
0.26
0.3
0.33
0.27
0.49
0.51
0.83
0.61
0.33
Dividend per Share
0.92
1.07
1.07
1.09
1.1
1.23
1.91
2.24
2.06
2.38
2.4
2.86
3.04
3.82
3.67
3.98
3.96
Book Value per Share
0.81
0.99
0.98
1
1.02
1.15
1.3
1.65
1.42
1.73
1.13
1.55
1.92
2.8
2.8
3.26
3.26
Tangible Book Value per Share
545
617
700
695
713
696
812
829
807
773
746
726
756
821
824
817
819
Basic Weighted Avg Shares
1,110
1,168
1,120
1,243
1,412
1,647
2,677
4,120
4,306
4,632
6,466
9,426
8,917
9,063
9,189
8,883
9,194
Sales/Revenue/Turnover
5.14
3.09
3.77
2.66
3.87
5.8
10.5
9.66
8.3
8.81
11.34
9.9
10.33
11.73
12.23
11.09
10.33
Operating Margin (%)
30
26
26
25
24
24
27
28
31
33
47
79
91
95
103
78
- -
Depreciation Expense
35
25
33
23
43
97
260
365
331
394
403
712
446
689
585
702
487
Net Income, GAAP
20.92
10.08
19.04
25.51
16.59
16.35
16.07
17.79
17.98
17.61
21.47
22.79
24.44
21.71
25.25
28.24
32.72
Effective Tax Rate (%)
3.11
2.11
2.92
1.86
3.03
5.92
9.71
8.86
7.68
8.51
6.23
7.55
5
7.61
6.37
7.91
5.3
Profit Margin (%)
189
458
455
485
533
608
859
1,149
417
558
417
27
196
1,073
797
855
942
Working Capital
10
11
11
12
13
14
14
14
14
238
293
117
42
28
20
20
14
LT Debt
531
781
782
791
824
917
1,603
1,953
1,684
1,920
2,069
2,242
2,479
3,345
3,162
3,395
3,395
Total Equity
4.43
1.34
3.06
2.36
4.11
8.82
19.1
19.67
14.46
14.35
14.55
22.71
15.19
24.15
20.09
24.74
13.36
Return on Invested Capital (%)
6.28
3.85
4.16
2.84
5.13
10.96
20.54
20.42
15.84
16.1
13.76
22.73
14.71
21.25
17.27
20.82
14.35
Return on Capital (%)
7.52
3.91
4.32
3.04
5.47
11.53
21.02
20.78
18.44
22.52
21.74
35.66
19.91
24.82
18.71
22.11
15.12
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
24
19
7
LT Borrowings
- -
- -
- -
LT Finance Leases
20
28
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
830
830
830
Market Capitalization
11,957
12,745
9,194

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,451
2,944
3,435
Cash, Cash Equivalents & STI
2,574
2,033
2,545
Accounts Receivable, Net
401
424
426
Inventories
318
322
318
Total Current Liabilities
2,596
1,950
2,494
Payables & Accruals
- -
- -
- -
ST Debt
24
19
7
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.04%
11.16%
7.38%
Free Cash Flow
46.12%
15.87%
-11.33%
Net Income, GAAP
31.78%
19.78%
20%
Sales/Revenue/Turnover
20.82%
8.01%
-3.33%
Total Cash Common Dividend
70.9%
23.68%
-26.72%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,483
2,425
2,556
2,725
9,189
2025
1,271
2,363
- -
2,564
8,883
2026
1,686
2,581
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.19
0.29
0.13
0.71
2025
0.12
0.2
- -
0.09
0.86
2026
0.18
0.12
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.58
0.26
- -
0.83
2025
- -
0.33
- -
- -
0.61
2026
- -
- -
- -
- -
- -
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Business
DeHua TB New Decoration Material Co., Ltd. (002043.SZ) engages primarily in the research, development, production, and sale of decorative materials and custom home furnishings in China and international markets. Founded in 1992 and headquartered in Deqing County, Zhejiang Province, the company offers a comprehensive range of products including furniture boards, basic boards, gypsum boards, technology veneers, decorative paper, edge banding, hardware, adhesives, custom wardrobes, cabinets, flooring, wooden doors, and wall panels; it also produces engineered wood veneers, plywood, particleboard cores, MDF composites, flush doors, fireproof doors, and environmentally friendly panels under brands like Baby Rabbit. The company maintains large-scale production clusters in Shandong and Guangxi provinces, has upgraded its Deqing headquarters into an intelligent home industrial park, and established overseas bases in response to China's Belt and Road Initiative. Recent developments include an affiliate receiving approval for a Shenzhen IPO in May 2025, plans to absorb a subsidiary and appoint a new CFO announced in September 2024, completion of a CNY 200 million share buyback in April 2024, and receipt of CNY 466 million in funding from Dehua Group Holding Co., Ltd. in March 2023.