CNlight Co., Ltd. Class A

CNlight Co., Ltd. Class A

SSZSE:002076
2.49
CNY
-0.21
(-7.78%)
-0.02EPS
2.28BMarket Cap
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
0.71
0.8
1.14
1.2
1.47
0.74
0.45
0.46
0.14
0.19
0.12
0.17
0.35
0.38
Basic EPS, GAAP
0.03
0.03
0.08
0.06
0.08
-1.09
-0.77
0.06
-0.16
0.03
-0.01
-0.03
- -
-0.02
Free Cash Flow per Basic Share
0.14
-0.04
0.24
-0.05
-0.71
-0.02
- -
0.01
-0.01
-0.23
-0.01
-0.01
-0.08
- -
Dividend per Share
0.06
0.02
0.04
0.06
0.06
0.07
0.02
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.73
0.75
1.34
1.38
1.45
0.63
-0.14
0.01
-0.2
0.29
0.29
0.26
0.28
0.27
Tangible Book Value per Share
0.69
0.7
1
1.03
1.11
0.43
-0.3
-0.15
-0.27
0.28
0.28
0.25
0.27
0.27
Basic Weighted Avg Shares
553
553
704
675
698
765
781
726
1,082
821
1,311
1,106
1,098
1,102
Sales/Revenue/Turnover
392
442
802
813
1,026
566
354
334
155
156
151
192
380
414
Operating Margin (%)
5.38
2.49
7.23
5.89
10.39
-6.47
-10.76
30.36
-6.19
-23.41
-9.93
3.27
4.15
1.66
Depreciation Expense
20
20
32
32
33
31
22
12
11
10
10
12
12
- -
Net Income, GAAP
16
17
57
41
56
-834
-601
44
-173
25
-13
-31
-4
-17
Effective Tax Rate (%)
15.82
17.07
15.93
13.41
28.87
- -
- -
2.37
- -
1.41
- -
- -
- -
- -
Profit Margin (%)
4.11
3.91
7.09
4.98
5.45
-147.33
-170.11
13.04
-111.36
15.78
-8.69
-16.14
-1.01
-4.05
Working Capital
208
208
436
402
362
-89
-390
-362
-416
76
53
81
57
46
LT Debt
- -
12
19
46
47
9
- -
1
- -
4
1
35
36
35
Total Equity
405
420
1,004
1,022
1,050
446
-159
-44
-205
267
259
216
254
246
Return on Invested Capital (%)
3.22
2.13
5.67
1.81
2.59
- -
- -
26.76
- -
36.86
- -
- -
- -
- -
Return on Capital (%)
4.71
4.24
8.36
5.14
6.16
- -
- -
35.75
- -
33.4
- -
- -
- -
- -
Return on Common Equity (%)
3.94
4.23
8.13
4.05
5.39
-107.63
- -
- -
- -
- -
-4.08
-10.19
-1.28
-5.63

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
11
44
54
LT Borrowings
10
- -
- -
LT Finance Leases
8
36
35
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,109
1,109
1,109
Market Capitalization
2,008
2,229
2,285

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
382
491
531
Cash, Cash Equivalents & STI
88
58
62
Accounts Receivable, Net
45
133
117
Inventories
164
183
218
Total Current Liabilities
302
434
484
Payables & Accruals
- -
- -
- -
ST Debt
11
44
54
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-12.6%
27%
17.69%
Free Cash Flow
412.18%
423.43%
1,115.28%
Net Income, GAAP
-243.45%
-143.19%
-87.59%
Sales/Revenue/Turnover
0.85%
13.75%
98.01%
Total Cash Common Dividend
178.18%
373.51%
-34.49%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30
40
54
68
192
2025
47
46
- -
211
380
2026
109
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
-0.03
-0.03
2025
- -
- -
- -
-0.01
- -
2026
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Zhen Jiang Li
Full Time Employees
804
Sector
Producer manufacturing
Industry
Electrical products
Address
Shishan Ind Science and Techn Ind Park Foshan GD China 528225
IPO Date
Oct 23, 2006
Business
Cnlight Co., Ltd. (002076.SZ) manufactures and sells lighting and environmental appliance products in China. The company offers LED indoor lighting including eye protection classroom lamps; LED outdoor lamps and lamp beads; UV disinfection products such as desk lamps, mobile and wall-mounted sterilizers, 222nm excimer lamps and sterilization modules, 308 excimer light source products, aquaculture and sewage purification series, classroom lamps with integrated lighting sterilization, logistics cold chain automatic sterilizers, UV lamps and mosquito lamps; air purifiers; automotive lighting comprising LED car headlamps and xenon headlamps; lithium battery production equipment including square battery pressure leak detectors, automatic helium nailing machines, coil heat presses, coil assembly superwelding and bracket assembly machines, automatic flexible packaging and inspection all-in-one machines, and automatic coating all-in-one machines; photovoltaic power plants; information security and system integration services; and property rental management. Founded in 1992 and headquartered in Nanhai District, Foshan City, Guangdong Province, the company listed on the Shenzhen Stock Exchange in 2006 as the first private listed enterprise in its district and operates primarily in China with a focus on lighting, disinfection, new energy, and information technology segments serving commercial, household, industrial, and automotive markets. In 2024, Cnlight increased capital by 8 million yuan for 51% equity in Guangdong Cnlight Shenzhou Quantum Information Technology Co., Ltd., and by 10 million yuan for 51% equity in Guangzhou Yuansheng Information Technology Co., Ltd., both consolidated into financial statements in June and October respectively; the company revised its 2024 performance forecast to a net loss of 30.98 million yuan from prior profit expectations, received a warning letter from the Guangdong Securities Regulatory Bureau, implemented a delisting risk warning with stock abbreviation change to *ST Cnlight, and terminated its 2023 stock option incentive plan canceling 35 million unexercised options in September 2025. Recent developments include subsidiaries acquiring equipment for up to 39 million yuan in September 2025 to support LED chip packaging and photovoltaic modules, a wholly-owned subsidiary winning a 29.36 million yuan bid for battery production equipment in September 2025, and receipt of 1.36 million yuan performance compensation from a Guangzhou Yuansheng shareholder in July 2025.