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Fujian SBS Zipper Science & Technology Co., Ltd. Class A

Fujian SBS Zipper Science & Technology Co., Ltd. Class A

SSZSE:002098
7.70
CNY
-0.09
(-1.16%)
0.65EPS
9.79P/E
2.29BMarket Cap
Fujian SBS Zipper Science & Technology Co., Ltd. Class A
SZSE:002098
(Shenzhen Stock Exchange)

Recent

price

7.70

P/E

ratio

9.79

div

yld

1.13%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.23
3.37
2.96
3.24
3.36
3.33
3.27
5.22
6.35
5.36
4.44
6.32
5.9
5.74
7.34
7.75
8
Revenue per Share
0.17
0.21
0.11
0.2
0.25
0.23
0.33
0.33
-1.82
0.15
0.56
0.35
0.23
0.34
0.56
0.57
0.65
Basic EPS, GAAP
0.22
-0.08
0.38
0.35
0.14
0.24
0.16
-0.13
0.71
0.61
0.61
0.1
0.62
0.37
0.31
0.48
- -
Free Cash Flow per Basic Share
0.13
0.24
0.27
0.16
0.2
0.15
0.1
0.13
0.2
0.17
0.14
0.08
0.05
0.03
0.13
0.12
0.09
Dividend per Share
1.89
1.99
1.93
2.07
2.22
2.91
3.16
3.42
1.58
1.73
2.29
2.64
2.87
3.2
3.7
4.17
4.4
Book Value per Share
1.53
1.65
1.59
1.77
1.93
2.67
2.92
0.77
1.11
1.29
1.97
2.39
2.68
3.05
3.55
4.03
4.27
Tangible Book Value per Share
313
308
315
311
313
313
359
356
358
358
358
358
358
358
358
358
358
Basic Weighted Avg Shares
1,011
1,038
934
1,006
1,050
1,041
1,175
1,860
2,272
1,919
1,590
2,262
2,112
2,054
2,629
2,774
2,865
Sales/Revenue/Turnover
10.62
9.94
9.36
11.52
11.56
10.81
12.45
11.05
2.71
4.9
10.97
9.2
5.94
8.97
10.24
9.27
10.84
Operating Margin (%)
57
56
54
54
58
59
64
73
111
89
83
81
88
86
93
101
- -
Depreciation Expense
53
65
36
61
78
72
118
118
-652
53
201
126
82
121
202
206
234
Net Income, GAAP
17.09
16.09
21.95
17.57
18.09
17.73
16.27
12.82
- -
- -
21.28
10.25
- -
14.9
13.99
12.43
12.04
Effective Tax Rate (%)
5.27
6.24
3.88
6.02
7.45
6.91
10.08
6.32
-28.68
2.76
12.62
5.58
3.87
5.87
7.68
7.42
8.17
Profit Margin (%)
-40
-8
-102
-86
-83
298
341
243
160
-162
15
119
218
373
478
569
521
Working Capital
15
55
24
- -
- -
- -
- -
443
416
66
128
5
4
28
51
61
41
LT Debt
645
670
597
641
687
1,042
1,130
1,391
688
721
907
1,030
1,092
1,204
1,330
1,499
1,582
Total Equity
5.31
4.67
2.87
5.28
5.89
5.26
9.59
8.03
- -
- -
12.32
8.3
- -
7.93
13.81
12.38
12.96
Return on Invested Capital (%)
6.23
7.68
5.52
7.53
9.02
7.88
10.09
7.47
- -
- -
16.19
10.84
- -
9.54
13.96
12.76
13.7
Return on Capital (%)
9.41
10.76
5.96
9.79
11.78
8.33
10.91
9.99
-72.92
8.94
27.9
14.31
8.31
11.11
16.35
14.62
15.87
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
214
214
267
LT Borrowings
19
39
- -
LT Finance Leases
42
41
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
358
358
358
Market Capitalization
3,516
3,247
2,291

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,254
1,218
1,344
Cash, Cash Equivalents & STI
486
427
386
Accounts Receivable, Net
450
439
602
Inventories
270
290
303
Total Current Liabilities
686
657
822
Payables & Accruals
- -
- -
- -
ST Debt
214
214
267
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.46%
10.59%
12.68%
Free Cash Flow
-44.58%
87.7%
57.48%
Net Income, GAAP
-37.51%
8.89%
1.95%
Sales/Revenue/Turnover
12.7%
13.28%
5.54%
Total Cash Common Dividend
21.7%
37.78%
-11.47%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
479
721
667
762
2,629
2025
597
742
- -
736
2,774
2026
571
816
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.24
0.14
0.08
0.56
2025
0.14
0.2
- -
0.11
0.57
2026
0.08
0.26
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.11
0.01
0.13
2025
- -
0.07
- -
0.01
0.12
2026
- -
- -
- -
- -
- -
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Business
Fujian SBS Zipper Science & Technology Co., Ltd (002098.SZ) manufactures and markets zippers and related accessories under the SBS brand, primarily serving the apparel, luggage, footwear, and fashion industries worldwide. The company produces nylon (coil), plastic (including plastic steel), metal (including recycle and water-resistant variants), and finished chain zippers; sliders and pullers of various sizes; long chains; snap and prong snap buttons; jeans buttons; rivets; eyelets; precision molds; and metal and plastic pressing castings. Founded in 1984 and headquartered in Jinjiang, Fujian Province, China, it operates six major manufacturing bases across China, including locations in Fujian, Shanghai, Tianjin, Dongguan, and Chengdu, enabling a fully integrated turn-key production system from research, design, proofing, and part processing through braiding, dyeing, electroplating, die-casting, stamping, and precision testing. Products export to over 90 countries and regions, supporting long-term strategic partnerships with more than 30 international brands such as Decathlon, H&M, Adidas, and Armani. In recent developments, the company received the "Advanced Intelligent Factory of Fujian Province in 2025" award for its large-scale personalized customization intelligent factory project and selection for the 2025 National Excellent Smart Factory Projects list with its integrated smart factory for the entire zipper business chain, featuring upgrades like smart warehouses, AGV logistics, IoT systems, and platforms including ERP, MES, and BI analytics. SBS maintains industry leadership as China's top zipper producer by volume for over a decade, second globally, with annual patent applications exceeding 55 and over 830 authorized patents, alongside collaborations such as product and sales promotion in cross-border e-commerce with Dhgate.com and plans for a zipper production project in Vietnam. Certifications include ISO 9001, 14001, 45001, 50001, OEKO-TEX Standard 100, GRS, and Bluesign system partner status.