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Shenzhen Laibao Hi-Tech Co., Ltd. Class A

Shenzhen Laibao Hi-Tech Co., Ltd. Class A

SSZSE:002106
10.32
CNY
+0.07
(+0.68%)
0.29EPS
57.57P/E
12.37BMarket Cap
Shenzhen Laibao Hi-Tech Co., Ltd. Class A
SZSE:002106
(Shenzhen Stock Exchange)

Recent

price

10.32

P/E

ratio

57.57

div

yld

1.35%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.91
2.07
1.97
3.01
3.43
3.45
4.75
5.65
6.28
6.8
9.57
10.88
8.72
7.91
8.35
8.48
8.27
Revenue per Share
0.75
0.77
0.23
0.1
0.02
-0.85
0.3
0.2
0.32
0.4
0.62
0.7
0.52
0.53
0.53
0.35
0.3
Basic EPS, GAAP
0.53
0.56
-0.25
-0.88
-0.74
-0.03
0.17
0.4
0.26
0.71
0.27
0.65
0.46
0.73
-2.16
-5.15
- -
Free Cash Flow per Basic Share
0.11
0.15
0.15
0.16
0.11
0.02
- -
0.1
0.1
0.1
0.1
0.15
0.1
0.2
0.25
0.11
0.14
Dividend per Share
3.46
4.01
4.08
5.83
5.75
4.88
5.18
5.28
5.44
5.74
6.26
6.62
7.05
7.39
7.67
7.91
7.94
Book Value per Share
3.22
3.79
3.74
5.55
5.51
4.67
5
5.12
5.3
5.61
6.13
6.5
6.93
7.24
7.53
7.78
7.79
Tangible Book Value per Share
601
597
613
665
683
703
706
706
703
706
706
706
706
706
706
706
706
Basic Weighted Avg Shares
1,146
1,237
1,210
2,001
2,343
2,424
3,354
3,989
4,416
4,802
6,752
7,682
6,153
5,586
5,896
5,987
5,841
Sales/Revenue/Turnover
46.81
39.73
11.65
1.55
-1.65
-10.84
5.93
6.2
4.31
7.16
8.78
6.99
3.48
6.03
5.82
4.76
5.51
Operating Margin (%)
110
135
160
164
204
255
191
187
180
164
161
162
169
187
200
174
- -
Depreciation Expense
451
459
141
67
14
-598
212
141
225
282
438
491
367
376
374
245
215
Net Income, GAAP
14.71
14.54
16.8
16
- -
- -
17.19
19.9
11.92
11.28
11.02
0.84
5.35
10.98
5.89
- -
- -
Effective Tax Rate (%)
39.35
37.16
11.65
3.32
0.58
-24.65
6.31
3.53
5.09
5.87
6.49
6.39
5.96
6.73
6.35
4.09
3.68
Profit Margin (%)
1,088
1,255
1,182
2,198
1,987
1,885
2,246
2,325
2,476
2,756
3,209
3,607
3,702
3,794
5,262
3,145
3,044
Working Capital
85
9
- -
- -
- -
- -
- -
- -
- -
- -
- -
26
19
12
6
1,446
1,814
LT Debt
2,130
2,466
2,516
4,173
4,116
3,494
3,718
3,793
3,844
4,057
4,421
4,681
4,984
5,220
5,915
6,073
6,086
Total Equity
20.7
18.1
5.24
1.7
- -
- -
5.66
3.84
5.97
7.15
9.76
10.75
7.59
7.43
6.63
- -
- -
Return on Invested Capital (%)
20.87
18.76
5.54
1.89
- -
- -
5.57
4.86
5.84
7.1
10.31
10.72
7.54
7.35
7.89
- -
- -
Return on Capital (%)
23.97
20.5
5.8
2.03
0.33
-15.93
5.96
3.82
5.95
7.14
10.34
10.8
7.6
7.38
7.05
4.46
3.87
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23
22
41
LT Borrowings
1,446
1,604
1,678
LT Finance Leases
- -
- -
137
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
706
706
706
Market Capitalization
7,736
7,312
12,366

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,709
4,480
4,381
Cash, Cash Equivalents & STI
2,091
1,842
1,629
Accounts Receivable, Net
1,321
1,343
1,347
Inventories
510
488
641
Total Current Liabilities
1,564
1,290
1,336
Payables & Accruals
- -
- -
- -
ST Debt
23
22
41
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.74%
6.61%
2.67%
Free Cash Flow
-49.05%
-17.11%
138.76%
Net Income, GAAP
-7.42%
-9.13%
-34.54%
Sales/Revenue/Turnover
10.91%
-1.65%
1.56%
Total Cash Common Dividend
- -
17.14%
-55.96%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,468
1,469
1,477
1,482
5,896
2025
1,473
1,672
- -
1,300
5,987
2026
1,451
1,419
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.13
0.14
0.09
0.53
2025
0.11
0.15
- -
0.02
0.35
2026
0.05
0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
0.01
0.11
2026
- -
0.13
- -
- -
- -
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Business
Shenzhen Laibao Hi-Tech Co., Ltd. (002106.SZ) engages in the research, development, production, and sale of upstream materials and touch devices for flat panel displays. The company's principal products include capacitive touch screens (primarily medium- to large-sized, 10-27 inches), ITO conductive glasses, color filters, and TFT-LCD panels and modules (mainly for small- to medium-sized displays of 10 inches or less); additional offerings comprise metal mesh integrated capacitive touch screens (OGM), one-piece glass solution capacitive touch screens (OGS), driving backplates, and reflective color films for electronic paper displays. These products serve consumer electronics applications such as smartphones, tablet computers, touch notebook computers, all-in-one computers, and AI personal computers, as well as professional sectors including automotive instrumentation, home appliances, office equipment, medical devices, and industrial control panels. Shenzhen Laibao operates primarily in China, with distribution to both domestic and overseas markets. Founded in July 1992 and headquartered at No. 101, 9 Langshan 2nd Road, Hi-Tech Industrial Park, Shenzhen, Guangdong Province, China, the company listed on the Shenzhen Stock Exchange in January 2007. Its subsidiary Chongqing Laibao Technology Co., Ltd. received high-tech enterprise certification in October 2024, valid for three years. In recent developments, Shenzhen Laibao established a business cooperation with Xiaomi Corporation to supply touchscreen products for laptops, though revenue contribution remains relatively low as of April 2025. The company continues to develop customers for laptop touchscreens, vehicle-mounted touchscreens, and medium- to large-sized color electronic paper products to support stable business growth. At its April 2025 annual general meeting, the board appointed new non-independent directors Yuan Ping, Wang Zhantang, and Li Shaozong, along with independent director Zhang Shengdong; it also approved a final cash dividend on A shares for fiscal 2024, payable in June 2025. U.S. tariff policies have not materially impacted its microLED (MED) project as of early 2025, with ongoing monitoring of policy changes.