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Sunwave Communications Co., Ltd. Class A

Sunwave Communications Co., Ltd. Class A

SSZSE:002115
9.41
CNY
+0.19
(+2.06%)
0.06EPS
233.22P/E
8.35BMarket 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
1.48
1.69
1.62
1.85
2.19
5.07
7.8
12.18
14.15
12.64
15.4
13.5
14.77
23.41
Basic EPS, GAAP
-0.25
0.03
0.04
0.05
0.09
0.31
0.22
0.02
-0.97
0.17
0.07
-0.33
-0.02
0.04
Free Cash Flow per Basic Share
-0.02
0.01
0.13
- -
-0.37
-0.74
0.63
0.81
-0.29
-0.23
0.07
-0.1
-0.3
- -
Dividend per Share
0.08
0.05
0.05
0.13
0.13
0.13
0.16
0.1
0.04
0.03
0.02
0.02
0.03
0.04
Book Value per Share
1.69
1.71
1.75
1.73
2.77
3.3
3.48
3.49
2.77
2.94
2.92
2.58
2.54
2.56
Tangible Book Value per Share
1.65
1.55
1.57
1.49
0.78
1.54
1.75
1.77
2.25
2.43
2.44
2.41
2.36
2.39
Basic Weighted Avg Shares
534
534
534
534
539
700
713
717
725
815
811
811
809
807
Sales/Revenue/Turnover
791
905
865
989
1,181
3,554
5,559
8,738
10,264
10,296
12,489
10,949
11,951
18,892
Operating Margin (%)
-9.63
4.46
2.58
3.98
4.89
4.82
3.28
1.52
1.77
1.66
1.33
0.91
0.74
1.04
Depreciation Expense
25
25
25
26
44
75
73
74
82
86
122
129
150
- -
Net Income, GAAP
-135
14
19
28
47
215
159
18
-704
137
55
-271
-13
36
Effective Tax Rate (%)
- -
- -
- -
2.99
- -
10.24
22.68
95.15
- -
16.75
40.57
- -
104.37
53.92
Profit Margin (%)
-17.08
1.54
2.19
2.79
4
6.04
2.85
0.2
-6.86
1.33
0.44
-2.48
-0.11
0.19
Working Capital
1,006
965
824
810
-96
350
624
667
984
986
929
727
787
782
LT Debt
397
403
403
604
354
277
446
324
116
87
216
143
94
123
Total Equity
945
960
970
988
1,894
2,469
2,601
2,566
2,315
2,437
2,459
2,180
2,155
2,180
Return on Invested Capital (%)
- -
- -
- -
0.97
- -
7.62
4.76
0.08
- -
4.89
2.41
- -
-0.08
1.65
Return on Capital (%)
- -
- -
- -
3.7
- -
7.74
5.28
1.02
- -
5.37
1.78
- -
-0.93
1.52
Return on Common Equity (%)
-13.73
1.54
2.05
2.95
3.41
10.19
6.49
0.7
-29.56
5.88
2.33
-12.15
-0.64
1.72

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
725
803
932
LT Borrowings
63
101
85
LT Finance Leases
31
36
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
811
811
811
Market Capitalization
10,332
9,878
8,353

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,136
3,124
3,261
Cash, Cash Equivalents & STI
1,038
858
1,063
Accounts Receivable, Net
1,662
1,832
1,764
Inventories
139
145
133
Total Current Liabilities
2,349
2,324
2,478
Payables & Accruals
- -
- -
- -
ST Debt
725
803
932
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.19%
-3.22%
-1.14%
Free Cash Flow
-5,031.38%
-63.9%
196.47%
Net Income, GAAP
-461.53%
-994.21%
-95.14%
Sales/Revenue/Turnover
38.41%
7.18%
9.16%
Total Cash Common Dividend
12.92%
-9.37%
66.82%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,811
3,062
2,649
2,428
10,949
2025
2,290
2,120
- -
4,699
11,951
2026
4,820
7,252
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.02
-0.03
-0.31
-0.33
2025
- -
- -
- -
-0.02
-0.02
2026
0.03
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
- -
- -
0.02
2025
- -
0.01
- -
0.02
0.03
2026
0.01
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yue Lun Li
Full Time Employees
979
Sector
Commercial services
Industry
Advertising/Marketing services
Address
No. 581, Huoju Avenue Hangzhou ZJ China 310053
IPO Date
Feb 15, 2007
Website
sunwave.com.cn
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Business
Sunwave Communications Co. Ltd (002115.SZ) provides wireless communication infrastructure solutions worldwide, specializing in wireless coverage, wireless networks, wireless security, and satellite communications; its core products include cellular digital DAS systems and repeaters, public safety DAS systems, passive products, network management and O-RAN solutions, 5G and LTE CPE, indoor and outdoor base stations, wireless bridges, ruggedized terminals, GPON ONT products, and MAS2.0 series security solutions. Founded in 1993 and headquartered in Hangzhou, China, the company operates globally with R&D bases and plants in the Americas, Hong Kong, mainland China, and branches in over 20 countries, serving mobile operators and industry customers in transportation, real estate, sports venues, airports, and other sectors; it also offers services such as communications facility leasing, mobile internet, and digital marketing. In recent developments, Sunwave showcased next-generation 5G solutions at MWC 2025 in Barcelona and innovations in wireless network, coverage, security, and satellite communications at Intersec 2025 in Dubai and ATxSG 2024 in Singapore, while expanding satellite communications revenue through its subsidiary Haiweitong with 13.9% growth in 2024 and advancing commercialization of ubiquitous satellite services integrating high, medium, and low orbits; additionally, communication facility operations achieved 47.7% revenue growth in 2024 via a full-process tower operation and maintenance system.