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Shenzhen Clou Electronics Co., Ltd. Class A

Shenzhen Clou Electronics Co., Ltd. Class A

SSZSE:002121
4.28
CNY
+0.11
(+2.64%)
-0.28EPS
9.12BMarket Cap
Oct 28Next Earn
Shenzhen Clou Electronics Co., Ltd. Class A
SZSE:002121
(Shenzhen Stock Exchange)

Recent

price

4.28

P/E

ratio

- -

div

yld

1.65%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.02
1.13
1.42
1.42
1.97
5.05
2.67
3.24
2.69
2.27
2.37
2.27
2.51
2.7
2.67
3.8
3.77
Revenue per Share
0.14
0.08
0.09
0.09
0.13
0.44
0.23
0.29
-0.87
-1.69
0.13
-0.47
-0.07
-0.34
-0.28
-0.09
-0.29
Basic EPS, GAAP
-0.13
-0.56
0.11
-0.12
-0.62
-4.09
-1.11
-0.79
-0.33
-0.18
0.15
-0.14
0.05
0.01
0.32
0.04
- -
Free Cash Flow per Basic Share
0.03
0.04
0.06
0.04
0.07
0.27
0.18
0.2
0.36
0.24
0.21
0.19
0.19
0.17
0.08
0.07
0.07
Dividend per Share
1.14
1.2
1.28
1.34
1.45
1.95
2.22
3.37
2.55
0.87
1.02
0.54
0.46
0.57
0.3
0.21
0.12
Book Value per Share
1.08
1.14
1.13
1.17
1.26
1.18
1.5
2.45
1.79
0.41
0.59
0.14
0.08
0.21
-0.01
-0.08
-0.01
Tangible Book Value per Share
915
992
992
992
992
448
1,185
1,353
1,408
1,408
1,408
1,408
1,408
1,556
1,661
1,660
1,662
Basic Weighted Avg Shares
930
1,122
1,404
1,409
1,955
2,261
3,162
4,376
3,791
3,195
3,337
3,198
3,539
4,200
4,431
6,310
6,269
Sales/Revenue/Turnover
20.03
7.7
8.68
9.35
10.3
10.04
9.37
11.62
2.7
-0.77
8.09
4.38
3.38
3.8
3.97
4.48
3.26
Operating Margin (%)
15
21
36
51
67
139
249
331
315
321
227
204
140
148
157
144
- -
Depreciation Expense
131
75
85
86
126
196
272
392
-1,220
-2,376
185
-665
-101
-529
-464
-156
-484
Net Income, GAAP
17.88
4.84
14.35
16.63
11.92
- -
6.46
14.23
- -
- -
14.84
- -
- -
- -
- -
239.34
- -
Effective Tax Rate (%)
14.14
6.69
6.04
6.1
6.43
8.68
8.6
8.96
-32.17
-74.36
5.55
-20.8
-2.86
-12.59
-10.47
-2.48
-7.73
Profit Margin (%)
864
772
570
720
-94
-841
250
268
-778
-1,638
-1,732
-2,798
-3,027
-2,778
-3,018
-2,527
-1,155
Working Capital
- -
19
29
287
646
1,841
2,743
2,047
864
719
1,186
760
749
590
142
308
463
LT Debt
1,146
1,199
1,286
1,356
1,476
2,436
2,793
4,899
3,753
1,075
1,639
973
694
980
511
401
244
Total Equity
11.54
3.16
2.6
3.17
3.62
- -
2.77
3.92
- -
- -
3.99
- -
- -
- -
- -
-5.57
- -
Return on Invested Capital (%)
13.49
6.36
6.97
6.25
7.24
- -
7.69
7.49
- -
- -
7.09
- -
- -
- -
- -
-8.96
- -
Return on Capital (%)
16.26
6.47
6.91
6.62
9.04
10.4
10.93
10.59
-29.24
-98.7
13.97
-60.5
-14.31
-66.53
-64.44
-36.51
-126.52
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,091
3,375
3,336
LT Borrowings
292
202
445
LT Finance Leases
16
18
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,661
1,666
1,673
Market Capitalization
12,788
12,975
9,115

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,790
5,408
7,833
Cash, Cash Equivalents & STI
1,474
1,484
1,855
Accounts Receivable, Net
2,014
2,082
1,952
Inventories
943
1,163
1,783
Total Current Liabilities
7,317
8,014
8,988
Payables & Accruals
- -
- -
- -
ST Debt
3,091
3,375
3,336
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.96%
-19.48%
-21.5%
Free Cash Flow
220.47%
508.16%
-88.26%
Net Income, GAAP
-54.17%
-40.05%
-66.33%
Sales/Revenue/Turnover
12.66%
14.61%
42.41%
Total Cash Common Dividend
7.05%
-15.66%
-14.14%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,044
867
994
1,526
4,431
2025
1,214
1,360
- -
2,725
6,310
2026
1,309
876
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-0.03
-0.07
-0.19
-0.28
2025
0.04
0.07
- -
-0.23
-0.09
2026
-0.02
-0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.02
0.08
2025
0.01
0.02
- -
0.02
0.07
2026
0.01
0.01
- -
- -
- -
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Business
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) develops, manufactures, and supplies equipment and solutions for smart grids, electrochemical energy storage, and integrated energy services. Founded in 1996 and headquartered in Shenzhen, China, the company, a subsidiary of Midea Group, offers core products including smart electricity meters and advanced metering infrastructure systems; intelligent power distribution equipment with IoT-enabled energy management; precision verification instruments such as single- and three-phase test systems, reference meters, and detection tools; energy storage solutions encompassing battery packs, bidirectional power conversion systems (PCS), battery management systems (BMS), energy management systems (EMS), optical storage inverters, and containerized battery energy storage systems; as well as integrated energy services for electricity, cooling, water, gas, heat, and hydrogen utilizing AI and IoT technologies; and additional offerings like EV charging stations, solar inverters, frequency converters, and smart logistics systems. It operates primarily in China as a key supplier to State Grid Corporation and China Southern Power Grid, with international presence in the United States, Europe, and Belt and Road regions. Recent developments include a January 2024 agreement to supply 480 MWh of containerized battery energy storage systems and 200 MW PCS skids to U.S.-based Stella Energy Solutions LLC; multiple engineering partnerships signed at ees Europe 2024 with European firms such as SunService EOOD and Ktistor Energy for battery energy storage projects in Germany, Bulgaria, and Greece; acquisition by Midea Group in 2023 providing enhanced resources; and a May 2023 funding infusion of CNY 1.24 billion from Midea Group Co., Ltd. to bolster expansion.