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Shenzhen Topband Co., Ltd. Class A

Shenzhen Topband Co., Ltd. Class A

SSZSE:002139
9.92
CNY
+0.44
(+4.64%)
0.17EPS
56.91P/E
11.87BMarket Cap
Oct 28Next Earn
Shenzhen Topband Co., Ltd. Class A
SZSE:002139
(Shenzhen Stock Exchange)

Recent

price

9.92

P/E

ratio

56.91

div

yld

1.56%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.21
1.31
1.28
1.39
1.52
1.67
1.94
2.68
3.37
4.09
5.33
6.46
7
7.15
8.6
9.14
9.39
Revenue per Share
0.1
0.09
0.04
0.06
0.09
0.09
0.15
0.21
0.22
0.33
0.51
0.47
0.46
0.41
0.55
0.3
0.17
Basic EPS, GAAP
0.03
0.02
0.06
0.07
0.05
-0.13
-0.13
-0.11
-0.17
- -
0.07
-0.9
-0.19
0.53
0.28
-0.04
- -
Free Cash Flow per Basic Share
0.03
- -
0.05
0.05
0.03
0.03
0.05
0.07
0.08
0.12
0.07
0.07
0.07
0.08
0.1
0.09
0.15
Dividend per Share
0.55
0.67
0.67
0.69
0.75
1.09
1.68
1.9
2.13
2.46
3.05
4
4.51
4.96
5.35
5.6
5.6
Book Value per Share
0.5
0.62
0.57
0.57
0.62
0.99
1.39
1.57
1.73
2.04
2.65
3.51
3.92
4.29
4.65
4.92
4.94
Tangible Book Value per Share
738
740
752
720
732
864
941
1,000
1,010
1,003
1,043
1,202
1,267
1,257
1,221
1,213
1,228
Basic Weighted Avg Shares
891
971
960
999
1,115
1,446
1,827
2,683
3,407
4,099
5,560
7,767
8,875
8,992
10,501
11,082
11,534
Sales/Revenue/Turnover
10.36
9.47
5.78
6
7.58
5.88
8.24
11.35
8.51
9.4
13.22
9.43
6.15
6.29
7.89
5.17
4.57
Operating Margin (%)
15
19
21
27
33
36
43
58
75
100
135
188
263
321
364
423
- -
Depreciation Expense
72
70
33
41
65
81
144
210
222
331
532
565
583
516
671
364
205
Net Income, GAAP
14.62
14.94
26.63
17.39
15.4
13.26
14.43
11.7
12.82
13.39
11.77
7.76
8.07
3.17
13.29
9.67
8
Effective Tax Rate (%)
8.12
7.22
3.48
4.06
5.84
5.58
7.9
7.83
6.52
8.07
9.57
7.27
6.57
5.73
6.39
3.28
1.78
Profit Margin (%)
234
291
227
218
239
431
786
772
796
1,569
1,643
2,824
3,058
2,693
2,006
2,260
2,201
Working Capital
- -
- -
- -
- -
- -
- -
- -
5
- -
680
231
515
655
499
288
427
415
LT Debt
410
502
503
515
559
972
1,841
2,074
2,306
2,635
3,515
5,117
5,823
6,370
6,672
6,982
6,987
Total Equity
17.98
13.47
5.53
6.85
10.86
9.92
10.08
11.6
9.76
10.96
14.46
11.38
9.2
7.41
8.61
4.32
2.24
Return on Invested Capital (%)
18.57
13.5
6.24
7.99
12.18
10.61
9.6
9.89
9.06
11.23
14.52
11.34
9.53
7.75
8.99
4.56
2.55
Return on Capital (%)
19.33
15.61
6.75
8.07
12.25
10.59
10.76
11.51
10.81
14.12
17.83
13.32
10.84
8.58
10.36
5.33
2.96
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,436
1,991
2,037
LT Borrowings
404
477
402
LT Finance Leases
23
14
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,247
1,247
1,247
Market Capitalization
17,181
15,024
11,870

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,381
8,929
9,817
Cash, Cash Equivalents & STI
2,336
2,309
2,433
Accounts Receivable, Net
3,025
3,044
3,367
Inventories
2,196
2,683
3,136
Total Current Liabilities
6,121
6,616
7,616
Payables & Accruals
- -
- -
- -
ST Debt
1,436
1,991
2,037
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.9%
15.63%
4.64%
Free Cash Flow
-394.05%
-434.08%
-114.14%
Net Income, GAAP
22.23%
-3.56%
-45.81%
Sales/Revenue/Turnover
23.37%
15.52%
5.53%
Total Cash Common Dividend
20.43%
7.4%
-12.52%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,318
2,698
2,684
2,802
10,501
2025
2,671
2,831
- -
2,895
11,082
2026
2,644
3,164
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.18
0.14
0.1
0.55
2025
0.16
0.11
- -
-0.05
0.3
2026
0.04
0.06
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.08
0.01
0.01
0.1
2025
0.01
0.08
- -
- -
0.09
2026
- -
0.07
- -
- -
- -
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Business
Shenzhen Topband Co., Ltd. (002139.SZ) engages in the research, development, production, and sale of intelligent control system solutions worldwide. The company operates through segments including tools, home appliances, new energy, and industrial applications; it offers master and power control systems, motor drives and controls, display controls for HVAC, kitchen appliances, cleaning appliances, health care devices, lighting, and smart homes; controllers, motors, batteries, power supplies, and intelligent products for power tools; charging modules, battery cells, battery management systems (BMS), power conversion systems (PCS), energy management systems (EMS), AC and DC charging piles, household energy storage, industrial and commercial energy storage, communication power backups, and portable energy storage for new energy solutions; as well as stepping motors, servo drives, motion control products, controllers, drivers, and motors for 3C electronics, robotics, medical equipment, semiconductor devices, photovoltaics, and lithium batteries. Founded in 1996 and headquartered in Shenzhen, China, Topband maintains over 14 production and R&D bases across China, Vietnam, India, Romania, Mexico, and other regions, with engineering, sales, and service centers in the United States, Brazil, the United Kingdom, Germany, Sweden, South Africa, Thailand, Singapore, Japan, and Pacific Rim countries. In recent developments, the company completed the acquisition of the remaining 28.46% stake in Shenzhen YAKO Automation Technology Co., Ltd. for CNY 165 million in August 2024; signed a strategic cooperation agreement with WIK Far East Ltd. in October 2025 focused on smart manufacturing, supply chain synergy, home appliance innovation, and eco-friendly solutions, earning the 2025 Sustainable Supplier Award; achieved first-time annual revenue exceeding 10 billion RMB in 2024 with a decade-long compound annual growth rate of 25.1%; and expanded global manufacturing output with overseas plants surpassing RMB 2.2 billion in 2024, including milestones such as shipping a 2.236 MWh liquid cooling energy storage system to India in July 2025.