CETC Cyberspace Security Technology Co. Ltd. Class A

CETC Cyberspace Security Technology Co. Ltd. Class A

SSZSE:002268
15.19
CNY
+0.66
(+4.54%)
0.07EPS
178.97P/E
10.91BMarket Cap
Oct 30Next Earn
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
1.11
1.79
2.32
2.6
2.67
2.3
2.51
2.84
3.49
4.06
3.63
2.92
2.68
2.74
Basic EPS, GAAP
0.11
0.17
0.21
0.23
0.21
0.14
0.19
0.19
0.3
0.36
0.41
0.19
0.07
0.07
Free Cash Flow per Basic Share
0.03
0.05
-0.53
-1.11
-0.29
-0.14
-0.22
0.65
0.69
0.29
0.6
-0.67
0.29
- -
Dividend per Share
0.03
0.01
0.01
0.06
0.07
0.05
0.02
0.02
0.02
0.05
0.06
0.06
0.06
- -
Book Value per Share
1.48
1.78
1.98
2.15
5.12
5.26
5.43
5.61
5.99
6.19
6.55
6.68
6.69
6.46
Tangible Book Value per Share
1.45
1.76
1.96
2.08
4.97
5.06
5.2
5.29
5.68
5.87
6.21
6.36
6.39
6.17
Basic Weighted Avg Shares
692
692
692
692
802
838
838
838
846
846
846
846
845
846
Sales/Revenue/Turnover
771
1,236
1,603
1,799
2,137
1,931
2,104
2,384
2,955
3,438
3,073
2,467
2,268
2,319
Operating Margin (%)
6.64
11.4
10.56
9.49
12
8.14
7.69
8.16
10.1
11.52
11.77
4.46
0.72
2.79
Depreciation Expense
23
26
28
29
35
46
55
72
111
118
121
129
123
- -
Net Income, GAAP
74
119
149
156
169
120
156
161
251
307
349
158
58
61
Effective Tax Rate (%)
14.86
12.21
10.86
11.79
12.74
3.07
- -
2.63
2.24
6.2
1.47
- -
- -
2.8
Profit Margin (%)
9.56
9.66
9.28
8.66
7.91
6.22
7.4
6.77
8.51
8.92
11.35
6.41
2.54
2.63
Working Capital
749
1,015
629
114
2,758
2,720
2,775
2,807
3,187
3,345
3,647
3,747
3,767
3,552
LT Debt
- -
- -
- -
- -
- -
- -
- -
9
6
51
38
15
17
19
Total Equity
906
1,284
1,439
1,573
4,388
4,455
4,603
4,718
5,092
5,249
5,539
5,649
5,655
5,462
Return on Invested Capital (%)
3.1
7.34
8.52
5.54
5.16
2.32
- -
3.66
5.32
6.12
6.57
- -
- -
1.07
Return on Capital (%)
9.28
10.07
9.78
7.46
4.81
2.55
- -
3.44
5.1
5.88
6.49
- -
- -
1.15
Return on Common Equity (%)
10.96
11.64
11.43
10.89
5.84
2.76
3.48
3.49
5.14
5.95
6.48
2.83
1.02
1.11

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13
22
18
LT Borrowings
- -
- -
- -
LT Finance Leases
17
24
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
846
846
846
Market Capitalization
17,369
14,139
10,909

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,444
5,108
5,096
Cash, Cash Equivalents & STI
2,826
2,405
2,356
Accounts Receivable, Net
1,489
1,403
1,392
Inventories
429
629
766
Total Current Liabilities
1,677
1,517
1,543
Payables & Accruals
- -
- -
- -
ST Debt
13
22
18
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.42%
3.73%
0.1%
Free Cash Flow
-65.16%
-59.25%
-142.82%
Net Income, GAAP
-0.92%
-5.35%
-63.55%
Sales/Revenue/Turnover
4.55%
0.38%
-8.08%
Total Cash Common Dividend
51.95%
35.2%
-0.04%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
128
512
352
1,475
2,467
2025
148
340
- -
1,511
2,268
2026
96
373
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.23
-0.03
- -
0.44
0.19
2025
-0.16
-0.05
- -
0.32
0.07
2026
-0.18
-0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.06
2025
- -
- -
- -
- -
0.06
2026
- -
- -
- -
- -
- -

Company Description

CEO
Wei Tong
Full Time Employees
2,398
Sector
Technology services
Industry
Information technology services
Address
High-tech Zone Chengdu SI China 610095
IPO Date
Jul 29, 2008
Business
CETC Cyberspace Security Technology Co., Ltd. engages primarily in the development and provision of network information security products and services across China. Its core offerings include cryptographic technology products such as embedded security SEIP cores, secure SoC chips, software cryptographic modules, PCI cryptographic cards, trusted cryptographic modules, server and cloud cryptographic machines, digital certificate authentication systems, electronic signature systems, and key management systems. The company also provides integrated cybersecurity solutions including terminal security suites, security gateways, firewalls, vulnerability scanning systems, intrusion prevention systems, network security isolation and information exchange systems, virtualization technologies, network secrecy regulatory platforms, network security management and audit systems, electronic document confidentiality systems, secure electronic notepads, confidential video surveillance management systems, and VPN services. CETC serves key sectors including government, military, finance, and large enterprises, positioning itself as a critical security technology provider in China. Founded in 1998 and headquartered in Chengdu, the company operates under a "platform+service" cryptographic service model focused on promoting widespread commercial cryptography application. In recent developments, CETC Cyberspace Security Technology has emphasized the enhancement of its technological competitiveness through increased investment in cutting-edge fields such as post-quantum cryptography. In 2024, the company secured a significant contract as a key security vendor for China Mobile Research Institute's quantum communication services project, marking a strategic expansion into quantum secure communication technology. It has also focused on accelerating the development of emerging areas including vehicle networking and satellite internet security. The company underwent a rebranding from Westone Information Industry Inc. to CETC Cyberspace Security Technology Co., Ltd. in January 2023, reflecting its broader strategic focus on intelligent data security services centered on cryptography, network security, and data security. This repositioning supports CETC's role as a pioneer and leader in domestic cryptographic services and network security solutions.