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Fujian Star-Net Communication Co., Ltd. Class A

Fujian Star-Net Communication Co., Ltd. Class A

SSZSE:002396
26.23
CNY
+0.53
(+2.06%)
14.58BMarket Cap
Mar 26Next Earn
Fujian Star-Net Communication Co., Ltd. Class A
SZSE:002396
(Shenzhen Stock Exchange)

Recent

price

26.23

P/E

ratio

- -

div

yld

0.87%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.34
3.86
4.07
4.79
5.32
6.55
8.12
10.7
12.04
12.22
13.59
17.87
20.76
20.95
22.19
25.44
- -
Revenue per Share
0.23
0.26
0.33
0.35
0.35
0.38
0.46
0.65
0.76
0.8
0.56
0.71
0.76
0.56
0.54
0.54
- -
Basic EPS, GAAP
-0.13
0.13
0.34
0.49
0.16
1.18
0.64
0.15
0.5
0.62
0.34
0.04
0.14
1.23
-0.45
2.34
- -
Free Cash Flow per Basic Share
0.01
0.03
0.16
0.13
0.15
0.05
0.07
0.08
0.11
0.09
0.11
0.11
0.13
0.11
0.24
0.23
0.23
Dividend per Share
2.28
2.52
2.71
2.93
3.13
3.73
4.11
4.22
4.85
5.57
5.53
6.19
8.01
8.35
8.73
9.16
9.51
Book Value per Share
2.27
2.46
2.55
2.75
2.92
2.82
3.24
3.73
4.37
5.08
5.04
5.68
7.51
7.4
7.3
7.68
8.39
Tangible Book Value per Share
599
685
685
685
685
690
701
720
758
758
758
758
758
759
755
753
754
Basic Weighted Avg Shares
1,997
2,644
2,787
3,276
3,642
4,517
5,688
7,705
9,132
9,266
10,304
13,549
15,741
15,908
16,758
19,157
- -
Sales/Revenue/Turnover
7.06
7.61
8.59
7.94
5.03
7.12
6.38
9.41
8.28
9.12
6.47
5.48
4.89
2.65
3.7
5.53
- -
Operating Margin (%)
19
21
20
55
71
87
107
115
114
113
130
203
275
311
294
355
- -
Depreciation Expense
139
179
224
239
242
262
319
470
578
606
425
542
577
425
405
409
- -
Net Income, GAAP
15.12
9.99
11.35
9.98
8.42
8.6
9.7
6.21
4.63
0.95
- -
- -
- -
- -
- -
12.5
- -
Effective Tax Rate (%)
6.94
6.76
8.03
7.3
6.64
5.81
5.62
6.1
6.33
6.54
4.12
4
3.67
2.67
2.41
2.13
- -
Profit Margin (%)
1,487
1,642
1,716
1,778
1,864
2,162
2,433
2,488
2,818
3,213
2,872
3,219
5,744
5,397
4,702
5,480
5,844
Working Capital
7
- -
- -
- -
- -
- -
- -
- -
- -
- -
139
111
128
155
122
88
72
LT Debt
1,712
1,926
2,162
2,404
2,527
3,374
3,701
3,749
4,265
4,828
4,883
5,652
8,683
9,098
9,528
10,082
10,408
Total Equity
9.42
9.94
9.73
9.88
7.05
9.4
9.44
17.9
19.96
17.86
- -
- -
- -
- -
- -
7.2
- -
Return on Invested Capital (%)
7.14
4.96
6.06
3.77
4.44
1.42
2.26
6.38
8.14
8.05
- -
- -
- -
- -
- -
0.11
- -
Return on Capital (%)
13.94
10.89
12.5
12.37
11.64
11.02
11.62
15.46
16.82
15.35
10.1
12.19
10.72
6.8
6.17
5.99
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,745
1,781
4,937
LT Borrowings
- -
- -
- -
LT Finance Leases
88
80
72
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
761
761
761
Market Capitalization
17,747
14,924
14,580

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,744
12,134
16,111
Cash, Cash Equivalents & STI
4,275
2,113
2,401
Accounts Receivable, Net
3,253
2,920
4,412
Inventories
4,022
5,349
6,815
Total Current Liabilities
7,264
6,535
10,267
Payables & Accruals
- -
- -
- -
ST Debt
1,745
1,781
4,937
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.38%
16.94%
5.82%
Free Cash Flow
27.5%
33.5%
-619.25%
Net Income, GAAP
7.08%
0.79%
1.05%
Sales/Revenue/Turnover
16.1%
13.68%
14.31%
Total Cash Common Dividend
22.26%
24.31%
-4.59%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,139
4,160
4,588
4,872
16,758
2025
3,485
5,401
- -
4,988
19,157
2026
3,904
6,825
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.15
0.18
0.19
0.54
2025
0.06
0.23
- -
0.09
0.54
2026
0.05
0.44
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.21
0.02
0.01
0.24
2025
0.01
0.21
- -
0.01
0.23
2026
0.01
0.21
- -
- -
- -
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Business
Fujian Star-net Communication Co., Ltd. (002396.SZ) engages primarily in the research, development, production and distribution of ICT infrastructure and AI application solutions in China. The company offers communication infrastructure including network equipment, network security and cloud desktop solutions; AI application solutions encompassing IT solutions such as desktop cloud terminals, thin clients, trusted computing machines, trusted computing cloud, finance and digital payments; smart retail featuring AI visual settlement platforms and self-service cooking machines; smart entertainment; smart Internet of Things; and smart manufacturing solutions; as well as optical communication equipment, enterprise-level network equipment, video information equipment and converged communication products applied in network construction, wireless networks, cloud computing, payment, digital entertainment karaoke and other sectors. Founded in 1996 and headquartered in Fuzhou, Fujian Province, the company operates principally within the domestic Chinese market, serving government, operators, Internet, finance, medical, entertainment, education and manufacturing industries through subsidiaries including Ruijie Networks, Centerm, NEXhome, Akuvox and Star-net IoT; it employs approximately 11,152 people. Recent developments include the acquisition of an additional 30% stake in Fujian Star-net IoT Information Systems Co., Ltd. from Fujian Electronics & Information (Group) Co., Ltd. for CNY 37.1 million announced in October 2024, raising its ownership to 72%; the successful listing of subsidiary Ruijie Networks in 2022; attainment of the 2024 Fujian Province Science and Technology Progress Award first prize for heterogeneous IoT and intelligent perception technologies; and ranking 34th on the 2025 Fujian Manufacturing Enterprises 100 Strong list, alongside launches of products like the Centerm "Shengua" series trusted computing desktops and extreme simplified Ethernet all-optical solutions 3.0.