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Lets Holdings Group Co. Ltd. Class A

Lets Holdings Group Co. Ltd. Class A

SSZSE:002398
4.05
CNY
+0.03
(+0.75%)
0.06EPS
60.55P/E
2.62BMarket Cap
Oct 27Next Earn
Lets Holdings Group Co. Ltd. Class A
SZSE:002398
(Shenzhen Stock Exchange)

Recent

price

4.05

P/E

ratio

60.55

div

yld

4.43%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.94
1.43
1.92
2.59
2.62
1.96
2.03
2.93
3.92
4.89
5.61
6.87
5.61
4.23
3.72
3.51
3.31
Revenue per Share
0.09
0.2
0.28
0.33
0.32
0.29
0.24
0.28
0.36
0.58
0.54
0.38
0.3
0.22
0.07
0.08
0.06
Basic EPS, GAAP
-0.11
-0.08
-0.1
-0.06
0.07
0.26
0.39
0.06
0.05
0.29
0.24
0.3
0.29
0.31
0.16
0.24
- -
Free Cash Flow per Basic Share
- -
0.03
0.02
0.03
0.04
0.04
0.05
0.05
0.1
0.07
0.08
0.09
0.09
0.08
0.09
0.09
0.18
Dividend per Share
1.64
1.81
2.07
2.37
2.66
2.91
3.11
3.29
3.56
4.09
4.53
4.74
5.05
5.17
5.19
5.18
5.47
Book Value per Share
1.51
1.69
1.78
2.07
2.33
2.59
2.79
2.98
3.04
3.55
3.97
4.17
4.4
4.6
4.64
4.65
4.94
Tangible Book Value per Share
632
690
683
685
683
685
683
682
692
694
690
716
704
722
704
677
697
Basic Weighted Avg Shares
594
985
1,308
1,772
1,789
1,345
1,385
1,998
2,716
3,394
3,871
4,918
3,947
3,058
2,617
2,373
2,306
Sales/Revenue/Turnover
9.95
15.8
18.52
16.55
16.29
19.48
13.63
11.03
11.44
14.53
12.15
7.13
8.14
7.43
4.55
4.55
5.02
Operating Margin (%)
18
28
35
50
58
59
56
54
54
56
63
80
97
102
96
105
- -
Depreciation Expense
57
137
194
226
222
202
167
191
249
402
372
272
211
159
49
54
43
Net Income, GAAP
11.88
17.49
18.58
17.13
18.3
17.05
16.7
15.83
13.5
12.99
12.41
8.84
9.21
10.48
- -
16.04
11.16
Effective Tax Rate (%)
9.67
13.88
14.85
12.78
12.4
15.02
12.08
9.57
9.17
11.86
9.62
5.53
5.35
5.2
1.88
2.28
1.87
Profit Margin (%)
789
874
944
1,036
1,160
1,161
1,263
1,359
1,380
1,593
1,859
1,951
2,502
2,442
2,251
2,413
2,668
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
32
33
424
456
527
646
656
LT Debt
1,132
1,260
1,443
1,668
1,868
2,041
2,177
2,325
2,515
2,899
3,282
3,490
3,684
3,728
3,657
3,646
3,845
Total Equity
6.76
11.37
14.67
14.97
12.66
10.57
7.67
8.93
10.96
16.01
12.47
8.09
5.7
3.92
- -
1.45
0.97
Return on Invested Capital (%)
8.04
11.08
13.77
13.67
12.15
10.23
7.77
8.41
10.07
14.32
11.75
7.81
5.97
4.03
- -
1.36
1.1
Return on Capital (%)
8.3
11.56
14.59
14.87
12.87
10.58
8.11
8.67
10.5
15.19
12.32
8.21
6.01
4.35
1.35
1.5
1.16
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11
15
11
LT Borrowings
626
632
637
LT Finance Leases
20
20
20
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
698
698
698
Market Capitalization
3,923
3,651
2,618

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,887
3,694
3,887
Cash, Cash Equivalents & STI
1,207
1,255
1,436
Accounts Receivable, Net
2,154
1,958
1,990
Inventories
107
123
111
Total Current Liabilities
1,474
1,225
1,219
Payables & Accruals
- -
- -
- -
ST Debt
11
15
11
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.1%
2.18%
-0.29%
Free Cash Flow
42.75%
5.76%
46.94%
Net Income, GAAP
-5.17%
-26.64%
9.88%
Sales/Revenue/Turnover
8.32%
-7.79%
-9.33%
Total Cash Common Dividend
- -
2.74%
5.75%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
521
658
670
768
2,617
2025
530
665
- -
569
2,373
2026
450
622
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.04
0.03
-0.07
0.07
2025
0.05
0.04
- -
-0.06
0.08
2026
0.04
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.08
- -
- -
0.09
2025
- -
0.09
- -
- -
0.09
2026
- -
0.09
- -
- -
- -
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Business
Lets Holdings Group Co., Ltd. (002398.SZ) engages in the research, development, production, and sale of construction materials and related technical services primarily in China with international operations. The company offers concrete manufacturing and special construction services for nuclear power, ports, bridges, tunnels, highways, high-speed rail, subways, water conservancy, electric power, and other infrastructure projects; comprehensive technical services including surveying, design, testing, evaluation, consulting, and training across engineering lifecycles; new materials such as high-performance concrete admixtures like polycarboxylic acid water reducers, autoclaved aerated concrete blocks, and energy-saving products; Internet-based industry supply chain big data services; BIM-based building information modeling and industrialization systems incorporating Internet of Things, cloud computing, big data, and 5G; engineering detection services covering construction, transportation, electronic, electrical, and environmental testing; engineering construction including architectural design, green building energy saving, reinforcement, geotechnical investigation, and interior design; and additional offerings like software services, medical instruments, and supply chain management. Founded in 1980 as Xiamen Academy of Building Research and headquartered in Xiamen, China, the company changed its name to Lets Holdings Group Co., Ltd. in October 2019 and operates through subsidiaries structured as one research institute, two groups (detection and new materials), and four business units (construction, information, e-commerce, capital) across provinces including Fujian, Guangxi, Sichuan, Chongqing, Jiangxi, Hunan, Guizhou, Zhejiang, Jiangsu, Henan, Hebei, Liaoning, Beijing, Shaanxi, Shanghai, Hainan, Guangdong, and internationally in South Africa, Nigeria, Tanzania, Egypt, India, Indonesia, Malaysia, Russia, Philippines, Vietnam, Thailand, Cambodia, Chile, and Mexico. Recent developments include new production capacity bases in Yunnan, Hunan, Anhui, and Zhangzhou Gulei areas; establishment of Lets Technology Group (Nanjing) Co., Ltd. in May 2024 and Xiamen Yunhua Leihe New Energy Development Co., Ltd.; recognition of subsidiaries like Ke Zhijie New Materials Group (Guizhou) Co., Ltd. as specialized small and medium-sized enterprises in December 2024; and strategic collaborations with partners such as Autodesk, DeepinServe, and Hikvision to advance AI-driven "Lets Toolkit, Lets Robot, and Lets Gear" initiatives in building intelligence and digital transformation.