1. China Stocks

  2. •

    Consumer durables

  3. •

    Electronics/Appliances
Shenzhen MTC Co., Ltd. Class A

Shenzhen MTC Co., Ltd. Class A

SSZSE:002429
6.75
CNY
+0.18
(+2.74%)
0.26EPS
46.07P/E
47.03BMarket Cap
Oct 26Next 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
1.69
1.79
1.55
1.8
2.23
2.9
2.97
4.46
4.74
3.28
3.78
4.44
3.96
3.94
Basic EPS, GAAP
0.16
0.17
0.09
0.09
0.13
0.1
0.25
0.39
0.07
0.25
0.35
0.35
0.29
0.23
Free Cash Flow per Basic Share
-0.05
0.15
-0.03
0.1
-0.3
-0.13
-0.83
-0.46
0.01
0.65
0.35
-0.01
0.58
- -
Dividend per Share
0.04
0.01
0.05
0.05
0.03
0.02
0.02
0.03
0.04
0.04
0.1
0.13
0.14
0.22
Book Value per Share
0.95
1.12
1.21
1.71
1.82
1.93
2.15
2.52
2.76
3.01
3.27
3.51
3.69
3.68
Tangible Book Value per Share
0.89
1.06
0.91
1.43
1.55
1.68
1.88
2.22
2.51
2.79
3.05
3.31
3.49
3.49
Basic Weighted Avg Shares
4,005
3,962
3,928
4,160
4,593
4,444
4,478
4,522
4,757
4,584
4,538
4,579
4,494
4,527
Sales/Revenue/Turnover
6,776
7,108
6,096
7,477
10,229
12,871
13,306
20,186
22,538
15,028
17,167
20,326
17,807
17,851
Operating Margin (%)
9.84
9.92
6.68
5.26
5.21
4.31
10.01
11.43
12.18
10.49
12.43
11.57
11.35
9.81
Depreciation Expense
35
39
67
157
161
161
181
317
542
638
693
891
973
- -
Net Income, GAAP
636
666
346
374
597
444
1,120
1,763
333
1,146
1,588
1,602
1,303
1,021
Effective Tax Rate (%)
14.21
15.13
14.02
17.09
13.65
12.76
6.09
6.9
26.15
2.24
3.53
13.13
4.88
6.35
Profit Margin (%)
9.38
9.37
5.67
5.01
5.84
3.45
8.41
8.74
1.48
7.63
9.25
7.88
7.32
5.72
Working Capital
3,173
2,637
1,890
5,155
6,790
5,402
5,102
5,976
4,883
5,368
7,795
10,075
10,966
10,599
LT Debt
- -
- -
150
150
1,500
2,200
700
13
528
1,207
1,619
2,141
1,987
1,925
Total Equity
3,813
4,486
4,847
7,762
8,263
8,681
9,757
11,748
12,959
13,894
15,227
16,327
17,310
17,313
Return on Invested Capital (%)
11.84
10.57
4.45
2.94
5.08
2.89
7.94
10.31
2.22
6.16
8.69
8.61
6.78
5.26
Return on Capital (%)
13.01
11.74
6.01
5.39
5.79
4.03
9.05
10.93
2.24
6.82
8.82
7.96
5.76
4.32
Return on Common Equity (%)
17.78
16.04
7.42
5.97
7.48
5.24
12.13
16.69
2.79
8.78
11.18
10.44
8
6.21

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,153
1,736
2,736
LT Borrowings
1,903
2,034
1,856
LT Finance Leases
84
72
69
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,527
4,527
4,527
Market Capitalization
33,590
42,825
47,035

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
17,042
16,229
17,695
Cash, Cash Equivalents & STI
4,602
4,127
3,221
Accounts Receivable, Net
4,331
3,425
4,722
Inventories
3,205
3,733
4,949
Total Current Liabilities
6,077
5,054
7,096
Payables & Accruals
- -
- -
- -
ST Debt
2,153
1,736
2,736
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.48%
8.07%
6.02%
Free Cash Flow
-479.48%
-877.4%
-8,480.78%
Net Income, GAAP
43.55%
36.77%
-18.67%
Sales/Revenue/Turnover
13.89%
-0.29%
-12.39%
Total Cash Common Dividend
22.35%
51.32%
0.35%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,106
5,414
6,642
4,164
20,326
2025
3,723
4,760
- -
3,912
17,807
2026
4,180
5,000
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.11
0.1
0.05
0.35
2025
0.07
0.07
- -
0.07
0.29
2026
0.05
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.1
0.01
-0.01
0.13
2025
0.01
0.07
- -
0.05
0.14
2026
- -
0.09
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jun Ou
Full Time Employees
12,538
Sector
Consumer durables
Industry
Electronics/Appliances
Address
3rd Building Shenzhen GD China 518112
IPO Date
Jun 10, 2010
Website
szmtc.com.cn
Similar Companies
GoPro, Inc. (NASDAQ:GPRO)
Arcelik A.S. (BIST:ARCLK)
Richtech Robotics Inc. (NASDAQ:RR)
Aditya Infotech Limited (NSE:CPPLUS)
Whirlpool Of India Limited (NSE:WHIRLPOOL)
LG Electronics India Limited (NSE:LGEINDIA)
Business
Shenzhen MTC Co., Ltd. (002429.SZ) engages in the research, development, manufacturing, and sale of lithium-ion battery cell manufacturing equipment and related solutions. The company offers core products and services including cell winding machines, coating machines, slitting machines, die-cutting machines, stacking machines, assembly lines for cylindrical, prismatic, and pouch cells; laser welding equipment, electrolyte filling machines, formation and grading systems, and module/pack assembly lines; as well as intelligent manufacturing software platforms, automation logistics systems, and turnkey production lines for battery factories. It serves major lithium battery manufacturers such as CATL, BYD, and CALB, primarily targeting the electric vehicle, energy storage, and consumer electronics sectors, with operations centered in China and expanding internationally to Europe and Southeast Asia. Founded in 2002 and headquartered in Shenzhen, China, the company operates through subsidiaries like Shenzhen MTC Technology Co., Ltd. and MTC Europe GmbH. In the past two years, Shenzhen MTC has secured strategic partnerships with leading battery producers for next-generation solid-state battery equipment development; completed a RMB 1.2 billion private placement funding round in 2024 to expand capacity and R&D; launched new high-precision stacking machines for 4680 cylindrical cells and automated lines for LFP energy storage packs; and acquired a German automation firm in early 2025 to bolster its overseas operations and technological capabilities in Europe.