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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
Shenzhen MTC Co., Ltd. Class A
SZSE:002429
(Shenzhen Stock Exchange)

Recent

price

6.75

P/E

ratio

46.07

div

yld

3.21%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.75
1.13
1.61
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
Revenue per Share
0.09
0.1
0.13
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
Basic EPS, GAAP
-0.04
-0.09
0.07
-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
- -
Free Cash Flow per Basic Share
- -
0.04
0.04
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
Dividend per Share
0.67
0.73
0.83
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
Book Value per Share
0.66
0.69
0.79
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
Tangible Book Value per Share
4,020
3,953
4,022
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
Basic Weighted Avg Shares
3,019
4,473
6,457
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
Sales/Revenue/Turnover
13.29
10.3
10.31
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
Operating Margin (%)
12
15
22
35
39
67
157
161
161
181
317
542
638
693
891
973
- -
Depreciation Expense
343
408
536
636
666
346
374
597
444
1,120
1,763
333
1,146
1,588
1,602
1,303
1,021
Net Income, GAAP
14.45
15.85
14.35
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
Effective Tax Rate (%)
11.36
9.11
8.31
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
Profit Margin (%)
2,520
2,601
2,958
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
Working Capital
- -
- -
- -
- -
- -
150
150
1,500
2,200
700
13
528
1,207
1,619
2,141
1,987
1,925
LT Debt
2,662
2,926
3,339
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
Total Equity
19.71
11.46
12.28
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 Invested Capital (%)
19.73
12.13
12.88
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 Capital (%)
20.49
14.59
17.12
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
Return on Common Equity (%)

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
- -
- -
- -
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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.