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    Computer communications
Guangdong Shenglu Telecommunication Tech. Co., Ltd. Class A

Guangdong Shenglu Telecommunication Tech. Co., Ltd. Class A

SSZSE:002446
7.30
CNY
+0.22
(+3.11%)
0.06EPS
175.92P/E
9.83BMarket Cap
Oct 27Next 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
0.56
0.96
1.41
1.5
1.24
1.87
1.53
1.26
1.04
1.58
1.36
1.18
1.39
1.33
Basic EPS, GAAP
0.01
0.09
0.19
0.21
0.13
0.16
-0.87
0.2
-0.23
0.27
0.06
-0.82
0.08
0.06
Free Cash Flow per Basic Share
0.02
-0.13
-0.02
0.03
-0.03
-0.12
0.02
-0.02
-0.09
0.04
-0.1
-0.08
0.02
- -
Dividend per Share
0.01
0.01
0.01
0.03
0.03
0.03
0.05
0.09
0.03
- -
0.01
0.01
0.02
0.02
Book Value per Share
1.32
1.93
3.02
3.21
3.31
3.71
3.12
3.35
3.14
3.44
3.51
2.7
2.76
2.66
Tangible Book Value per Share
1.24
1.18
1.36
1.56
1.65
1.34
1.87
2.21
2.02
2.34
2.54
2.63
2.58
2.49
Basic Weighted Avg Shares
564
546
645
768
775
757
870
906
922
902
873
914
870
892
Sales/Revenue/Turnover
319
526
910
1,156
958
1,417
1,334
1,145
962
1,423
1,187
1,082
1,206
1,187
Operating Margin (%)
1.97
10.25
14.13
19.01
11.71
11.14
7.01
7.29
6.74
20.62
13.97
7.41
8.79
9.57
Depreciation Expense
19
21
23
27
31
52
77
72
59
65
72
71
60
- -
Net Income, GAAP
5
48
121
161
101
121
-757
181
-212
244
52
-749
70
54
Effective Tax Rate (%)
46
16.41
12.25
18.64
11.91
12.46
- -
- -
- -
11.04
27.37
- -
0.81
- -
Profit Margin (%)
1.42
9.17
13.34
13.96
10.52
8.55
-56.73
15.82
-22.05
17.12
4.41
-69.27
5.77
4.59
Working Capital
440
555
940
1,016
980
1,749
1,296
1,741
1,364
1,513
1,655
1,550
1,465
1,487
LT Debt
- -
- -
- -
- -
- -
907
130
87
49
51
136
157
181
352
Total Equity
657
1,231
2,301
2,446
2,527
2,827
2,809
3,051
2,858
3,144
3,210
2,470
2,532
2,440
Return on Invested Capital (%)
0.44
4.63
6.27
8.23
3.52
3.62
- -
- -
- -
7.85
1.57
- -
2.51
- -
Return on Capital (%)
0.89
5.28
6.94
6.67
4.34
4.41
- -
- -
- -
8.05
1.72
- -
2.71
- -
Return on Common Equity (%)
0.69
5.11
6.87
6.8
4.06
4.53
-26.89
6.2
-7.19
8.13
1.65
-26.42
2.79
2.21

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
223
191
228
LT Borrowings
181
271
352
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
915
915
915
Market Capitalization
9,603
9,063
9,832

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,429
2,425
2,444
Cash, Cash Equivalents & STI
890
830
904
Accounts Receivable, Net
807
864
895
Inventories
526
513
483
Total Current Liabilities
965
886
957
Payables & Accruals
- -
- -
- -
ST Debt
223
191
228
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.47%
-2.96%
2.5%
Free Cash Flow
-84.51%
-70.78%
-125.59%
Net Income, GAAP
-298.3%
-430.03%
-109.29%
Sales/Revenue/Turnover
5.58%
3.59%
11.51%
Total Cash Common Dividend
50.62%
7.92%
3.85%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
279
284
271
248
1,082
2025
279
335
- -
264
1,206
2026
270
318
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.02
0.02
-0.89
-0.82
2025
0.03
0.04
- -
-0.02
0.08
2026
0.03
0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
0.01
0.01
2025
- -
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hua Yang
Full Time Employees
2,281
Sector
Electronic technology
Industry
Computer communications
Address
No.4 Jinye Second Road Foshan GD China 528100
IPO Date
Jun 29, 2010
Website
shenglu.com
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Business
Guangdong Shenglu Telecommunication Tech. Co., Ltd. (002446.SZ) manufactures and sells antennas and radio frequency (RF) products for civil communications and microwave electronics applications; its core offerings include mobile communication antennas, base station antennas, microwave antennas, GPS/Beidou timing antennas, automotive antennas, high-precision positioning antennas, smart terminal antennas, RF devices, smart amplifiers, active integrated communication equipment, passive devices, indoor network distribution systems, and vertical industry solutions such as vehicle-mounted computers, wireless data terminals, and Internet of Things technologies. The company, founded in 1998 and headquartered in Foshan, Guangdong Province, China, operates primarily in China while exporting products to over 60 countries and regions including Europe, the United States, Australia, and India; it serves telecom operators like China Mobile, China Unicom, and China Telecom, communication equipment integrators such as Huawei and ZTE, and vertical industry users through subsidiaries and segments in communication antennas, automotive electronics, high-performance RF devices, and inspection/testing. Shenglu maintains certifications including ISO9001, TS16949, ISO14001, and holds over 76 patents with R&D centers in China and Sweden, supporting advancements in 5G multi-beam antennas, low-altitude economy products, satellite internet Ka/Ku-band phased array antennas, and car networking 5G solutions that have secured orders and achieved mass production. Recent developments include a January 2025 board authorization for a share repurchase program of up to CNY 285.8 million over 12 months to stabilize operations amid a projected 2024 net loss of CNY 386-770 million; successful bids in China Mobile's 2024 base station and special-scenario antenna procurement projects totaling CNY 137 million; and ongoing advancements in low空经济 and satellite internet products with multiple projects in iteration.