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Foshan Nationstar Optoelectronics Co., Ltd Class A

Foshan Nationstar Optoelectronics Co., Ltd Class A

SSZSE:002449
6.61
CNY
+0.18
(+2.80%)
-0.14EPS
4.79BMarket Cap
Foshan Nationstar Optoelectronics Co., Ltd Class A
SZSE:002449
(Shenzhen Stock Exchange)

Recent

price

6.61

P/E

ratio

- -

div

yld

0.96%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.84
1.92
1.7
2.04
2.76
3.12
3.91
5.62
6.57
6.58
5.27
6.54
5.79
5.73
5.61
5.3
4.92
Revenue per Share
0.31
0.22
0.07
0.2
0.26
0.27
0.31
0.58
0.72
0.66
0.16
0.38
0.2
0.14
0.08
-0.02
-0.14
Basic EPS, GAAP
-0.14
-0.25
-0.61
-0.39
-0.43
-0.29
0.43
0.27
0.33
0.68
-0.02
0.64
0.01
0.28
0.06
0.04
- -
Free Cash Flow per Basic Share
0.07
0.1
0.11
0.14
0.16
0.18
0.2
0.23
0.28
0.32
0.3
0.07
0.06
0.09
0.09
0.06
0.06
Dividend per Share
3.67
3.79
3.75
3.88
4.06
4.47
4.68
5.11
5.6
5.92
5.79
6.36
6.07
6.15
6.18
6.13
6.05
Book Value per Share
3.57
3.7
3.63
3.73
3.91
4.25
4.43
4.89
5.41
5.78
5.64
6.18
5.9
5.94
5.99
5.94
5.87
Tangible Book Value per Share
476
559
559
559
559
589
619
618
618
618
619
618
618
618
619
619
618
Basic Weighted Avg Shares
877
1,076
948
1,142
1,543
1,839
2,418
3,473
4,066
4,069
3,263
4,045
3,580
3,542
3,473
3,281
3,044
Sales/Revenue/Turnover
19.43
10.6
9.37
9.2
10.82
9.38
9.93
14.15
14.06
13.35
4.93
8.04
3.86
2.69
1.2
0.4
-1.1
Operating Margin (%)
42
65
65
53
88
147
177
223
275
302
323
345
367
370
351
335
- -
Depreciation Expense
147
121
39
113
145
160
192
359
447
408
101
234
121
86
52
-13
-85
Net Income, GAAP
14.92
15.44
28.41
18.65
20.95
16.73
18.22
14.96
15.04
17
- -
12.49
6.94
- -
- -
- -
- -
Effective Tax Rate (%)
16.8
11.2
4.15
9.89
9.38
8.72
7.95
10.34
10.98
10.02
3.1
5.79
3.39
2.42
1.48
-0.4
-2.79
Profit Margin (%)
1,671
1,872
1,849
1,776
1,658
1,879
898
868
1,158
1,231
1,396
1,341
1,713
1,627
1,744
1,690
1,770
Working Capital
- -
- -
515
517
519
620
- -
- -
- -
- -
- -
- -
565
228
191
80
79
LT Debt
2,059
2,338
2,293
2,351
2,425
2,945
2,921
3,173
3,465
3,648
3,553
3,931
3,754
3,803
3,824
3,789
3,758
Total Equity
11.5
5.07
0.95
2.58
3.47
3.72
4.21
9.68
11.59
10.54
- -
6.09
2.76
- -
- -
- -
- -
Return on Invested Capital (%)
11.77
5.29
2.25
5.21
6.32
6.12
6.8
10.98
12.82
11.37
- -
6.38
3.07
- -
- -
- -
- -
Return on Capital (%)
11.84
5.79
1.87
5.3
6.52
6.36
6.79
11.87
13.49
11.45
2.79
6.24
3.16
2.27
1.35
-0.34
-2.24
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
247
217
189
LT Borrowings
78
79
78
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
618
618
618
Market Capitalization
5,232
4,694
4,793

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,767
3,510
3,476
Cash, Cash Equivalents & STI
1,267
1,016
933
Accounts Receivable, Net
782
670
733
Inventories
941
1,073
1,098
Total Current Liabilities
2,077
1,790
1,706
Payables & Accruals
- -
- -
- -
ST Debt
247
217
189
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.68%
1.42%
-0.91%
Free Cash Flow
-178.97%
-304.67%
-30.46%
Net Income, GAAP
-6.38%
-22.21%
-125.22%
Sales/Revenue/Turnover
7.64%
0.79%
-5.51%
Total Cash Common Dividend
-0.44%
-13.92%
-26.02%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
941
913
835
785
3,473
2025
767
914
- -
782
3,281
2026
616
732
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.05
0.02
-0.02
0.08
2025
0.03
0.01
- -
-0.07
-0.02
2026
-0.05
-0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.07
0.01
0.01
0.09
2025
- -
0.05
- -
- -
0.06
2026
- -
- -
- -
- -
- -
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Business
Foshan NationStar Optoelectronics Co.,Ltd (002449.SZ) is a China-based company principally engaged in the research, development, manufacture, and sale of light-emitting diode (LED) and optoelectronic semiconductor products. The company offers LED epitaxial films and chips; LED full-color devices, white-light devices, and components; optoelectronic devices including mid-to-high-end chip LEDs, infrared, single-color, dual-color indicators, ultraviolet, and special LEDs for plants and animals; third-generation compound semiconductors such as silicon carbide (SiC) discrete devices (SBD, MOS), SiC power modules, and gallium nitride (GaN) discrete devices in packages including DFN, TO-220, TO-247, and TO-252; integrated circuits packaging and testing products; display modules, backlight modules, smart control modules, and LED application products for lighting, displays, and consumer electronics. Its products serve industries such as lighting engineering, consumer electronics, household appliances, computer peripherals, communication equipment, automotive lighting, smart wearables, and power electronics, with applications in major projects including the 2022 Beijing Winter Olympics; the company distributes domestically in China and internationally, with overseas sales accounting for around 30% of revenue. Founded in 1969 and headquartered in Foshan, Guangdong Province, the company operates as a controlled listed subsidiary of Guangsheng Holding Group, a key state-owned enterprise in Guangdong, and maintains production facilities across multiple sites in Foshan including Huabao Road and Fenjiang North Road. In recent developments, Foshan NationStar has pursued strategic expansions in semiconductors, including its agreement to acquire a 99.87695% stake in Guangdong Fenghua Semiconductor Technology Co., Ltd., and successful acquisition of Fenghua Xinde to strengthen its position in chip electronics and high-tech certifications; additionally, since 2021 it has been acquired by Foshan Electrical and Lighting Co., Ltd. as part of broader consolidations in automotive, marine, and aviation lighting sectors, while boosting R&D investments to approximately 7-12% of revenue for innovations in MiniLED, high-efficiency LEDs, and market expansions targeting 35-40% export growth by 2024.