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    Electrical products
Shenzhen Kstar Science and Technology Co., Ltd. Class A

Shenzhen Kstar Science and Technology Co., Ltd. Class A

SSZSE:002518
28.57
CNY
+1.12
(+4.08%)
1.04EPS
51.95P/E
31.20BMarket 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
2.09
2.43
2.67
3.02
4.7
4.72
4.48
4.16
4.81
7.57
9.33
7.17
9.06
9.42
Basic EPS, GAAP
0.23
0.27
0.41
0.51
0.64
0.4
0.55
0.52
0.64
1.13
1.45
0.68
1.05
1.03
Free Cash Flow per Basic Share
-0.09
0.14
0.35
0.13
0.39
-0.44
1.36
0.27
0.45
1.19
0.57
0.56
1.24
- -
Dividend per Share
0.06
0.04
0.08
0.13
0.16
0.2
0.2
0.2
0.2
0.25
0.35
0.45
0.23
0.68
Book Value per Share
2.43
2.66
3.01
3.4
3.84
4.15
4.5
4.82
5.26
6.09
7.19
7.47
8.29
8.37
Tangible Book Value per Share
2.35
2.57
2.92
3.32
3.76
4.03
4.38
4.54
4.85
5.69
6.75
7.02
7.85
7.94
Basic Weighted Avg Shares
561
572
573
580
580
575
583
583
583
581
583
580
582
581
Sales/Revenue/Turnover
1,172
1,388
1,526
1,750
2,730
2,715
2,610
2,423
2,806
4,401
5,440
4,159
5,270
5,472
Operating Margin (%)
12.45
12.21
15.11
17.63
16.93
12.8
15.05
16.07
13.67
18.48
19.07
11.99
13.49
13.45
Depreciation Expense
25
32
33
36
40
54
66
67
75
93
97
102
107
- -
Net Income, GAAP
127
153
233
296
371
230
321
303
373
656
845
394
611
599
Effective Tax Rate (%)
14.64
13.67
14.36
10.34
9.8
9.83
9.82
9.08
9.8
14.24
14.06
18
14.89
13.61
Profit Margin (%)
10.81
10.99
15.29
16.9
13.61
8.48
12.29
12.51
13.3
14.92
15.54
9.48
11.59
10.95
Working Capital
956
1,016
1,210
1,494
1,642
1,549
1,635
1,634
1,647
1,979
2,231
1,722
2,215
2,321
LT Debt
- -
- -
- -
- -
105
105
105
18
16
16
15
18
17
15
Total Equity
1,434
1,562
1,766
1,997
2,269
2,423
2,625
2,813
3,103
3,613
4,310
4,432
4,915
4,966
Return on Invested Capital (%)
8.99
9.75
13.53
15.01
17.11
9.87
13.18
11.93
13.48
21.23
22.68
9.01
13.53
12.13
Return on Capital (%)
9.19
10.15
13.32
15.52
17
9.42
12.24
10.9
12.51
18.5
20.21
8.66
12.38
11.98
Return on Common Equity (%)
9.4
10.34
14.24
15.95
17.54
9.83
12.74
11.18
12.72
19.87
21.77
9.2
13.32
12.85

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
170
162
278
LT Borrowings
- -
- -
- -
LT Finance Leases
17
15
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
582
582
582
Market Capitalization
28,250
26,258
31,201

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,866
4,747
5,193
Cash, Cash Equivalents & STI
1,716
1,713
1,094
Accounts Receivable, Net
1,590
1,564
1,566
Inventories
955
1,111
1,234
Total Current Liabilities
2,651
2,725
2,872
Payables & Accruals
- -
- -
- -
ST Debt
170
162
278
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.87%
11.95%
10.9%
Free Cash Flow
-27.91%
59.29%
122.12%
Net Income, GAAP
17.76%
25.88%
54.97%
Sales/Revenue/Turnover
15.85%
19.89%
26.72%
Total Cash Common Dividend
16.64%
8.56%
-48.65%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
831
1,060
1,020
1,247
4,159
2025
943
1,219
- -
1,662
5,270
2026
1,240
1,351
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.21
0.16
0.24
0.06
0.68
2025
0.19
0.25
- -
0.28
1.05
2026
0.24
0.26
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.45
- -
- -
0.45
2025
- -
0.23
- -
- -
0.23
2026
- -
0.45
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Cheng Yu Liu
Full Time Employees
4,516
Sector
Producer manufacturing
Industry
Electrical products
Address
No. 1 Building, Software Park Shenzhen GD China 518057
IPO Date
Nov 23, 2010
Website
kstar.com.cn
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Business
Shenzhen KSTAR Science and Technology Co., Ltd. engages primarily in the research, development, manufacture, and sale of power electronics products and solutions. Its main product categories include uninterruptible power supplies (UPS); power distribution units; photovoltaic (solar) inverters; energy storage systems; electric vehicle charging equipment; and automation and control devices. The company provides integrated smart energy management solutions tailored for industrial, commercial, and utility customers. Shenzhen KSTAR operates predominantly in China but also serves markets internationally. Founded in 1993 and headquartered in Shenzhen, China, it leverages innovation in power electronics to enhance energy efficiency and reliability. In recent years, Shenzhen KSTAR has strategically expanded its product portfolio to include advanced energy storage and electric vehicle charging technologies, reflecting a significant business shift towards sustainable energy and smart grid solutions. The company has formed partnerships and alliances to bolster its technological leadership in renewable energy integration and smart energy management. It has also accelerated its deployment of next-generation photovoltaic inverter systems and expanded its energy storage offerings, which cater to growing demand in both residential and commercial sectors. These developments mark important operational enhancements and reflect a broader commitment to green energy technologies within the last one to two years. Shenzhen KSTAR functions within the electrical equipment and renewable energy industries, targeting customers including utilities, industrial enterprises, commercial facilities, and residential users. The company’s subsidiaries and affiliates support its broad solution ecosystem. This comprehensive product and solution suite positions Shenzhen KSTAR as a key player in China’s evolving energy infrastructure landscape and growing global markets.