Daoming Optics & Chemical Co., Ltd. Class A

Daoming Optics & Chemical Co., Ltd. Class A

SSZSE:002632
8.20
CNY
+0.17
(+2.12%)
0.31EPS
29.23P/E
5.63BMarket Cap
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
0.72
0.84
0.76
0.86
1.37
1.92
2.25
2.02
2.1
2.05
2.11
2.29
2.36
2.28
Basic EPS, GAAP
0.03
0.05
0.08
0.08
0.21
0.33
0.32
0.27
0.09
0.5
0.25
0.27
0.35
0.31
Free Cash Flow per Basic Share
-0.3
0.04
-0.06
0.03
-0.04
0.06
-0.87
1.03
0.63
0.04
0.3
0.37
0.64
- -
Dividend per Share
0.03
0.01
0.01
0.02
0.04
0.06
0.37
0.18
- -
0.05
0.45
0.43
0.26
- -
Book Value per Share
1.62
1.65
2.36
2.41
3
3.19
3.13
3.22
3.32
3.75
3.56
3.4
3.5
3.47
Tangible Book Value per Share
1.5
1.48
2.15
2.21
2.41
2.63
2.51
2.67
3
3.44
3.26
3.11
3.2
3.18
Basic Weighted Avg Shares
565
552
562
609
589
622
620
627
610
628
627
629
633
625
Sales/Revenue/Turnover
406
463
429
522
807
1,197
1,392
1,266
1,284
1,287
1,323
1,441
1,491
1,425
Operating Margin (%)
6.16
7.08
10.73
10.08
22.21
21.94
21.07
22.98
19.76
13.72
15.88
19.64
19.5
18.7
Depreciation Expense
36
47
50
56
63
77
90
87
110
129
128
122
118
- -
Net Income, GAAP
18
28
45
49
124
205
198
169
55
314
157
170
222
193
Effective Tax Rate (%)
19.52
7.14
17.26
26
18.08
18.58
14.99
18.81
31.85
22.15
19.38
16.17
15.93
17.14
Profit Margin (%)
4.52
5.97
10.48
9.34
15.34
17.16
14.25
13.36
4.28
24.4
11.85
11.79
14.86
13.51
Working Capital
287
268
646
628
643
835
692
746
849
1,074
1,033
915
987
889
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
2
Total Equity
902
917
1,416
1,455
1,835
2,006
1,958
2,006
2,071
2,342
2,222
2,125
2,183
2,166
Return on Invested Capital (%)
1.62
2.64
3.29
2.3
7.2
10.39
8.88
7.14
2.65
14.38
6.67
7.04
8.82
7.07
Return on Capital (%)
2.09
3.06
3.86
3.7
7.36
10.43
9.53
8.11
2.6
14.22
7.01
7.37
8.98
7.2
Return on Common Equity (%)
2.05
3.04
3.89
3.45
7.6
10.74
10.03
8.53
2.69
14.23
6.87
7.82
10.28
8.86

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
309
329
373
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
625
625
625
Market Capitalization
7,776
7,401
5,628

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,633
1,658
1,731
Cash, Cash Equivalents & STI
912
935
944
Accounts Receivable, Net
303
275
288
Inventories
326
361
393
Total Current Liabilities
646
688
842
Payables & Accruals
- -
- -
- -
ST Debt
309
329
373
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.78%
1.91%
2.74%
Free Cash Flow
-172.41%
121.12%
75.79%
Net Income, GAAP
60.28%
78.53%
30.43%
Sales/Revenue/Turnover
14.86%
3.37%
3.49%
Total Cash Common Dividend
411.17%
683.89%
-39.44%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
316
351
361
413
1,441
2025
334
400
- -
389
1,491
2026
292
345
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.08
0.08
0.04
0.27
2025
0.08
0.1
- -
0.07
0.35
2026
0.07
0.08
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.13
- -
0.43
2025
- -
- -
- -
- -
0.26
2026
- -
- -
- -
- -
- -

Company Description

CEO
Zhi Biao Hu
Full Time Employees
1,334
Sector
Producer manufacturing
Industry
Miscellaneous manufacturing
Address
No.581 Dongwu Road Yongkang ZH China 321399
IPO Date
Nov 7, 2011
Business
Daoming Optics & Chemical Co., Ltd. (002632.SZ) manufactures and sells reflective materials, optical electronic films, and functional polymer materials worldwide. The company offers core products including micro prism reflective films, engineering-grade reflective films, high-strength reflective films, license plate-grade reflective films, reflective fabrics and sheeting, vehicle conspicuity marking tapes, personal safety protective products, road safety signage materials, multifunctional composite films and LCD optical films, aluminum-plastic films for soft-pack lithium batteries, PC/PMMA composite sheets and films, graphene heat dissipation films, quantum dot films, release materials, and advanced ink series; these serve industries such as traffic safety, highways, automobiles, consumer electronics, new energy batteries, medical health, and adhesives. Founded in June 2002 and headquartered in Yongkang, Zhejiang Province, China, the company listed on the Shenzhen Stock Exchange SME Board in 2011 and operates subsidiaries including Zhejiang Longyou Daoming Optics Co., Ltd., Changzhou Huawei New Materials Co., Ltd., and overseas entities in South Korea, Brazil, India, Pakistan, and Japan, with production bases across Asia and global sales in over 30 countries. Daoming Optics & Chemical maintains a presence in traffic engineering, personal and vehicle protection, consumer electronics, new energy, and advanced materials segments, targeting government infrastructure, automotive OEMs, electronics manufacturers, and safety equipment providers. In recent developments, the company funded its subsidiary Zhejiang Longyou Daoming Optics Co., Ltd. with CNY 10.92 million to support operations, launched new reflective sheeting products featuring enhanced durability and visibility for traffic and safety applications, and achieved mass production of full prism structured reflective films that supported the Hangzhou Asian Games while expanding market share in motor vehicle license plates across more than 30 countries. Daoming Optics & Chemical also advanced graphene technologies with bent graphite and axial graphite breakthroughs for heat dissipation in electronics, secured new partnerships across Europe, Asia, and Latin America, and reported 2024 revenue growth of 8.96% to CNY 1.44 billion amid production expansions in optical PC/PMMA films and lithium battery packaging. These initiatives reflect ongoing strategic expansions in high-end optical display materials, new energy applications, and global reflective material leadership, including breaking foreign monopolies on core PMMA films for micro prism products.