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Xingye Leather Technology Co., Ltd. Class A

Xingye Leather Technology Co., Ltd. Class A

SSZSE:002674
21.47
CNY
+1.36
(+6.76%)
0.63EPS
72.23P/E
8.43BMarket Cap
Oct 27Next Earn
Xingye Leather Technology Co., Ltd. Class A
SZSE:002674
(Shenzhen Stock Exchange)

Recent

price

21.47

P/E

ratio

72.23

div

yld

1.06%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
5.77
7.08
7.22
7.42
9.2
9.81
9.83
6.99
5.98
5.25
4.94
5.91
6.81
9.25
10.1
10.11
10.4
Revenue per Share
0.59
0.68
0.68
0.74
0.49
0.06
0.24
0.15
0.38
0.39
0.39
0.62
0.52
0.64
0.48
0.34
0.39
Basic EPS, GAAP
0.09
0.24
-0.4
-0.92
0.4
-0.54
1.51
0.03
1.2
-0.01
0.47
0.2
-0.94
-0.5
0.29
0.84
- -
Free Cash Flow per Basic Share
0.14
0.29
0.04
0.23
0.31
0.24
0.05
0.16
0.52
0.65
0.66
0.08
0.38
0.61
0.71
0.24
0.23
Dividend per Share
2.78
3.27
5.86
6.39
6.65
6.52
7.76
7.78
7.78
7.62
7.31
7.88
8.05
8.23
8.17
8.24
8.25
Book Value per Share
2.59
3.08
5.72
6.26
6.46
6.33
7.61
7.64
7.64
7.45
7.12
7.7
7.8
7.96
7.71
7.77
7.8
Tangible Book Value per Share
181
181
214
240
243
241
261
302
302
302
295
292
292
292
292
295
296
Basic Weighted Avg Shares
1,042
1,281
1,543
1,780
2,234
2,358
2,566
2,113
1,807
1,587
1,460
1,726
1,988
2,700
2,951
2,986
3,075
Sales/Revenue/Turnover
12.23
11.7
11.14
11.03
6.06
2.28
3.26
2.19
6.53
6.43
9.92
15.74
12.22
13.32
13.29
12.8
12.94
Operating Margin (%)
15
17
19
19
34
47
52
54
56
56
58
60
61
73
78
83
- -
Depreciation Expense
107
123
145
177
120
13
63
45
116
118
116
181
151
186
142
101
117
Net Income, GAAP
13.89
14.69
14.95
15.29
14.19
11.1
14.84
16.06
15.26
13.08
13.63
13.67
14.47
13.08
12.57
12.12
11.63
Effective Tax Rate (%)
10.23
9.6
9.42
9.97
5.37
0.56
2.46
2.14
6.41
7.44
7.91
10.5
7.57
6.9
4.8
3.4
3.8
Profit Margin (%)
291
353
1,137
1,112
970
905
1,640
1,660
1,659
1,579
1,415
1,880
1,617
1,969
1,470
1,721
1,697
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
300
76
432
76
338
337
LT Debt
501
588
1,406
1,552
1,617
1,581
2,351
2,351
2,349
2,306
2,143
2,326
2,478
2,613
2,682
2,791
2,771
Total Equity
18.84
18.58
13.14
11.1
5.99
-0.37
2.62
1.95
4.72
4.44
4.44
6.8
5.67
6.88
5.78
4.66
4.69
Return on Invested Capital (%)
20.4
20.96
14.26
11.71
7.18
1.62
3.31
2.08
4.82
4.91
4.87
7.25
5.08
5
2.84
1.25
1.81
Return on Capital (%)
23.81
22.6
14.59
12
7.57
0.83
3.21
1.92
4.93
5.08
5.21
8.18
6.48
7.84
5.89
4.19
4.8
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
808
984
872
LT Borrowings
332
332
328
LT Finance Leases
6
9
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
296
296
296
Market Capitalization
4,416
3,727
8,432

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,391
3,443
3,301
Cash, Cash Equivalents & STI
1,177
1,214
1,143
Accounts Receivable, Net
607
367
526
Inventories
1,340
1,403
1,358
Total Current Liabilities
1,671
1,711
1,604
Payables & Accruals
- -
- -
- -
ST Debt
808
984
872
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.69%
5.45%
4.04%
Free Cash Flow
-84.36%
-126.7%
195.4%
Net Income, GAAP
51.37%
2.27%
-28.41%
Sales/Revenue/Turnover
3.62%
15.93%
1.19%
Total Cash Common Dividend
74.89%
59.32%
-65.17%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
597
665
752
937
2,951
2025
627
712
- -
972
2,986
2026
590
802
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.08
0.18
0.11
0.48
2025
0.06
0.04
- -
0.21
0.34
2026
0.08
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.59
0.06
0.03
0.71
2025
0.02
0.02
- -
0.02
0.24
2026
0.02
0.16
- -
- -
- -
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Business
Xingye Leather Technology Co., Ltd. (002674.SZ) manufactures and sells synthetic leather products for diverse applications including footwear, luggage, sofas, automobiles, and clothing. The company produces polyurethane (PU) synthetic leather, polyvinyl chloride (PVC) synthetic leather, and microfiber synthetic leather under brands such as Xianghe Leather, Xiangrui Leather, and Xinyue Leather; it also provides related services like product design, customization, and technical support for these materials. Xingye Leather Technology operates primarily in the synthetic leather segment of the materials industry, targeting manufacturers in footwear, furniture, automotive interiors, and apparel sectors. Founded in 2005 and headquartered in Jiashan County, Zhejiang Province, China, the company maintains production facilities across Zhejiang and Hubei provinces, with distribution networks serving domestic markets and exports to regions including Southeast Asia, Europe, and North America. In recent developments, Xingye Leather Technology expanded its production capacity through a new microfiber synthetic leather project in 2024, enhancing its capabilities in high-end, eco-friendly materials; the company also formed strategic partnerships with automotive suppliers for interior leather applications and completed a funding round via stock issuance to support technological upgrades in sustainable manufacturing processes.