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Ocean's King Lighting Science & Technology Co., Ltd. Class A

Ocean's King Lighting Science & Technology Co., Ltd. Class A

SSZSE:002724
12.33
CNY
+1.12
(+9.99%)
0.18EPS
22.93P/E
3.74BMarket Cap
Oct 27Next Earn
Ocean's King Lighting Science & Technology Co., Ltd. Class A
SZSE:002724
(Shenzhen Stock Exchange)

Recent

price

12.33

P/E

ratio

22.93

div

yld

1.23%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.88
2.1
1.74
1.8
1.64
1.25
1.28
1.52
1.74
2.08
2.27
2.71
2.22
2.19
2.22
2.23
2.38
Revenue per Share
0.3
0.3
0.27
0.27
0.27
0.09
0.15
0.21
0.26
0.36
0.4
0.5
0.18
0.06
-0.19
0.14
0.21
Basic EPS, GAAP
- -
0.18
0.2
0.11
0.1
0.05
0.07
0.17
0.11
0.31
0.38
0.2
-0.05
0.18
0.44
0.21
- -
Free Cash Flow per Basic Share
0.1
0.08
0.1
0.1
0.09
0.1
0.02
0.03
0.08
0.1
0.1
0.15
0.2
0.07
0.04
0.05
0.15
Dividend per Share
1.05
1.28
1.45
1.63
2.13
2.13
2.27
2.45
2.64
2.89
3.38
3.73
3.64
3.71
3.42
3.59
3.52
Book Value per Share
0.9
1.13
1.31
1.49
2.01
2.01
2.15
2.34
2.53
2.79
3.09
3.44
3.36
3.49
3.33
3.5
3.43
Tangible Book Value per Share
630
630
630
630
645
720
720
720
720
720
750
780
780
776
772
771
771
Basic Weighted Avg Shares
1,186
1,323
1,098
1,131
1,056
896
925
1,097
1,253
1,495
1,704
2,113
1,734
1,701
1,714
1,722
1,834
Sales/Revenue/Turnover
16.49
15.28
15.08
15.6
16.09
3.97
10.28
15.66
15.45
17.66
20.55
22.79
6.81
7.17
5.16
3.97
7.56
Operating Margin (%)
- -
29
16
16
14
14
30
33
38
35
36
40
42
49
56
53
- -
Depreciation Expense
188
190
168
172
172
67
111
152
190
257
301
392
139
44
-147
110
163
Net Income, GAAP
12.91
12.03
14.47
13.76
14.14
17.94
15.55
16.16
14.44
12.01
12.42
11.63
8.42
51.7
- -
17.74
19.5
Effective Tax Rate (%)
15.84
14.36
15.3
15.25
16.25
7.5
12.03
13.85
15.16
17.22
17.65
18.57
8.02
2.57
-8.56
6.39
8.89
Profit Margin (%)
470
601
709
696
1,085
1,028
1,115
1,260
1,372
1,569
1,793
1,792
1,929
1,888
1,084
1,381
1,273
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
6
5
13
11
LT Debt
658
805
913
1,025
1,535
1,534
1,631
1,764
1,899
2,084
2,787
3,141
3,105
3,107
2,684
2,794
2,684
Total Equity
26.68
22.41
15.83
15.36
11.64
2.79
5.77
8.79
10.18
12.75
13.84
14.11
4.86
0.17
- -
3.71
5.1
Return on Invested Capital (%)
30.58
25.96
19.56
17.29
12.97
3.8
6.43
8.32
10.15
12.92
10.92
12.11
4.35
2.44
- -
4.79
6.78
Return on Capital (%)
31.61
25.96
19.56
17.8
13.41
4.38
7.03
8.95
10.37
12.92
12.74
14.15
4.84
1.53
-5.33
4.07
6.06
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6
6
5
LT Borrowings
10
10
10
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
771
771
771
Market Capitalization
5,231
5,354
3,742

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,154
1,955
1,892
Cash, Cash Equivalents & STI
1,215
1,047
948
Accounts Receivable, Net
602
566
601
Inventories
120
131
127
Total Current Liabilities
772
608
619
Payables & Accruals
- -
- -
- -
ST Debt
6
6
5
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.77%
0.42%
4.08%
Free Cash Flow
-17.93%
-106.29%
-52.43%
Net Income, GAAP
-53.42%
-142.74%
-175.03%
Sales/Revenue/Turnover
7.47%
1.07%
0.46%
Total Cash Common Dividend
18.52%
2.9%
24.34%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
262
462
369
620
1,714
2025
332
474
- -
601
1,722
2026
297
462
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.06
0.01
-0.26
-0.19
2025
0.01
0.1
- -
0.07
0.14
2026
-0.03
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.04
- -
- -
0.04
2025
- -
0.05
- -
- -
0.05
2026
- -
0.1
- -
- -
- -
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Business
Ocean's King Lighting Science & Technology Co., Ltd. Ocean's King Lighting Science & Technology Co., Ltd. (002724.SZ) engages in the research, development, production, and sale of professional lighting products and solutions primarily for harsh industrial environments. Founded in 1995 and headquartered in Shenzhen, China, the company supplies innovative indoor and outdoor lighting to sectors including oil and gas, petrochemicals, power generation, mining, metals and minerals, transportation, water and wastewater, marine and shipbuilding, and arena and stadiums; its core offerings encompass fixed explosion-proof lighting, fixed professional lighting, mobile professional lighting, portable explosion-proof lighting, portable professional lighting, as well as control products such as detectors, controllers, gateways, and the LIMS intelligent lighting system leveraging Internet of Things technology for enhanced energy efficiency and smart monitoring. Ocean's King operates through 10 specialized business departments targeting diverse applications like refineries, drilling platforms, coal mines, and power plants, with certifications including ISO 9001, ISO 14001, BASEEFA, DNV, and GOST, and maintains over 100 service centers in China alongside overseas branches in regions such as the Middle East, Southeast Asia, and CIS countries. In recent developments, the company participated in ADIPEC 2024 and 2025 to showcase explosion-proof LED lighting and LIMS systems, deepening strategic partnerships with ADNOC and national oil companies in the UAE, Saudi Arabia, Qatar, and Oman; it also attended SABIC Technical Meeting 2025 in Saudi Arabia to advance cooperation in petrochemicals, metallurgical, and power sectors aligned with Vision 2030, while exhibiting at OSEA 2024 in Singapore to highlight carbon reduction technologies and expand in offshore energy markets.