Sms Electric Co. Ltd. Class A

Sms Electric Co. Ltd. Class A

SSZSE:002857
15.98
CNY
+0.30
(+1.91%)
-0.59EPS
2.30BMarket Cap
Oct 29Next 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
1.68
2.21
2.18
2.1
1.72
1.83
2.09
1.63
1.69
1.51
2.76
5.27
2.77
2.13
Basic EPS, GAAP
0.29
0.39
0.4
0.42
0.28
0.29
0.25
0.18
0.15
0.1
0.05
0.14
-0.32
-0.47
Free Cash Flow per Basic Share
-0.44
0.55
-0.02
0.12
-0.02
0.03
0.15
0.33
0.08
0.26
0.3
0.75
-0.51
- -
Dividend per Share
0.1
0.07
- -
0.09
0.13
0.04
0.04
0.1
- -
- -
- -
0.04
0.01
0.01
Book Value per Share
2.22
1.67
2.07
2.4
3.32
3.57
3.78
3.87
4.02
4.12
4.14
4.08
3.73
3.45
Tangible Book Value per Share
2.18
1.46
1.86
2.19
3.17
3.42
3.64
3.72
3.88
3.98
4.01
3.96
3.62
3.34
Basic Weighted Avg Shares
95
96
96
96
119
127
127
130
130
129
118
129
131
128
Sales/Revenue/Turnover
160
211
210
201
204
231
266
212
220
195
326
681
363
272
Operating Margin (%)
19.03
20.13
21.17
23.29
17.91
18.09
12.1
12.02
8.03
5.77
-0.85
4.39
-15.56
-27.74
Depreciation Expense
2
2
3
2
3
3
3
3
3
5
10
12
15
- -
Net Income, GAAP
27
37
39
40
33
37
32
23
20
13
6
18
-42
-60
Effective Tax Rate (%)
15.39
15.88
14.12
13.86
14.49
13.88
12.03
11.1
11.28
- -
27.12
14.38
- -
- -
Profit Margin (%)
17.16
17.54
18.37
19.96
16.28
15.89
11.96
11.06
8.89
6.63
1.81
2.66
-11.57
-21.99
Working Capital
116
128
166
191
382
390
387
373
379
386
375
374
310
267
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
15
14
12
11
Total Equity
131
161
199
230
426
458
484
495
514
527
530
545
494
455
Return on Invested Capital (%)
19.98
23.39
20.3
16.74
9.66
8.07
6.99
4.92
3.8
- -
0.13
4.85
- -
- -
Return on Capital (%)
21.53
24.57
21.44
18.67
10.14
7.91
6.77
4.78
3.87
- -
2.04
1.81
- -
- -
Return on Common Equity (%)
22.36
25.39
21.42
18.67
10.14
8.33
6.77
4.78
3.87
2.49
1.12
3.42
-8.26
-12.38

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4
4
4
LT Borrowings
- -
- -
- -
LT Finance Leases
12
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
131
131
131
Market Capitalization
2,709
2,831
2,295

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
753
699
730
Cash, Cash Equivalents & STI
458
431
376
Accounts Receivable, Net
163
100
117
Inventories
64
89
166
Total Current Liabilities
443
409
463
Payables & Accruals
- -
- -
- -
ST Debt
4
4
4
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.63%
0.08%
-9.45%
Free Cash Flow
-41.1%
30.34%
-168.3%
Net Income, GAAP
-27.25%
-46.05%
-331.72%
Sales/Revenue/Turnover
12.7%
24.33%
-46.74%
Total Cash Common Dividend
- -
- -
-58.8%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
54
49
56
522
681
2025
54
91
- -
77
363
2026
9
94
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
-0.1
-0.04
0.31
0.14
2025
-0.11
-0.01
- -
-0.11
-0.32
2026
-0.19
-0.16
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
0.02
- -
- -
0.01
2026
- -
- -
- -
- -
- -

Company Description

CEO
Kun Hu
Full Time Employees
455
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
No. 102 Chongguang Road Zhengzhou HN China 450016
IPO Date
Mar 23, 2017
Website
cnsms.com
Business
SMS Electric Co.,Ltd.Zhengzhou (002857.SZ) engages in the research, design, production, and sale of electricity metering instruments, electricity transformers, and electricity load management acquisition terminals primarily in China. The company offers standard test devices for measuring errors and functional tests of smart energy meters; portable meter test systems; energy meter terminals; testing automation products including automated assembly line calibration systems and intelligent storage management equipment such as secondary meter warehouses and turnover cabinets; simulation equipment; power consumption information collection systems comprising main station management software, collection terminals, and three-phase multifunctional smart energy meters; transformers including voltage, current, combined, and others; and energy storage products for power supply, grid, and user sides. Founded in 1996 and headquartered in SMS Industrial Park, Zhengzhou, China, it exports to markets including Korea, Australia, Mongolia, Denmark, India, Pakistan, Vietnam, Bangladesh, and other international regions. Recent developments include Shanghai Changyun Enterprise Management Partnership agreeing to acquire a 10.72% stake from Jin, alongside a share buyback authorization in late 2023 and ongoing financial reporting with Q3 2025 earnings scheduled for October 2025.