Shifeng Cultural Development Co. Ltd. Class A

Shifeng Cultural Development Co. Ltd. Class A

SSZSE:002862
13.99
CNY
+0.22
(+1.60%)
-0.66EPS
2.17BMarket 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
2.61
3
3.31
3.23
2.83
2.37
2.34
1.49
2.68
1.97
1.9
2.75
2.48
2.45
Basic EPS, GAAP
0.26
0.26
0.34
0.32
0.28
0.19
0.05
-0.24
-0.01
-0.24
-0.39
0.06
-1.04
-0.66
Free Cash Flow per Basic Share
-0.33
0.44
0.02
0.35
-0.48
-0.15
-0.02
-0.21
-0.15
-0.16
-0.28
-0.27
-0.68
- -
Dividend per Share
0.03
0.04
0.04
0.02
- -
0.03
0.06
0.03
0.04
0.04
0.05
0.06
0.08
0.09
Book Value per Share
1.42
1.68
2.03
3.28
3.23
3.39
3.39
3.14
3.05
2.81
2.43
2.75
1.69
1.72
Tangible Book Value per Share
1.36
1.62
1.74
2.9
3.03
3.1
3.11
2.87
2.79
2.56
2.18
2.51
1.45
1.49
Basic Weighted Avg Shares
126
125
127
126
154
168
166
169
136
167
166
159
168
168
Sales/Revenue/Turnover
329
376
419
405
437
398
388
251
365
329
315
437
417
410
Operating Margin (%)
14.62
10.99
10.16
9.97
11.52
6.85
4.9
-11.22
1.27
-5.55
-11.71
3.27
-15.36
-11.92
Depreciation Expense
5
6
8
12
14
18
22
23
23
23
27
28
30
- -
Net Income, GAAP
32
33
43
40
43
32
8
-41
-1
-40
-64
10
-175
-111
Effective Tax Rate (%)
14.51
13.4
15.48
14.92
14.05
15.48
13.08
- -
1,302.74
- -
- -
20.44
- -
- -
Profit Margin (%)
9.86
8.73
10.22
9.89
9.94
8.03
2.13
-16.32
-0.27
-12.32
-20.33
2.18
-41.89
-27.04
Working Capital
127
144
144
176
334
344
302
277
281
179
111
149
69
116
LT Debt
- -
- -
- -
- -
3
2
1
1
- -
38
39
27
34
63
Total Equity
179
212
255
295
542
569
570
527
513
473
409
463
283
291
Return on Invested Capital (%)
16.04
12.62
14.23
13.2
9.73
5.73
1.36
- -
21.06
- -
- -
1.54
- -
- -
Return on Capital (%)
19.54
14.51
16.73
14.16
10.29
5.76
1.78
- -
-11.81
- -
- -
2.72
- -
- -
Return on Common Equity (%)
25.01
16.78
18.3
14.56
10.37
5.75
1.45
-7.48
-0.19
-8.21
-14.55
2.19
-46.82
-29.33

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
235
235
211
LT Borrowings
33
63
62
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
168
168
169
Market Capitalization
3,281
2,671
2,175

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
358
362
370
Cash, Cash Equivalents & STI
91
54
56
Accounts Receivable, Net
115
102
91
Inventories
109
140
159
Total Current Liabilities
289
265
254
Payables & Accruals
- -
- -
- -
ST Debt
235
235
211
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.73%
-9.91%
-38.73%
Free Cash Flow
236.25%
44.69%
166.16%
Net Income, GAAP
127.87%
394.43%
-1,935.07%
Sales/Revenue/Turnover
2.34%
13.09%
-4.48%
Total Cash Common Dividend
376.6%
19.95%
57.05%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
66
89
155
127
437
2025
81
109
- -
89
417
2026
102
110
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.01
0.01
0.03
0.06
2025
0.02
0.01
- -
-0.69
-1.04
2026
0.04
-0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.01
0.01
0.06
2025
0.02
0.03
- -
0.02
0.08
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Jun Quan Cai
Full Time Employees
720
Sector
Consumer durables
Industry
Recreational products
Address
Chenghua Industrial Zone Shantou GD China 515800
IPO Date
Apr 11, 2017
Business
Shifeng Cultural Development Co., Ltd. engages in the research, development, design, production, and sale of a wide range of toys and cultural products primarily in China and internationally. Its core product offerings include electric remote control toys, infant toys, car model toys, anime and game derivative toys, smart toys with AI and multi-modal interaction features, and other trendy IP-licensed toy products. The company integrates popular cultural IPs such as Pokémon, Egg Party, Slither.io, Super Wings, Milk Dragon, and SpongeBob SquarePants to expand its product matrix, covering trendy toy categories that cater to various consumer groups. Additionally, Shifeng develops online video games and owns a diversified portfolio incorporating digital cultural and creative software. It also operates subsidiaries including SUNFUN (HK) International Co., Ltd. focusing on international trade and Shifeng (Shenzhen) Internet Technology Limited for cultural industry development in China. Founded in 1992 and headquartered in Shantou, China, Shifeng employs over 1,000 staff and covers more than 40,000 square meters. Recent major developments include Shifeng's strategic expansion into AI-driven smart toy products emphasizing emotional companionship and interactive features, aligning with industry trends towards intelligent toys. The company has further bolstered its intellectual property portfolio by acquiring official licensing rights for globally recognized brands such as SpongeBob SquarePants. In 2024 and 2025, it established a new subsidiary, Shifeng Interactive Entertainment (Changsha) Network Technology Co., Ltd., focusing on internet gaming services, AI application software development, digital cultural software, and anime game development. Shifeng also actively pursues new energy sector opportunities through Guangdong Shifeng Electric Charging Technology Co., Ltd., targeting electric vehicle charging solutions alongside its core toy business. The company recently implemented employee stock ownership plans and reported a significant increase in revenues and net income during 2024 and the first half of 2025, reflecting a successful balance of innovation, IP licensing, and market expansion. Overall, Shifeng Cultural Development Co., Ltd. operates at the intersection of toy manufacturing and digital cultural innovation, leveraging a robust product lineup across traditional and smart toys, popular IP licensing, online gaming development, and expanding into AI and new energy sectors while maintaining a strong presence in domestic and international markets. It is recognized for pioneering a dual "online games, offline toys" development and marketing model and has won numerous industry honors and patents supporting its cultural and technological leadership in the toy and leisure product sector.