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    Telecommunications equipment
MeiG Smart Technology Co., Ltd. Class A

MeiG Smart Technology Co., Ltd. Class A

42.61
CNY
+1.81
(+4.44%)
11.01BMarket Cap
Oct 26Next 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
2.55
1.89
2.21
2.69
3.11
4.2
3.96
4.75
8.35
9.73
8.26
11.29
14.28
- -
Basic EPS, GAAP
0.19
0.15
0.18
0.26
0.27
0.2
0.1
0.12
0.5
0.54
0.25
0.52
0.54
- -
Free Cash Flow per Basic Share
-1.11
-0.09
-0.07
-0.04
-0.12
0.12
-0.03
0.25
-0.92
-0.13
-0.46
-0.6
-0.05
- -
Dividend per Share
0.02
0.01
0.01
0.01
0.01
0.06
0.03
0.02
0.04
0.16
0.12
0.1
0.16
0.03
Book Value per Share
0.59
0.85
1.03
1.29
2.09
2.25
2.33
2.43
2.87
3.42
5.66
5.99
6.5
9.23
Tangible Book Value per Share
-0.11
0.83
1.02
1.29
2.09
2.24
2.24
2.3
2.67
3.08
5.16
5.54
6.05
8.87
Basic Weighted Avg Shares
92
160
176
178
206
236
236
236
236
237
260
261
262
270
Sales/Revenue/Turnover
234
303
389
480
642
990
933
1,121
1,969
2,306
2,147
2,941
3,747
- -
Operating Margin (%)
10.93
9.19
11.05
12.05
10.64
6.76
5.33
4.82
7.18
6.3
3.95
5.91
4.7
- -
Depreciation Expense
9
13
13
14
13
14
14
10
36
41
54
58
51
- -
Net Income, GAAP
18
25
32
47
56
47
24
27
118
128
65
136
143
- -
Effective Tax Rate (%)
13.1
12.29
9.03
17.18
9.66
2.74
- -
- -
- -
15.36
0.82
- -
8.45
- -
Profit Margin (%)
7.64
8.12
8.2
9.74
8.76
4.71
2.62
2.45
6
5.54
3
4.61
3.81
- -
Working Capital
-99
41
78
133
401
443
463
401
433
472
981
1,113
1,240
2,042
LT Debt
2
2
3
2
- -
- -
- -
41
25
87
9
1
10
6
Total Equity
102
145
181
228
493
529
549
582
691
820
1,480
1,567
1,702
2,789
Return on Invested Capital (%)
- -
16.65
15.27
15.07
13.12
8.01
- -
- -
- -
12.18
4.94
- -
7.4
- -
Return on Capital (%)
- -
18.97
17.36
18.04
13.76
8.7
- -
- -
- -
12.46
5.45
- -
7.39
- -
Return on Common Equity (%)
- -
19.94
19.49
22.81
15.61
9.13
4.54
4.85
18.59
16.95
5.61
8.9
8.73
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
393
652
711
LT Borrowings
- -
- -
- -
LT Finance Leases
10
8
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
262
302
302
Market Capitalization
11,664
11,549
11,007

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,472
3,916
4,057
Cash, Cash Equivalents & STI
311
1,358
1,112
Accounts Receivable, Net
497
470
625
Inventories
901
1,309
1,529
Total Current Liabilities
1,232
1,653
2,015
Payables & Accruals
- -
- -
- -
ST Debt
393
652
711
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.14%
26.49%
8.64%
Free Cash Flow
-149.18%
-62.68%
-91.38%
Net Income, GAAP
41.93%
80.93%
5.27%
Sales/Revenue/Turnover
27.61%
30.06%
27.39%
Total Cash Common Dividend
76.41%
78.13%
59.39%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
574
731
876
759
2,941
2025
997
889
- -
926
3,747
2026
928
1,097
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.11
0.22
0.17
0.52
2025
0.18
0.14
- -
0.11
0.54
2026
0.18
0.2
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.11
0.01
-0.01
0.1
2025
0.01
0.14
- -
0.01
0.16
2026
0.01
0.01
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ping Wang
Full Time Employees
983
Sector
Electronic technology
Industry
Telecommunications equipment
Address
No.1006 Shennan Avenue Shenzhen GD China 518026
IPO Date
Jun 22, 2017
Website
meigsmart.com
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Business
MeiG Smart Technology Co., Ltd (002881.SZ) engages in the research, development, production, and sale of Internet of Things (IoT) terminals and wireless communication modules; 5G smart modules including SRM700 series supporting Wi-Fi 6E and L1+L5 GNSS, SRM955 multi-mode 5G/LTE modules with Wi-Fi 6E and GPS, SRM980 AI module based on Snapdragon 8 Gen 2, and automotive-grade modules such as SRM965, MA922 for smart cockpits and V2X communication; 4G LTE modules, NB-IoT modules, GNSS modules like SGM308, and smart automotive modules; wireless data solutions for smart positioning and tracking, retail payment systems, blind spot monitoring, logistics, energy alarms, AI toys, robots, and edge AI applications in retail, security, and transportation. Headquartered in Shenzhen, Guangdong Province and founded in 2007, the company operates R&D centers in Shenzhen, Shanghai, and Xi'an, with subsidiaries including Shenzhen MeiG Zhilian Information Technology Co., Ltd, ZhongGe Smart Technology (Shanghai) Co., Ltd, Xi’an Zhao Ge Electronic Information Technology Co., Ltd, and ShuoGe Intelligent Manufacturer Co., Ltd; it serves customers in over 100 countries across IoT sectors like industrial, automotive, consumer electronics, and smart cities. Recent developments include a Hong Kong listing application accepted in mid-2025 to enhance liquidity, mass production of 5G vehicle communication modules SRM965 and MA922 in top global car brands, launches of AIMO Pro smart agent supporting DeepSeek parameters and SNM980 for edge AI, strengthened collaborations with Qualcomm and UNISOC on 5G-A and RedCap technologies, and substantial smart module revenue growth to 2.81 billion CNY in 2024 from cellular IoT shipments exceeding 514 million units.