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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
MeiG Smart Technology Co., Ltd. Class A
SZSE:002881
(Shenzhen Stock Exchange)

Recent

price

42.61

P/E

ratio

- -

div

yld

0.06%

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
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
- -
Revenue per Share
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
- -
Basic EPS, GAAP
-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
- -
Free Cash Flow per Basic 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
Dividend 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
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
Tangible Book Value per Share
92
160
176
178
206
236
236
236
236
237
260
261
262
270
Basic Weighted Avg Shares
234
303
389
480
642
990
933
1,121
1,969
2,306
2,147
2,941
3,747
- -
Sales/Revenue/Turnover
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
- -
Operating Margin (%)
9
13
13
14
13
14
14
10
36
41
54
58
51
- -
Depreciation Expense
18
25
32
47
56
47
24
27
118
128
65
136
143
- -
Net Income, GAAP
13.1
12.29
9.03
17.18
9.66
2.74
- -
- -
- -
15.36
0.82
- -
8.45
- -
Effective Tax Rate (%)
7.64
8.12
8.2
9.74
8.76
4.71
2.62
2.45
6
5.54
3
4.61
3.81
- -
Profit Margin (%)
-99
41
78
133
401
443
463
401
433
472
981
1,113
1,240
2,042
Working Capital
2
2
3
2
- -
- -
- -
41
25
87
9
1
10
6
LT Debt
102
145
181
228
493
529
549
582
691
820
1,480
1,567
1,702
2,789
Total Equity
- -
16.65
15.27
15.07
13.12
8.01
- -
- -
- -
12.18
4.94
- -
7.4
- -
Return on Invested Capital (%)
- -
18.97
17.36
18.04
13.76
8.7
- -
- -
- -
12.46
5.45
- -
7.39
- -
Return on Capital (%)
- -
19.94
19.49
22.81
15.61
9.13
4.54
4.85
18.59
16.95
5.61
8.9
8.73
- -
Return on Common Equity (%)

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
- -
- -
- -
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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.