Dongguan Mentech Optical & Magnetic Co., Ltd. Class A

Dongguan Mentech Optical & Magnetic Co., Ltd. Class A

SSZSE:002902
21.46
CNY
+0.29
(+1.37%)
-0.65EPS
6.97BMarket 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
5.44
6.55
8.43
8.9
8.89
7.64
6.67
8.05
10.64
11.17
9.09
7.14
6.74
8.04
Basic EPS, GAAP
0.33
0.43
0.51
0.57
0.47
0.12
0.13
0.02
-0.28
0.33
-1.23
-1.27
-1.05
-0.59
Free Cash Flow per Basic Share
-0.19
-0.14
0.04
0.18
-0.39
-0.73
0.75
-1.03
-0.32
-0.74
-0.29
-0.72
-1.11
- -
Dividend per Share
0.02
0.03
0.15
0.03
0.1
0.13
0.06
0.08
0.05
0.12
0.11
0.09
0.09
0.08
Book Value per Share
2.04
2.47
2.85
3.43
4.97
5.03
5.12
5.07
4.79
5.1
3.88
4.05
2.66
2.6
Tangible Book Value per Share
1.86
2.29
2.68
3.2
4.8
4.81
4.91
4.73
4.57
4.84
3.65
3.85
2.32
2.29
Basic Weighted Avg Shares
157
158
158
158
170
210
210
210
210
208
211
229
236
235
Sales/Revenue/Turnover
854
1,032
1,329
1,407
1,510
1,605
1,401
1,689
2,234
2,323
1,916
1,633
1,591
1,889
Operating Margin (%)
8
8.67
7.81
7.8
7.23
1.9
2.21
1.21
1.46
3.3
-6.22
-10.88
-7.74
-0.75
Depreciation Expense
7
9
14
22
29
42
47
59
73
98
132
114
99
- -
Net Income, GAAP
51
68
81
91
80
26
27
4
-58
69
-259
-291
-248
-140
Effective Tax Rate (%)
13.24
13.35
11.23
11.08
12.1
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
6
6.62
6.09
6.44
5.32
1.61
1.93
0.26
-2.6
2.96
-13.53
-17.79
-15.57
-7.39
Working Capital
217
261
242
274
730
667
610
287
256
299
2
33
-147
-161
LT Debt
- -
26
5
- -
- -
- -
- -
49
124
76
122
136
257
217
Total Equity
321
389
449
540
1,045
1,062
1,083
1,105
1,053
1,111
834
953
655
637
Return on Invested Capital (%)
14.67
15.57
15.42
14.67
9.13
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
16.12
16.66
16.51
16.07
9.58
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
17.36
19.23
19.31
18.34
10.14
2.45
2.53
0.41
-5.6
6.59
-27.28
-32.7
-31.36
-18.37

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
545
542
515
LT Borrowings
232
239
195
LT Finance Leases
25
29
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
235
235
235
Market Capitalization
5,332
6,148
6,970

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,539
1,529
1,678
Cash, Cash Equivalents & STI
346
259
216
Accounts Receivable, Net
540
632
730
Inventories
440
432
493
Total Current Liabilities
1,686
1,683
1,839
Payables & Accruals
- -
- -
- -
ST Debt
545
542
515
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.82%
-8.24%
-31.28%
Free Cash Flow
-4.45%
45.6%
58.82%
Net Income, GAAP
-228.04%
-426.78%
-14.72%
Sales/Revenue/Turnover
2.87%
0.28%
-2.55%
Total Cash Common Dividend
33.59%
15.81%
10.54%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
402
397
429
404
1,633
2025
359
447
- -
379
1,591
2026
485
579
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
-0.24
-0.26
-0.64
-1.27
2025
-0.2
-0.11
- -
-0.42
-1.05
2026
-0.1
0.03
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.03
0.02
0.02
0.09
2025
0.02
0.02
- -
0.02
0.09
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Xian Jin Yang
Full Time Employees
3,360
Sector
Electronic technology
Industry
Electronic production equipment
Address
Building 1, No. 157 Dongguan GD China 523330
IPO Date
Sep 29, 2017
Business
Dongguan Mentech Optical & Magnetic Co., Ltd. (002902.SZ) is a China-based high-tech enterprise engaged in the research, development, production, and sales of magnetic components, optical communication products, power supplies, and energy solutions. Founded in 2008 and headquartered at Building 1, No. 157, Shipai Section, Dongyuan Avenue, Shipai Town, Dongguan City, Guangdong Province, China, the company serves industries including communication networks, consumer electronics, automotive equipment, new energy applications, data centers, and smart homes. Its core products encompass magnetic components such as network transformers, chip LAN magnetics, RF transformers, wound and planar power transformers, and molded power inductors; optical products including Telecom and DataCom optical transceivers with OEM, ODM, and JDM services, plus COB and BOX high-end devices; power products like adapters, USB chargers, and custom bare board supplies; energy equipment such as communication power systems, photovoltaic energy storage systems, and commercial/industrial PV storage-charging solutions; home energy storage systems featuring integrated machines, balcony PV units, inverters, and battery packs; and consumer offerings under the Meitan brand, including smart cycling equipment and low-carbon storage-charging systems. The company operates manufacturing bases in China and Vietnam, with subsidiaries and offices in the United States, Hong Kong, Malaysia, and Vietnam to support global customers, particularly in telecommunications, renewable energy, and EV charging markets. In recent developments, Mentech completed a RMB 4.17 billion private placement in March 2024 to fund strategic growth; launched new products including Power Bear inductors (MHB1008SG/MHB1012SG series), TIHA/TIHJ/TIHK isolation transformers, and a silicon photonic 800G DR8 optical module demo in March 2024; announced a strategic partnership with Inspur Smart Terminals and Gain City at GITEX ASIA 2025 to advance smart retail, green buildings, and intelligent living in Southeast Asia; and signed a definitive agreement in August 2025 to acquire a 60% majority stake in ABB E-mobility's ChargeDot subsidiary, enhancing its AC EV home and workplace charging capabilities while leveraging ABB's global distribution network, with the deal pending regulatory approval for Q4 2025 completion. These initiatives reflect Mentech's expansion into overseas manufacturing, particularly Vietnam for transformers, inductors, power supplies, and optical modules, alongside deepened focus on high-power-density components and electrification solutions.