Shennan Circuit Co., Ltd. Class A

Shennan Circuit Co., Ltd. Class A

SSZSE:002916
282.98
CNY
-1.32
(-0.46%)
311.91BMarket Cap
Mar 12Next Earn
Shennan Circuit Co., Ltd. Class A
SZSE:002916
(Shenzhen Stock Exchange)

Recent

price

282.98

P/E

ratio

- -

div

yld

0.88%

ROIC.AI

2009
2010
2011
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.62
3.6
4.76
5.72
7.95
7.67
10.06
12.38
12.46
17.21
18.72
21.88
21.12
20.32
34.91
35.44
- -
Revenue per Share
0.25
0.33
0.3
0.37
0.42
0.35
0.6
0.98
1.14
2.02
2.31
2.32
2.48
2.1
3.66
4.91
- -
Basic EPS, GAAP
0.11
0.01
-0.54
- -
-0.83
-0.63
0.69
0.94
-0.5
-1.5
-1.11
-0.5
-0.3
-0.99
0.89
0.11
- -
Free Cash Flow per Basic Share
0.05
0.1
0.21
0.26
0.22
0.28
0.29
0.42
0.34
0.45
0.73
0.85
0.85
0.88
1.06
1.27
2.5
Dividend per Share
1.46
1.82
2.01
2.53
2.83
2.96
3.44
5.18
6.09
8.1
11.7
13.39
18.38
19.77
21.92
25.72
26.47
Book Value per Share
1.42
1.74
1.81
2.26
2.56
2.53
2.8
4.71
5.63
7.62
11.19
12.75
17.54
18.96
21.04
24.76
25.42
Tangible Book Value per Share
459
459
459
460
458
459
457
459
610
612
620
637
663
666
513
667
666
Basic Weighted Avg Shares
1,203
1,651
2,181
2,628
3,638
3,519
4,599
5,687
7,602
10,524
11,600
13,943
13,992
13,526
17,907
23,647
- -
Sales/Revenue/Turnover
11.19
11.55
5.49
8.79
7.21
5.55
8.41
11.24
12.18
15.08
16.35
13.62
13.44
11.91
12.88
17.14
- -
Operating Margin (%)
81
99
186
- -
176
233
298
325
366
448
606
813
1,021
1,228
1,456
1,629
- -
Depreciation Expense
116
152
140
168
191
162
274
448
697
1,233
1,430
1,481
1,641
1,398
1,878
3,276
- -
Net Income, GAAP
15.11
12.6
7.79
11.04
10.45
8.89
9.91
11.01
10.19
12.09
10.87
7.98
4.59
0.05
7.15
9.53
- -
Effective Tax Rate (%)
9.62
9.19
6.41
6.41
5.24
4.6
5.96
7.88
9.17
11.71
12.33
10.62
11.73
10.34
10.48
13.85
- -
Profit Margin (%)
-55
3
112
-108
-135
-601
-90
1,096
715
1,307
995
1,323
1,869
2,172
3,365
3,630
3,223
Working Capital
100
120
505
263
465
978
1,285
1,096
1,041
2,250
1,103
1,401
1,200
2,426
2,581
2,727
5,811
LT Debt
670
833
923
1,210
1,563
1,356
1,578
3,168
3,727
5,003
7,444
8,520
12,255
13,187
14,646
17,181
18,063
Total Equity
9.42
12.33
4.5
6.46
6.42
3.31
7.56
11.18
13.93
18.89
16.89
14.87
12.82
8.99
11.07
17.11
- -
Return on Invested Capital (%)
12.14
14.22
11.28
10.86
11.41
9.32
12.36
13.03
15.07
19.66
17.77
15.56
13.41
9.36
11.37
17.29
- -
Return on Capital (%)
18.89
20.18
15.91
16.18
15.52
12.18
18.69
18.88
20.23
28.25
22.99
18.56
15.81
10.99
13.51
20.62
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
831
743
2,211
LT Borrowings
2,679
3,043
5,717
LT Finance Leases
48
75
94
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
667
681
681
Market Capitalization
154,877
149,523
311,906

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,654
15,564
19,283
Cash, Cash Equivalents & STI
998
1,149
2,202
Accounts Receivable, Net
5,250
5,849
7,292
Inventories
5,140
6,501
7,817
Total Current Liabilities
10,024
12,434
16,060
Payables & Accruals
- -
- -
- -
ST Debt
831
743
2,211
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.21%
18.85%
17.31%
Free Cash Flow
-27.51%
-22.13%
-84%
Net Income, GAAP
38.98%
21.67%
74.47%
Sales/Revenue/Turnover
21.84%
16.33%
32.05%
Total Cash Common Dividend
23.06%
15.15%
55.6%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,961
4,360
4,728
4,858
17,907
2025
4,783
5,671
- -
6,893
23,647
2026
6,596
8,701
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.57
0.91
0.75
0.58
3.66
2025
0.96
1.3
- -
1.42
4.91
2026
1.28
2.1
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.72
0.03
0.03
1.06
2025
0.04
1.19
- -
0.03
1.27
2026
0.03
2.45
- -
- -
- -
Business
Shennan Circuit Company Limited specializes in the design, manufacture, and marketing of electronic interconnection products with a focus on printed circuit boards (PCBs), packaging substrates, and electronic assembly services. The company offers a broad product portfolio including high and medium-end PCBs, packaging substrates for semiconductor applications, and surface-mount technology (SMT) product assembly services. Its manufacturing capabilities encompass the entire production cycle from initial sample development to small and medium batch runs and large-scale mass production. Shennan Circuit operates advanced manufacturing facilities across China and maintains branch offices in the US and Europe to provide technical and sales support globally. The company serves diverse industries such as automotive, 5G telecommunications, Internet of Things (IoT), medical devices, and heavy industrial applications. Founded in 1984 and headquartered in Shenzhen, China, Shennan Circuit pursues a unique “3-In-One” business strategy integrating printed circuit boards, packaging substrates, and electronic assembly. It has established itself as a leading enterprise in China’s PCB industry and a pioneer in packaging substrates. The company is recognized as a key high-tech enterprise under China’s Torch Program and holds national technological innovation demonstration and enterprise technology center status within the PCB sector. Recent major developments include a notable increase in revenue by 32.4% year-over-year in fiscal 2024 to RMB 17.9 billion, driven by strong demand in AI-related products and expanding capacity utilization at its Guangzhou factory. Shennan Circuit is ramping up production capacity amid rising material costs and strategic investments. It has also maintained a stable gross profit margin improvement in core segments such as PCBs and packaging substrates. Additionally, Shennan Circuit has engaged in strategic cooperation agreements to enhance its technology offerings, including partnerships for intelligent equipment and high-precision machining to support 5G product mass production. The company continues to emphasize innovation and operational scale expansion to capitalize on growing markets like data centers, automotive electronics, and AI applications. Shennan Circuit’s products are categorized into three main segments: printed circuit board assembly, packaging substrates, and printed circuit boards, enabling it to provide end-to-end solutions across the electronic interconnection value chain. This comprehensive approach supports diverse customer needs from prototype through to volume production, positioning the company as a world-class technology and solution integrator in the electronics manufacturing industry. Its geographic operations span primarily China with growing international presence via its overseas offices catering to a global customer base. Overall, Shennan Circuit Company Limited leverages advanced manufacturing technologies, strategic partnerships, and product innovation to sustain its leadership in the PCB and packaging substrate markets while expanding its electronic assembly capabilities to serve high-growth sectors worldwide.