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    Producer manufacturing

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    Electrical products
Guizhou Taiyong-Changzheng Technology Co., Ltd. Class A

Guizhou Taiyong-Changzheng Technology Co., Ltd. Class A

SSZSE:002927
14.82
CNY
-0.08
(-0.54%)
-0.03EPS
4.34BMarket Cap
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
1.8
1.9
1.94
1.84
1.61
2.7
3.51
4.28
4.07
4.72
4.06
3.14
3.93
Basic EPS, GAAP
0.39
0.33
0.38
0.39
0.34
0.33
0.38
0.43
0.31
0.32
0.17
-0.02
-0.03
Free Cash Flow per Basic Share
0.05
- -
0.13
0.01
-0.06
0.11
-0.13
0.09
0.07
0.35
0.4
-0.02
- -
Dividend per Share
- -
0.63
- -
0.1
0.08
0.07
0.17
0.13
0.13
0.13
0.19
0.04
0.05
Book Value per Share
1.4
1.52
1.91
2.21
3.31
3.58
3.8
4.14
4.35
4.56
4.54
4.46
4.56
Tangible Book Value per Share
1.29
1.44
1.83
2.15
3.27
3.32
3.52
3.88
4.1
4.32
4.31
4.3
4.4
Basic Weighted Avg Shares
141
160
167
178
216
223
222
223
220
220
220
269
221
Sales/Revenue/Turnover
254
304
324
329
347
601
779
953
896
1,038
892
845
869
Operating Margin (%)
24.2
19.59
22.57
24.68
23.98
16.57
15.89
12.31
10.83
8.8
5.11
3.15
3.99
Depreciation Expense
7
8
8
8
7
11
16
17
21
22
22
25
- -
Net Income, GAAP
56
53
63
70
73
74
84
96
68
70
37
-5
-7
Effective Tax Rate (%)
12.1
10.12
15.08
12.28
13.67
11.11
9.44
1.48
6.45
6.82
0.65
- -
- -
Profit Margin (%)
21.88
17.59
19.58
21.19
21.06
12.23
10.81
10.05
7.62
6.77
4.19
-0.64
-0.75
Working Capital
132
189
254
303
650
651
652
675
658
699
614
606
623
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
5
5
Total Equity
199
254
317
369
735
842
915
990
1,034
1,084
1,013
996
1,017
Return on Invested Capital (%)
- -
21.52
20.94
19.53
12.68
11.29
11.89
12.57
7.22
7.46
4.17
- -
- -
Return on Capital (%)
- -
23.41
22.18
19.76
13.16
8.11
7.54
8.87
6.4
5.96
3.21
- -
- -
Return on Common Equity (%)
- -
23.6
22.19
20.3
13.26
9.63
10.26
10.81
7.21
7.08
3.68
-0.54
-0.64

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
58
27
168
LT Borrowings
- -
- -
- -
LT Finance Leases
5
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
223
223
223
Market Capitalization
4,482
3,877
4,341

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,103
1,134
1,283
Cash, Cash Equivalents & STI
148
162
163
Accounts Receivable, Net
541
549
568
Inventories
256
278
278
Total Current Liabilities
497
515
661
Payables & Accruals
- -
- -
- -
ST Debt
58
27
168
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.31%
1.86%
-1.63%
Free Cash Flow
2,011.17%
24.08%
-106.03%
Net Income, GAAP
-12.46%
-34.65%
-114.4%
Sales/Revenue/Turnover
12.94%
2.58%
-5.22%
Total Cash Common Dividend
- -
-10.19%
-72.62%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
219
215
250
208
892
2025
194
254
- -
193
845
2026
193
230
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.1
0.07
-0.07
0.17
2025
0.06
0.05
- -
-0.17
-0.02
2026
0.05
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.14
- -
0.05
0.19
2025
- -
0.05
- -
- -
0.04
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zheng Qian Huang
Full Time Employees
1,162
Sector
Producer manufacturing
Industry
Electrical products
Address
Waigaoqiao Industrial Park Zunyi GZ China 563000
IPO Date
Feb 23, 2018
Website
taiyong.net
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Business
Guizhou Taiyong-Changzheng Technology Co., Ltd. manufactures and sells low-voltage electrical equipment and provides smart power transforming, distribution, and charging solutions in China. The company offers automatic transfer switching equipment (ATSE), frame circuit breakers, molded case circuit breakers, miniature circuit breakers, surge protectors, vacuum circuit breakers, medium and low voltage power transfer switches, smart cloud transformers, oil-immersed transformers, dry-type transformers, charging piles, distribution and lighting boxes, firefighting systems, power distribution management systems, digital home systems, cloud fire management systems, industrial control products, distribution network equipment, new energy charging equipment, and the TYT FUTURE intelligent energy efficiency management cloud platform. Founded in 2008 and headquartered in Zunyi, Guizhou province, it operates primarily in the domestic market, serving industries such as rail transportation, airports, hospitals, highways, finance, petrochemicals, power grids, telecommunications, energy, real estate construction, data communications, public buildings, industrial manufacturing, new energy, and smart buildings; it maintains long-term partnerships with State Grid, Southern Power Grid, and top real estate developers including China Overseas, Longfor, and Country Garden, and is a subsidiary of Shenzhen Yongtai Technology Co., Ltd.. In late 2024, the company completed the acquisition of a 35% stake in Chongqing Yuantong Electric Appliances Equipment Manufacturing Co., Ltd. from Chongqing Yongneng Industry (Group) Co., Ltd. and Chongqing Zhanfan Power Engineering Survey, Design and Consulting Co., Ltd. for CNY 66.7 million, increasing its ownership to 100% in the electric appliances manufacturer. It continues to advance solid-state transformers in application validation and market research stages, phase-shifting transformers in prototype development, and solid-state circuit breakers up to 2500A for rail transit, marine, and military applications as of November 2025. The company, formerly Guizhou Changzheng Switch Manufacturing Co., Ltd. until its name change in October 2015, employs 1,299 people and focuses on high-end low-voltage electrical innovation with core patents and standards contributions.