Dongguan Aohai Technology Co., Ltd. Class A

Dongguan Aohai Technology Co., Ltd. Class A

SSZSE:002993
29.54
CNY
+0.85
(+2.96%)
19.77BMarket Cap
Oct 29Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.48
6.57
9.44
13.11
15.04
18.02
17.96
18.66
23.21
26.08
- -
Basic EPS, GAAP
1.02
0.29
0.65
1.25
1.68
1.45
1.76
1.59
1.68
1.54
- -
Free Cash Flow per Basic Share
0.63
0.1
0.19
0.86
1.93
-0.74
1.03
0.77
-0.3
2.56
- -
Dividend per Share
0.3
0.41
- -
0.01
0.01
0.23
0.2
0.6
1.22
1.53
1.26
Book Value per Share
2.31
2.54
3.18
4.45
9.43
10.63
16.55
17.29
17.81
17.51
16.92
Tangible Book Value per Share
2.18
2.3
2.92
4.07
9.15
10.13
15.85
16.59
17.12
16.83
16.25
Basic Weighted Avg Shares
156
175
176
177
196
236
249
277
277
274
272
Sales/Revenue/Turnover
1,012
1,153
1,661
2,316
2,945
4,245
4,467
5,174
6,423
7,154
- -
Operating Margin (%)
18.59
9.61
7.48
11.33
13.92
8.98
10.62
9.24
7.96
7.32
- -
Depreciation Expense
8
12
17
25
35
69
112
149
204
243
- -
Net Income, GAAP
160
51
114
222
329
342
438
441
465
422
- -
Effective Tax Rate (%)
19.1
18.44
10.31
13.55
11.99
10.34
10.56
11.02
13.87
9.06
- -
Profit Margin (%)
15.8
4.45
6.85
9.57
11.17
8.04
9.8
8.52
7.24
5.9
- -
Working Capital
317
258
283
404
1,618
1,468
3,214
3,003
2,907
2,663
2,530
LT Debt
- -
- -
- -
9
9
12
27
41
114
62
31
Total Equity
407
447
561
784
2,216
2,501
4,624
4,861
5,010
4,978
4,855
Return on Invested Capital (%)
- -
12.2
24.59
35.46
22.67
14.7
12.31
9.12
9.27
8.75
- -
Return on Capital (%)
- -
12.38
22.49
32.71
21.83
14.42
11.95
9.1
9.04
6.95
- -
Return on Common Equity (%)
- -
12
22.56
32.94
21.93
14.49
12.38
9.44
9.59
8.66
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
617
868
3,090
LT Borrowings
36
- -
- -
LT Finance Leases
26
35
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
276
276
276
Market Capitalization
12,066
12,643
19,767

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,254
7,986
9,892
Cash, Cash Equivalents & STI
3,808
3,764
3,559
Accounts Receivable, Net
1,906
1,992
3,759
Inventories
940
1,593
2,173
Total Current Liabilities
4,591
5,302
7,362
Payables & Accruals
- -
- -
- -
ST Debt
617
868
3,090
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21.06%
-0.64%
Free Cash Flow
- -
-298.69%
-944.64%
Net Income, GAAP
- -
5.8%
-9.14%
Sales/Revenue/Turnover
- -
20.14%
11.38%
Total Cash Common Dividend
- -
569.72%
24.31%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,363
1,598
1,585
1,877
6,423
2025
1,442
1,749
- -
1,966
7,154
2026
1,477
6,446
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.44
0.4
0.25
0.6
1.68
2025
0.45
0.41
- -
0.24
1.54
2026
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.62
0.01
0.61
1.22
2025
- -
0.92
- -
0.62
1.53
2026
- -
0.64
- -
- -
- -

Company Description

CEO
Hao Liu
Full Time Employees
7,955
Sector
Distribution services
Industry
Wholesale distributors
Address
No. 27 Shaxin Road Dongguan GD China 523723
IPO Date
Aug 17, 2020
Business
Dongguan Aohai Technology Co., Ltd. specializes in the design, research, development, production, and sales of consumer electronics products predominantly in the energy-efficient power supply sector. Its core product portfolio includes smart terminal power supplies such as wired and wireless chargers, power adapters, fast chargers including GaN technology-based models, mobile power banks, smart plugs, and power strips. The company also manufactures power supplies for server hardware including AI host and AI PC power units, motor controllers, battery management systems, vehicle controllers, domain controllers, inverters, charging stations (DC and AC), on-board chargers, DC-DC converters, vehicle power modules, and photovoltaic/energy storage inverters. These products serve a broad range of applications including smartphones, tablets, laptops, smart home devices, artificial intelligence equipment, power tools, and new energy vehicles. Founded in 2004 and headquartered in Dongguan, China, Dongguan Aohai Technology operates seven manufacturing bases across China (Dongguan, Jiangxi, Wuhan, Hainan) and internationally in India, Indonesia, and Vietnam, supporting a global manufacturing and supply chain footprint. The company boasts a robust R&D team of nearly 900 members and holds over 730 patents, underpinned by extensive vertical supply chain integration including electrolytic capacitors, plastic casings, and planar transformers manufacturing capabilities. Recent major developments include the successful launch of four high-specification server power supplies tailored for AI hosts and AI PCs, enhancing its leading position in the high-efficiency server power supply market. In 2024, Aohai captured nearly 18% of the global market share for smartphone chargers, maintaining a world-leading position. The company also completed an equity share buyback in 2025 and continues strengthening its local and international manufacturing capabilities to improve product cost advantages and quality. The intelligent manufacturing execution system (MES) employed ensures full-process traceability and maintains an average first-pass yield exceeding 99%. Dongguan Aohai Technology is recognized as a national high-tech enterprise that focuses on intelligent IoT device charging and storage, new energy vehicle electronic power control systems, and digital energy solutions. It serves diverse markets globally, including North America, South America, Europe, Southeast Asia, Africa, Oceania, and the Middle East, supporting both consumer electronics and industrial applications. Overall, Dongguan Aohai Technology Co., Ltd. is positioned as a leading global provider of advanced power supply and energy-efficient applications, supported by strong R&D, broad geographic manufacturing footprint, and ongoing innovation in smart power solutions tailored to next-generation electronics and AI hardware markets.