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  3. •

    Electronics/Appliances
Chengdu Rainbow Appliance (Group) Shares Co., Ltd. Class A

Chengdu Rainbow Appliance (Group) Shares Co., Ltd. Class A

SSZSE:003023
21.91
CNY
+1.22
(+5.90%)
0.72EPS
28.88P/E
2.05BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.38
10.57
13.55
12.77
13.46
10.84
11.19
12.28
12.36
10.86
12.49
Basic EPS, GAAP
0.92
0.99
1.76
1.07
1.42
1.05
0.9
0.99
1.04
0.6
0.67
Free Cash Flow per Basic Share
1.38
0.21
1.33
-0.21
2.04
0.14
0.48
2.45
0.29
-0.64
- -
Dividend per Share
0.42
0.36
0.38
0.42
0.3
0.31
0.31
0.35
0.4
0.4
0.76
Book Value per Share
6.78
7.43
8.85
9.54
11.94
12.79
13.39
14.03
14.68
14.88
14.76
Tangible Book Value per Share
5.89
6.56
7.99
8.7
11.33
12.19
12.81
13.43
14.11
14.34
14.22
Basic Weighted Avg Shares
79
79
79
79
79
106
105
105
105
105
105
Sales/Revenue/Turnover
820
837
1,071
1,006
1,065
1,144
1,177
1,294
1,302
1,144
1,316
Operating Margin (%)
11.34
11.64
15.55
10.2
13
10.14
8.73
8.53
8.86
6.18
6.72
Depreciation Expense
19
19
21
24
24
30
30
30
33
36
- -
Net Income, GAAP
72
79
139
84
113
111
95
104
110
64
71
Effective Tax Rate (%)
16.34
15.33
14.46
13.83
14.62
12.98
13.33
13.08
13.07
15.8
18.6
Profit Margin (%)
8.82
9.39
13
8.38
10.57
9.69
8.04
8.04
8.42
5.56
5.39
Working Capital
221
270
367
412
914
977
1,009
1,063
1,135
1,170
1,146
LT Debt
- -
1
- -
- -
1
1
1
1
- -
1
- -
Total Equity
569
623
737
793
1,303
1,380
1,442
1,509
1,580
1,606
1,596
Return on Invested Capital (%)
- -
12.68
19.47
11.49
11.09
8.3
6.74
7.11
7.3
4.28
4.79
Return on Capital (%)
- -
11.81
19.24
10.13
10.16
7.94
6.68
6.9
6.9
3.74
4.13
Return on Common Equity (%)
- -
14
21.67
11.61
11.2
8.51
6.87
7.2
7.25
4.09
4.53

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12
12
2
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
105
105
105
Market Capitalization
2,387
2,408
2,048

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,639
1,774
1,605
Cash, Cash Equivalents & STI
984
1,142
988
Accounts Receivable, Net
83
50
51
Inventories
536
548
522
Total Current Liabilities
469
587
460
Payables & Accruals
- -
- -
- -
ST Debt
12
12
2
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
4.28%
1.65%
Free Cash Flow
- -
33.99%
-316.15%
Net Income, GAAP
- -
-8.56%
-41.9%
Sales/Revenue/Turnover
- -
1.76%
-12.07%
Total Cash Common Dividend
- -
13.37%
-0.33%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
315
330
148
508
1,302
2025
262
280
- -
481
1,144
2026
282
272
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.39
-0.07
0.36
1.04
2025
0.3
0.26
- -
0.19
0.6
2026
0.18
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.4
- -
- -
0.4
2025
- -
0.4
- -
0.01
0.4
2026
- -
0.35
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Bin Liu
Full Time Employees
2,699
Sector
Consumer durables
Industry
Electronics/Appliances
Address
No. 73, Shunjiang Section Chengdu SI China 610045
IPO Date
Dec 11, 2020
Website
rainbow.com.cn
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Business
Chengdu Rainbow Appliance (Group) Shares Co., Ltd. manufactures and sells household flexible electric heating products and health appliances primarily in China. The company offers electric blankets including single and double models, four-zone temperature control blankets, timed dual-control blankets with anti-mite features, and wide dual-temperature blankets; heated overblankets, electric heating pads, electric foot warmers, and hand warmers such as insertable glove-style and detachable thick fleece models; electrothermal vaporizing liquids and electric mosquito mats; insecticides like aerosol sprays, cockroach baits, plant essential oil mosquito patches, anti-mold tablets, and mosquito coils; health products including steam eye masks, motherwort abdominal warm patches, neck and shoulder electric hot compresses, waist and abdomen multi-purpose electric hot packs, and graphene far-infrared smart moxibustion boxes; as well as household cleaning products, pet supplies, and smart home products. Chengdu Rainbow Appliance operates mainly in the consumer staples sector, targeting domestic households with heating, pest control, and health solutions; it also engages in raw materials distribution and real estate development. Founded in 1982 and headquartered in Chengdu, China, the company maintains a leading market share in China's electric blanket industry with the Rainbow brand recognized as a well-known trademark. In recent developments, certain A shares remain subject to lock-up agreements ending December 2024, while the 2025 semi-annual report highlights ongoing operational performance amid stable business prospects.