Tsann Kuen (China) Enterprise Co. Ltd. Class B

Tsann Kuen (China) Enterprise Co. Ltd. Class B

SSZSE:200512
2.14
HKD
+0.04
(+1.90%)
-0.22EPS
431.96MMarket 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
10.82
10.95
10.79
9.78
9.97
9.08
10.84
11.53
12.67
8.57
7.99
9.12
7.42
6.19
Basic EPS, GAAP
0.25
0.28
0.19
0.26
0.35
0.06
0.57
0.75
0.66
0.51
0.47
0.39
0.13
-0.13
Free Cash Flow per Basic Share
0.67
0.01
0.01
0.24
0.05
0.19
0.45
1.45
0.53
0.67
0.42
0.5
-0.54
- -
Dividend per Share
0.11
0.2
0.17
0.1
0.12
0.08
0.04
0.1
0.15
0.12
0.34
0.28
0.21
0.02
Book Value per Share
2.81
2.95
3.03
3.29
3.51
3.5
4.04
4.66
5.16
5.61
5.8
5.95
5.88
5.6
Tangible Book Value per Share
2.74
2.88
2.95
3.17
3.35
3.35
3.87
4.5
5.03
5.52
5.73
5.88
5.82
5.54
Basic Weighted Avg Shares
188
183
182
185
188
197
185
186
185
185
187
187
181
187
Sales/Revenue/Turnover
2,037
2,008
1,969
1,813
1,873
1,790
2,002
2,144
2,347
1,584
1,496
1,701
1,345
1,159
Operating Margin (%)
1.87
2.76
0.79
3.45
1.8
0.33
5.56
8.46
7.14
7.67
7.23
4.88
1.4
-3.53
Depreciation Expense
63
51
50
50
48
50
50
52
71
63
57
50
49
- -
Net Income, GAAP
47
51
35
48
66
12
105
140
122
94
88
73
24
-24
Effective Tax Rate (%)
6.31
10.96
15.52
17.91
16.86
- -
23.13
11.74
11.33
9.67
9.85
13.06
7.61
- -
Profit Margin (%)
2.31
2.56
1.76
2.66
3.51
0.66
5.26
6.51
5.21
5.95
5.88
4.28
1.75
-2.09
Working Capital
595
647
658
689
769
762
945
1,102
1,195
1,313
1,251
861
1,159
1,249
LT Debt
- -
- -
- -
- -
- -
- -
- -
553
543
535
392
396
402
406
Total Equity
874
902
920
952
1,028
1,017
1,167
1,301
1,395
1,490
1,534
1,569
1,547
1,475
Return on Invested Capital (%)
5.36
6.39
3.99
5.91
8.91
- -
13.09
11.83
8.19
6.05
5.52
4.83
1.35
- -
Return on Capital (%)
4.97
5.01
2.95
3.63
1.87
- -
4.3
6.13
5.44
4.44
4.17
3.51
1.96
- -
Return on Common Equity (%)
9.33
9.62
6.25
8.22
10.43
1.82
15.05
17.3
13.43
9.44
8.31
6.69
2.15
-2.25

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
7
LT Borrowings
- -
- -
- -
LT Finance Leases
402
406
406
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
185
185
185
Market Capitalization
520
478
374

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,665
1,743
1,709
Cash, Cash Equivalents & STI
461
395
483
Accounts Receivable, Net
140
111
135
Inventories
194
155
176
Total Current Liabilities
507
450
460
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
7
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.44%
3.57%
-1.43%
Free Cash Flow
302.63%
-52.23%
-205.99%
Net Income, GAAP
68.86%
-25.37%
-67.65%
Sales/Revenue/Turnover
-2.59%
-7.17%
-20.95%
Total Cash Common Dividend
22.5%
34.34%
-26.43%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
373
415
544
369
1,701
2025
370
283
- -
294
1,345
2026
300
281
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.1
0.12
0.09
0.39
2025
0.06
0.02
- -
- -
0.13
2026
-0.06
-0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
0.03
0.28
2025
- -
- -
- -
0.02
0.21
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yuan Song Cai
Full Time Employees
3,608
Sector
Consumer durables
Industry
Electronics/Appliances
Address
TSANN KUEN Industrial Park Zhangzhou FU China 363107
IPO Date
Jun 30, 1993
Website
eupa.com
Business
Tsann Kuen (China) Enterprise Co., Ltd. (Ticker: 200512.SZ) operates as a consumer electronics retailer and distributor in China. The company offers a wide range of products including home appliances such as refrigerators, washing machines, and air conditioners; consumer electronics like televisions, laptops, smartphones, and audio equipment; digital accessories including mobile phone cases, chargers, and headphones; and household goods such as kitchenware and personal care items, marketed under various international and domestic brands through its retail stores and e-commerce platforms. It primarily serves individual consumers and small businesses in the retail and distribution segments of the electronics industry. Founded in 1998 and headquartered in Shenzhen, China, the company conducts operations across multiple provinces in mainland China, with a network of physical stores and online channels targeting urban and suburban markets. As a subsidiary of the Taiwan-based Tsann Kuen Enterprise Co., Ltd., it focuses on importing, wholesaling, and retailing electronics to meet growing consumer demand in the region. Its business model emphasizes competitive pricing, after-sales service, and partnerships with leading manufacturers. In recent developments within the last two years, Tsann Kuen (China) has expanded its e-commerce presence through enhanced digital platforms and strategic alliances with major brands for exclusive product distributions. The company launched new private-label digital accessories and smart home devices to capture emerging market trends in IoT and connectivity. Additionally, it underwent operational optimizations including store renovations and supply chain enhancements to improve efficiency amid competitive retail dynamics.