1. China Stocks

  2. •

    Consumer durables

  3. •

    Electronics/Appliances
Changhong Meiling Co., Ltd. Class A

Changhong Meiling Co., Ltd. Class A

2.73
HKD
-0.04
(-1.44%)
5.24BMarket Cap
Oct 27Next Earn
Changhong Meiling Co., Ltd. Class A
SZSE:200521
(Shenzhen Stock Exchange)

Recent

price

2.73

P/E

ratio

- -

div

yld

8.18%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
9.28
7.92
6.82
7.73
7.89
7.88
8.65
9.01
9.37
8.87
8.25
9.67
10.95
13.25
15.55
16.57
- -
Revenue per Share
0.37
0.09
0.14
0.2
0.22
0.02
0.15
0.02
0.02
0.03
-0.05
0.03
0.13
0.4
0.38
0.22
- -
Basic EPS, GAAP
0.28
-0.56
0.19
0.34
0.06
0.1
0.59
-0.58
-0.46
0.51
0.56
-0.05
0.64
0.98
1.98
0.24
- -
Free Cash Flow per Basic Share
0.02
0.03
0.03
0.03
0.05
0.04
0.05
0.06
0.07
0.08
0.06
0.05
0.05
0.06
0.18
0.2
0.19
Dividend per Share
1.99
2.05
2.17
2.34
2.51
2.55
2.73
2.71
2.69
2.68
2.6
2.59
2.81
3.29
3.31
3.31
3.19
Book Value per Share
1.47
1.55
1.68
1.89
2.07
2.07
2.38
2.25
2.19
2.13
2.06
2.03
2.26
2.74
2.73
2.66
2.52
Tangible Book Value per Share
887
1,137
1,364
1,364
1,364
1,364
1,448
1,865
1,866
1,867
1,866
1,865
1,846
1,840
1,840
1,835
1,217
Basic Weighted Avg Shares
8,227
9,004
9,307
10,539
10,765
10,754
12,527
16,797
17,490
16,553
15,388
18,033
20,215
24,378
28,601
30,408
- -
Sales/Revenue/Turnover
0.01
-0.66
0.7
1.99
1.98
0.32
0.26
-0.08
0.52
0.42
-0.75
-0.12
1.81
3.27
2.79
1.59
- -
Operating Margin (%)
158
196
140
173
161
177
179
191
238
310
363
378
388
398
414
452
- -
Depreciation Expense
326
107
192
274
295
27
220
32
39
56
-86
52
245
736
699
410
- -
Net Income, GAAP
13.34
20.74
30.6
9.79
19.29
33.96
11.65
36.25
- -
37.64
- -
2.71
3.34
4.53
10.93
21.48
- -
Effective Tax Rate (%)
3.96
1.18
2.07
2.6
2.74
0.25
1.76
0.19
0.22
0.34
-0.56
0.29
1.21
3.02
2.44
1.35
- -
Profit Margin (%)
1,293
1,292
1,458
1,733
1,904
1,989
3,435
3,089
2,194
2,088
1,139
1,043
1,522
1,860
776
561
1,094
Working Capital
15
13
131
10
19
243
39
253
2
401
193
201
176
137
102
226
238
LT Debt
2,746
2,854
2,981
3,208
3,438
3,512
5,166
5,157
5,127
5,112
4,962
4,995
5,539
6,431
6,476
6,491
6,287
Total Equity
5.07
-0.7
2.23
7.56
6.6
1.76
3.6
0.51
- -
0.59
- -
1.26
4.44
11.08
9.9
5.98
- -
Return on Invested Capital (%)
13.63
3.09
6.58
7.79
8.27
1.25
4.89
1.07
- -
1.78
- -
1.13
3.43
10
8.88
5.37
- -
Return on Capital (%)
16.12
3.87
6.68
8.92
8.91
0.79
5.14
0.64
0.77
1.13
-1.74
1.07
4.89
13.1
11.51
6.74
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
856
960
862
LT Borrowings
111
135
135
LT Finance Leases
114
108
103
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,840
1,840
1,840
Market Capitalization
6,745
6,395
4,537

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,921
16,995
21,582
Cash, Cash Equivalents & STI
10,187
9,698
11,929
Accounts Receivable, Net
2,015
3,312
4,648
Inventories
2,080
2,290
2,448
Total Current Liabilities
15,360
16,223
20,488
Payables & Accruals
- -
- -
- -
ST Debt
856
960
862
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.17%
5.72%
0.23%
Free Cash Flow
-124.41%
-263.3%
-88.1%
Net Income, GAAP
80.58%
73.03%
-41.31%
Sales/Revenue/Turnover
11.58%
14.7%
6.32%
Total Cash Common Dividend
29.75%
40.9%
10.23%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,946
9,008
7,810
5,843
28,601
2025
7,360
10,711
- -
5,015
30,408
2026
7,323
8,813
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.25
0.11
0.16
0.38
2025
0.1
0.23
- -
-0.08
0.22
2026
0.04
-0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.3
0.01
0.01
0.18
2025
- -
0.34
- -
0.01
0.2
2026
- -
0.22
- -
- -
- -
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Business
Changhong Meiling Co., Ltd. (000521.SZ) manufactures and sells household appliances, primarily refrigerators, freezers, air conditioners, and washing machines; its product portfolio includes household, commercial, and medical series refrigerators and freezers, ultra-low temperature freezers, front-load and top-load washing machines, dryers, washer-dryer combos, kitchen and bathroom appliances, small household appliances, and biomedical low-temperature equipment. The company operates through four main segments: Air Conditioning Business; Refrigerator, Freezer, and Washing Machine Business; Small Household Appliances Business; and Others, serving consumer, commercial, and biomedical markets primarily in China and internationally with manufacturing bases in Hefei, Mianyang, Jingdezhen, Zhongshan, Indonesia, and Pakistan. Founded in 1983 and headquartered in Hefei, Anhui Province, China, the company, formerly known as Hefei Meiling Co., Ltd., changed its name to Changhong Meiling Co., Ltd. in July 2018 following integration with affiliates of China National Changhong Electric Co., Ltd.; recently, its wholly-owned subsidiary Sichuan Changhong Air Conditioning Co., Ltd. approved a RMB 12.5784 million self-funded technical renovation project in November 2025 to enhance production capabilities, while continuing emphasis on smart appliances, energy-efficient models, and IoT-integrated products launched in recent years amid expansions in overseas markets.