Jiangsu Zhongtian Technology Co Ltd

Jiangsu Zhongtian Technology maintains a conservative capital structure with a debt-to-equity ratio of 0.09 and a current ratio of 2.12, indicating strong short-term liquidity coverage. The company holds total equity of 37.52 billion CNY against total liabilities of 24.59 billion CNY. Despite the low leverage, the risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, suggesting reliance on operating cash flows to service obligations. The firm generated 4.75 billion CNY in operating cash flow, which comfortably covers the 1.62 billion CNY in capital expenditures, resulting in 1.59 billion CNY in free cash flow.

Profitability metrics show a return on equity of 7.37% and a return on assets of 4.45%. The company reported net income of 2.90 billion CNY on revenue of 52.50 billion CNY, yielding a net margin of approximately 5.5%. Operating income stood at 3.43 billion CNY, reflecting an operating margin of roughly 6.5%. Without cohort median data for direct comparison, these returns must be evaluated against the broader telecommunications and electrical equipment sectors, where capital intensity often suppresses ROA. The gross profit of 7.12 billion CNY indicates a gross margin of approximately 13.6%, suggesting a business model with moderate input cost pressures or competitive pricing dynamics.

The provided data does not include specific segment or geographic revenue breakdowns. Consequently, revenue concentration risks cannot be quantified from the available inputs. The company’s activity is broadly defined as Integrated Telecommunications Services, but without detailed segment reporting, the specific drivers of the 52.50 billion CNY in revenue remain aggregated. Analysts may need to refer to primary filings for granular exposure to domestic versus international markets or specific product lines within the telecommunications infrastructure space.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current revenue base of 52.50 billion CNY provides a large scale for operations, but year-over-year growth rates cannot be calculated from the single-period snapshot. The stability of the share count, with 3.41 billion basic and diluted shares outstanding, suggests no recent significant equity issuances or buybacks that would distort per-share metrics. The lack of historical trend data prevents a definitive assessment of whether the company is in a high-growth, mature, or declining phase.

Risk factors include medium liquidity risk and low dilution risk. The key flag regarding negative net cash after debt subtraction highlights a balance sheet that is not entirely cash-rich, despite the low debt-to-equity ratio. The dilution risk is assessed as low, supported by the identical basic and diluted share counts, indicating no significant outstanding options or convertible securities that would immediately impact earnings per share. The company’s valuation multiples are elevated, with a P/E of 58.33 and an EV/EBITDA of 53.45, which may reflect high growth expectations or a niche market position, but also introduces valuation risk if earnings growth does not materialize.

Recent observations from investor relations data show strong analyst sentiment, with a mean recommendation of 1.43 (where 1 is strong buy). There are 4 strong buy ratings and 3 buy ratings, with no hold ratings recorded. The mean price target is 49.60 CNY, implying a modest upside from the current market price of 47.27 CNY. The median price target is 49.05 CNY, with a high target of 73.30 CNY and a low of 26.40 CNY, indicating a wide dispersion in analyst views on the company’s future potential.

Revenue grew 9.3% year-over-year to CNY 52.5 billion in FY2026, demonstrating strong top-line expansion momentum.

Return on equity of 7.37% exceeds the 5.68% cohort median, indicating superior capital efficiency relative to peers.

Debt-to-equity ratio of 0.09 is significantly lower than the 0.46 cohort median, reflecting a conservative leverage profile.

Cash conversion ratio of 1.72 surpasses the 1.43 cohort median, highlighting robust operational cash generation capabilities.

Analysts assign a strong buy recommendation with a mean price target of CNY 49.60, suggesting positive market sentiment.

Net margin of 5.09% falls below the 5.81% cohort median, suggesting limited bottom-line performance relative to competitors.

Net income growth slowed to just 2.3% year-over-year in FY2026, signaling decelerating earnings momentum.

Free cash flow declined 0.8% year-over-year to CNY 1.59 billion, showing slight deterioration in cash generation.

The company faces a medium liquidity risk flag, which could constrain financial flexibility during market stress periods.

Revenue ¥14.53B, +5,7% YoY; Operating income +12,4% YoY.

• ▍Revenue ¥14.53B, +5,7% YoY
• ▍Operating income +12,4% YoY
• ▍Net income +7,0% YoY
• ▍Net margin 3.9%

Revenue ¥13.74B; Operating income ¥560.3M.

• ▍Revenue ¥13.74B
• ▍Operating income ¥560.3M
• ▍Net margin 3.8%

Revenue ¥12.90B; Operating income ¥994.3M.

• ▍Revenue ¥12.90B
• ▍Operating income ¥994.3M
• ▍Net margin 6.6%

Revenue ¥13.17B; Operating income ¥899.8M.

• ▍Revenue ¥13.17B
• ▍Operating income ¥899.8M
• ▍Net margin 6.3%

Revenue ¥52.50B, +9,2% YoY; Operating income +6,3% YoY.

• ▍Revenue ¥52.50B, +9,2% YoY
• ▍Operating income +6,3% YoY
• ▍Net income +2,3% YoY
• ▍Free cash flow −0,8% YoY
• ▍Net margin 5.5%

Revenue ¥48.05B, +6,6% YoY; Operating income −15,0% YoY.

• ▍Revenue ¥48.05B, +6,6% YoY
• ▍Operating income −15,0% YoY
• ▍Net income −8,9% YoY
• ▍Free cash flow −0,6% YoY
• ▍Net margin 5.9%

Revenue ¥45.07B, +11,9% YoY; Operating income −2,7% YoY.

• ▍Revenue ¥45.07B, +11,9% YoY
• ▍Operating income −2,7% YoY
• ▍Net income −3,0% YoY
• ▍Free cash flow −20,7% YoY
• ▍Net margin 6.9%

Revenue ¥40.27B, −13,1% YoY; Operating income +1 305,2% YoY.

• ▍Revenue ¥40.27B, −13,1% YoY
• ▍Operating income +1 305,2% YoY
• ▍Net income +1 664,0% YoY
• ▍Free cash flow +713,9% YoY
• ▍Net margin 8.0%

Revenue ¥46.34B; Operating income ¥277.9M.

• ▍Revenue ¥46.34B
• ▍Operating income ¥277.9M
• ▍Net margin 0.4%