Shenzhen S.C New Energy Technology Corp

Shenzhen S.C New Energy Technology Corp maintains a conservative capital structure with a debt-to-equity ratio of 0.05 and a current ratio of 1.94, indicating strong short-term liquidity coverage. The company holds total assets of 24.85 billion CNY against total liabilities of 11.51 billion CNY, resulting in total equity of 13.33 billion CNY. Long-term debt is minimal at 678.85 million CNY. Despite positive free cash flow of 2.10 billion CNY, operating cash flow is negative at -1.20 billion CNY, driven by capital expenditures of -201.69 million CNY. The risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, suggesting reliance on external financing or working capital management to meet obligations.

Profitability metrics demonstrate strong operational efficiency, with a return on equity of 16.35% and a return on assets of 8.77%. The company generated net income of 2.62 billion CNY on revenue of 15.47 billion CNY, yielding a net margin of approximately 16.9%. Operating income stands at 2.97 billion CNY, reflecting a robust operating margin. Valuation multiples are attractive, with a price-to-earnings ratio of 10.7, a price-to-book ratio of 1.75, and an EV/EBITDA of 9.69. These metrics suggest the market is pricing the company at a discount relative to its earnings power, although the absence of cohort median data prevents direct comparative analysis against industry peers.

Revenue concentration and geographic exposure details are not provided in the available data, limiting the ability to assess segment-specific risks or regional dependencies. The company’s total revenue of 15.47 billion CNY is derived from its core operations in the semiconductor and equipment space, but without segment breakdowns, the specific drivers of this revenue remain opaque. The lack of geographic data also prevents an evaluation of exposure to specific regulatory or economic environments, which is a notable gap in the fundamental analysis.

Growth trajectory analysis is constrained by the absence of historical period data, such as five-year annual or eight-quarter quarterly revenue and net income trends. Consequently, the company’s growth rate, momentum, and consistency over time cannot be quantified from the provided inputs. The current financial snapshot reflects a single normalized period, offering a static view of performance rather than a dynamic trend analysis. This limits the ability to project future growth based on past performance or to identify cyclical patterns in the business.

Risk factors include medium liquidity risk and low dilution risk, with a key flag indicating negative net cash after debt subtraction. The company’s reliance on operating cash flow, which is currently negative, poses a potential challenge to sustaining operations without external funding or asset liquidation. The low dilution risk suggests that share count stability is maintained, with basic and diluted shares outstanding both at 348.29 million. However, the negative operating cash flow warrants monitoring to ensure it does not escalate into a more severe liquidity constraint.

Recent events and market sentiment are reflected in analyst estimates, with a mean price target of 86.15 CNY and a median target of 89.00 CNY, implying upside potential from the current market price of 66.93 CNY. The mean recommendation of 2.54 indicates a moderate buy stance, with three strong-buy and four buy ratings compared to two hold ratings. The high price target of 127.75 CNY and low target of 49.00 CNY suggest a wide dispersion in analyst views, reflecting uncertainty or differing assumptions about the company’s future performance. No specific filing, news, or transcript observations are provided to contextualize these estimates further.

Revenue grew at a 32.3% CAGR over four years, demonstrating strong historical top-line expansion momentum.

Net income CAGR of 38.2% over four years indicates robust profitability growth outpacing revenue expansion.

Debt-to-equity ratio of 0.05 is significantly lower than the cohort median of 0.4, indicating a conservative balance sheet.

Net income fell 5.3% year-over-year in the latest period, confirming weakening profitability despite prior growth.

Cash conversion ratio of -0.55 places the company in the bottom quartile of its peer cohort.

Analysts assign a hold recommendation with a mean price target implying 4.6% downside from current levels.

The company faces a medium level of liquidity risk, which could constrain operational flexibility during downturns.

Revenue ¥1.50B, −63,5% YoY; Operating income −61,5% YoY.

• ▍Revenue ¥1.50B, −63,5% YoY
• ▍Operating income −61,5% YoY
• ▍Net income −61,8% YoY
• ▍Net margin 18.1%

Revenue ¥2.37B, −63,8% YoY; Operating income −115,0% YoY.

• ▍Revenue ¥2.37B, −63,8% YoY
• ▍Operating income −115,0% YoY
• ▍Net income −109,6% YoY
• ▍Net margin -3.0%

Revenue ¥4.73B, −17,3% YoY; Operating income +8,3% YoY.

• ▍Revenue ¥4.73B, −17,3% YoY
• ▍Operating income +8,3% YoY
• ▍Net income +7,7% YoY
• ▍Net margin 18.1%

Revenue ¥4.27B, +5,7% YoY; Operating income +80,3% YoY.

• ▍Revenue ¥4.27B, +5,7% YoY
• ▍Operating income +80,3% YoY
• ▍Net income +73,2% YoY
• ▍Net margin 26.3%

Revenue ¥4.10B; Operating income ¥806.7M.

• ▍Revenue ¥4.10B
• ▍Operating income ¥806.7M
• ▍Net margin 17.3%

Revenue ¥6.54B; Operating income ¥876.4M.

• ▍Revenue ¥6.54B
• ▍Operating income ¥876.4M
• ▍Net margin 11.3%

Revenue ¥5.72B; Operating income ¥914.2M.

• ▍Revenue ¥5.72B
• ▍Operating income ¥914.2M
• ▍Net margin 13.9%

Revenue ¥4.04B; Operating income ¥724.8M.

• ▍Revenue ¥4.04B
• ▍Operating income ¥724.8M
• ▍Net margin 16.0%

Revenue ¥15.47B, −18,1% YoY; Operating income −7,0% YoY.

• ▍Revenue ¥15.47B, −18,1% YoY
• ▍Operating income −7,0% YoY
• ▍Net income −5,3% YoY
• ▍Free cash flow −2,9% YoY
• ▍Net margin 16.9%

Revenue ¥18.89B, +116,3% YoY; Operating income +73,6% YoY.

• ▍Revenue ¥18.89B, +116,3% YoY
• ▍Operating income +73,6% YoY
• ▍Net income +69,2% YoY
• ▍Free cash flow +62,6% YoY
• ▍Net margin 14.6%

Revenue ¥8.73B, +45,4% YoY; Operating income +57,9% YoY.

• ▍Revenue ¥8.73B, +45,4% YoY
• ▍Operating income +57,9% YoY
• ▍Net income +56,0% YoY
• ▍Free cash flow +65,8% YoY
• ▍Net margin 18.7%

Revenue ¥6.01B, +19,0% YoY; Operating income +42,7% YoY.

• ▍Revenue ¥6.01B, +19,0% YoY
• ▍Operating income +42,7% YoY
• ▍Net income +45,9% YoY
• ▍Free cash flow +86,6% YoY
• ▍Net margin 17.4%