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300606.SZ — Shenzhen Stock Exchange Industrial Machinery & Equipment

Dongguan Golden Sun Abrasives Co Ltd

¥38,32

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Mcap

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P/E

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EV / Rev

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Div yield

0,31 %

Op margin

9,1 %

ROE

1,5 %

Net margin

7,6 %

Debt / equity

0,37

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

Dongguan Golden Sun Abrasives Co Ltd is an industrial goods company that produces and sells abrasive products, primarily used in metalworking and surface preparation applications.

Business. Dongguan Golden Sun Abrasives Co Ltd (300606.SZ) is a manufacturer of industrial abrasives and related equipment headquartered in Dongguan, China. The company operates within the Industrial Machinery & Equipment sector, focusing on the production and sale of abrasive products. It is primarily listed on the Shenzhen Stock Exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.

Classification92 %

SectorIndustrials

Business sectorIndustrial Goods

IndustryIndustrial Machinery & Equipment

ActivityIndustrial Goods

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

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valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

Profitability→

1,5 %

return on equity

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning 300606.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 300606.SZ. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Dongguan Golden Sun Abrasives Co Ltd (300606.SZ) is a manufacturer of industrial abrasives and related equipment headquartered in Dongguan, China. The company operates within the Industrial Machinery & Equipment sector, focusing on the production and sale of abrasive products. It is primarily listed on the Shenzhen Stock Exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.

Classification92 %

SectorIndustrials

Business sectorIndustrial Goods

IndustryIndustrial Machinery & Equipment

ActivityIndustrial Goods

AI synthesis

GENERATED

Dongguan Golden Sun Abrasives Co Ltd maintains a relatively conservative capital structure, with a debt-to-equity ratio of 0.37, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.86, suggesting it can cover its short-term obligations but with limited excess capacity. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

In terms of profitability, the company's return on equity (ROE) is 1.51%, and its return on assets (ROA) is 0.92%, both of which are below the typical thresholds for industrial machinery and equipment firms. These metrics suggest that the company is not generating strong returns relative to its equity and asset base.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and sector-specific risks. The company's operating cash flow of 32.26 million CNY is positive, but it is offset by a capital expenditure outflow of 61.76 million CNY, indicating a net cash outflow from operations.

Looking ahead, the company's growth trajectory is constrained by its current financial position. With a net income of 10.51 million CNY and a gross profit of 35.54 million CNY, the company is generating modest profits. However, the capital-intensive nature of the industry and the company's current cash outflows suggest that near-term growth may be limited without external financing.

The company's risk profile is characterized by medium liquidity risk and low dilution potential. The risk assessment highlights the negative net cash position after debt, which could pressure the company to raise additional capital or refinance existing obligations. No recent dilutive events have been reported, and the company's shares outstanding remain unchanged between basic and diluted measures.

There are no recent filings or transcripts indicating significant operational or strategic changes. The company appears to be maintaining a stable but low-growth trajectory, with no major new product launches or market expansions disclosed in the latest financial data.

Key takeaways

The company maintains a conservative debt-to-equity ratio of 0.37, but its net cash position is negative after subtracting total debt.
Return on equity (1.51%) and return on assets (0.92%) are below industry norms, indicating weak profitability.
The company's revenue is concentrated in a single business segment, with no geographic diversification disclosed.
Capital expenditures outpace operating cash flow, resulting in a net cash outflow from operations.
The company's liquidity is assessed as medium, with a current ratio of 1.86.
No recent dilutive events have been reported, and the company's shares outstanding remain unchanged.

Bull / Bear case

Generated · model-assisted

BULL CASE · 3

Net income surged 221.4% year-over-year to CNY 19.9 million, demonstrating strong recent profitability recovery.

Cash conversion ratio of 3.07 ranks best-in-class compared to the 0.95 cohort median.

Free cash flow improved by 80.2% year-over-year, signaling enhanced liquidity generation capabilities.

BEAR CASE · 3

The company faces high credit risk, posing potential challenges for debt servicing and financing.

Four-year net income CAGR of -26.3% indicates a long-term decline in profitability trends.

Medium liquidity risk suggests potential difficulties in meeting short-term financial obligations.

In focus — financials by report

Valuation FY

Market price

¥38,32

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

—

EV / Op incomeⓘ

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EV / OCFⓘ

—

P / Bⓘ

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P / Tangible bookⓘ

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Tangible book

¥695.3M

Net cashⓘ

-¥260.4M

Current ratioⓘ

1.9

Debt / equityⓘ

0.4

ROAⓘ

0.9%

ROEⓘ

1.5%

Cash conversionⓘ

307.0%

CapEx / revenueⓘ

-44.5%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin9,1 %Above median

Net Margin7,6 %Above median

ROE1,5 %Below median

Capex / Rev-44,5 %Bottom quartile

D/E0,37Below median

Cash Conv3,07Above P75

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

Dongguan Golden Sun Abrasives Co Ltd Market data — financials · 2026-05-26

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

300606.SZCanonical

Shenzhen Stock Exchange · CNY

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation FY

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread