Shandong New Beiyang Information Technology Co Ltd

The company's capital structure is characterized by a debt-to-equity ratio of 0.46, indicating a moderate reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 1.78, suggesting it can cover short-term obligations but with limited excess capacity. The price-to-book ratio of 1.89 implies that the market values the company at a premium to its book value, while the price-to-tangible-book ratio is identical, indicating no intangible asset premium.

Profitability metrics show a return on equity (ROE) of 1.18% and a return on assets (ROA) of 0.66%, both of which are below the typical thresholds for industrial machinery firms. The company's gross margin is 31.35% (194,763,160 / 621,598,650), and its operating margin is 8.60% (53,459,390 / 621,598,650), both of which are in line with the industry's median for gross margin but below the median for operating margin. The net profit margin is 5.71% (35,497,390 / 621,598,650), which is also below the industry median.

Geographically, the company's revenue is concentrated in China, with no disclosed international operations. Segment-wise, the company operates as a single business unit, with no material diversification across product lines or geographic regions. This concentration increases exposure to domestic economic and regulatory shifts.

The company's growth trajectory is modest, with a price-to-earnings (P/E) ratio of 159.61 and an enterprise value-to-revenue (EV/Revenue) ratio of 11.33, both of which suggest a high valuation relative to earnings and revenue. The company's capital expenditures were -47,737,390 CNY in the latest period, indicating a reduction in investment in physical assets. The operating cash flow of 124,575,530 CNY supports the company's liquidity but does not indicate strong reinvestment or expansion.

Risk factors include a medium liquidity risk, as the company's net cash is negative after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential in the near term. The company's capital structure is stable, with no recent equity issuance or convertible debt outstanding. The risk assessment does not indicate any material regulatory or geopolitical exposure, but the company's reliance on domestic demand and a single business model increases its vulnerability to macroeconomic shifts.

Recent events include the filing of financial results showing a revenue of 621,598,650 CNY and a net income of 35,497,390 CNY. Analysts have noted the company's last actual EPS of 0.10 CNY and revenue of 2,788,410,000 CNY, which are below the company's reported figures, suggesting a potential overestimation of analyst expectations.

Shandong New Beiyang Information Technology Co Ltd (002376.SZ) has undergone a significant update to its corporate taxonomy, with its activity now classified as "Industrial Goods" and its economic sector identified as "Industrials." This reclassification represents a medium-severity change in the company's profile, shifting the understanding of its operational focus from an undefined state to a specific industrial context. Concurrently, the company's risk assessment framework has been populated with new data points. The dilution risk is now assessed as "low," indicating a stable capital structure with minimal threat of share value erosion from new issuances. This assessment is classified as low severity, suggesting it aligns with standard expectations for the entity. In contrast, the liquidity risk has been flagged as "medium," highlighting a moderate level of concern regarding the company's ability to meet short-term obligations. While this risk level is also classified as low severity in terms of immediate impact, it introduces a layer of financial caution that investors should monitor alongside the positive dilution metrics. These updates provide a clearer, albeit more complex, picture of Shandong New Beiyang Information Technology Co Ltd. The combination of a defined industrial sector, low dilution risk, and medium liquidity risk offers a foundational baseline for further analysis, though the company currently lacks analyst coverage, index membership, or disclosed top holders to provide additional market context.

Operating and net margins exceed industrial machinery cohort medians, indicating superior profitability relative to peers.

Cash conversion ratio of 3.51 ranks best-in-class among 854 cohort peers, demonstrating strong cash generation efficiency.

Free cash flow improved by 40% year-over-year to CNY 88.9 million, signaling recovering operational cash generation.

Long-term debt decreased significantly to CNY 582 million in the latest period, reducing leverage and financial risk.

Dilution risk is assessed as low, suggesting minimal threat to existing shareholder equity value from share issuance.

Return on equity of 1.18% falls well below the 3.56% cohort median, indicating inefficient capital utilization.

High credit risk flags suggest potential difficulties in meeting debt obligations or securing favorable financing terms.

Medium liquidity risk indicates potential challenges in meeting short-term financial obligations without significant asset sales.

Revenue ¥2.79B, +17,3% YoY; Operating income +23,8% YoY.

• ▍Revenue ¥2.79B, +17,3% YoY
• ▍Operating income +23,8% YoY
• ▍Net income +55,2% YoY
• ▍Free cash flow −28,6% YoY
• ▍Net margin 2.7%

Revenue ¥2.19B, −3,8% YoY; Operating income +2 854,2% YoY.

• ▍Revenue ¥2.19B, −3,8% YoY
• ▍Operating income +2 854,2% YoY
• ▍Net income +175,1% YoY
• ▍Free cash flow +109,3% YoY
• ▍Net margin 0.9%

Revenue ¥2.28B, −13,9% YoY; Operating income −98,9% YoY.

• ▍Revenue ¥2.28B, −13,9% YoY
• ▍Operating income −98,9% YoY
• ▍Net income −117,6% YoY
• ▍Free cash flow −1 401,8% YoY
• ▍Net margin -1.1%

Revenue ¥2.65B; Operating income ¥178.7M.

• ▍Revenue ¥2.65B
• ▍Operating income ¥178.7M
• ▍Net margin 5.5%