CompanyGraphOcean's King Lighting Science & Technology Co., Ltd.
002724 · SZSE · China
haiyangwang.comFinancials as of FY2025
What stands out
- Pays more per share than it earned over the last twelve months
At a glance
- Depends onDownstream position: depends on 11 industries, supplies 6
- ScaleLevered free cash flow is $20.34M, above the global median of $18.73M
- PositionGross margin is 60.3%, higher than 95% of its Electrical Equipment & Parts peers (median 21.8%)
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Sign inWhat the company actually pays, and whether its own cash supports it.
What stands out
- Pays more per share than it earned over the last twelve months
Dividends view
Yield
1.28%Above 5Y avg (1.16%)
Annual Rate
CNY 0.10Paid annual
Payout Ratio
160.0%High
Payback Period
69.8 yr
Last Ex-Dividend
Jun 4, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
6.05BCNY903.23M · vs all stocks (USD)
Trailing P/E
118.83xvs Electrical Equipment & Parts peers
Revenue (TTM)
1.68BCNY250.13M · vs all stocks (USD)
Profit Margin
2.88%vs Electrical Equipment & Parts peers
Beta
0.5290xvs all stocks
52-Week Change
3.98%vs all stocks
Market Capitalization
6.05BCNY903.23M · vs all stocks (USD)
Enterprise Value
4.54BCNY677.85M · vs all stocks (USD)
Trailing P/E
118.83xvs Electrical Equipment & Parts peers
Forward P/E
14.26xvs Electrical Equipment & Parts peers
Price to Sales (TTM)
3.28xvs Electrical Equipment & Parts peers
Price to Book (MRQ)
2.03xvs Electrical Equipment & Parts peers
Enterprise to Revenue
2.71xvs Electrical Equipment & Parts peers
Enterprise to EBITDA
85.95xvs Electrical Equipment & Parts peers
Gross Margin
60.31%vs Electrical Equipment & Parts peers
Profit Margin
2.88%vs Electrical Equipment & Parts peers
Operating Margin
12.20%vs Electrical Equipment & Parts peers
Return on Assets (TTM)
0.25%vs Electrical Equipment & Parts peers
Return on Equity (TTM)
0.81%vs Electrical Equipment & Parts peers
Revenue (TTM)
1.68BCNY250.13M · vs all stocks (USD)
Revenue per Share (TTM)
2.17CNYUpdated Sep 21, 2026Quarterly Revenue Growth
-2.40%vs Electrical Equipment & Parts peers
Gross Profit (TTM)
954.23MCNY142.49M · vs all stocks (USD)
EBITDA (TTM)
121.71MCNY18.17M · vs all stocks (USD)
Net Income (TTM)
48.18MCNY7.20M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-34.00%vs Electrical Equipment & Parts peers
Operating Cash Flow (TTM)
163.38MCNY24.40M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
136.18MCNY20.34M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.1000CNYUpdated Sep 21, 2026Trailing Annual Dividend Yield
1.28%vs all stocks
5-Year Average Dividend Yield
1.16%vs all stocks
Payout Ratio
160.00%vs Electrical Equipment & Parts peers
Minority Interest (Equity)
24.87MCNYFY2025 · Dec 31, 2025Revenue
1.72BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
734.95MCNYFY2025 · Dec 31, 2025Gross Profit
986.85MCNYFY2025 · Dec 31, 2025Operating Income
68.40MCNY10.21M · vs all stocks (USD)
Pre-tax Income
107.05MCNYFY2025 · Dec 31, 2025Income Tax Expense
18.99MCNYFY2025 · Dec 31, 2025Net Income
88.06MCNYFY2025 · Dec 31, 2025EBIT
108.20MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
121.71MCNYFY2025 · Dec 31, 2025Research & Development
125.51MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
185.26MCNYFY2025 · Dec 31, 2025Other Operating Expenses
22.69MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
4.76MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
1.15MCNYFY2025 · Dec 31, 2025EPS (Basic)
0.1427CNYFY2025 · Dec 31, 2025EPS (Diluted)
0.1427CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
771.30MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
771.30MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
88.06MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
22.01MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
198.30MCNYFY2025 · Dec 31, 2025Free Cash Flow
163.31MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
409.44MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
88.06MCNYFY2025 · Dec 31, 2025Other Non-cash Items
4.65MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
103.41MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
2.18MCNYFY2025 · Dec 31, 2025Capital Expenditures
-34.99MCNYFY2025 · Dec 31, 2025Purchase of Investments
-865.00MCNYFY2025 · Dec 31, 2025Sale of Investments
680.60MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-219.38MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
10.00MCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-38.81MCNYFY2025 · Dec 31, 2025Common Dividends Paid
-39.77MCNYFY2025 · Dec 31, 2025Other Financing Charges
39.82MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-28.76MCNYFY2025 · Dec 31, 2025Shares Outstanding
771.50MSharesUpdated Sep 21, 2026Float Shares
212.04MSharesUpdated Sep 21, 2026% Held by Insiders
73.04%vs all stocks
% Held by Institutions
1.24%vs all stocks
Total Cash (MRQ)
948.46MCNY141.63M · vs all stocks (USD)
Total Cash per Share (MRQ)
1.23CNYUpdated Sep 21, 2026Total Debt (MRQ)
16.38MCNY2.45M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.0061xvs Electrical Equipment & Parts peers
Current Ratio (MRQ)
3.06xvs Electrical Equipment & Parts peers
Book Value per Share (MRQ)
3.52CNYUpdated Sep 21, 2026Total Assets
3.59BCNY535.52M · vs all stocks (USD)
Total Current Assets
2.15BCNYFY2025 · Dec 31, 2025Total Liabilities
792.45MCNYFY2025 · Dec 31, 2025Total Non-current Assets
1.43BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
19.96MCNYFY2025 · Dec 31, 2025Total Current Liabilities
772.49MCNYFY2025 · Dec 31, 2025Cash
411.47MCNYFY2025 · Dec 31, 2025Cash Equivalents
11.86MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
423.32MCNYFY2025 · Dec 31, 2025Other Short-term Investments
791.83MCNYFY2025 · Dec 31, 2025Accounts Receivable
602.06MCNYFY2025 · Dec 31, 2025Inventory
119.72MCNYFY2025 · Dec 31, 2025Accounts Payable
373.33MCNYFY2025 · Dec 31, 2025Short-term Debt
5.86MCNYFY2025 · Dec 31, 2025Other Current Liabilities
92.89MCNYFY2025 · Dec 31, 2025Long-term Debt
13.12MCNYFY2025 · Dec 31, 2025Common Stock (Book)
771.50MCNYFY2025 · Dec 31, 2025Retained Earnings
1.44BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
2.79BCNY417.18M · vs all stocks (USD)
52-Week Low
4.66CNYUpdated Sep 21, 202652-Week High
8.45CNYUpdated Sep 21, 202652-Week Change
3.98%vs all stocks
Beta
0.5290xvs all stocks
50-Day MA
6.01CNYUpdated Sep 21, 2026200-Day MA
6.45CNYUpdated Sep 21, 2026Avg 10-Day Volume
21.40MSharesUpdated Sep 21, 2026Avg 30-Day Volume
29.61MSharesUpdated Sep 21, 2026Diluted EPS (TTM)
0.0600CNYUpdated Sep 21, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Gross margin is 60.3%, higher than 95% of its Electrical Equipment & Parts peers (median 21.8%)Significant
Gross margin: 0.60Industry median: 0.22Industry P95: 0.47Peers compared: 242
Structural Tensions
Pays more per share than it earned over the last twelve monthsSignificant
Payout Ratio: 1.60Dividend per Share: 0.10Earnings per Share: 0.06
High gross margins eroded by operating costsNotable
Gross Margin: 0.60Profit Margin: 0.03
Financial Health
Altman Z-Score 6.18: safe zoneNotable
Altman Z-Score: 6.18
Supply Chain
Downstream position: depends on 11 industries, supplies 6Notable
Outgoing: 6.00Incoming: 11.00
High connectivity hub: 17 industry connectionsNotable
Total Connections: 17.00
Scale
Levered free cash flow is $20.34M, above the global median of $18.73MNotable
Levered free cash flow (USD): 20,335,446.404Global Median: 18,729,043.027
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