Chengdu M&S Electronics Technology Co.,Ltd. (SHA:688311)

China · Delayed Price · Currency is CNY

22.99

-0.12 (-0.52%)

Sep 4, 2026, 3:00 PM CST

SHA:688311 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	539.35	525.1	139.36	331.33	478.9	475.79
Revenue Growth	201.08%	276.78%	-57.94%	-30.81%	0.65%	12.42%
Gross Profit	171.15	170.29	11.06	151.27	233.19	283.76
Operating Income	-53.05	-53.93	-223.44	-91.84	16.91	120.41
Net Income	-32.15	-16.38	-271.65	-56.31	26.17	134.43
Earnings Per Share	-0.20	-0.10	-1.70	-0.43	0.17	0.84
EPS Growth	-	-	-	-	-79.83%	8.26%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Satellite Navigation	444.75
Satellite Communications	77.49
Unallocated Leasing	2.86
Total	525.1

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	292.02	383.36	333.38	598.91	576.1	914.8
Total Debt	80.57	206.7	198.63	402.25	204.39	209.24
Net Cash (Debt)	211.45	176.66	134.74	196.66	371.71	705.56
Net Cash Growth	70.32%	31.11%	-31.48%	-47.09%	-47.32%	-23.62%
Net Cash Per Share	1.28	1.08	0.84	1.50	2.41	4.42

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-58.66	205.86	-302.45	-85.53	41.07	78.19
Capital Expenditures	-21.63	-16.28	-49.41	-137.27	-310.07	-194.03
Free Cash Flow	-80.29	189.58	-351.86	-222.8	-269	-115.85
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	31.73%	32.43%	7.94%	45.66%	48.69%	59.64%
Operating Margin	-9.84%	-10.27%	-160.33%	-27.72%	3.53%	25.31%
Pretax Margin	-8.84%	-5.97%	-232.97%	-18.77%	4.75%	32.53%
Profit Margin	-5.96%	-3.12%	-194.92%	-16.99%	5.46%	28.26%
FCF Margin	-14.89%	36.10%	-252.48%	-67.24%	-56.17%	-24.35%

Dividends

Fiscal Year	FY 2021
Period Ending	Dec '21 Dec 31, 2021
Dividend Per Share	0.257
Dividend Per Share Growth	2.84%
Dividend Yield	0.48%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	-	355.29	64.28
Forward PE	51.36	55.56	14.37	30.78	39.33	42.70
P/FCF Ratio	-	40.39	-	-	-	-
PS Ratio	7.45	14.58	37.88	24.57	19.41	18.16