Wangsu Science & Technology Co.,Ltd. (SHE:300017)

SHE:300017 Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Revenue Revenue Growth	4,541	4,661	4,932	4,705	5,084	4,575
Revenue Growth	-10.02%	-5.50%	4.81%	-7.45%	11.13%	-19.55%
Gross Profit Gross Profit Growth	1,688	1,657	1,548	1,507	1,331	1,157
Operating Income Operating Income Growth	477.15	473.43	383.48	345.93	141.78	-98.29
Net Income Net Income Growth	728.43	799.53	674.52	613.1	190.59	165.24
Earnings Per Share EPS Growth	0.29	0.32	0.27	0.25	0.08	0.07
EPS Growth	-0.19%	18.52%	8.00%	212.50%	14.29%	-22.22%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
IDC and Liquid Cooling IDC and Liquid Cooling Growth	282.57	255.05	267.11	263.39	246.35
CDN and Edge Computing CDN and Edge Computing Growth	2,895	3,429	4,376	4,764	4,290
Security and Value-added Services Security and Value-added Services Growth	1,380	1,163	-	-	-
Merchandise Sales and Others Merchandise Sales and Others Growth	103.59	84.99	62.02	57.04	38.43
Total Total Growth	4,661	4,932	4,705	5,084	4,575

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash & Investments Cash & Investments Growth	7,639	7,885	7,972	4,531	5,141	5,871
Total Debt Total Debt Growth	316.11	406.21	832.8	142.42	210.31	565.89
Net Cash (Debt) Net Cash Growth	7,323	7,479	7,139	4,389	4,931	5,305
Net Cash Growth	-5.21%	4.76%	62.66%	-10.99%	-7.05%	45.17%
Net Cash Per Share Net Cash Per Share Growth	2.92	2.99	2.86	1.79	2.07	2.25

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Operating Cash Flow Operating Cash Flow Growth	924.81	985.03	869.18	791.71	931.75	835.71
Capital Expenditures CapEx Growth	-204.05	-163.74	-137.87	-86.67	-188.73	-255.02
Free Cash Flow Free Cash Flow Growth	720.76	821.29	731.31	705.04	743.01	580.69
Free Cash Flow Growth	1.47%	12.31%	3.73%	-5.11%	27.95%	51.73%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Gross Margin	37.17%	35.55%	31.38%	32.02%	26.18%	25.29%
Operating Margin	10.51%	10.16%	7.78%	7.35%	2.79%	-2.15%
Pretax Margin	17.25%	18.44%	14.73%	13.84%	3.82%	3.01%
Profit Margin	16.04%	17.15%	13.68%	13.03%	3.75%	3.61%
FCF Margin	15.87%	17.62%	14.83%	14.98%	14.61%	12.69%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Dividend Per Share Dividend Per Share Growth	0.250	0.250	0.250	0.250	0.050	0.030
Dividend Per Share Growth	0%	0%	0%	400.00%	66.67%	200.00%
Dividend Yield	1.94%	2.48%	2.46%	3.41%	0.97%	0.49%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
PE Ratio	43.17	31.53	38.03	30.99	71.02	98.74
Forward PE	34.36	30.78	36.45	47.03	63.92	78.71
P/FCF Ratio	43.42	30.70	35.08	26.95	18.22	28.10
PS Ratio	6.89	5.41	5.20	4.04	2.66	3.57

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

Data Sources Report a data error