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Shanghai Morn Electric Equipment Co Ltd

002451 · SHE · Industrials / Electrical Equipment & Parts

6.51CNY-0.18 (-2.69%)

Price History

Full chart

Market Stats

Previous Close6.69
Open6.70
Day Range6.49 – 6.74
52-Week Range6.02 – 15.17
Volume5.44M
Market Cap3.38B
P/E (TTM)384.50
Forward P/E63.29
EPS0.02
Dividend Yield0.13%
Beta0.27
50-Day Avg7.46
200-Day Avg9.03

About

Shanghai Morn Electric Equipment Co., Ltd., together with its subsidiaries, engages in the research, design, development, production, and sale of cables in China. The company operates in two segments, Cable and Quasi-Financial. It offers power and electrical equipment cables, including aluminum alloy, mineral insulated flexible fire-proof, LV and MV fire-resistant power, ceramic high-temperature fire-resistant, metal flexible pipe equipment, frequency converter, shielding and chemical resistance, encoder, oil resistant corrosion split-phase comprehensive sheath, high and low temperature resistant, and other cable products under the Morn brand name. The company also engages in factoring; debt collection services; investment activities; property management; hotel accommodation; and trading. Its products are used in power, rail transportation, construction engineering, new energy, communications, ships, intelligent equipment, metallurgy, petrochemicals, port machinery and marine engineering, mining, and other fields. The company was founded in 1997 and is headquartered in Shanghai, China.

Company Details

  • SectorIndustrials
  • IndustryElectrical Equipment & Parts
  • CEOMs. Zhi Lan Zhu
  • Employees399
  • HeadquartersNo. 2829 Jiangshan Road, Shanghai, China, 201306, China
  • Websitehttps://www.mornelectric.com

Leadership

  • Ms. Zhi Lan ZhuChairman & GM · b. 1980
  • Ms. Jiafei GuanFinancial Director & Head of Accounting Department · b. 1983
  • Mr. Shengzhi HuangBoard Secretary & Director · b. 1993

Financials

Income Statement

Currency: CNY2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue265.24M376.19M346.10M357.45M446.21M392.35M442.63M646.65M576.61M500.81M467.47M585.01M367.02M454.27M1.14B1.08B1.09B1.34B1.58B
Growth (%)-+41.83%-8.00%+3.28%+24.83%-12.07%+12.82%+46.09%-10.83%-13.15%-6.66%+25.14%-37.26%+23.77%+151.46%-5.59%+0.94%+23.50%+17.19%
Cost of Revenue186.79M252.24M234.38M262.97M367.38M321.72M334.78M504.71M418.06M379.20M286.71M454.16M298.83M379.23M1.01B942.54M963.11M1.23B1.43B
Gross Profit78.45M123.95M111.71M94.48M78.83M70.63M107.85M141.95M158.54M121.61M180.76M130.86M68.19M75.04M127.60M135.94M125.48M116.83M143.42M
Gross Margin29.58%32.95%32.28%26.43%17.67%18.00%24.37%21.95%27.50%24.28%38.67%22.37%18.58%16.52%11.17%12.61%11.53%8.69%9.10%
Operating Expense32.50M65.99M57.32M61.28M74.88M55.23M91.16M108.24M139.19M113.17M94.35M113.17M19.03M64.01M113.29M112.37M106.06M98.72M89.38M
Operating Income45.95M57.95M54.40M33.20M3.95M15.40M16.70M33.71M19.35M8.43M86.41M17.69M49.16M11.03M14.30M23.58M19.42M18.11M54.04M
Operating Margin17.32%15.41%15.72%9.29%0.89%3.93%3.77%5.21%3.36%1.68%18.48%3.02%13.39%2.43%1.25%2.19%1.78%1.35%3.43%
EBITDA52.75M68.32M65.14M50.86M28.43M36.11M56.04M80.40M87.06M87.38M154.68M86.87M104.23M65.68M71.07M85.13M83.35M84.94M99.59M
EBITDA Margin19.89%18.16%18.82%14.23%6.37%9.20%12.66%12.43%15.10%17.45%33.09%14.85%28.40%14.46%6.22%7.89%7.66%6.32%6.32%
Net Income45.28M48.42M46.65M30.53M5.82M7.13M16.99M26.42M14.56M8.70M59.23M8.38M36.52M7.46M12.85M14.67M16.16M17.87M10.58M
Net Income Margin17.07%12.87%13.48%8.54%1.30%1.82%3.84%4.09%2.53%1.74%12.67%1.43%9.95%1.64%1.12%1.36%1.48%1.33%0.67%
R&D---7.46M10.69M11.54M12.42M14.58M12.41M13.87M9.21M16.46M9.73M11.76M34.41M33.27M34.80M42.34M47.13M
R&D as % of Total Revenue---2.09%2.39%2.94%2.80%2.25%2.15%2.77%1.97%2.81%2.65%2.59%3.01%3.08%3.20%3.15%2.99%
Interest Expense1.54M4.39M3.99M5.16M10.43M14.79M19.93M25.78M33.41M31.11M28.63M29.30M18.76M13.89M18.55M24.58M25.82M22.30M27.29M
Interest Expense % of Total Revenue0.58%1.17%1.15%1.44%2.34%3.77%4.50%3.99%5.79%6.21%6.13%5.01%5.11%3.06%1.62%2.28%2.37%1.66%1.73%

Balance Sheet

Currency: CNY2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets276.23M366.63M404.01M798.80M926.71M1.06B1.23B1.58B1.82B1.77B1.63B1.59B1.21B1.23B1.41B1.64B1.65B1.74B2.05B
Total Liabilities128.10M168.47M158.88M177.70M301.43M419.46M588.42M899.63M1.12B1.10B976.34M930.57M505.48M520.48M574.12M793.68M796.01M868.32M1.11B
Total Equity145.60M198.16M245.13M621.10M625.28M634.05M637.95M663.83M678.85M670.14M652.49M660.88M697.40M704.86M744.57M747.31M755.45M764.95M773.19M
Cash45.44M87.34M89.33M339.79M253.16M177.31M96.84M73.15M101.66M135.62M80.12M99.94M122.31M69.98M72.01M95.55M140.73M129.42M324.76M
Total Debt35.00M85.04M71.08M130.70M211.44M313.00M442.06M322.89M575.57M481.95M266.84M384.99M370.65M307.38M375.38M566.91M547.08M440.73M-
Net Debt-10.44M-2.29M-18.25M-209.09M-41.72M135.69M345.21M249.74M473.91M346.32M186.72M285.05M248.34M237.40M303.37M471.36M406.35M311.30M553.50M

Cash Flow

Currency: CNY2007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow15.81M52.12M35.68M-118.89M-54.16M-71.69M-89.74M-10.46M-43.96M-12.23M80.99M64.59M330.26M-30.91M-408.42M-49.30M121.01M-16.46M-1.69M
Investing Cash Flow-23.35M-62.98M-11.58M-27.35M-102.51M-94.70M-87.29M-104.94M-58.27M125.14M-26.43M-4.88M100.23M-14.95M305.52M-65.38M-4.07M-55.20M-
Financing Cash Flow27.97M50.41M-21.25M395.66M70.32M88.76M96.11M66.74M107.27M-87.45M-57.76M-40.37M-405.63M-9.10M88.32M144.25M-107.10M85.66M-
Capital Expenditure18.67M29.08M12.23M26.05M100.03M101.11M86.11M65.04M40.10M5.52M16.77M4.96M27.42M11.33M11.43M74.32M10.64M57.95M78.56M
Free Cash Flow-2.86M23.04M23.45M-144.94M-154.18M-172.80M-175.85M-75.50M-84.06M-17.75M64.22M59.63M302.85M-42.24M-419.85M-123.62M110.38M-74.40M-80.26M
Dividends Paid7.03M3.23M5.15M5.28M10.43M14.79M32.95M21.99M31.97M38.04M89.96M41.31M24.92M11.57M12.41M39.71M25.07M22.33M26.33M
FCF to OCF-18.09%44.20%65.72%121.91%284.70%241.04%195.95%721.53%191.23%145.13%79.30%92.32%91.70%136.64%102.80%250.73%91.21%452.05%4736.65%
Dividend Paid to FCF-245.96%14.03%21.98%-3.65%-6.76%-8.56%-18.74%-29.13%-38.03%-214.28%140.08%69.27%8.23%-27.39%-2.96%-32.12%22.72%-30.01%-32.80%

Earnings

Report DateSep 30, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Dec 31, 2016Mar 31, 2017Jun 30, 2017Sep 30, 2017Dec 31, 2017Mar 31, 2018Jun 30, 2018Oct 23, 2018Dec 31, 2018Mar 31, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Apr 22, 2020Aug 26, 2020Oct 30, 2020Dec 31, 2020Apr 30, 2021Jun 30, 2021Sep 30, 2021Dec 31, 2021Mar 31, 2022Jun 30, 2022Sep 30, 2022Dec 31, 2022Mar 31, 2023Jun 30, 2023Sep 30, 2023Dec 31, 2023Apr 26, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Apr 25, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
EPS Estimate----------------------------------------------------------------
EPS Actual0.020.000.010.02-0.020.000.010.010.00-0.000.010.010.010.010.010.010.010.020.020.020.01-0.010.010.000.000.010.010.040.040.040.03-0.00-0.010.010.13-0.02-0.01-0.02-0.02-0.010.000.040.010.000.010.010.02-0.010.010.010.01-0.000.010.010.010.010.010.010.010.010.000.010.01-0.00
Surprise----------------------------------------------------------------
Timing------------------------------------------------------After-hours---After-hours-----

Key Statistics & Ratios

Market Cap3.38B
Enterprise Value4.03B
Trailing P/E384.50
Forward P/E63.29
PEG Ratio0.00
Price / Sales2.27
Price / Book4.27
EPS0.02
Book Value1.75
Revenue (TTM)1.49B
Gross Profit (TTM)156.59M
EBITDA87.75M
Profit Margin0.71%
Operating Margin1.28%
Return on Equity3.01%
Return on Assets1.47%
Shares Outstanding439.94M
Shares Float250.36M
Beta0.27
Dividend Yield0.13%
Dividend Rate0.01
Payout Ratio41.32%

Dividends

20261×
0.01Jun 1, 2026
20251×
0.01Jun 24, 2025
20241×
0.01May 14, 2024
20171×
0.17Jul 12, 2017
20161×
0.04Jun 8, 2016
20131×
0.03Jul 23, 2013

Stock Splits

  • Apr 24, 201420:10
  • Jun 15, 201215:10