Meter Instruments Co. Ltd

301006 · SHE · Industrials / Electrical Equipment & Parts

11.98CNY-0.25 (-2.04%)

Price History

Full chart

Market Stats

Previous Close12.23

Open11.96

Day Range11.87 – 12.39

52-Week Range11.00 – 19.06

Volume1.55M

Market Cap1.93B

P/E (TTM)28.90

Forward P/E0.00

EPS0.48

Dividend Yield1.44%

Beta0.48

50-Day Avg13.35

200-Day Avg15.81

About

Meter Instruments Co., Ltd. engages in the research, development, production, and sale of intelligent ultrasonic water meters and heat meters in China and internationally. It offers ultrasonic water meters, ultrasonic heat meters, flow balance valves, data acquisition terminals, data concentrators, intelligent control valves, smart flow meters, and fire hydrant products and related accessories. The company also provides intelligent water metering, and heat metering system solutions. Its products are used in urban water supply, centralized heating, fire safety, energy conservation and emission reduction, and energy efficiency management fields. The company was founded in 2006 and is headquartered in Nanjing, China.

Company Details

SectorIndustrials
IndustryElectrical Equipment & Parts
CEOMs. Wei Zhang
Employees477
HeadquartersNo. 5, Xiyan Road, Nanjing, China, 211178, China
Websitehttps://www.metter.cn

Leadership

Ms. Wei ZhangGeneral Manager · b. 1976
Mr. Xun HanFinancial Manager & Accounting Supervisor · b. 1972
Mr. Jinpeng HuiDeputy GM & Director · b. 1969
Mr. Jiashi ZhaoDeputy GM & Director · b. 1971
Ms. Yunxia ZhaoSecretary of the Board of Directors · b. 1979
Mr. Xiao Wang ZouDeputy General Manager · b. 1976

Financials

Income Statement

Currency: CNY	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	91.75M	121.43M	188.68M	313.90M	420.47M	408.63M	358.48M	382.02M	358.46M	397.57M
Growth (%)	-	+32.35%	+55.38%	+66.36%	+33.95%	-2.82%	-12.27%	+6.57%	-6.17%	+10.91%
Cost of Revenue	47.68M	51.63M	75.17M	124.20M	168.53M	174.10M	163.39M	182.97M	177.96M	191.07M
Gross Profit	44.07M	69.80M	113.51M	189.69M	251.94M	234.53M	195.08M	199.05M	180.50M	206.49M
Gross Margin	48.03%	57.48%	60.16%	60.43%	59.92%	57.39%	54.42%	52.11%	50.35%	51.94%
Operating Expense	17.84M	40.15M	29.54M	46.65M	48.47M	71.72M	71.71M	68.95M	91.17M	89.23M
Operating Income	26.23M	29.65M	83.98M	143.04M	203.47M	162.80M	123.37M	130.10M	89.33M	117.26M
Operating Margin	28.58%	24.42%	44.51%	45.57%	48.39%	39.84%	34.42%	34.06%	24.92%	29.49%
EBITDA	43.91M	32.36M	88.04M	147.85M	207.75M	167.71M	130.85M	137.04M	98.73M	119.32M
EBITDA Margin	47.85%	26.65%	46.66%	47.10%	49.41%	41.04%	36.50%	35.87%	27.54%	30.01%
Net Income	34.56M	22.02M	72.74M	125.71M	174.28M	140.14M	109.14M	112.28M	79.20M	92.27M
Net Income Margin	37.67%	18.13%	38.55%	40.05%	41.45%	34.29%	30.45%	29.39%	22.10%	23.21%
R&D	5.02M	5.91M	8.22M	12.74M	15.08M	15.56M	19.13M	22.12M	22.67M	23.08M
R&D as % of Total Revenue	5.48%	4.87%	4.36%	4.06%	3.59%	3.81%	5.34%	5.79%	6.32%	5.80%
Interest Expense	-	14.48K	18.40K	50.10K	72.50K	48.90K	30.34K	40.88K	4.32K	14.96K
Interest Expense % of Total Revenue	-	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.00%	0.00%

Balance Sheet

Currency: CNY	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	246.68M	260.66M	369.32M	534.72M	689.96M	1.21B	1.32B	1.39B	1.42B	1.54B
Total Liabilities	125.92M	37.22M	59.50M	125.73M	133.66M	135.89M	158.62M	166.89M	173.06M	226.09M
Total Equity	120.77M	223.44M	309.82M	408.99M	556.30M	1.08B	1.16B	1.23B	1.25B	1.31B
Cash	38.53M	95.85M	170.91M	220.24M	313.00M	668.93M	713.69M	695.25M	548.07M	619.39M
Total Debt	-	-	-	-	14.39M	24.35M	5.03M	15.17M	8.15M	-
Net Debt	-38.53M	-95.85M	-170.91M	-220.24M	-298.61M	-644.58M	-708.66M	-695.16M	-548.07M	-

Cash Flow

Currency: CNY	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	26.40M	41.82M	60.81M	80.18M	124.13M	98.18M	38.51M	68.40M	20.80M	109.79M
Investing Cash Flow	-17.39M	55.49M	1.98M	-8.96M	2.77M	-124.53M	36.63M	-40.29M	-109.20M	-
Financing Cash Flow	-4.30M	-40.00M	12.07M	-28.00M	-30.61M	382.27M	-27.86M	-48.75M	-61.88M	-
Capital Expenditure	11.75M	2.45M	4.65M	7.22M	2.67M	24.68M	88.12M	46.92M	110.84M	13.98M
Free Cash Flow	14.65M	39.37M	56.15M	72.96M	121.46M	73.51M	-49.61M	21.48M	-90.04M	95.81M
Dividends Paid	4.30M	100.00M	8.00M	28.00M	29.25M	69.64M	27.86M	48.75M	41.78M	27.52M
FCF to OCF	55.50%	94.14%	92.35%	91.00%	97.85%	74.87%	-128.81%	31.40%	-432.86%	87.27%
Dividend Paid to FCF	29.37%	253.98%	14.25%	38.38%	24.08%	94.74%	-56.15%	226.99%	-46.41%	28.72%

Earnings

Report Date	Aug 24, 2021	Oct 26, 2021	Dec 31, 2021	Apr 24, 2022	Aug 25, 2022	Oct 24, 2022	Dec 31, 2022	Apr 23, 2023	Aug 27, 2023	Oct 23, 2023	Dec 31, 2023	Apr 28, 2024	Jun 30, 2024	Oct 28, 2024	Dec 31, 2024	Apr 27, 2025	Jun 30, 2025	Sep 30, 2025	Dec 31, 2025	Mar 31, 2026	Jun 30, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.31	0.56	0.27	0.22	0.20	0.27	0.09	0.09	0.17	0.17	0.17	0.05	0.18	0.10	0.25	0.06	0.20	0.14	0.28	0.02	0.05
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	After-hours	Pre-market	-	Pre-market	Pre-market	After-hours	-	Pre-market	Pre-market	After-hours	-	Pre-market	-	Pre-market	-	Pre-market	-	-	-	-	-

Key Statistics & Ratios

Market Cap1.93B

Enterprise Value1.34B

Trailing P/E28.90

Forward P/E0.00

Price / Sales5.09

Price / Book1.50

EPS0.48

Book Value9.45

Revenue (TTM)379.86M

Gross Profit (TTM)189.55M

EBITDA91.70M

Profit Margin17.52%

Operating Margin5.49%

Return on Equity5.21%

Return on Assets3.18%

Shares Outstanding139.28M

Shares Float51.03M

Beta0.48

Dividend Yield1.44%

Dividend Rate0.20

Payout Ratio41.36%

Dividends

20261×

0.20Jul 16, 2026

20251×

0.20Jul 9, 2025

20241×

0.30Jul 9, 2024

20231×

0.35Jul 11, 2023

20221×

0.20Jul 11, 2022

20211×

0.50Aug 10, 2021