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Ningbo Deye Technology Co Ltd

Ningbo Deye Technology Co Ltd

605117 · SHG · Industrials / Electrical Equipment & Parts

74.00CNY-1.19 (-1.58%)

Price History

Full chart

Market Stats

Previous Close75.19
Open75.00
Day Range73.40 – 75.53
52-Week Range48.50 – 126.90
Volume10.26M
Market Cap99.52B
P/E (TTM)22.66
Forward P/E0.00
EPS3.45
Dividend Yield4.09%
Beta0.42
50-Day Avg86.02
200-Day Avg88.04

About

Ningbo Deye Technology Group Co., Ltd., together with its subsidiaries, researches, designs, develops, produces, sells and services solar inverter systems, frequency conversion control systems, environmental electrical appliances, and heat exchangers in China. The company offers energy storage, string, and grid-tied micro inverters, as well as energy storage systems; and household, industrial, fresh air, pipe ceiling, and rotary dehumidifiers, as well as integrated dehumidification and humidification machines, constant temperature and humidity machines, and various customized non-standard air treatment equipment. It also provides solar air conditioners, including wall-mount PV generator, PV duct-type air conditioner, and PV water heater; solar water pumps; frequency conversion air conditioners; PCBA supporting solutions; and evaporators and condensers. In addition, the company is involved in scientific research and technical services; technology promotion and application services; investment activities; and wholesale and retail trade. It exports its products in Germany, India, South Africa, Ukraine, the United Arab Emirates, and internationally. The company was founded in 2000 and is based in Ningbo, China.

Company Details

  • SectorIndustrials
  • IndustryElectrical Equipment & Parts
  • CEOMr. Dongye Zhang
  • Employees6.04K
  • HeadquartersNo. 26, Yongjiang South Road, Ningbo, China, 315806, China
  • Websitehttps://www.deye.com.cn

Leadership

  • Mr. Dongye ZhangVice Chairman & GM · b. 1981
  • Mr. Zui TanDeputy GM, CFO & Director · b. 1974
  • Mr. Shujian LiuBoard Secretary · b. 1985
  • Ming Shi YangAccounting Supervisor

Financials

Income Statement

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue930.33M1.51B1.69B2.57B3.02B4.17B5.96B7.48B11.21B12.22B
Growth (%)-+61.89%+12.25%+52.02%+17.65%+37.85%+42.89%+25.59%+49.82%+9.08%
Cost of Revenue703.54M1.18B1.37B2.03B2.34B3.22B3.70B4.51B6.86B7.56B
Gross Profit226.79M321.37M323.99M540.50M682.73M951.68M2.26B2.97B4.34B4.66B
Gross Margin24.38%21.34%19.16%21.03%22.58%22.83%37.89%39.74%38.76%38.13%
Operating Expense100.93M194.26M211.33M249.38M252.04M295.14M500.13M875.00M939.64M1.22B
Operating Income125.86M127.11M112.66M291.12M430.69M656.54M1.76B2.10B3.40B3.44B
Operating Margin13.53%8.44%6.66%11.33%14.24%15.75%29.49%28.04%30.38%28.12%
EBITDA146.04M149.82M140.29M318.79M465.15M651.36M1.68B2.06B3.39B3.90B
EBITDA Margin15.70%9.95%8.30%12.40%15.38%15.63%28.20%27.58%30.26%31.87%
Net Income90.53M93.02M102.02M259.71M382.45M578.56M1.52B1.79B2.96B3.17B
Net Income Margin9.73%6.18%6.03%10.11%12.65%13.88%25.48%23.94%26.42%25.94%
R&D30.80M56.93M70.26M86.80M101.70M133.20M287.24M436.40M548.90M562.10M
R&D as % of Total Revenue3.31%3.78%4.16%3.38%3.36%3.20%4.82%5.83%4.90%4.60%
Interest Expense7.14M5.30M4.07M4.23M8.76M1.52M31.06M75.48M49.20M57.70M
Interest Expense % of Total Revenue0.77%0.35%0.24%0.16%0.29%0.04%0.52%1.01%0.44%0.47%

Balance Sheet

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets611.11M592.65M868.19M1.21B1.68B3.92B8.51B10.82B15.11B19.91B
Total Liabilities353.29M342.10M540.66M663.93M808.25M1.28B4.42B5.59B5.66B9.58B
Total Equity190.40M229.34M327.53M548.83M867.27M2.64B4.06B5.23B9.45B10.31B
Cash65.69M89.01M168.21M438.24M522.32M1.66B2.18B2.98B3.55B6.61B
Total Debt95.75M87.00M57.00M45.70M10.00M14.22M1.81B2.73B3.04B-
Net Debt30.06M-2.01M-111.21M-392.54M-512.32M-1.64B-362.24M1.10B-515.26M-

Cash Flow

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow141.74M76.83M166.21M380.76M453.68M796.61M2.20B2.08B3.37B3.99B
Investing Cash Flow-173.63M57.69M-59.82M-54.69M-233.06M-923.22M-3.22B-1.72B-1.81B-
Financing Cash Flow6.62M-115.26M-60.69M-57.04M-102.60M1.18B1.59B-177.88M-660.08M-
Capital Expenditure29.08M45.71M56.42M57.08M83.68M601.95M809.14M748.80M468.90M1.29B
Free Cash Flow112.66M31.11M109.79M323.67M369.99M194.66M1.39B1.33B2.90B2.70B
Dividends Paid5.14M18.78M4.08M38.40M60.26M133.07M204.80M538.22M1.68B2.74B
FCF to OCF79.48%40.50%66.06%85.01%81.55%24.44%63.28%64.02%86.07%67.71%
Dividend Paid to FCF4.57%60.36%3.72%11.86%16.29%68.36%14.69%40.40%57.89%101.50%

Earnings

Report DateAug 27, 2021Oct 28, 2021Mar 7, 2022Apr 28, 2022Aug 17, 2022Oct 28, 2022Apr 27, 2023Oct 27, 2023Apr 24, 2024Aug 26, 2024Oct 29, 2025Dec 31, 2025Apr 29, 2026
EPS Estimate------0.360.500.160.430.790.640.88
EPS Actual0.470.880.740.552.532.000.440.270.360.480.640.600.90
Surprise------22.22%-46.00%125.00%11.63%-18.99%-7.17%2.27%
TimingAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hours-Pre-market

Key Statistics & Ratios

Market Cap99.52B
Enterprise Value91.02B
Trailing P/E22.66
Forward P/E0.00
Price / Sales5.74
Price / Book8.65
EPS3.45
Book Value9.02
Revenue (TTM)17.33B
Gross Profit (TTM)6.57B
EBITDA5.14B
Profit Margin25.20%
Operating Margin26.70%
Return on Equity41.78%
Return on Assets14.13%
Shares Outstanding1.27B
Shares Float497.65M
Beta0.42
Dividend Yield4.09%
Dividend Rate3.20
Payout Ratio121.28%

Dividends

20262×
1.60Oct 14, 20261.80May 22, 2026
20252×
0.79Nov 5, 20251.33Jun 13, 2025
20242×
0.61Dec 18, 20240.77May 29, 2024
20231×
0.82May 23, 2023
20221×
0.24May 26, 2022
20211×
0.12Jun 28, 2021

Stock Splits

  • May 22, 20261.4:1
  • Jun 13, 20251.4:1
  • May 29, 20241.4:1
  • May 23, 20231.8:1
  • May 26, 20221.4:1