002724.SHE Ocean’s King Lighting Science & Technology Co Ltd
- Market cap
- CNY 9.42B
- P/E
- 87.2x
- P/B
- 4.13x
- ROE
- 3.0%
- Dividend yield
- 0.42%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002724.SHE undervalued?
Graham numberThe Graham number of Ocean’s King Lighting Science & Technology Co Ltd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Ocean’s King Lighting Science & Technology Co Ltd fundamental analysis
No fundamental analysis for Ocean’s King Lighting Science & Technology Co Ltd yet.
Ocean’s King Lighting Science & Technology Co Ltd stock price
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About Ocean’s King Lighting Science & Technology Co Ltd
Ocean's King Lighting Science & Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of lighting equipment in China and internationally. It offers lighting products, including fixed explosion-proof, fixed professional, mobile professional, portable explosion-proof, and portable professional lighting; and control products, such as detectors, controllers, and gateways. The company also provides value-added services. I…
Full company profileOcean’s King Lighting Science & Technology Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Ocean’s King Lighting Science & Technology Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 925M | 1.10B | 1.25B | 1.49B | 1.70B | 2.11B | 1.73B | 1.70B | 1.71B | 1.72B | 1.44B |
| Gross Profit | 656M | 777M | 894M | 1.05B | 1.05B | 1.30B | 971M | 995M | 1.03B | 987M | 824M |
| Operating Income | 109M | 181M | 222M | 292M | 390M | 480M | 167M | 10.6M | -341M | 68.4M | 5.30M |
| EBITDA | 173M | 227M | 265M | 327M | 418M | 519M | 197M | 66.3M | -297M | 161M | 187M |
| Net Income | 111M | 152M | 190M | 257M | 301M | 392M | 139M | 43.7M | -147M | 110M | 83.5M |
| EPS | 0.15 | 0.21 | 0.26 | 0.36 | 0.40 | 0.50 | 0.18 | 0.06 | -0.19 | 0.14 | 0.11 |
| Balance Sheet | |||||||||||
| Total Assets | 1.88B | 2.06B | 2.19B | 2.44B | 3.34B | 3.79B | 3.86B | 3.91B | 3.54B | 3.59B | 3.36B |
| Total Liabilities | 254M | 298M | 292M | 354M | 551M | 652M | 760M | 807M | 854M | 792M | 594M |
| Shareholders' Equity | 1.63B | 1.76B | 1.90B | 2.08B | 2.64B | 2.91B | 2.84B | 2.87B | 2.64B | 2.77B | 2.75B |
| Cash & Short-term Investments | 436M | 958M | 1.01B | 1.19B | 1.17B | 934M | 1.00B | 1.11B | 870M | 423M | 282M |
| Total Debt | 11.7M | 4.50M | - | 38.3M | 20.0M | 12.1M | 30.4M | 57.5M | 43.9M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 95.9M | 154M | 121M | 254M | 299M | 214M | -9.36M | 142M | 356M | 198M | - |
| Capital Expenditure | 47.5M | 30.6M | 38.4M | 28.8M | 11.2M | 59.3M | 28.6M | 5.89M | 14.3M | 35.1M | 9.23M |
| Free Cash Flow | 48.4M | 123M | 82.1M | 226M | 288M | 155M | -38.0M | 136M | 342M | 163M | 28.1M |
| Ratios | |||||||||||
| ROE | 6.8% | 8.6% | 10.0% | 12.3% | 11.4% | 13.5% | 4.9% | 1.5% | -5.6% | 4.0% | 3.0% |
| ROA | 5.9% | 7.4% | 8.7% | 10.6% | 9.0% | 10.3% | 3.6% | 1.1% | -4.1% | 3.1% | 2.5% |
| Net Profit Margin | 12.0% | 13.9% | 15.2% | 17.2% | 17.6% | 18.6% | 8.0% | 2.6% | -8.6% | 6.4% | 5.8% |
| Debt to Equity | 0.01x | 0.00x | - | 0.02x | 0.01x | 0.00x | 0.01x | 0.02x | 0.02x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Ocean’s King Lighting Science & Technology Co Ltd dividends
- Dividend yield
- 0.42%
- Forward dividend
- 0.10 CNY
- Payout ratio
- 36.1%
- Ex-dividend date
- Jun 4, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 39.8M | 0.05 | 36.1% |
| 2024 | CNY 32.0M | 0.04 | - |
| 2023 | CNY 54.0M | 0.07 | 123.7% |
| 2022 | CNY 156M | 0.20 | 112.2% |
| 2021 | CNY 120M | 0.15 | 30.6% |
| 2020 | CNY 72.0M | 0.10 | 23.9% |
| 2019 | CNY 72.0M | 0.10 | 28.0% |
| 2018 | CNY 60.0M | 0.08 | 31.6% |
| 2017 | CNY 22.0M | 0.03 | 14.5% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.2:1 on Jun 26, 2018.
Who owns Ocean’s King Lighting Science & Technology Co Ltd
- Insiders 72.15%
- Institutions 1.02%
- Public & others 26.83%
- Shares outstanding 771M
- Free float 212M
Ocean’s King Lighting Science & Technology Co Ltd company profile
- Company name
- Ocean’s King Lighting Science & Technology Co Ltd
- Ticker
- 002724.SHE
- ISIN
- CNE100001WG4
- Exchange
- Shenzhen Stock Exchange
- Sector
- Industrials
- Industry
- Electrical Equipment
- Employees
- 3,213
- Fiscal year end
- December
- Address
- Ocean's King Science & Technology Tower, Shenzhen, China, 518107
- Phone
- 86 755 2649 2666
- Website
- haiyangwang.com
About Ocean’s King Lighting Science & Technology Co Ltd
Ocean's King Lighting Science & Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of lighting equipment in China and internationally. It offers lighting products, including fixed explosion-proof, fixed professional, mobile professional, portable explosion-proof, and portable professional lighting; and control products, such as detectors, controllers, and gateways. The company also provides value-added services. Its products are used in power generation, mining and industrial, oil and gas, water and wastewater, and transportation applications. The company was founded in 1995 and is headquartered in Shenzhen, China.
Ocean’s King Lighting Science & Technology Co Ltd management
6- Mr. Liangjie QiuRotating President & Director · born 1980
- Ms. Yan ChenBoard Secretary & Vice Chairman · born 1974
- Mr. Liyu ZhuFinancial Director · born 1972
- Mr. Chun WangVP & Director · born 1976
- Mr. Hongyu LinVice President · born 1970
- Lilai LiaoAccounting Supervisor