002881.SHE Shenzhen MeiG Smart Technology Co Ltd
- Market cap
- CNY 11.7B
- P/E
- 50.9x
- P/B
- 3.97x
- ROE
- 8.7%
- Dividend yield
- 0.36%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002881.SHE undervalued?
Graham number002881.SHE trades 199.8% above its Graham number.
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?
Shenzhen MeiG Smart Technology Co Ltd fundamental analysis
No fundamental analysis for Shenzhen MeiG Smart Technology Co Ltd yet.
Shenzhen MeiG Smart Technology Co Ltd stock price
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About Shenzhen MeiG Smart Technology Co Ltd
MeiG Smart Technology Co., Ltd. engages in the research and development, production, and sale of wireless communication modules and Internet of Things solutions in China and internationally. Its products include 5G smart, 5G and 4G LTE, AI computing, automotive, smart, LPWA, and GNSS modules; and wireless data solutions for use in smart positioning and tracking, payment methods for retailers, blind spot monitoring driving, logistics, and alarm and gas alarm solutions in ener…
Full company profileShenzhen MeiG Smart 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.
Shenzhen MeiG Smart 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 | 480M | 642M | 990M | 933M | 1.12B | 1.97B | 2.31B | 2.15B | 2.94B | 3.75B | 4.70B |
| Gross Profit | 111M | 152M | 157M | 181M | 232M | 363M | 405M | 396M | 485M | 529M | 842M |
| Operating Income | 50.5M | 62.4M | 46.8M | 19.0M | 16.6M | 114M | 107M | 37.5M | 153M | 176M | 428M |
| EBITDA | 74.4M | 79.1M | 65.3M | 34.8M | 26.8M | 140M | 182M | 99.6M | 160M | 214M | 315M |
| Net Income | 46.7M | 56.3M | 46.7M | 24.5M | 27.4M | 118M | 128M | 64.5M | 136M | 143M | 249M |
| EPS | 0.26 | 0.27 | 0.20 | 0.10 | 0.12 | 0.50 | 0.54 | 0.25 | 0.52 | 0.55 | 0.82 |
| Balance Sheet | |||||||||||
| Total Assets | 473M | 815M | 898M | 785M | 979M | 1.50B | 1.73B | 2.14B | 2.76B | 2.97B | 5.12B |
| Total Liabilities | 245M | 322M | 368M | 236M | 397M | 811M | 906M | 665M | 1.19B | 1.26B | 2.25B |
| Shareholders' Equity | 228M | 493M | 529M | 549M | 582M | 689M | 819M | 1.48B | 1.57B | 1.70B | 2.86B |
| Cash & Short-term Investments | 17.7M | 97.6M | 106M | 191M | 218M | 191M | 85.1M | 149M | 350M | 311M | 1.00B |
| Total Debt | 81.4M | 56.0M | 69.5M | 15.0M | 20.0M | 331M | 415M | 14.3M | 354M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 3.40M | -17.0M | 36.7M | 30.9M | 68.4M | -200M | 31.8M | -31.3M | -130M | 32.5M | - |
| Capital Expenditure | 9.85M | 7.73M | 8.65M | 36.8M | 9.68M | 18.1M | 61.5M | 88.4M | 27.5M | 46.1M | 54.0M |
| Free Cash Flow | -6.45M | -24.7M | 28.1M | -5.99M | 58.8M | -218M | -29.7M | -120M | -157M | -13.6M | -336M |
| Ratios | |||||||||||
| ROE | 20.5% | 11.4% | 8.8% | 4.5% | 4.7% | 17.1% | 15.6% | 4.4% | 8.7% | 8.4% | 8.7% |
| ROA | 9.9% | 6.9% | 5.2% | 3.1% | 2.8% | 7.9% | 7.4% | 3.0% | 4.9% | 4.8% | 4.9% |
| Net Profit Margin | 9.7% | 8.8% | 4.7% | 2.6% | 2.4% | 6.0% | 5.5% | 3.0% | 4.6% | 3.8% | 5.3% |
| Debt to Equity | 0.36x | 0.11x | 0.13x | 0.03x | 0.03x | 0.48x | 0.51x | 0.01x | 0.23x | - | - |
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.
Shenzhen MeiG Smart Technology Co Ltd dividends
- Dividend yield
- 0.36%
- Forward dividend
- 0.10 CNY
- Payout ratio
- 29.6%
- Ex-dividend date
- Jul 21, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 42.2M | 0.16 | 29.6% |
| 2024 | CNY 26.5M | 0.10 | 19.5% |
| 2023 | CNY 32.3M | 0.12 | 50.0% |
| 2022 | CNY 24.8M | 0.10 | 19.4% |
| 2021 | CNY 3.65M | 0.02 | 3.1% |
| 2020 | CNY 3.63M | 0.02 | 13.2% |
| 2019 | CNY 4.90M | 0.02 | 20.0% |
| 2018 | CNY 13.6M | 0.06 | 29.1% |
| 2017 | CNY 2.57M | 0.01 | 4.6% |
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: 1.3:1 on Jun 10, 2022.
Who owns Shenzhen MeiG Smart Technology Co Ltd
- Insiders 56.52%
- Institutions 2.19%
- Public & others 41.28%
- Shares outstanding 262M
- Free float 161M
Shenzhen MeiG Smart Technology Co Ltd company profile
- Company name
- Shenzhen MeiG Smart Technology Co Ltd
- Ticker
- 002881.SHE
- ISIN
- CNE100002Q41
- Exchange
- Shenzhen Stock Exchange
- Sector
- Technology
- Industry
- Communications Equipment
- Employees
- 983
- Fiscal year end
- December
- Address
- No.1006 Shennan Avenue, Shenzhen, China, 518026
- Phone
- 86 755 8321 8588
- Website
- meigsmart.com
About Shenzhen MeiG Smart Technology Co Ltd
MeiG Smart Technology Co., Ltd. engages in the research and development, production, and sale of wireless communication modules and Internet of Things solutions in China and internationally. Its products include 5G smart, 5G and 4G LTE, AI computing, automotive, smart, LPWA, and GNSS modules; and wireless data solutions for use in smart positioning and tracking, payment methods for retailers, blind spot monitoring driving, logistics, and alarm and gas alarm solutions in energy sectors. MeiG Smart Technology Co., Ltd. was formerly known as Shenzhen MeiG Smart Technology Co., Ltd and changed its name to MeiG Smart Technology Co., Ltd. in December 2017. The company was incorporated in 2007 and is headquartered in Shenzhen, China.
Shenzhen MeiG Smart Technology Co Ltd management
6- Mr. Ping WangGM & Chairman of the Board of Directors · born 1979
- Mr. Guobin DuExecutive Vice Chairman · born 1980
- Mr. Youqing XiaCFO, Deputy GM & Executive Director · born 1976
- Mr. Min HuangDeputy GM, Board Secretary & Executive Director · born 1986
- Zhou Sheng ZhouVice Finance Manager & Accounting Supervisor
- Mr. Kai Yin AuJoint Company Secretary