002938.SHE Avary Holding Shenzhen Co Ltd Class A
- Market cap
- CNY 115B
- P/E
- 30.6x
- P/B
- 3.68x
- ROE
- 9.3%
- Dividend yield
- 2.13%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002938.SHE undervalued?
Graham number002938.SHE trades 123.6% 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?
Avary Holding Shenzhen Co Ltd Class A fundamental analysis
No fundamental analysis for Avary Holding Shenzhen Co Ltd Class A yet.
Avary Holding Shenzhen Co Ltd Class A stock price
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About Avary Holding Shenzhen Co Ltd Class A
Avary Holding(Shenzhen)Co., Limited engages in the design, development, manufacture, and sale of printed circuit boards in China, the United States, rest of Asia, and Europe. The company's products are used in communication, consumer electronics, computer, and automotive electronics, as well as in industrial control industries. It is also involved in the leasing of properties; warehousing services; wholesale, import, and export of electronic information products and related …
Full company profileAvary Holding Shenzhen Co Ltd Class A 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.
Avary Holding Shenzhen Co Ltd Class A 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 | 17.1B | 23.9B | 25.9B | 26.6B | 29.9B | 33.3B | 36.2B | 32.1B | 35.1B | 39.1B | 38.9B |
| Gross Profit | 2.76B | 4.25B | 5.88B | 6.18B | 5.89B | 6.62B | 8.58B | 6.68B | 7.12B | 4.29B | 9.74B |
| Operating Income | 1.17B | 2.14B | 3.40B | 3.43B | 3.29B | 3.81B | 5.62B | 3.57B | 4.04B | 4.29B | 4.15B |
| EBITDA | 2.14B | 3.41B | 4.88B | 5.06B | 5.14B | 6.14B | 8.32B | 6.19B | 6.20B | 7.29B | 3.82B |
| Net Income | 1.00B | 1.83B | 2.77B | 2.92B | 2.84B | 3.32B | 5.01B | 3.29B | 3.62B | 3.74B | 3.26B |
| EPS | 0.59 | 0.93 | 1.30 | 1.27 | 1.23 | 1.43 | 2.17 | 1.42 | 1.56 | 1.61 | 1.41 |
| Balance Sheet | |||||||||||
| Total Assets | 18.4B | 23.2B | 27.3B | 28.9B | 33.3B | 35.5B | 38.8B | 42.3B | 44.5B | 48.8B | 58.3B |
| Total Liabilities | 8.25B | 10.9B | 9.47B | 9.03B | 11.7B | 11.7B | 10.9B | 12.6B | 12.2B | 14.1B | 22.1B |
| Shareholders' Equity | 10.2B | 12.3B | 17.9B | 19.8B | 21.6B | 23.8B | 27.9B | 29.7B | 32.1B | 34.1B | 35.0B |
| Cash & Short-term Investments | 4.35B | 2.22B | 7.30B | 7.26B | 5.67B | 3.17B | 8.21B | 10.9B | 13.5B | 12.0B | 7.14B |
| Total Debt | 1.94B | 3.46B | 2.05B | 2.25B | 2.48B | 3.74B | 3.22B | 4.04B | 3.51B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 1.72B | 1.67B | 6.21B | 4.16B | 5.18B | 4.30B | 11.0B | 7.97B | 7.08B | 7.29B | - |
| Capital Expenditure | 2.01B | 3.31B | 4.04B | 3.85B | 5.45B | 6.97B | 4.34B | 3.51B | 2.84B | 6.63B | 14.9B |
| Free Cash Flow | -294M | -1.63B | 2.17B | 316M | -271M | -2.67B | 6.62B | 4.46B | 4.24B | 659M | -7.33B |
| Ratios | |||||||||||
| ROE | 9.8% | 14.9% | 15.5% | 14.7% | 13.2% | 13.9% | 17.9% | 11.1% | 11.3% | 10.9% | 9.3% |
| ROA | 5.4% | 7.9% | 10.1% | 10.1% | 8.5% | 9.3% | 12.9% | 7.8% | 8.1% | 7.7% | 5.6% |
| Net Profit Margin | 5.9% | 7.6% | 10.7% | 11.0% | 9.5% | 10.0% | 13.8% | 10.3% | 10.3% | 9.5% | 8.4% |
| Debt to Equity | 0.19x | 0.28x | 0.11x | 0.11x | 0.12x | 0.16x | 0.12x | 0.14x | 0.11x | - | - |
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.
Avary Holding Shenzhen Co Ltd Class A dividends
- Dividend yield
- 2.13%
- Forward dividend
- 1.00 CNY
- Payout ratio
- 65.3%
- Ex-dividend date
- Jun 12, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 2.44B | 1.05 | 65.3% |
| 2024 | CNY 1.28B | 0.55 | 35.3% |
| 2023 | CNY 1.62B | 0.70 | 49.4% |
| 2022 | CNY 1.16B | 0.50 | 23.2% |
| 2021 | CNY 1.19B | 0.51 | 35.9% |
| 2020 | CNY 1.16B | 0.50 | 40.7% |
| 2019 | CNY 1.22B | 0.53 | 41.9% |
| 2018 | CNY 1.03B | 0.48 | 37.2% |
| 2017 | CNY 1.45B | 0.74 | 79.4% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Avary Holding Shenzhen Co Ltd Class A
- Insiders 71.68%
- Institutions 7.50%
- Public & others 20.82%
- Shares outstanding 2.32B
- Free float 657M
Avary Holding Shenzhen Co Ltd Class A company profile
- Company name
- Avary Holding Shenzhen Co Ltd Class A
- Ticker
- 002938.SHE
- ISIN
- CNE100003GF5
- Exchange
- Shenzhen Stock Exchange
- Sector
- Technology
- Industry
- Electronic Equipment, Instruments & Components
- Employees
- 47,573
- Fiscal year end
- December
- Address
- Pengding Times Building, Shenzhen, China, 518101
- Phone
- 86 75 5338 10388
- Website
- avaryholding.com
About Avary Holding Shenzhen Co Ltd Class A
Avary Holding(Shenzhen)Co., Limited engages in the design, development, manufacture, and sale of printed circuit boards in China, the United States, rest of Asia, and Europe. The company's products are used in communication, consumer electronics, computer, and automotive electronics, as well as in industrial control industries. It is also involved in the leasing of properties; warehousing services; wholesale, import, and export of electronic information products and related boards; water pollution control; environmental consulting services; and real estate development and operation activities. The company was founded in 1999 and is headquartered in Shenzhen, China. Avary Holding(Shenzhen)Co., Limited operates as a subsidiary of Shenzhen Meigang Industrual Co., Ltd.
Avary Holding Shenzhen Co Ltd Class A management
9- Mr. Qingfang ShenChairman & CEO · born 1952
- Mr. Dewang XiaoDeputy GM, Accounting Supervisor & CFO · born 1966
- Mr. Yihong LinGM & Director · born 1967
- Ms. Hong ZhouDeputy GM & Secretary of the Board · born 1965
- Mr. Jiahong ZhongDeputy General Manager · born 1976
- Mr. Guoqiang GaoDeputy General Manager · born 1964
- Ms. Weizhen YangDeputy General Manager · born 1967
- Mr. Guo Sheng ChenGeneral Manager · born 1964
- Mr. An Zhi LuoDeputy General Manager · born 1975