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200521.SHE Changhong Meiling Co Ltd B
- Market cap
- HKD 2.62B
- P/E
- -
- P/B
- 0.38x
- ROE
- 0.2%
- Dividend yield
- 9.51%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 200521.SHE undervalued?
Graham numberThe Graham number of Changhong Meiling Co Ltd B cannot be estimated reliably (it needs positive earnings and book value).
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?
Changhong Meiling Co Ltd B fundamental analysis
No fundamental analysis for Changhong Meiling Co Ltd B yet.
Changhong Meiling Co Ltd B stock price
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About Changhong Meiling Co Ltd B
Changhong Meiling Co., Ltd. engages in the research, development, and manufacturing of refrigeration appliances and washing machines in China and internationally. It operates through four segments: Air Conditioning; Refrigerator, Freezer and Washing Machine; Small Homehold Appliance; and Others. The company offers a refrigerator (freezer) lineup, which includes the household, commercial, and medical series of professional refrigerating appliances; ultra-low temperature freez…
Full company profileChanghong Meiling Co Ltd B 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.
Changhong Meiling Co Ltd B 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 | 12.5B | 16.8B | 17.5B | 16.6B | 15.4B | 18.0B | 20.2B | 24.4B | 28.6B | 30.4B | 30.4B |
| Gross Profit | 2.49B | 2.96B | 3.23B | 3.08B | 2.48B | 2.11B | 2.73B | 3.20B | 3.09B | 3.19B | 2.48B |
| Operating Income | 196M | 51.2M | 49.1M | 68.7M | -86.7M | 84.6M | 286M | 798M | 815M | 483M | -75.4M |
| EBITDA | 445M | 311M | 360M | 474M | 359M | 517M | 692M | 1.25B | 1.25B | 1.01B | 97.5M |
| Net Income | 220M | 32.5M | 38.7M | 56.4M | -85.6M | 51.9M | 245M | 736M | 699M | 410M | 11.3M |
| EPS | 0.27 | 0.03 | 0.04 | 0.05 | -0.08 | 0.05 | 0.24 | 0.71 | 0.68 | 0.40 | 0.01 |
| Balance Sheet | |||||||||||
| Total Assets | 12.5B | 16.0B | 15.6B | 14.2B | 16.1B | 15.2B | 16.2B | 19.4B | 24.0B | 22.3B | 26.6B |
| Total Liabilities | 7.34B | 10.8B | 10.4B | 9.09B | 11.1B | 10.2B | 10.7B | 13.2B | 17.5B | 15.8B | 20.4B |
| Shareholders' Equity | 5.10B | 5.05B | 5.02B | 5.00B | 4.85B | 4.84B | 5.17B | 5.82B | 6.09B | 6.08B | 5.83B |
| Cash & Short-term Investments | 4.07B | 5.30B | 4.61B | 5.51B | 6.64B | 5.96B | 6.90B | 8.88B | 10.9B | 10.2B | 10.9B |
| Total Debt | 599M | 1.93B | 2.61B | 1.51B | 1.93B | 1.16B | 881M | 1.29B | 869M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 985M | -552M | -221M | 1.29B | 1.40B | 161M | 1.47B | 2.08B | 3.97B | 860M | - |
| Capital Expenditure | 135M | 537M | 633M | 326M | 365M | 262M | 276M | 274M | 325M | 426M | 495M |
| Free Cash Flow | 851M | -1.09B | -853M | 959M | 1.04B | -101M | 1.19B | 1.81B | 3.65B | 434M | 648M |
| Ratios | |||||||||||
| ROE | 4.3% | 0.6% | 0.8% | 1.1% | -1.8% | 1.1% | 4.7% | 12.6% | 11.5% | 6.7% | 0.2% |
| ROA | 1.8% | 0.2% | 0.2% | 0.4% | -0.5% | 0.3% | 1.5% | 3.8% | 2.9% | 1.8% | 0.0% |
| Net Profit Margin | 1.8% | 0.2% | 0.2% | 0.3% | -0.6% | 0.3% | 1.2% | 3.0% | 2.4% | 1.3% | 0.0% |
| Debt to Equity | 0.12x | 0.38x | 0.52x | 0.30x | 0.40x | 0.24x | 0.17x | 0.22x | 0.14x | - | - |
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.
Changhong Meiling Co Ltd B dividends
- Dividend yield
- 9.51%
- Forward dividend
- 0.24 HKD
- Payout ratio
- 89.4%
- Ex-dividend date
- Jun 23, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 367M | 0.36 | 89.4% |
| 2024 | CNY 333M | 0.32 | 47.6% |
| 2023 | CNY 117M | 0.11 | 15.9% |
| 2022 | CNY 51.5M | 0.05 | 21.1% |
| 2021 | CNY 51.8M | 0.05 | 99.8% |
| 2020 | CNY 52.3M | 0.05 | - |
| 2019 | HKD 62.7M | 0.06 | 111.0% |
| 2018 | HKD 128M | 0.12 | 332.1% |
| 2017 | HKD 104M | 0.10 | 320.3% |
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: 12:10 on Aug 21, 2012.
Who owns Changhong Meiling Co Ltd B
- Insiders 33.28%
- Institutions 0.00%
- Public & others 66.72%
- Shares outstanding 148M
- Free float 662M
Changhong Meiling Co Ltd B company profile
- Company name
- Changhong Meiling Co Ltd B
- Ticker
- 200521.SHE
- ISIN
- CNE000000M23
- Exchange
- Shenzhen Stock Exchange
- Sector
- Consumer Cyclical
- Industry
- Household Durables
- Employees
- 14,028
- Fiscal year end
- December
- Address
- Economic and Technology Development Zone, Hefei, China, 230601
- Phone
- 86 55 1622 19021
- Website
- global.meiling.com
About Changhong Meiling Co Ltd B
Changhong Meiling Co., Ltd. engages in the research, development, and manufacturing of refrigeration appliances and washing machines in China and internationally. It operates through four segments: Air Conditioning; Refrigerator, Freezer and Washing Machine; Small Homehold Appliance; and Others. The company offers a refrigerator (freezer) lineup, which includes the household, commercial, and medical series of professional refrigerating appliances; ultra-low temperature freezers; washing machine lineup, such as the front-load washer, top-load washer, dryer, and washer and dryer combo; kitchen, household, and small home appliances; and air-conditioners, as well as white goods. It also operates research and development centers, research institutes, laboratories, and test stations. The company was formerly known as Hefei Meiling Co., Ltd. and changed its name to Changhong Meiling Company Co., Ltd. in July 2018. Changhong Meiling Company Co., Ltd. was founded in 1983 is based in Hefei, China.
Changhong Meiling Co Ltd B management
8- Mr. Youdao TangPresident, VP & Director · born 1970
- Mr. Bing YangChief Financial Officer · born 1975
- Ms. Liuxu YangBoard Secretary · born 1985
- Mr. Zhao YongPrincipal · born 1963
- Ms. Ge JiDirector of Legal Department & Staff supervisor · born 1982
- Mr. Tang ShenjieVice President · born 1987
- Mr. Huang HerongVice President · born 1975
- Mr. Zhang HaoVice President · born 1987