O 
Ocean's King Lighting Science & Technology Co 002724.SZ · CNY
Industrials · Shenzhen · 🇨🇳 China
12.90
+7.77%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.72bn
FY2016FY2025
Net income
CN¥110.1m
FY2016FY2025
Free cash flow
CN¥162.6m
FY2016FY2025
Shareholders' equity
CN¥2.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.72bn | CN¥1.71bn | CN¥1.70bn | CN¥1.73bn | CN¥2.11bn | CN¥1.70bn | CN¥1.49bn | CN¥1.25bn | CN¥1.10bn | CN¥924.9m |
| Gross profit | CN¥986.9m | CN¥1.03bn | CN¥994.6m | CN¥970.9m | CN¥1.30bn | CN¥1.05bn | CN¥1.05bn | CN¥894.0m | CN¥776.7m | CN¥655.6m |
| Research and development | CN¥125.5m | CN¥120.8m | CN¥115.2m | CN¥120.4m | CN¥99.8m | CN¥86.5m | CN¥79.0m | CN¥85.7m | CN¥71.4m | CN¥52.5m |
| Operating income | CN¥68.4m | −CN¥340.7m | CN¥10.6m | CN¥166.5m | CN¥479.9m | CN¥390.2m | CN¥292.3m | CN¥222.2m | CN¥180.8m | CN¥109.4m |
| Net income | CN¥110.1m | −CN¥146.7m | CN¥43.7m | CN¥139.1m | CN¥392.3m | CN¥300.8m | CN¥257.3m | CN¥190.0m | CN¥152.0m | CN¥111.2m |
| Diluted earnings per share | 0.14 | -0.19 | 0.06 | 0.18 | 0.50 | 0.39 | 0.36 | 0.26 | 0.21 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.59bn | CN¥3.54bn | CN¥3.91bn | CN¥3.86bn | CN¥3.79bn | CN¥3.34bn | CN¥2.44bn | CN¥2.19bn | CN¥2.06bn | CN¥1.88bn |
| Cash and short-term investments | — | CN¥869.5m | CN¥1.11bn | CN¥1.00bn | CN¥934.0m | CN¥1.17bn | CN¥1.19bn | CN¥1.01bn | CN¥957.5m | CN¥436.2m |
| Total liabilities | CN¥792.4m | CN¥854.2m | CN¥807.4m | CN¥760.1m | CN¥651.8m | CN¥550.7m | CN¥353.6m | CN¥292.4m | CN¥298.1m | CN¥253.5m |
| Debt | CN¥10.0m | CN¥43.9m | CN¥57.5m | CN¥30.4m | CN¥12.1m | CN¥20.0m | CN¥38.3m | — | CN¥4.5m | CN¥11.7m |
| Shareholders' equity | CN¥2.77bn | CN¥2.64bn | CN¥2.87bn | CN¥2.84bn | CN¥2.91bn | CN¥2.64bn | CN¥2.08bn | CN¥1.90bn | CN¥1.76bn | CN¥1.63bn |
| Shares outstanding | 772m | 771m | 754m | 780m | 780m | 780m | 719m | 720m | 719m | 725m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥197.7m | CN¥356.0m | CN¥142.3m | −CN¥9.4m | CN¥214.2m | CN¥299.2m | CN¥254.4m | CN¥120.6m | CN¥153.7m | CN¥95.9m |
| Capital spending | −CN¥35.1m | −CN¥14.3m | −CN¥5.9m | −CN¥28.6m | −CN¥59.3m | −CN¥11.2m | −CN¥28.8m | −CN¥38.4m | −CN¥30.6m | −CN¥47.5m |
| Free cash flow | CN¥162.6m | CN¥341.7m | CN¥136.4m | −CN¥38.0m | CN¥154.8m | CN¥288.0m | CN¥225.6m | CN¥82.1m | CN¥123.1m | CN¥48.4m |
| Dividends paid | −CN¥39.8m | −CN¥32.0m | −CN¥54.0m | −CN¥156.0m | −CN¥120.0m | −CN¥72.0m | −CN¥72.0m | −CN¥60.0m | −CN¥22.0m | −CN¥14.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥462.5m | CN¥296.6m | CN¥601.2m | CN¥314.7m | CN¥474.0m | CN¥331.9m | CN¥620.2m | CN¥369.4m |
| Gross profit | CN¥278.9m | CN¥162.7m | CN¥332.4m | CN¥180.6m | CN¥286.0m | CN¥187.8m | CN¥335.7m | CN¥225.9m |
| Operating income | CN¥62.7m | −CN¥27.4m | CN¥25.9m | −CN¥35.7m | CN¥85.4m | CN¥20.8m | −CN¥354.4m | −CN¥4.9m |
| Net income | CN¥52.4m | −CN¥23.9m | CN¥55.3m | −CN¥35.5m | CN¥79.3m | CN¥11.0m | −CN¥199.0m | CN¥9.1m |
| Diluted earnings per share | 0.07 | -0.03 | 0.07 | -0.05 | 0.10 | 0.01 | -0.26 | 0.01 |
| Cash from operations | — | — | — | −CN¥9.0m | CN¥35.0m | −CN¥91.0m | — | CN¥87.0m |
| Capital spending | −CN¥3.0m | −CN¥1.0m | −CN¥12.0m | −CN¥20.0m | −CN¥1.0m | −CN¥1.0m | −CN¥11.0m | — |
| Free cash flow | — | — | — | −CN¥29.0m | CN¥34.0m | −CN¥92.0m | — | — |
| Total assets | CN¥3.32bn | CN¥3.40bn | CN¥3.59bn | CN¥3.34bn | CN¥3.40bn | CN¥3.33bn | CN¥3.54bn | CN¥3.69bn |
| Cash and short-term investments | — | — | — | CN¥879.5m | CN¥695.5m | CN¥471.0m | CN¥869.5m | CN¥967.2m |
| Debt | CN¥10.0m | CN¥10.0m | CN¥10.0m | CN¥13.7m | CN¥9.5m | CN¥9.5m | CN¥38.5m | CN¥36.3m |
| Shareholders' equity | CN¥2.71bn | CN¥2.75bn | CN¥2.77bn | CN¥2.71bn | CN¥2.72bn | CN¥2.66bn | CN¥2.64bn | CN¥2.83bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 57.3% | 60.2% | 58.5% | 56.0% | 61.6% | 61.9% |
| Operating margin | 6.3% | -19.7% | 1.4% | 9.0% | 22.8% | 22.4% |
| Net margin | 6.4% | -8.6% | 2.6% | 8.0% | 18.6% | 17.6% |
| Return on equity | 4.0% | -5.6% | 1.5% | 4.9% | 13.5% | 11.4% |
| Return on assets | 3.1% | -4.1% | 1.1% | 3.6% | 10.3% | 9.0% |
| Free cash flow yield | 4.3% | 6.8% | 2.8% | 0.3% | 5.0% | 5.6% |
| Revenue growth | 0.5% | 0.8% | -1.9% | -17.9% | 24.0% | 14.0% |
| Earnings growth | -175.0% | -435.9% | -68.6% | -64.6% | 30.4% | 16.9% |
| Current ratio | 2.79x | 2.28x | 3.41x | 3.63x | 3.84x | 4.35x |
| Debt to equity | 0.00x | 0.01x | 0.02x | 0.01x | 0.00x | 0.01x |
| Equity ratio | 77.2% | 74.5% | 73.2% | 73.5% | 76.7% | 79.0% |
| Interest coverage | 93.75x | -128.42x | 11.38x | 132.23x | 531.71x | 1481.74x |
| R&D as a share of sales | 7.3% | 7.0% | 6.8% | 6.9% | 4.7% | 5.1% |
| Buybacks as a share of market value | -0.2% | -2.2% | 3.3% | -0.0% | 0.1% | -8.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.2% | 0.2% | 6.7% |
| Operating income | -25.7% | -29.4% | 2.6% |
| Net income | -7.5% | -18.2% | 5.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.7% | 58.0% | 59.3% | 63.2% |
| Operating margin | -7.9% | -1.4% | 7.3% | 10.0% |
| Net margin | -1.1% | 2.1% | 7.9% | 9.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 47.5 | -27.9 | 141.9 | 45.3 | 32.5 | 19.2 | 20.0 | 19.7 | 37.4 | 93.5 |
| Price to sales | 3.0 | 2.4 | 3.6 | 3.6 | 6.0 | 3.4 | 3.4 | 3.0 | 5.2 | 11.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.05 | 0.04 | 0.07 | 0.20 | 0.154 | 0.10 | 0.10 |
- 6-for-5 split · 26 Jun 2018
- 3-for-2 split · 20 Jun 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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