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Shenzhen Inovance Technology Co.,Ltd 300124.SZ

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Shenzhen Inovance Technology Co.,Ltd statistics & valuation

Market capCN¥165.7B
P / E32.8×
P / S3.7×
P / B4.7×
P / FCF45.3×
Dividend yield0.74%
Net margin11.2%
Return on equity14.3%
FCF margin8.1%
Net cashCN¥3.1B
Enterprise value USD$24.1B
Earnings yield EBIT/EV3.6%
Return on capital14.2%
Graham number -61.9%CN¥23.31

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥23.31); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
18.80% 15.60% 11.60% 11.20% 2022202320242025
Gross margin (%)
35.00% 32.30% 28.70% 29.00% 2022202320242025
Operating margin (%)
17.30% 16.00% 13.30% 13.00% 2022202320242025
Return on equity (%)
21.80% 19.40% 15.30% 14.30% 2022202320242025
Shares outstanding
2.71B 2.71B 2.71B 2.71B 2022202320242025
Net debt (CN¥)
-CN¥2.45B -CN¥4.17B CN¥743.9M -CN¥3.12B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
11.00% 9.70% 7.50% 7.10% 2022202320242025
Free cash flow margin (%)
6.70% 6.10% 13.70% 8.10% 2022202320242025
Debt / equity (×)
0.25× 0.18× 0.15× 0.11× 2022202320242025
EPS (CN¥)
CN¥1.63 CN¥1.78 CN¥1.60 CN¥1.85 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Shenzhen Inovance Technology Co.,Ltd trades at about 33.1× earnings — below its 10-year norm (10-year range 31.4×–43.7×, median 40.3×).

31.4× 43.7×

Shaded band = 10-year range (31.4×–43.7×); dot = today's 33.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin29.0%28.7%32.3%35.0%
Operating margin13.0%13.3%16.0%17.3%
Net margin11.2%11.6%15.6%18.8%
FCF margin8.1%13.7%6.1%6.7%
Return on assets7.1%7.5%9.7%11.0%
Return on equity14.3%15.3%19.4%21.8%
Debt / equity0.04×0.10×0.10×0.09×
Current ratio1.441.301.591.61

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.