¥22.20 ($3.31)

-0.30 (-1.33%)

SHZ · Technology · Consumer Electronics · Tech Score Sell · Power 36 · ¥17.1B mcap · 230M float · 7.37% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 52 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. 002925.SZ scores highest in Safety (100/100) and lowest in Cash Flow (17/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

4.25

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✓ ✗ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-1.71

Possible Manipulator

Ohlson O-Score

-9.06

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA-

Score: 82.4/100

Trend: Stable

Earnings Quality

25/100

OCF/NI: 0.41x

Accruals: 5.4%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. 002925.SZ scores 4.25, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. 002925.SZ scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. 002925.SZ's score of -1.71 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. 002925.SZ's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. 002925.SZ receives an estimated rating of AA- (score: 82.4/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). 002925.SZ's score of 25/100 is low — reported earnings may not be fully supported by cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

21.76x

PEG

0.10x

P/S

3.52x

P/B

3.15x

P/FCF

-53.60x

P/OCF

57.18x

EV/EBITDA

21.22x

EV/Revenue

4.00x

EV/EBIT

24.54x

EV/FCF

-57.03x

Earnings Yield

4.25%

FCF Yield

-1.87%

Shareholder Yield

2.58%

Graham Number

$12.89

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 21.8x earnings, 002925.SZ commands a growth premium. Graham's intrinsic value formula yields $12.89 per share, 72% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.829

NI / EBT

Interest Burden

1.182

EBT / EBIT

EBIT Margin

0.163

EBIT / Rev

Asset Turnover

0.571

Rev / Assets

Equity Multiplier

1.732

Assets / Equity

ROE

15.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. 002925.SZ's ROE of 15.8% is driven by Asset Turnover (0.571), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

13.01%

Fair P/E

34.52x

Intrinsic Value

$36.16

Price/Value

0.68x

Margin of Safety

31.80%

Premium

-31.80%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 002925.SZ's realized 13.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 002925.SZ trades at a -32% premium to its adjusted intrinsic value of $36.16, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 34.5x compares to the current market P/E of 21.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$22.20

Median 1Y

$20.25

5th Pctile

$9.15

95th Pctile

$44.84

Ann. Volatility

47.6%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	25.3%	21.2%	18.6%	17.5%	14.3%	12.9%	11.3%	11.2%	9.7%	8.7%	8.2%	8.0%	5.9%	5.2%	5.6%	5.5%	5.5%	11.9%	12.0%	15.8%	15.81%
ROA	16.7%	13.8%	12.2%	11.3%	9.5%	8.6%	7.6%	7.4%	6.5%	6.0%	5.6%	5.4%	4.0%	3.5%	3.9%	3.6%	3.5%	7.3%	7.5%	9.1%	9.13%
ROIC	37.3%	31.4%	27.4%	25.5%	21.1%	20.6%	16.7%	14.8%	12.5%	13.5%	11.3%	9.7%	8.8%	6.7%	6.9%	6.6%	6.0%	10.8%	10.9%	10.3%	10.28%
ROCE	21.9%	18.0%	16.4%	14.3%	10.7%	9.3%	7.5%	8.1%	7.5%	7.7%	7.2%	7.3%	5.7%	4.8%	5.2%	5.0%	3.8%	9.9%	10.3%	11.4%	11.39%
Gross Margin	28.8%	26.2%	27.6%	23.8%	36.0%	26.2%	29.9%	27.4%	32.0%	26.2%	27.6%	26.3%	29.1%	25.0%	28.8%	24.4%	25.7%	30.1%	28.6%	26.9%	26.89%
Operating Margin	19.9%	15.0%	14.4%	20.4%	21.2%	17.3%	11.6%	14.7%	13.8%	16.2%	8.5%	10.6%	4.2%	9.6%	10.9%	7.4%	4.4%	38.7%	9.5%	9.3%	9.32%
Net Margin	16.2%	14.2%	12.0%	18.9%	17.8%	16.1%	9.2%	12.7%	11.7%	13.0%	7.3%	9.9%	3.8%	7.7%	8.9%	6.4%	3.8%	32.0%	8.2%	17.3%	17.31%
EBITDA Margin	20.7%	12.2%	17.5%	11.9%	23.7%	12.3%	15.6%	12.3%	20.0%	12.8%	12.5%	11.7%	15.1%	7.3%	16.0%	8.8%	4.4%	44.1%	10.8%	13.9%	13.89%
FCF Margin	4.1%	7.7%	7.6%	10.9%	11.7%	10.5%	10.2%	11.0%	6.8%	5.5%	6.0%	4.0%	2.8%	-2.1%	-2.2%	-1.5%	-1.7%	-3.1%	-3.4%	-7.0%	-7.02%
OCF Margin	9.1%	14.4%	14.1%	18.6%	19.7%	22.1%	22.6%	23.2%	18.9%	17.8%	19.9%	18.5%	21.1%	10.1%	9.9%	10.6%	10.2%	12.0%	11.7%	6.6%	6.58%
ROE 3Y Avg	snapshot only																				9.55%
ROE 5Y Avg	snapshot only																				11.48%
ROA 3Y Avg	snapshot only																				5.72%
ROIC 3Y Avg	snapshot only																				7.30%
ROIC Economic	snapshot only																				9.34%
Cash ROA	snapshot only																				3.33%
Cash ROIC	snapshot only																				5.00%
CROIC	snapshot only																				-5.33%
NOPAT Margin	snapshot only																				13.53%
Pretax Margin	snapshot only																				19.29%
R&D / Revenue	snapshot only																				8.76%
SGA / Revenue	snapshot only																				3.20%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	18.48	21.12	16.51	17.45	17.74	16.14	24.42	25.10	26.96	31.69	27.68	25.13	36.13	46.77	43.67	54.13	52.15	22.82	24.85	23.54	21.765
P/S Ratio	2.99	3.27	2.44	2.65	2.73	2.58	3.85	3.56	3.36	3.70	3.14	2.68	3.04	3.29	3.24	3.60	3.43	3.19	3.35	3.76	3.523
P/B Ratio	4.32	4.20	2.92	3.04	2.55	2.12	2.82	2.84	2.64	2.84	2.35	2.08	2.21	2.53	2.52	2.99	2.89	2.59	2.85	3.50	3.148
P/FCF	72.24	42.48	32.32	24.34	23.23	24.47	37.55	32.37	49.73	67.80	52.31	66.54	107.28	-158.06	-148.88	-233.03	-207.13	-103.37	-99.67	-53.60	-53.603
P/OCF	32.72	22.66	17.26	14.24	13.88	11.63	17.00	15.36	17.74	20.81	15.81	14.48	14.37	32.74	32.90	33.99	33.60	26.54	28.68	57.18	57.182
EV/EBITDA	14.20	16.62	12.36	14.74	14.89	12.97	21.53	20.50	20.75	21.66	19.47	17.25	20.39	26.97	25.13	29.97	39.27	16.69	18.93	21.22	21.225
EV/Revenue	2.75	3.00	2.16	2.40	2.40	2.15	3.46	3.32	3.15	3.33	2.87	2.54	2.67	3.10	3.10	3.48	3.46	3.32	3.46	4.00	4.003
EV/EBIT	15.36	18.42	14.02	17.42	18.64	16.34	27.72	26.47	26.77	28.22	26.15	24.01	30.67	43.29	38.72	46.65	61.02	20.17	21.65	24.54	24.538
EV/FCF	66.37	38.96	28.62	21.98	20.46	20.45	33.78	30.20	46.67	61.00	47.77	63.05	94.31	-149.01	-142.46	-225.29	-209.02	-107.50	-103.05	-57.03	-57.033
Earnings Yield	5.4%	4.7%	6.1%	5.7%	5.6%	6.2%	4.1%	4.0%	3.7%	3.2%	3.6%	4.0%	2.8%	2.1%	2.3%	1.8%	1.9%	4.4%	4.0%	4.2%	4.25%
FCF Yield	1.4%	2.4%	3.1%	4.1%	4.3%	4.1%	2.7%	3.1%	2.0%	1.5%	1.9%	1.5%	0.9%	-0.6%	-0.7%	-0.4%	-0.5%	-1.0%	-1.0%	-1.9%	-1.87%
PEG Ratio	snapshot only																				0.104
Price/Tangible Book	snapshot only																				3.908
EV/OCF	snapshot only																				60.841
EV/Gross Profit	snapshot only																				14.364
Acquirers Multiple	snapshot only																				25.284
Shareholder Yield	snapshot only																				2.58%
Graham Number	snapshot only																				$12.89

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	3.12	3.10	3.07	2.49	2.94	3.20	3.41	2.93	3.28	2.78	2.58	2.16	1.99	2.09	2.60	1.97	2.03	1.82	1.78	1.52	1.516
Quick Ratio	2.49	2.45	2.49	1.98	2.37	2.66	2.79	2.34	2.67	2.25	2.11	1.69	1.56	1.59	2.00	1.48	1.49	1.39	1.30	1.02	1.025
Debt/Equity	0.16	0.18	0.20	0.22	0.17	0.20	0.20	0.21	0.19	0.11	0.20	0.20	0.03	0.07	0.13	0.16	0.23	0.32	0.30	0.36	0.365
Net Debt/Equity	-0.35	-0.35	-0.33	-0.29	-0.30	-0.35	-0.28	-0.19	-0.16	-0.28	-0.20	-0.11	-0.27	-0.14	-0.11	-0.10	0.03	0.10	0.10	0.22	0.224
Debt/Assets	0.10	0.12	0.13	0.15	0.12	0.13	0.13	0.14	0.13	0.08	0.14	0.14	0.02	0.05	0.09	0.10	0.14	0.18	0.17	0.20	0.199
Debt/EBITDA	0.58	0.79	0.94	1.19	1.14	1.44	1.67	1.66	1.59	0.93	1.78	1.78	0.35	0.78	1.33	1.69	3.12	1.99	1.95	2.08	2.082
Net Debt/EBITDA	-1.25	-1.50	-1.60	-1.58	-2.01	-2.55	-2.40	-1.48	-1.36	-2.41	-1.85	-0.95	-2.80	-1.64	-1.13	-1.03	0.35	0.64	0.62	1.28	1.277
Interest Coverage	140.13	92.46	71.26	43.97	23.18	19.88	21.40	22.01	22.78	22.20	15.43	14.49	12.29	10.64	12.68	13.28	8.06	22.67	21.09	20.74	20.735
Equity Multiplier	1.55	1.52	1.46	1.51	1.46	1.47	1.49	1.54	1.50	1.46	1.44	1.46	1.48	1.48	1.46	1.61	1.62	1.78	1.75	1.84	1.836
Cash Ratio	snapshot only																				0.280
Debt Service Coverage	snapshot only																				23.973
Cash to Debt	snapshot only																				0.387
FCF to Debt	snapshot only																				-0.179
Defensive Interval	snapshot only																				1627.4 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	1.03	0.89	0.83	0.74	0.62	0.54	0.48	0.52	0.53	0.51	0.49	0.50	0.48	0.50	0.52	0.54	0.54	0.52	0.55	0.57	0.571
Inventory Turnover	5.36	4.50	4.13	3.62	3.18	2.94	2.79	2.85	3.17	3.32	3.30	3.16	3.22	3.37	3.65	3.46	3.54	3.51	3.58	3.24	3.238
Receivables Turnover	4.69	4.22	4.64	3.88	3.30	3.24	3.44	3.49	3.58	3.37	3.61	3.49	3.27	3.11	3.47	3.66	3.28	2.85	3.41	3.38	3.378
Payables Turnover	4.58	4.05	4.40	4.01	3.58	3.47	3.54	3.56	3.77	4.04	4.19	3.77	3.53	3.73	4.69	3.95	3.65	3.22	3.85	3.35	3.351
DSO	78	86	79	94	111	112	106	105	102	108	101	105	112	117	105	100	111	128	107	108	108.0 days
DIO	68	81	88	101	115	124	131	128	115	110	111	116	113	108	100	105	103	104	102	113	112.7 days
DPO	80	90	83	91	102	105	103	102	97	90	87	97	103	98	78	92	100	113	95	109	108.9 days
Cash Conversion Cycle	66	77	84	104	123	132	134	130	120	128	125	123	122	128	128	113	115	119	114	112	111.9 days
Fixed Asset Turnover	snapshot only																				1.485
Operating Cycle	snapshot only																				220.8 days
Cash Velocity	snapshot only																				6.585
Capital Intensity	snapshot only																				1.975

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	64.0%	32.8%	8.4%	-21.5%	-36.3%	-38.5%	-41.6%	-31.5%	-18.3%	-11.2%	-4.4%	-7.9%	-12.6%	-7.4%	-2.3%	6.3%	13.9%	15.6%	20.2%	27.4%	27.37%
Net Income	21.3%	6.8%	-10.5%	-28.2%	-39.4%	-36.6%	-37.8%	-36.1%	-33.9%	-35.0%	-31.1%	-30.8%	-41.1%	-44.2%	-36.0%	-33.7%	-10.9%	1.3%	1.2%	2.1%	2.06%
EPS	20.4%	5.0%	-11.1%	-28.0%	-39.3%	-33.4%	-39.7%	-34.9%	-32.9%	-37.6%	-29.2%	-32.4%	-41.9%	-43.0%	-34.8%	-33.5%	3.6%	1.3%	1.1%	2.2%	2.21%
FCF	-63.4%	11.9%	2.9%	2.2%	80.8%	-15.8%	-20.8%	-30.9%	-53.0%	-54.0%	-43.9%	-66.3%	-63.4%	-1.4%	-1.4%	-1.4%	-1.7%	-71.2%	-85.1%	-4.8%	-4.79%
EBITDA	22.3%	0.3%	-15.7%	-37.8%	-46.8%	-43.4%	-46.3%	-31.8%	-23.1%	-17.7%	-12.3%	-16.3%	-24.8%	-30.7%	-18.1%	-16.2%	-23.3%	99.6%	77.7%	1.1%	1.07%
Op. Income	19.3%	2.0%	-15.1%	-30.5%	-42.4%	-38.2%	-39.1%	-35.5%	-32.1%	-30.9%	-27.7%	-29.8%	-40.5%	-46.5%	-37.1%	-32.3%	-7.7%	1.4%	1.2%	1.5%	1.52%
OCF Growth	snapshot only																				-20.85%
Asset Growth	snapshot only																				29.27%
Equity Growth	snapshot only																				13.71%
Debt Growth	snapshot only																				1.54%
Shares Change	snapshot only																				-4.58%
Dividend Growth	snapshot only																				2.86%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	55.4%	36.5%	33.8%	22.5%	12.7%	4.1%	0.2%	-0.3%	-5.2%	-10.1%	-15.4%	-20.9%	-23.1%	-20.3%	-18.3%	-12.5%	-6.7%	-1.7%	4.0%	7.6%	7.61%
Revenue 5Y	—	—	—	—	—	—	42.6%	24.5%	14.3%	6.8%	6.0%	3.0%	0.4%	-1.5%	-1.2%	-0.6%	-3.2%	-4.9%	-6.6%	-7.7%	-7.70%
EPS 3Y	25.9%	9.5%	7.3%	1.0%	-4.8%	-9.7%	-15.5%	-15.9%	-21.1%	-24.1%	-27.6%	-31.8%	-38.2%	-38.1%	-34.7%	-33.6%	-26.1%	-7.1%	-0.3%	13.0%	13.01%
EPS 5Y	—	—	—	—	—	—	28.8%	7.4%	-4.0%	-11.4%	-12.0%	-14.6%	-19.6%	-23.5%	-22.6%	-23.2%	-21.7%	-10.9%	-11.9%	-7.5%	-7.50%
Net Income 3Y	26.5%	10.3%	7.6%	1.3%	-4.7%	-10.7%	-14.4%	-16.3%	-21.4%	-23.9%	-27.3%	-31.8%	-38.2%	-38.7%	-35.0%	-33.6%	-29.7%	-5.9%	-1.3%	12.0%	12.00%
Net Income 5Y	—	—	—	—	—	—	29.4%	6.8%	-4.1%	-11.2%	-11.8%	-14.4%	-19.6%	-23.7%	-22.7%	-23.1%	-23.9%	-10.8%	-11.8%	-8.4%	-8.41%
EBITDA 3Y	31.1%	16.4%	16.4%	3.9%	-4.3%	-11.1%	-15.2%	-15.3%	-20.6%	-22.4%	-26.5%	-29.2%	-32.5%	-31.4%	-27.2%	-21.8%	-23.7%	4.4%	8.5%	13.2%	13.23%
EBITDA 5Y	—	—	—	—	—	—	20.1%	7.3%	-1.6%	-6.0%	-5.8%	-8.5%	-12.7%	-16.7%	-15.2%	-15.7%	-22.0%	-8.4%	-10.4%	-9.2%	-9.22%
Gross Profit 3Y	36.1%	18.6%	17.8%	7.9%	1.0%	-6.4%	-9.2%	-8.4%	-12.7%	-14.1%	-18.1%	-21.9%	-23.8%	-20.8%	-18.2%	-12.8%	-9.4%	-3.0%	1.9%	5.0%	4.97%
Gross Profit 5Y	—	—	—	—	—	—	29.2%	15.9%	6.2%	-0.8%	-0.9%	-3.6%	-6.6%	-8.6%	-8.1%	-7.7%	-9.9%	-8.5%	-9.1%	-8.7%	-8.67%
Op. Income 3Y	27.7%	11.5%	8.8%	1.7%	-5.2%	-11.2%	-15.0%	-17.0%	-22.4%	-24.2%	-27.9%	-32.0%	-38.5%	-38.9%	-34.8%	-32.6%	-28.0%	-4.1%	0.3%	6.2%	6.22%
Op. Income 5Y	—	—	—	—	—	—	28.6%	7.0%	-4.0%	-9.9%	-10.7%	-13.8%	-19.2%	-23.7%	-22.5%	-22.9%	-23.8%	-11.0%	-12.2%	-11.7%	-11.69%
FCF 3Y	-18.4%	0.9%	14.8%	1.3%	—	51.4%	20.4%	-11.3%	-32.3%	-24.3%	-23.0%	-9.4%	-32.3%	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	13.0%	2.9%	-14.3%	-16.8%	-7.7%	23.9%	—	—	—	—	—	—	—	—	—
OCF 3Y	0.2%	11.5%	17.8%	30.7%	67.4%	11.2%	3.3%	-3.1%	-13.7%	-0.6%	2.1%	8.5%	1.6%	-29.3%	-27.5%	-27.5%	-25.0%	-19.8%	-16.6%	-29.3%	-29.27%
OCF 5Y	—	—	—	—	—	—	27.2%	15.4%	1.7%	-1.4%	5.1%	6.9%	29.2%	-12.5%	-14.8%	-16.5%	-19.2%	-6.6%	-6.0%	-9.3%	-9.29%
Assets 3Y	23.4%	20.8%	19.3%	16.7%	14.4%	12.6%	13.3%	10.0%	4.2%	-0.7%	-3.3%	-4.6%	-4.9%	-6.3%	-5.8%	-0.4%	0.2%	5.3%	4.4%	8.4%	8.40%
Assets 5Y	—	—	—	—	—	—	14.2%	14.0%	11.6%	9.3%	8.3%	7.5%	6.8%	4.8%	4.7%	5.6%	2.7%	3.8%	2.5%	4.2%	4.24%
Equity 3Y	14.3%	13.9%	13.2%	11.1%	10.5%	8.3%	7.4%	6.2%	4.0%	1.5%	-0.4%	-1.9%	-3.4%	-5.5%	-5.6%	-2.5%	-3.4%	-1.3%	-1.1%	2.3%	2.29%
Book Value 3Y	13.8%	13.1%	12.8%	10.8%	10.4%	9.5%	6.0%	6.6%	4.3%	1.2%	-0.7%	-1.9%	-3.3%	-4.5%	-5.2%	-2.6%	1.6%	-2.5%	-0.1%	3.2%	3.21%
Dividend 3Y	0.6%	-0.2%	0.2%	18.5%	18.9%	20.4%	17.7%	-6.5%	-6.9%	15.8%	15.5%	15.3%	15.6%	-27.2%	-27.6%	-51.0%	-26.0%	-20.3%	-18.0%	55.8%	55.77%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.95	0.99	0.95	0.60	0.28	0.09	0.49	0.34	0.19	0.06	0.01	0.00	0.03	0.08	0.09	0.10	0.56	0.68	0.49	0.41	0.407
Earnings Stability	0.99	0.93	0.68	0.50	0.18	0.01	0.21	0.04	0.02	0.33	0.40	0.48	0.59	0.80	0.87	0.83	0.86	0.67	0.66	0.41	0.406
Margin Stability	0.84	0.82	0.82	0.81	0.82	0.83	0.76	0.80	0.81	0.81	0.84	0.84	0.83	0.83	0.83	0.84	0.85	0.91	0.94	0.95	0.955
Rev. Growth Consistency	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.000
Earn. Growth Consistency	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0
Earnings Persistence	0.91	0.97	0.96	0.89	0.84	0.85	0.85	0.86	0.86	0.86	0.88	0.88	0.84	0.82	0.86	0.87	0.96	0.50	0.50	0.50	0.500
Earnings Smoothness	0.81	0.93	0.89	0.67	0.51	0.55	0.53	0.56	0.59	0.58	0.63	0.64	0.48	0.43	0.56	0.59	0.89	0.21	0.26	0.00	0.000
ROE Trend	0.01	-0.02	-0.05	-0.06	-0.09	-0.07	-0.08	-0.10	-0.09	-0.08	-0.06	-0.06	-0.06	-0.06	-0.04	-0.04	-0.02	0.04	0.04	0.08	0.080
Gross Margin Trend	-0.10	-0.09	-0.08	-0.07	-0.04	-0.02	-0.00	0.02	0.01	0.01	0.00	-0.00	-0.01	-0.02	-0.02	-0.02	-0.02	-0.01	-0.00	0.00	0.003
FCF Margin Trend	-0.00	0.01	0.01	0.02	0.00	0.02	0.02	0.04	-0.01	-0.04	-0.03	-0.07	-0.06	-0.10	-0.10	-0.09	-0.06	-0.05	-0.05	-0.08	-0.083
Sustainable Growth Rate	15.5%	12.0%	9.7%	1.4%	-1.2%	-2.0%	-3.4%	-1.8%	-2.9%	-15.6%	-16.0%	-12.7%	-14.3%	-4.5%	-4.0%	3.0%	-1.8%	6.8%	6.9%	7.1%	7.09%
Internal Growth Rate	11.3%	8.5%	6.8%	0.9%	—	—	—	—	—	—	—	—	—	—	—	2.0%	—	4.3%	4.5%	4.3%	4.27%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	0.56	0.93	0.96	1.23	1.28	1.39	1.44	1.63	1.52	1.52	1.75	1.74	2.51	1.43	1.33	1.59	1.55	0.86	0.87	0.41	0.412
FCF/OCF	0.45	0.53	0.53	0.58	0.60	0.48	0.45	0.47	0.36	0.31	0.30	0.22	0.13	-0.21	-0.22	-0.15	-0.16	-0.26	-0.29	-1.07	-1.067
FCF/Net Income	snapshot only																				-0.439
OCF/EBITDA	snapshot only																				0.349
CapEx/Revenue	5.0%	6.7%	6.6%	7.7%	7.9%	11.6%	12.4%	12.2%	12.2%	12.3%	13.9%	14.5%	18.3%	15.0%	14.8%	14.8%	14.4%	15.1%	15.0%	13.6%	13.60%
CapEx/Depreciation	snapshot only																				5.339
Accruals Ratio	0.07	0.01	0.01	-0.03	-0.03	-0.03	-0.03	-0.05	-0.03	-0.03	-0.04	-0.04	-0.06	-0.02	-0.01	-0.02	-0.02	0.01	0.01	0.05	0.054
Sloan Accruals	snapshot only																				-0.056
Cash Flow Adequacy	snapshot only																				0.294
Earnings Quality Score	snapshot only																				0.250

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	2.1%	2.1%	2.9%	5.3%	6.1%	7.2%	5.3%	4.6%	4.8%	8.8%	10.6%	10.3%	9.4%	4.0%	3.9%	0.8%	2.6%	1.9%	1.7%	2.3%	1.04%
Dividend/Share	$0.61	$0.60	$0.61	$1.02	$1.03	$1.07	$1.00	$0.84	$0.84	$1.61	$1.61	$1.26	$1.27	$0.62	$0.61	$0.15	$0.51	$0.32	$0.32	$0.58	$0.23
Payout Ratio	38.9%	43.4%	47.8%	91.9%	1.1%	1.2%	1.3%	1.2%	1.3%	2.8%	2.9%	2.6%	3.4%	1.9%	1.7%	45.9%	1.3%	42.7%	42.2%	55.1%	55.12%
FCF Payout Ratio	1.5%	87.3%	93.6%	1.3%	1.4%	1.8%	2.0%	1.5%	2.4%	6.0%	5.6%	6.8%	10.1%	—	—	—	—	—	—	—	—
Total Payout Ratio	38.9%	43.6%	48.0%	94.2%	1.1%	1.5%	1.6%	1.3%	1.7%	2.9%	3.1%	3.1%	3.6%	1.9%	1.7%	98.2%	1.3%	42.7%	42.2%	60.7%	60.73%
Div. Increase Streak	1	1	1	1	1	1	1	0	0	1	1	0	0	0	0	0	0	0	0	0	0
Chowder Number	0.05	0.04	0.04	0.73	0.75	0.76	0.75	-0.15	-0.15	0.65	0.66	0.64	0.63	-0.59	-0.59	-0.87	-0.63	-0.46	-0.45	2.70	2.703
Buyback Yield	0.0%	0.0%	0.0%	0.1%	0.0%	1.8%	1.4%	0.6%	1.5%	0.3%	0.4%	2.1%	0.5%	0.0%	0.0%	1.0%	0.0%	0.0%	0.0%	0.2%	0.24%
Net Buyback Yield	0.0%	0.0%	0.0%	0.1%	-1.1%	0.5%	0.4%	-0.3%	1.5%	0.3%	0.4%	1.8%	0.5%	0.0%	0.0%	1.0%	0.0%	0.0%	0.0%	0.2%	0.24%
Total Shareholder Return	2.1%	2.1%	2.9%	5.4%	5.0%	7.7%	5.7%	4.3%	6.4%	9.1%	11.0%	12.1%	9.9%	4.0%	3.9%	1.8%	2.6%	1.9%	1.7%	2.6%	2.58%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.84	0.86	0.86	0.87	0.89	0.88	0.88	0.87	0.87	0.84	0.85	0.85	0.85	0.86	0.85	0.84	0.85	0.84	0.84	0.83	0.829
Interest Burden (EBT/EBIT)	1.07	1.11	1.11	1.27	1.34	1.38	1.44	1.30	1.22	1.18	1.22	1.19	1.13	1.14	1.09	1.07	1.36	1.01	1.00	1.18	1.182
EBIT Margin	0.18	0.16	0.15	0.14	0.13	0.13	0.12	0.13	0.12	0.12	0.11	0.11	0.09	0.07	0.08	0.07	0.06	0.16	0.16	0.16	0.163
Asset Turnover	1.03	0.89	0.83	0.74	0.62	0.54	0.48	0.52	0.53	0.51	0.49	0.50	0.48	0.50	0.52	0.54	0.54	0.52	0.55	0.57	0.571
Equity Multiplier	1.52	1.54	1.52	1.55	1.50	1.49	1.48	1.53	1.48	1.47	1.46	1.50	1.49	1.47	1.45	1.54	1.55	1.64	1.61	1.73	1.732

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.57	$1.39	$1.28	$1.11	$0.95	$0.92	$0.77	$0.73	$0.64	$0.58	$0.55	$0.49	$0.37	$0.33	$0.36	$0.33	$0.39	$0.74	$0.76	$1.05	$1.05
Book Value/Share	$6.72	$6.99	$7.24	$6.40	$6.64	$7.04	$6.67	$6.41	$6.53	$6.45	$6.44	$5.94	$6.08	$6.08	$6.17	$5.92	$6.96	$6.53	$6.65	$7.05	$7.83
Tangible Book/Share	$6.33	$6.62	$6.86	$6.02	$6.26	$6.64	$6.07	$5.78	$5.90	$5.84	$5.83	$5.32	$5.46	$5.46	$5.56	$5.31	$6.26	$5.85	$5.98	$6.31	$6.31
Revenue/Share	$9.71	$8.97	$8.66	$7.33	$6.20	$5.80	$4.90	$5.12	$5.14	$4.95	$4.81	$4.60	$4.42	$4.67	$4.79	$4.91	$5.86	$5.31	$5.67	$6.55	$6.55
FCF/Share	$0.40	$0.69	$0.65	$0.80	$0.73	$0.61	$0.50	$0.56	$0.35	$0.27	$0.29	$0.19	$0.13	$-0.10	$-0.10	$-0.08	$-0.10	$-0.16	$-0.19	$-0.46	$-0.46
OCF/Share	$0.89	$1.29	$1.22	$1.37	$1.22	$1.28	$1.11	$1.19	$0.97	$0.88	$0.96	$0.85	$0.93	$0.47	$0.47	$0.52	$0.60	$0.64	$0.66	$0.43	$0.43
Cash/Share	$3.44	$3.70	$3.84	$3.31	$3.16	$3.84	$3.20	$2.60	$2.30	$2.54	$2.57	$1.85	$1.83	$1.30	$1.46	$1.55	$1.43	$1.42	$1.38	$1.00	$1.00
EBITDA/Share	$1.88	$1.62	$1.51	$1.19	$1.00	$0.96	$0.79	$0.83	$0.78	$0.76	$0.71	$0.68	$0.58	$0.54	$0.59	$0.57	$0.52	$1.06	$1.04	$1.24	$1.24
Debt/Share	$1.08	$1.28	$1.42	$1.42	$1.15	$1.39	$1.31	$1.38	$1.24	$0.71	$1.26	$1.20	$0.20	$0.42	$0.79	$0.97	$1.61	$2.10	$2.02	$2.57	$2.57
Net Debt/Share	$-2.36	$-2.43	$-2.42	$-1.89	$-2.02	$-2.45	$-1.89	$-1.22	$-1.06	$-1.83	$-1.31	$-0.65	$-1.62	$-0.88	$-0.67	$-0.59	$0.18	$0.68	$0.64	$1.58	$1.58

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.251
Altman Z-Prime	snapshot only																				7.498
Piotroski F-Score	4	5	3	4	5	5	6	7	5	5	5	4	4	5	8	6	6	4	4	6	6
Beneish M-Score	-1.79	-2.62	-2.55	-2.71	-2.90	-2.74	-2.73	-2.69	-2.54	-2.68	-2.62	-2.85	-2.72	-2.54	-2.46	-2.28	-2.31	-1.72	-2.03	-1.71	-1.714
Ohlson O-Score	snapshot only																				-9.059
ROIC (Greenblatt)	snapshot only																				17.11%
Net-Net WC	snapshot only																				$0.29
EVA	snapshot only																				$17722577.38

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA-
Credit Score	99.35	96.32	99.35	94.00	94.72	94.50	95.68	95.61	94.93	99.05	92.54	89.05	93.35	87.69	86.26	82.89	76.31	80.72	83.08	82.41	82.406
Credit Grade	snapshot only																				4
Credit Trend	snapshot only																				-0.487
Implied Spread (bps)	snapshot only																				100.000
Industry Credit Rank	snapshot only																				82
Sector Credit Rank	snapshot only																				67

002925.SZ SHZ

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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