MeiG Smart Technology Co., Ltd

SZSE:002881 Stock Report

Market Cap: CN¥7.3b

MeiG Smart Technology Balance Sheet Health

Financial Health criteria checks 4/6

MeiG Smart Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥130.0M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥2.3B and CN¥808.7M respectively. MeiG Smart Technology's EBIT is CN¥114.9M making its interest coverage ratio 109.4. It has cash and short-term investments of CN¥245.6M.

Key information

8.5%

Debt to equity ratio

CN¥130.02m

Debt

Interest coverage ratio109.4x
CashCN¥245.61m
EquityCN¥1.53b
Total liabilitiesCN¥808.71m
Total assetsCN¥2.33b

Recent financial health updates

MeiG Smart Technology (SZSE:002881) Takes On Some Risk With Its Use Of Debt

Sep 03
MeiG Smart Technology (SZSE:002881) Takes On Some Risk With Its Use Of Debt

Is MeiG Smart Technology (SZSE:002881) A Risky Investment?

Mar 25
Is MeiG Smart Technology (SZSE:002881) A Risky Investment?

Recent updates

Improved Revenues Required Before MeiG Smart Technology Co., Ltd (SZSE:002881) Shares Find Their Feet

Dec 17
Improved Revenues Required Before MeiG Smart Technology Co., Ltd (SZSE:002881) Shares Find Their Feet

We Think You Should Be Aware Of Some Concerning Factors In MeiG Smart Technology's (SZSE:002881) Earnings

Nov 07
We Think You Should Be Aware Of Some Concerning Factors In MeiG Smart Technology's (SZSE:002881) Earnings

MeiG Smart Technology (SZSE:002881) Takes On Some Risk With Its Use Of Debt

Sep 03
MeiG Smart Technology (SZSE:002881) Takes On Some Risk With Its Use Of Debt

MeiG Smart Technology Co., Ltd's (SZSE:002881) Low P/S No Reason For Excitement

Aug 16
MeiG Smart Technology Co., Ltd's (SZSE:002881) Low P/S No Reason For Excitement

Returns On Capital At MeiG Smart Technology (SZSE:002881) Paint A Concerning Picture

Jun 10
Returns On Capital At MeiG Smart Technology (SZSE:002881) Paint A Concerning Picture

MeiG Smart Technology (SZSE:002881) Has Affirmed Its Dividend Of CN¥0.10

May 23
MeiG Smart Technology (SZSE:002881) Has Affirmed Its Dividend Of CN¥0.10

Analysts Just Shaved Their MeiG Smart Technology Co., Ltd (SZSE:002881) Forecasts Dramatically

May 03
Analysts Just Shaved Their MeiG Smart Technology Co., Ltd (SZSE:002881) Forecasts Dramatically

MeiG Smart Technology Co., Ltd (SZSE:002881) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Apr 17
MeiG Smart Technology Co., Ltd (SZSE:002881) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Is MeiG Smart Technology (SZSE:002881) A Risky Investment?

Mar 25
Is MeiG Smart Technology (SZSE:002881) A Risky Investment?

MeiG Smart Technology Co., Ltd (SZSE:002881) Not Flying Under The Radar

Feb 28
MeiG Smart Technology Co., Ltd (SZSE:002881) Not Flying Under The Radar

Financial Position Analysis

Short Term Liabilities: 002881's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥783.3M).

Long Term Liabilities: 002881's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥25.4M).

Debt to Equity History and Analysis

Debt Level: 002881 has more cash than its total debt.

Reducing Debt: 002881's debt to equity ratio has increased from 4.6% to 8.5% over the past 5 years.

Debt Coverage: 002881's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 002881's interest payments on its debt are well covered by EBIT (109.4x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 15:47
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MeiG Smart Technology Co., Ltd is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Liangbi ZhaoChina Galaxy Securities Co., Ltd.
Jingyu ZhuChina International Capital Corporation Limited
Kai LiuEverbright Securities Co. Ltd.