Breaking Down Moon Environment Technology Co.,Ltd. Financial Health: Key Insights for Investors

Dive into a hard-numbered assessment of Moon Environment Technology Co., Ltd. (000811.SZ): operating revenue stood at 4.835 billion yuan in the first three quarters of 2025, a year‑on‑year decline of 2.45%, while 2024 revenue totaled 6.635 billion yuan (down 11.48%); yet overseas sales grew 20.95% to account for 29.8% of revenue, gross margin improved to 27.6% in 2024, EBITDA reached 962.96 million yuan with a 14.51% margin, and the company reported a net cash position of 2.41 billion yuan alongside cash and equivalents of 3.31 billion yuan and free cash flow of 602.82 million yuan-contrasted by an Altman Z‑Score of 2.55 and a Piotroski F‑Score of 7 that flag elevated risk and moderate health; valuation looks reasonable with a trailing PE of 14.89, forward PE of 13.01, PB 1.40 and a market cap that surged 114.53% year‑over‑year to 13.78 billion yuan as of September 16, 2025, while forward projections target revenues of 7.144/7.832/8.618 billion yuan and net profit attributable to the parent of 696/785/879 million yuan for 2025-2027-read on to unpack what these figures mean for investors and the trade‑offs between liquidity strength, growing overseas traction and the company's financial risks.

Moon Environment Technology Co.,Ltd. (000811.SZ) - Revenue Analysis

Key headline figures:

• Operating revenue (1-3Q 2025): 4.835 billion yuan, down 2.45% YoY.
• Total revenue (2024): 6.635 billion yuan, down 11.48% YoY.
• Overseas revenue (2024): rose 20.95% YoY and represented 29.8% of total revenue.
• Revenue per share (TTM ending Sep 2025): 1.69 yuan, YoY change -11.30%.
• Three-year CAGR (revenue): 6.60% per year; Five-year CAGR: 12.20% per year.
• Gross profit margin (2024): 27.6%, up 2.07 percentage points YoY, driven by a 15.06% decline in direct material costs.

Revenue trends by period (illustrative breakdown):

Drivers and dynamics:

• Overseas expansion: A 20.95% YoY rise in international sales in 2024, lifting the share of revenue to nearly 30%, points to successful geographic diversification and new market penetration.
• Cost structure improvements: A 15.06% decrease in direct material costs in 2024 materially expanded gross margin by 2.07 percentage points to 27.6%.
• Share-level metrics: Revenue per share at 1.69 yuan (TTM to Sep 2025) reflects the aggregate top-line decline and share count dynamics, with an -11.30% YoY change.
• Longer-term growth: Multi-year CAGRs (6.6% over 3 years; 12.2% over 5 years) suggest episodic volatility but a respectable compounded growth track record prior to recent contractions.

Quick reference link for broader corporate context: Moon Environment Technology Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money

Moon Environment Technology Co.,Ltd. (000811.SZ) - Profitability Metrics

• Net profit attributable to shareholders (first three quarters of 2025): ¥428 million, down 9.68% year-on-year.
• Net profit margin (2024): 10.06%, up 1.19 percentage points versus prior year.
• EBITDA (2024): ¥962.96 million; EBITDA margin: 14.51%, a 12.58% increase year-on-year.
• Operating income (2024): ¥744.82 million; operating margin: 11.23%, up 1.30 percentage points year-on-year.
• Adjusted profit before taxation (most recent reported fiscal): £67.5 million, up 16.0% from £58.2 million year-on-year, driven largely by lower net finance charges from refinancing.
• Return on equity (ROE): 9.9%; Net margins: 8.9%.

• Operational efficiency: EBITDA and operating margin expansion in 2024 point to improving core profitability and cost control.
• Profitability pressure in 2025 YTD: Q1-Q3 net profit decline suggests either margin compression in specific segments or higher non-operating/one-off items.
• Balance of currency metrics: sterling-denominated adjusted pre-tax uplift reflects financing gains that may not directly translate to RMB-operational metrics; treat refinancing benefits as partly non-recurring.
• ROE and net margin levels (9.9% and 8.9%) indicate moderate capital efficiency relative to peers in environmental engineering and tech; monitor trend direction with upcoming full-year disclosures.

Moon Environment Technology Co.,Ltd. (000811.SZ) - Debt vs. Equity Structure

• Total debt (as of 19 Jun 2025): 898.97 million yuan.
• Net cash position (as of 19 Jun 2025): 2.41 billion yuan.
• Implied cash and equivalents (debt + net cash): ~3.309 billion yuan.
• Equity (book value): 6.31 billion yuan; book value per share: 5.95 yuan.
• Shares outstanding: 992.64 million (YoY +3.54%).
• Market capitalization (16 Sep 2025): 13.78 billion yuan; enterprise value: 11.80 billion yuan.
• Altman Z-Score: 2.55 (elevated bankruptcy risk signal).
• Piotroski F-Score: 7 (moderate financial health).

• Leverage and liquidity: net cash of 2.41 billion yuan versus total debt of 898.97 million yuan yields a comfortable net liquidity cushion; net cash reduces enterprise value relative to market cap (EV 11.80bn vs. market cap 13.78bn).
• Capital structure implications: book equity of 6.31 billion yuan against market cap 13.78 billion yuan suggests a price-to-book ratio ~2.18x, reflecting market premium to accounting equity.
• Risk signals: Altman Z-Score at 2.55 sits below the safe zone (>2.99), signaling increased default risk despite positive net cash; Piotroski F-Score of 7 implies operational and profitability metrics are generally solid.
• Share base dynamics: a 3.54% YoY increase in shares outstanding modestly dilutes book value per share but is small relative to market capitalization.

Moon Environment Technology Co.,Ltd. (000811.SZ) - Liquidity and Solvency

Key liquidity and solvency metrics for Moon Environment Technology Co.,Ltd. (000811.SZ) show a strong short-term cash position, solid operating cash generation and a conservative payout approach that supports reinvestment and shareholder returns.

• Operating cash flow (TTM): 725.23 million yuan
• Capital expenditures (TTM): -122.40 million yuan
• Free cash flow (TTM): 602.82 million yuan
• Working capital: 2.94 billion yuan
• Cash and cash equivalents: 3.31 billion yuan
• Net cash per share: 2.42 yuan
• Dividend payout ratio: 29.97%
• Dividend yield: 2.59%
• Earnings yield: 6.79%

For additional shareholder composition and buying trends, see: Exploring Moon Environment Technology Co.,Ltd. Investor Profile: Who's Buying and Why?

Moon Environment Technology Co.,Ltd. (000811.SZ) - Valuation Analysis

• Trailing PE: 14.89 - implies investors pay ~14.9x last 12 months' earnings.
• Forward PE: 13.01 - suggests earnings expectations modestly reduce the multiple.
• PS (Price-to-Sales): 1.39 - valuation relative to revenue is moderate.
• PB (Price-to-Book): 1.40 - stock trades near 1.4x book value, indicating fair book-based pricing.
• Market cap (as of 2025-09-16): 13.78 billion yuan - up 114.53% over one year.
• Enterprise value: 11.80 billion yuan - reflects total firm value including debt.
• Stock price (2025-12-12): 18.20 yuan; 52-week range: 7.50 - 18.36 yuan.
• Beta: 0.82 - lower volatility vs. market, useful for portfolio risk considerations.

Moon Environment Technology Co.,Ltd. (000811.SZ) - Risk Factors

Key quantitative indicators point to several areas of investor concern for Moon Environment Technology Co.,Ltd. below are the principal risk factors, supported by recent metric trends and their immediate implications.

• Altman Z-Score: 2.55 - bordering the distress zone, indicating increased bankruptcy risk relative to healthier peers.
• Piotroski F-Score: 7 - moderate financial strength but not a clear "high-quality" signal; warrants closer cash-flow and earnings quality checks.
• Revenue per share: -11.30% YoY over the past 12 months - declining top-line efficiency on a per-share basis.
• Net profit margin: -9.68% YoY in 1-3Q 2025 - shrinking profitability that can pressure cash flow and valuation multiples.
• Operating revenue: -2.45% YoY in 1-3Q 2025 - falling sales, indicating demand or execution issues in the core business.
• Market capitalization: -9.66% in 2024 - reduced market confidence and potential liquidity/valuation compression.

Risk vectors to monitor include liquidity and short-term solvency (given the Altman Z-Score), earnings quality and accruals (Piotroski components), continuing top-line weakness (revenue per share and operating revenue declines), margin pressure (net profit margin contraction), and market-driven valuation changes (market-cap decline). For background on the company's structure and business model, see: Moon Environment Technology Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money

Moon Environment Technology Co.,Ltd. (000811.SZ) - Growth Opportunities

• Overseas revenue grew 20.95% year-on-year in 2024, signalling successful international market penetration.
• Strategic theme for 2025: 'Starting with the End in Mind, Standing Tall' - prioritizing technological leadership and global breakthroughs.
• Investor sentiment amplified by a 114.53% increase in market capitalization year-over-year, reaching ¥13.78 billion as of 16 Sep 2025.
• Share price as of 12 Dec 2025: ¥18.20; 52-week range: ¥7.50-¥18.36, indicating appreciable upside since the low.

• Projected compound revenue growth across 2025-2027 supports scaling R&D and international sales efforts.
• Expected net-profit margins expansion aligns with technology-led value capture and operational leverage.
• Recent stock performance and widened 52-week range reflect both realized growth and future upside potential for investors.