Hangzhou Zhengqiang Corporation Limited

301119 · SHE · Consumer Cyclical / Auto Parts

23.95CNY-1.23 (-4.88%)

Price History

Full chart

Market Stats

Previous Close25.18

Open23.80

Day Range23.70 – 25.84

52-Week Range16.69 – 44.07

Volume3.02M

Market Cap4.03B

P/E (TTM)41.97

Forward P/E0.00

EPS0.66

Dividend Yield0.43%

Beta0.77

50-Day Avg23.27

200-Day Avg29.46

About

Hangzhou Zhengqiang Corporation Limited engages in the research, development, production, and sales of automobile cross-axle universal joint assemblies, forks, cross shafts, steering shafts, and related components in China and internationally. Its products are used in automotive steering and transmission systems, OEM and aftermarket sectors, and passenger and commercial vehicle models. Hangzhou Zhengqiang Corporation Limited was incorporated in 1997 and is based in Xiaoshan, China.

Company Details

SectorConsumer Cyclical
IndustryAuto Parts
CEOMr. Zhengqing Xu
Employees744
HeadquartersZhangpanqiao Village, Xiaoshan, China, 311201, China
Websitehttps://www.zhengqiang.com

Leadership

Mr. Zhengqing XuChairman of the Board & GM · b. 1969
Ms. Hang Yan WangCFO, Accounting Supervisor & Secretary of the Board · b. 1981
Ms. Yun FuDeputy General Manager · b. 1969
Mr. Sheng Xiao PanDeputy General Manager · b. 1971

Financials

Income Statement

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	300.93M	319.52M	305.14M	282.10M	354.11M	427.79M	417.41M	422.24M	459.22M
Growth (%)	-	+6.18%	-4.50%	-7.55%	+25.53%	+20.81%	-2.43%	+1.16%	+8.76%
Cost of Revenue	185.18M	223.27M	217.63M	195.33M	260.57M	299.69M	279.93M	288.12M	314.59M
Gross Profit	115.75M	96.25M	87.51M	86.77M	93.54M	128.10M	137.48M	134.13M	144.64M
Gross Margin	38.47%	30.12%	28.68%	30.76%	26.41%	29.94%	32.94%	31.77%	31.50%
Operating Expense	49.32M	31.11M	28.40M	25.58M	34.29M	16.41M	26.91M	30.59M	42.47M
Operating Income	66.44M	65.13M	59.11M	61.19M	59.24M	111.69M	110.57M	103.53M	102.16M
Operating Margin	22.08%	20.38%	19.37%	21.69%	16.73%	26.11%	26.49%	24.52%	22.25%
EBITDA	80.66M	74.90M	69.71M	71.74M	71.04M	124.86M	130.12M	124.81M	154.21M
EBITDA Margin	26.80%	23.44%	22.85%	25.43%	20.06%	29.19%	31.17%	29.56%	33.58%
Net Income	58.12M	56.22M	51.43M	52.92M	53.01M	98.04M	96.92M	90.93M	112.73M
Net Income Margin	19.31%	17.60%	16.85%	18.76%	14.97%	22.92%	23.22%	21.54%	24.55%
R&D	10.10M	12.87M	12.70M	12.62M	16.09M	19.07M	18.02M	20.64M	18.12M
R&D as % of Total Revenue	3.36%	4.03%	4.16%	4.47%	4.54%	4.46%	4.32%	4.89%	3.95%
Interest Expense	1.33M	202.45K	167.42K	153.63K	201.33K	764.03K	3.41M	4.34M	4.59M
Interest Expense % of Total Revenue	0.44%	0.06%	0.05%	0.05%	0.06%	0.18%	0.82%	1.03%	1.00%

Balance Sheet

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	351.12M	407.99M	474.74M	527.79M	866.74M	1.09B	1.16B	1.36B	1.39B
Total Liabilities	70.44M	72.82M	92.92M	93.05M	89.01M	221.24M	185.84M	338.30M	344.95M
Total Equity	275.97M	330.39M	381.82M	434.74M	777.73M	869.77M	954.69M	1.02B	1.04B
Cash	131.14M	150.54M	218.50M	253.37M	388.01M	700.19M	791.00M	856.23M	790.05M
Total Debt	10.00M	7.02M	26.06M	26.10M	701.75K	23.36M	15.74M	105.80M	-
Net Debt	-121.14M	-143.52M	-192.44M	-227.27M	-387.31M	-676.83M	-775.27M	-750.43M	-

Cash Flow

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	64.60M	41.61M	45.20M	50.14M	42.62M	193.78M	118.99M	45.35M	148.78M
Investing Cash Flow	127.98M	-77.77M	61.10M	-9.32M	-184.18M	96.83M	-10.70M	-88.68M	-
Financing Cash Flow	-96.90M	-10.05M	-6.96M	-1.34M	286.98M	16.24M	-23.01M	64.27M	-
Capital Expenditure	23.46M	15.28M	6.96M	10.38M	10.39M	17.89M	42.91M	23.19M	75.09M
Free Cash Flow	41.14M	26.33M	38.24M	39.76M	32.23M	175.89M	76.08M	22.16M	73.69M
Dividends Paid	101.40M	46.83K	1.80M	-	-	6.00M	12.00M	24.50M	100.15M
FCF to OCF	63.68%	63.27%	84.60%	79.29%	75.62%	90.77%	63.94%	48.87%	49.53%
Dividend Paid to FCF	246.46%	0.18%	4.71%	-	-	3.41%	15.77%	110.54%	135.90%

Earnings

Report Date	Dec 31, 2021	Mar 31, 2022	Jun 30, 2022	Sep 30, 2022	Dec 31, 2022	Mar 31, 2023	Jun 30, 2023	Sep 30, 2023	Dec 31, 2023	Mar 31, 2024	Jun 30, 2024	Sep 30, 2024	Dec 31, 2024	Mar 31, 2025	Jun 30, 2025	Sep 30, 2025	Dec 31, 2025	Mar 31, 2026	Jun 30, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.10	0.11	0.20	0.19	0.17	0.14	0.17	0.21	0.15	0.13	0.12	0.20	0.17	0.26	0.18	0.19	0.15	0.18	0.16
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap4.03B

Enterprise Value3.12B

Trailing P/E41.97

Forward P/E0.00

Price / Sales8.40

Price / Book3.55

EPS0.66

Book Value7.40

Revenue (TTM)480.19M

Gross Profit (TTM)146.58M

EBITDA109.68M

Profit Margin20.38%

Operating Margin17.34%

Return on Equity9.46%

Return on Assets3.85%

Shares Outstanding145.60M

Shares Float52.63M

Beta0.77

Dividend Yield0.43%

Dividend Rate0.12

Payout Ratio17.85%

Dividends

20261×

0.12Jun 18, 2026

20251×

0.66Jun 17, 2025

20242×

0.07Dec 26, 20240.07Jun 19, 2024

20231×

0.11Jun 19, 2023

20221×

0.04Jun 23, 2022

Stock Splits

Jun 18, 20261.4:1
Jun 19, 20231.3:1