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Zhejiang Taihua New Material

Zhejiang Taihua New Material

603055 · SHG · Consumer Cyclical / Textile Manufacturing

7.98CNY-0.10 (-1.24%)

Price History

Full chart

Market Stats

Previous Close8.08
Open8.06
Day Range7.92 – 8.08
52-Week Range7.62 – 11.29
Volume7.48M
Market Cap8.16B
P/E (TTM)13.89
Forward P/E0.00
EPS0.66
Dividend Yield1.96%
Beta0.30
50-Day Avg8.98
200-Day Avg9.06

About

Zhejiang Taihua New Material Group Co., Ltd. engages in research, development, spinning, weaving, dyeing, finishing, and selling of environmental protection and health, outdoor sports, special protection, and other fabrics in the People's Republic of China. The company offers cool, antibacterial, hygroscopic and sweat releasing, recycled environment-friendly, nylon mechanical stretch, air textured, and dope dyed yarns; nylon filaments; grey fabrics; and functional finished fabrics. It serves military, aerospace, and other industrial fields. The company was founded in 2001 and is based in Jiaxing, China.

Company Details

  • SectorConsumer Cyclical
  • IndustryTextile Manufacturing
  • CEOMr. Wei Feng Shen
  • Employees6.61K
  • HeadquartersNo. 113, Meibei Road, Jiaxing, China, 314011, China
  • Websitehttps://www.textaihua.com

Leadership

  • Mr. Wei Feng ShenGM & Director · b. 1969
  • Mr. Zeng Hua LiFinancial Director · b. 1969
  • Mr. Chenglian LuanBoard Secretary · b. 1983
  • Mr. Zhong Hua DingDeputy General Manager · b. 1971
  • Mr. Hua Gang ShiDeputy General Manager · b. 1963
  • Mr. Dongyang ChenDeputy General Manager · b. 1977
  • Ms. Ling GaoDeputy General Manager · b. 1984
  • Ling Ling YeAccounting Supervisor

Financials

Income Statement

Currency: CNY2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.70B1.85B1.94B1.90B2.24B2.73B2.97B2.69B2.50B4.26B4.01B5.09B7.12B6.41B
Growth (%)-+8.64%+4.85%-2.32%+18.29%+21.60%+9.01%-9.54%-7.04%+70.19%-5.83%+27.07%+39.78%-10.01%
Cost of Revenue1.32B1.46B1.56B1.55B1.69B1.99B2.25B2.09B2.00B3.22B3.21B4.06B5.62B5.08B
Gross Profit389.16M393.04M377.35M350.07M550.29M737.06M728.22M600.01M500.70M1.03B794.80M1.04B1.50B1.33B
Gross Margin22.83%21.22%19.43%18.45%24.52%27.01%24.48%22.30%20.02%24.31%19.83%20.37%21.01%20.76%
Operating Expense154.34M189.84M283.66M307.49M286.22M300.85M317.85M378.44M370.45M516.64M495.36M556.70M684.16M434.37M
Operating Income234.81M203.20M93.69M42.58M264.07M436.21M410.36M221.57M130.25M518.16M299.45M481.12M811.59M895.57M
Operating Margin13.77%10.97%4.82%2.24%11.77%15.99%13.80%8.23%5.21%12.17%7.47%9.45%11.40%13.98%
EBITDA258.29M240.44M244.47M171.99M510.23M638.84M566.59M426.35M394.92M843.45M577.82M797.44M1.22B1.28B
EBITDA Margin15.15%12.98%12.59%9.07%22.74%23.41%19.05%15.85%15.79%19.82%14.41%15.65%17.12%19.98%
Net Income134.63M115.55M80.64M41.40M227.56M366.52M344.60M195.89M119.74M463.71M268.68M449.11M725.72M531.27M
Net Income Margin7.90%6.24%4.15%2.18%10.14%13.43%11.59%7.28%4.79%10.89%6.70%8.82%10.19%8.29%
R&D37.94M38.91M36.87M49.25M56.26M87.38M107.15M146.71M139.39M215.93M237.74M281.58M370.82M297.72M
R&D as % of Total Revenue2.23%2.10%1.90%2.60%2.51%3.20%3.60%5.45%5.57%5.07%5.93%5.53%5.21%4.65%
Interest Expense00124.30M99.56M63.07M37.34M25.56M39.69M54.44M70.60M86.97M91.20M151.17M145.37M
Interest Expense % of Total Revenue0.00%0.00%6.40%5.25%2.81%1.37%0.86%1.47%2.18%1.66%2.17%1.79%2.12%2.27%

Balance Sheet

Currency: CNY2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets3.22B3.61B3.45B3.13B2.94B3.31B4.33B4.59B5.45B6.43B7.59B10.56B11.78B11.36B
Total Liabilities2.25B2.53B2.29B1.94B1.54B1.02B1.76B1.94B2.45B2.72B3.50B6.11B6.73B5.99B
Total Equity966.21M1.08B1.16B1.19B1.40B2.28B2.57B2.65B3.00B3.71B4.09B4.45B5.00B5.33B
Cash359.13M344.37M288.86M288.74M444.69M321.89M990.29M353.84M310.95M429.68M504.00M765.84M1.03B750.30M
Total Debt1.58B1.90B1.64B1.37B949.32M446.65M951.58M1.08B1.36B1.35B1.81B3.75B3.50B-
Net Debt1.22B1.56B1.35B1.08B504.63M124.76M-38.71M723.74M1.05B916.76M1.31B2.98B2.47B3.16B

Cash Flow

Currency: CNY2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow187.88M115.75M214.43M472.43M799.16M465.20M288.43M340.72M486.30M353.73M595.13M303.41M706.43M1.23B
Investing Cash Flow-523.96M-304.00M-72.74M-40.08M-56.45M-520.93M-52.98M-945.61M-990.57M-454.46M-1.09B-1.73B-682.04M-
Financing Cash Flow256.74M245.39M-215.57M-402.05M-611.85M24.32M349.13M19.74M440.09M189.80M502.47M1.58B209.39M-
Capital Expenditure419.67M309.40M73.39M39.49M58.44M217.65M364.50M863.25M962.47M507.75M1.12B1.77B670.41M856.74M
Free Cash Flow-231.78M-193.65M141.04M432.94M740.72M247.55M-76.08M-522.53M-476.17M-154.02M-527.91M-1.47B36.02M371.63M
Dividends Paid146.27M122.28M117.76M110.64M71.52M68.84M143.19M133.03M61.33M41.24M147.56M171.08M272.70M342.25M
FCF to OCF-123.37%-167.30%65.77%91.64%92.69%53.21%-26.38%-153.36%-97.92%-43.54%-88.71%-484.05%5.10%30.25%
Dividend Paid to FCF-63.11%-63.14%83.49%25.56%9.66%27.81%-188.22%-25.46%-12.88%-26.77%-27.95%-11.65%757.05%92.10%

Earnings

Report DateSep 30, 2017Dec 31, 2017Apr 24, 2018Aug 20, 2018Oct 22, 2018Mar 25, 2019Apr 29, 2019Aug 26, 2019Oct 28, 2019Dec 31, 2019Apr 28, 2020Aug 24, 2020Oct 26, 2020Mar 26, 2021Apr 30, 2021Aug 27, 2021Oct 29, 2021Apr 29, 2022Aug 19, 2022Oct 27, 2022Apr 27, 2023
EPS Estimate---------------------
EPS Actual0.090.120.100.200.140.010.070.100.060.000.010.040.050.030.120.200.130.130.140.06-0.03
Surprise---------------------
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-market-Pre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-market

Key Statistics & Ratios

Market Cap8.16B
Enterprise Value12.02B
Trailing P/E13.89
Forward P/E0.00
Price / Sales1.22
Price / Book1.49
EPS0.66
Book Value6.24
Revenue (TTM)6.67B
Gross Profit (TTM)1.37B
EBITDA1.06B
Profit Margin8.84%
Operating Margin12.72%
Return on Equity11.09%
Return on Assets2.85%
Shares Outstanding890.29M
Shares Float302.71M
Beta0.30
Dividend Yield1.96%
Dividend Rate0.18
Payout Ratio27.27%

Dividends

20231×
0.10Jul 3, 2023
20221×
0.17Jul 15, 2022
20211×
0.05May 28, 2021
20201×
0.08Jun 22, 2020
20191×
0.20Jun 11, 2019
20181×
0.16Jul 2, 2018

Stock Splits

  • Jun 11, 20197:5