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Zhejiang Baida Precision Mnfg

603331 · SHG · Consumer Cyclical / Auto Parts

10.76CNY-0.26 (-2.36%)

Price History

Full chart

Market Stats

Previous Close11.02
Open11.01
Day Range10.70 – 11.32
52-Week Range9.45 – 21.78
Volume7.64M
Market Cap2.50B
P/E (TTM)0.00
Forward P/E0.00
EPS-0.84
Dividend Yield0.00%
Beta0.42
50-Day Avg12.52
200-Day Avg13.93

About

Zhejiang Baida Precision Manufacturing Corp. engages in the research, development, manufacture, and sale of compressor components and automotive parts in China. The company provides rotary compressor components, including sliders, balance blocks, cylinders, crankshafts, pistons, upper- and lower-cylinder covers, and partitions; commercial air conditioner vortex compressors comprising cross rings, lower bearing housings, motor brackets, oil pump covers, and elbows; and air conditioning compressors for new energy vehicles, such as moving disks, quiet trays, shells, and end covers. It also offers automotive starter motor components, including reduction shafts, magnetic poles, dynamic and stationary iron cores, and switch shells; automotive EPS electronic steering components comprising axle forks, chassis, end covers, and aluminum casings; automotive electronic parking brake components consisting of caliper pistons; automotive generators; new energy vehicle drive motor components, such as motor shafts; and photovoltaic cells. The company was founded in 1995 and is headquartered in Taizhou, China.

Company Details

  • SectorConsumer Cyclical
  • IndustryAuto Parts
  • CEOMr. Qi Bin Zhang
  • Employees2.48K
  • HeadquartersNo. 2399 Haicheng Road, Taizhou, China, 318000, China
  • Websitehttps://www.baidapm.com

Leadership

  • Mr. Qi Bin ZhangGM & Director · b. 1970
  • Mr. Jianhui YiChief Financial Officer · b. 1969
  • Mr. Qi Chun ZhangDeputy GM & Director · b. 1963
  • Ms. Wen XuSecretary of the Board · b. 1995
  • Lingyan TaoAccounting 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 Revenue407.36M480.23M543.03M475.86M549.24M727.60M774.54M852.10M967.59M1.22B1.29B1.44B1.53B1.41B
Growth (%)-+17.89%+13.08%-12.37%+15.42%+32.48%+6.45%+10.01%+13.55%+25.93%+5.66%+11.79%+6.63%-8.21%
Cost of Revenue294.51M349.93M399.38M346.20M402.97M541.74M583.23M644.49M730.08M966.73M1.05B1.11B1.23B1.11B
Gross Profit112.85M130.30M143.65M129.66M146.27M185.86M191.31M207.61M237.51M251.73M240.31M325.46M300.67M300.39M
Gross Margin27.70%27.13%26.45%27.25%26.63%25.54%24.70%24.36%24.55%20.66%18.67%22.61%19.59%21.32%
Operating Expense61.13M91.82M95.52M89.94M87.68M111.59M103.93M118.11M137.91M145.60M160.83M175.92M296.99M179.31M
Operating Income51.72M38.49M48.13M39.72M58.59M74.27M87.38M89.50M99.60M106.13M79.48M149.54M3.69M121.08M
Operating Margin12.70%8.01%8.86%8.35%10.67%10.21%11.28%10.50%10.29%8.71%6.17%10.39%0.24%8.60%
EBITDA48.76M95.69M104.52M96.10M112.71M128.23M145.19M153.97M192.12M226.92M214.86M266.60M162.86M-24.83M
EBITDA Margin11.97%19.93%19.25%20.20%20.52%17.62%18.75%18.07%19.86%18.62%16.69%18.52%10.61%-1.76%
Net Income23.18M35.76M42.15M35.67M55.56M62.90M70.47M74.72M81.49M91.83M67.36M118.90M33.02M-225.63M
Net Income Margin5.69%7.45%7.76%7.50%10.12%8.65%9.10%8.77%8.42%7.54%5.23%8.26%2.15%-16.02%
R&D19.96M16.56M20.83M18.04M17.00M20.95M24.71M26.69M28.05M37.42M45.32M43.31M48.77M52.63M
R&D as % of Total Revenue4.90%3.45%3.84%3.79%3.09%2.88%3.19%3.13%2.90%3.07%3.52%3.01%3.18%3.74%
Interest Expense025.10M25.82M22.86M16.34M17.23M16.80M14.18M28.83M32.07M32.61M19.33M35.23M38.45M
Interest Expense % of Total Revenue0.00%5.23%4.75%4.80%2.98%2.37%2.17%1.66%2.98%2.63%2.53%1.34%2.30%2.73%

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 Assets600.27M644.64M659.44M669.34M722.16M1.03B1.09B1.50B1.89B2.09B2.11B3.25B3.26B3.04B
Total Liabilities390.75M401.06M395.88M365.17M363.10M350.49M367.30M663.90M937.64M1.12B1.11B1.92B1.95B2.03B
Total Equity197.83M233.58M263.57M299.84M355.41M678.03M718.35M762.18M873.58M895.34M930.40M1.28B1.28B1.04B
Cash13.86M23.42M36.26M27.66M27.20M72.43M66.55M183.50M193.66M133.06M113.23M387.86M225.21M167.90M
Total Debt323.16M296.10M313.64M297.07M251.62M240.18M221.65M420.04M598.91M726.02M682.23M551.66M828.08M-
Net Debt309.30M272.68M277.38M269.41M224.42M167.75M155.10M236.53M405.24M592.96M569.00M163.81M602.87M315.95M

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 Flow73.36M59.01M97.30M77.64M95.10M-93.93M38.13M34.93M9.34M-4.76M180.24M285.78M178.54M281.82M
Investing Cash Flow-80.36M-30.41M-49.18M-52.70M-42.13M-184.04M-36.31M-264.58M-262.07M-216.64M-108.69M-362.56M-399.61M-
Financing Cash Flow-6.52M-18.14M-40.40M-28.94M-57.15M298.08M11.35M329.88M282.85M125.20M-76.42M220.58M164.48M-
Capital Expenditure83.05M32.26M41.94M57.63M45.11M55.33M115.92M300.65M288.92M218.83M142.82M257.47M489.80M297.76M
Free Cash Flow-9.68M26.74M55.36M20.01M49.98M-149.27M-77.79M-265.72M-279.58M-223.58M37.42M28.31M-311.25M-15.94M
Dividends Paid22.53M19.82M50.56M17.97M13.10M12.55M37.13M30.03M30.03M35.63M44.48M22.16M62.92M36.56M
FCF to OCF-13.20%45.32%56.89%25.78%52.56%158.91%-204.01%-760.66%-2992.36%4699.43%20.76%9.90%-174.33%-5.66%
Dividend Paid to FCF-232.63%74.12%91.33%89.77%26.21%-8.41%-47.74%-11.30%-10.74%-15.94%118.86%78.29%-20.21%-229.36%

Earnings

Report DateSep 30, 2017Dec 31, 2017Mar 31, 2018Jun 30, 2018Sep 30, 2018Dec 31, 2018Mar 31, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Mar 31, 2020Aug 11, 2020Oct 27, 2020Dec 31, 2020Apr 29, 2021Jun 30, 2021Sep 30, 2021Dec 31, 2021Mar 31, 2022Jun 30, 2022Sep 30, 2022Dec 31, 2022Mar 31, 2023
EPS Estimate-----------------------
EPS Actual0.080.070.110.120.100.070.140.120.090.070.060.050.120.220.160.140.100.110.090.130.140.020.17
Surprise-----------------------
Timing-----------------------

Key Statistics & Ratios

Market Cap2.50B
Enterprise Value3.36B
Trailing P/E0.00
Forward P/E0.00
Price / Sales1.89
Price / Book2.23
EPS-0.84
Book Value5.66
Revenue (TTM)1.32B
Gross Profit (TTM)228.67M
EBITDA182.11M
Profit Margin-12.69%
Operating Margin-1.75%
Return on Equity-18.58%
Return on Assets0.86%
Shares Outstanding202.18M
Shares Float127.88M
Beta0.42
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio22.86%

Dividends

20221×
0.25Jun 7, 2022
20211×
0.20Jun 30, 2021
20201×
0.24Jul 20, 2020
20191×
0.17May 29, 2019
20181×
0.14Jun 1, 2018

Stock Splits

  • Jul 20, 20207:5