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Zhejiang Weiming Environment Protection Co Ltd

603568 · SHG · Industrials / Waste Management

12.15CNY-0.11 (-0.90%)

Price History

Full chart

Market Stats

Previous Close12.26
Open12.27
Day Range11.90 – 12.30
52-Week Range13.17 – 29.37
Volume13.19M
Market Cap27.49B
P/E (TTM)19.17
Forward P/E0.00
EPS0.70
Dividend Yield4.47%
Beta0.17
50-Day Avg14.62
200-Day Avg18.33

About

Zhejiang Weiming Environment Protection Co., Ltd., together with its subsidiaries, invests, manufactures, constructs, and operates environment protection equipment in China and internationally. It operates through five segments: Solid Waste Treatment, Kitchen Waste and Sewage Treatment, Hazardous Waste Treatment, Smart Sanitation, and Engineering Equipment. The company invests, constructs, and manages waste incineration and power generation projects, including waste incineration boiler, flue and gas cleaning facilities, automation control, sewage leachate treatment, and kitchen waste treatment; and sewage, kitchen waste, and sludge treatment projects, such as black and odorous water, anaerobic sludge digestion in sewage treatment plant, organic and inorganic waste water treatment, river sludge solidification, and resource utilization. It also engages in the construction and operation of fly ash and general industrial solid waste landfill projects; and planning, design, investment, construction, and operation of integrated rural-urban environment protection, kitchen waste collection and treatment, smart waste classification, rural-urban road cleaning, and rural household and urban solid waste collection and treatment. In addition, the company produces multicolumn reciprocating grates; flue gas treatment system comprising SNCR and SCR denitration, lime pulping, spray drying absorbing tower and selection, dry flue gas purification, activated carbon injection equipment, bag dedusting, and fly ash transportation systems; automatic control system, which includes ACCS grate and DCS control, flue gas and water treatment, and supervisory information systems, as well as low-voltage withdrawable switch cabinet, power-supply cabinet, and distribution box. Further, it is involved in trading; scientific research; technology and technical services; non-ferrous metals manufacturing; and real estate services. The company was founded in 1998 and is headquartered in Wenzhou, China.

Company Details

  • SectorIndustrials
  • IndustryWaste Management
  • CEOMr. Guang Ming Xiang
  • Employees4.26K
  • HeadquartersTongren Hengjiu Building, Wenzhou, China, 325088, China
  • Websitehttps://www.cnweiming.com

Leadership

  • Mr. Guang Ming XiangChairman & President · b. 1963
  • Mr. Peng ChengFinancial Director, VP & Secretary of the Board of Directors · b. 1973
  • Mr. Ge ChenVP & Director · b. 1966
  • Mr. Pengyu XiangVP & Director · b. 1988
  • Mr. Yihao XiangVP & Director · b. 1990
  • Mr. Xiao Jian ZhangVice President · b. 1968
  • Mr. Jian Yong LiVice President · b. 1979
  • Mr. Wu Liang ChengVice President · b. 1977
  • Ms. Ling LiVice President · b. 1978
  • Mr. Dahai ZhuVice President · b. 1977

Financials

Income Statement

Currency: CNY2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue278.26M395.41M530.52M667.02M675.06M693.17M1.03B1.55B2.04B3.12B4.29B4.47B6.02B7.17B6.24B
Growth (%)-+42.10%+34.17%+25.73%+1.21%+2.68%+48.51%+50.29%+31.73%+53.25%+37.32%+4.31%+34.66%+19.03%-13.04%
Cost of Revenue113.94M140.06M180.30M223.53M229.12M262.97M398.48M614.17M774.74M1.43B2.26B2.36B3.17B3.46B3.06B
Gross Profit164.32M255.35M350.22M443.49M445.94M430.20M630.97M932.96M1.26B1.69B2.03B2.11B2.86B3.71B3.17B
Gross Margin59.05%64.58%66.01%66.49%66.06%62.06%61.29%60.30%61.99%54.11%47.31%47.24%47.45%51.76%50.88%
Operating Expense107.40M59.61M72.82M74.80M170.02M143.07M56.03M72.48M160.53M237.98M272.12M337.35M571.80M615.28M322.30M
Operating Income56.92M195.73M277.40M368.69M275.92M287.12M574.94M860.47M1.10B1.45B1.76B1.78B2.29B3.10B2.85B
Operating Margin20.45%49.50%52.29%55.27%40.87%41.42%55.85%55.62%54.11%46.49%40.96%39.70%37.96%43.18%45.71%
EBITDA108.38M239.68M343.89M403.92M526.67M555.71M747.36M1.04B1.38B1.75B2.13B2.51B3.10B3.99B3.49B
EBITDA Margin38.95%60.61%64.82%60.56%78.02%80.17%72.60%67.47%67.68%55.98%49.76%56.18%51.47%55.64%55.98%
Net Income69.73M116.63M170.97M222.61M291.35M328.56M506.86M740.06M974.38M1.26B1.60B1.66B2.05B2.70B2.21B
Net Income Margin25.06%29.50%32.23%33.37%43.16%47.40%49.24%47.83%47.81%40.25%37.42%37.20%34.00%37.71%35.50%
R&D-7.89M6.93M5.36M5.96M4.96M6.91M17.08M34.27M60.15M60.71M84.51M99.87M114.33M130.00M
R&D as % of Total Revenue-1.99%1.31%0.80%0.88%0.72%0.67%1.10%1.68%1.93%1.42%1.89%1.66%1.59%2.08%
Interest Expense47.67M37.04M49.83M53.04M87.26M52.98M50.12M50.35M91.02M81.57M119.20M250.20M269.15M285.32M183.03M
Interest Expense % of Total Revenue17.13%9.37%9.39%7.95%12.93%7.64%4.87%3.25%4.47%2.61%2.78%5.59%4.47%3.98%2.94%

Balance Sheet

Currency: CNY2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.05B2.47B2.69B2.81B3.02B3.36B3.93B5.74B6.91B10.47B14.65B20.22B24.10B27.48B30.17B
Total Liabilities1.49B1.81B1.90B1.83B1.34B1.45B1.62B2.65B2.68B4.92B6.46B9.68B11.57B12.46B13.26B
Total Equity566.52M666.15M786.12M978.13M1.68B1.92B2.31B3.08B4.21B5.49B7.65B9.29B11.10B13.31B14.99B
Cash59.42M104.13M141.69M208.99M246.84M341.31M541.73M1.19B802.03M964.73M813.61M2.37B2.58B2.25B3.28B
Total Debt828.72M922.88M863.04M754.20M213.36M347.18M340.32M1.15B1.00B2.39B3.36B5.98B5.97B6.55B-
Net Debt769.30M818.75M721.35M545.21M-33.48M5.87M-201.41M-35.43M200.31M1.42B2.54B3.61B3.40B4.30B3.43B

Cash Flow

Currency: CNY2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-217.87M386.64M401.06M457.47M427.97M664.50M743.93M867.87M952.47M1.19B2.19B2.33B2.43B3.22B
Investing Cash Flow-347.89M-203.51M-204.25M-92.32M-258.24M-363.03M-390.08M-876.11M-1.20B-2.17B-2.12B-3.03B-2.50B-3.16B-
Financing Cash Flow126.02M34.05M-153.83M-228.18M-166.15M30.44M-80.54M796.49M-80.63M1.37B804.91M2.38B273.37M468.75M-
Capital Expenditure395.20M206.04M228.32M106.80M211.18M246.73M440.36M1.07B1.21B1.90B2.36B2.25B2.27B3.05B2.09B
Free Cash Flow-395.20M11.83M158.32M294.26M246.29M181.24M224.13M-323.11M-346.30M-945.22M-1.17B-59.76M52.34M-622.67M1.13B
Dividends Paid50.14M82.14M79.13M119.84M72.01M106.06M153.00M196.89M226.95M299.64M380.65M169.42M327.13M626.82M982.54M
FCF to OCF-5.43%40.95%73.37%53.84%42.35%33.73%-43.43%-39.90%-99.24%-97.95%-2.73%2.25%-25.62%35.11%
Dividend Paid to FCF-12.69%694.31%49.98%40.73%29.24%58.52%68.26%-60.94%-65.53%-31.70%-32.55%-283.51%625.01%-100.67%86.85%

Earnings

Report DateOct 28, 2015Dec 31, 2015Apr 29, 2016Aug 27, 2016Oct 28, 2016Dec 31, 2016Apr 14, 2017Aug 18, 2017Oct 28, 2017Mar 9, 2018Apr 28, 2018Aug 10, 2018Oct 19, 2018Dec 31, 2018Apr 9, 2019Aug 16, 2019Oct 27, 2019Apr 27, 2020Aug 21, 2020Oct 30, 2020Dec 31, 2020Apr 20, 2021Aug 20, 2021Oct 27, 2021Apr 29, 2022Aug 26, 2022Oct 19, 2022Apr 21, 2023
EPS Estimate-----------------0.12--0.210.21------
EPS Actual0.050.040.050.050.060.050.080.080.080.080.190.160.170.100.340.220.210.150.190.250.210.220.250.250.270.260.660.24
Surprise-----------------25.00%--0.00%4.76%------
TimingPre-market-Pre-marketPre-marketAfter-hours-After-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-market-Pre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hours-Pre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-market

Key Statistics & Ratios

Market Cap27.49B
Enterprise Value33.40B
Trailing P/E19.17
Forward P/E0.00
Price / Sales5.09
Price / Book1.92
EPS0.70
Book Value6.99
Revenue (TTM)5.40B
Gross Profit (TTM)2.70B
EBITDA2.95B
Profit Margin31.82%
Operating Margin38.65%
Return on Equity11.49%
Return on Assets4.57%
Shares Outstanding2.05B
Shares Float600.47M
Beta0.17
Dividend Yield4.47%
Dividend Rate0.60
Payout Ratio85.51%

Dividends

20231×
0.15Jul 14, 2023
20221×
0.13Jul 6, 2022
20211×
0.23Jul 6, 2021
20201×
0.24Jun 23, 2020
20191×
0.20May 17, 2019
20181×
0.11Jun 8, 2018
20171×
0.09May 25, 2017
20161×
0.09Jun 15, 2016

Stock Splits

  • Jul 6, 202213:10
  • Jun 23, 202013:10
  • May 17, 201927:20
  • Jun 15, 20163:2