Qijing Machinery

603677 · SHG · Consumer Cyclical / Auto Parts

14.50CNY-0.30 (-2.03%)

Price History

Full chart

Market Stats

Previous Close14.80

Open14.79

Day Range14.41 – 14.94

52-Week Range12.13 – 21.50

Volume2.48M

Market Cap2.76B

P/E (TTM)205.00

Forward P/E0.00

EPS0.07

Dividend Yield1.39%

Beta0.46

50-Day Avg13.59

200-Day Avg15.70

About

Qijing Machinery Co., Ltd. researches and develops, produces, and sells electric tool parts in China. It offers home appliance parts, such as washing machine clutch parts, washing machine injection molding parts, drum washing machine spare parts, and dishwasher parts; auto parts including engine parts, gearbox parts, engineering machinery parts, etc., mainly used in automobile car engines, automotive parts, gearboxes, transmissions, and engineering hydraulic systems; and power tool parts comprising shafts, cylinder sleeves, tool handles, and other parts used to assemble professional-grade electric tools. The company was founded in 1996 and is headquartered in Ningbo, China.

Company Details

SectorConsumer Cyclical
IndustryAuto Parts
CEOMr. Weidong Wang
Employees2.81K
HeadquartersNo. 1, Sanxing East Road, Ningbo, China, 315609, China
Websitehttps://www.qijing-m.com

Leadership

Mr. Weidong WangPresident & Director · b. 1976
Ms. Liqun YaoVP & CFO · b. 1978
Mr. Chen ZhouVP & Employee Director · b. 1972
Mr. Dongmin WangVP & Director of Purchasing · b. 1979
Ms. Lin TianBoard Secretary · b. 1979

Financials

Income Statement

Currency: CNY	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	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	1.16B	991.88M	1.25B	1.22B	1.26B	1.12B	1.29B	1.38B	1.67B	1.56B	2.01B	1.80B	1.77B	2.00B	2.07B
Growth (%)	-	-14.71%	+26.24%	-2.67%	+3.40%	-11.32%	+15.63%	+6.89%	+20.64%	-6.42%	+28.59%	-10.03%	-1.78%	+13.11%	+3.16%
Cost of Revenue	1.03B	845.62M	1.06B	1.01B	1.03B	886.49M	1.03B	1.15B	1.42B	1.35B	1.73B	1.58B	1.52B	1.76B	1.81B
Gross Profit	136.36M	146.26M	192.07M	207.11M	232.46M	231.10M	266.06M	235.42M	244.19M	208.45M	273.24M	227.79M	253.40M	239.39M	262.44M
Gross Margin	11.73%	14.75%	15.34%	16.99%	18.45%	20.68%	20.59%	17.04%	14.65%	13.37%	13.63%	12.63%	14.30%	11.94%	12.69%
Operating Expense	114.82M	59.63M	85.91M	123.37M	128.82M	115.48M	137.22M	137.40M	152.64M	145.56M	174.92M	161.60M	179.49M	168.41M	182.42M
Operating Income	21.54M	86.63M	106.16M	83.74M	103.63M	115.62M	128.84M	98.02M	91.55M	62.88M	98.31M	66.18M	73.91M	70.98M	80.01M
Operating Margin	1.85%	8.73%	8.48%	6.87%	8.22%	10.35%	9.97%	7.10%	5.49%	4.03%	4.90%	3.67%	4.17%	3.54%	3.87%
EBITDA	90.84M	107.08M	147.61M	144.24M	158.89M	161.23M	173.39M	154.06M	170.95M	145.99M	188.59M	166.96M	178.30M	181.07M	155.27M
EBITDA Margin	7.81%	10.80%	11.79%	11.84%	12.61%	14.43%	13.42%	11.15%	10.26%	9.36%	9.40%	9.25%	10.06%	9.03%	7.51%
Net Income	9.98M	31.80M	63.25M	61.77M	77.26M	88.18M	100.09M	77.69M	76.32M	56.21M	88.91M	64.01M	69.15M	67.45M	48.23M
Net Income Margin	0.86%	3.21%	5.05%	5.07%	6.13%	7.89%	7.75%	5.62%	4.58%	3.60%	4.43%	3.55%	3.90%	3.37%	2.33%
R&D	-	-	15.89M	19.73M	22.16M	23.78M	48.76M	47.97M	48.75M	49.57M	68.83M	67.44M	60.94M	68.15M	72.09M
R&D as % of Total Revenue	-	-	1.27%	1.62%	1.76%	2.13%	3.77%	3.47%	2.93%	3.18%	3.43%	3.74%	3.44%	3.40%	3.49%
Interest Expense	39.34M	35.24M	36.92M	30.27M	21.50M	11.76M	8.71M	10.39M	24.33M	19.85M	23.75M	22.46M	22.81M	26.61M	11.98M
Interest Expense % of Total Revenue	3.38%	3.55%	2.95%	2.48%	1.71%	1.05%	0.67%	0.75%	1.46%	1.27%	1.18%	1.25%	1.29%	1.33%	0.58%

Balance Sheet

Currency: CNY	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	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	901.78M	843.42M	840.92M	885.49M	896.45M	906.49M	1.39B	2.00B	1.77B	1.81B	2.06B	2.01B	2.14B	2.26B	2.23B
Total Liabilities	767.17M	682.01M	583.10M	565.90M	512.21M	449.47M	505.74M	962.91M	700.95M	770.28M	949.07M	893.01M	987.47M	1.11B	1.07B
Total Equity	134.61M	161.41M	257.82M	319.58M	384.24M	457.02M	887.33M	1.04B	1.07B	1.04B	1.11B	1.12B	1.16B	1.15B	1.16B
Cash	76.44M	23.07M	29.72M	41.51M	54.30M	33.33M	107.64M	197.97M	85.21M	226.82M	315.47M	299.71M	360.33M	364.64M	210.40M
Total Debt	311.35M	333.96M	310.00M	235.36M	161.60M	99.10M	78.40M	534.55M	273.05M	289.14M	389.42M	371.28M	529.58M	398.93M	-
Net Debt	234.91M	310.89M	280.28M	193.85M	107.30M	65.77M	-29.24M	336.58M	187.84M	62.32M	73.95M	71.57M	169.25M	34.29M	168.24M

Cash Flow

Currency: CNY	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	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	-4.97M	94.19M	36.43M	110.14M	162.26M	113.37M	-64.27M	77.19M	113.94M	309.33M	74.85M	175.05M	204.22M	124.54M	29.00M
Investing Cash Flow	-56.26M	-58.07M	12.65M	-23.47M	-49.29M	-44.02M	-213.12M	-490.87M	87.65M	-144.42M	16.81M	-209.24M	-145.49M	-71.85M	-
Financing Cash Flow	62.77M	-48.32M	-35.36M	-92.94M	-98.79M	-83.97M	358.97M	496.75M	-321.51M	-93.42M	63.47M	-99.18M	-11.74M	-70.50M	-
Capital Expenditure	46.26M	71.93M	70.45M	26.62M	57.22M	66.53M	169.64M	148.65M	164.50M	83.16M	128.25M	84.17M	95.04M	155.19M	129.62M
Free Cash Flow	-51.24M	22.26M	-34.03M	83.53M	105.04M	46.85M	-233.91M	-71.45M	-50.55M	226.17M	-53.40M	90.87M	109.18M	-30.65M	-100.62M
Dividends Paid	15.45M	26.41M	84.10M	17.90M	23.79M	21.03M	64.80M	35.29M	38.18M	92.22M	19.21M	57.64M	37.21M	87.05M	60.17M
FCF to OCF	1029.96%	23.63%	-93.41%	75.83%	64.73%	41.32%	363.94%	-92.56%	-44.37%	73.12%	-71.34%	51.91%	53.46%	-24.61%	-346.98%
Dividend Paid to FCF	-30.15%	118.66%	-247.17%	21.43%	22.64%	44.88%	-27.70%	-49.40%	-75.52%	40.78%	-35.98%	63.43%	34.08%	-284.05%	-59.80%

Earnings

Report Date	Apr 29, 2017	Aug 2, 2017	Oct 25, 2017	Feb 27, 2018	Mar 31, 2018	Jun 30, 2018	Sep 30, 2018	Dec 31, 2018	Mar 31, 2019	Jun 30, 2019	Sep 30, 2019	Dec 31, 2019	Mar 31, 2020	Aug 15, 2020	Oct 27, 2020	Mar 17, 2021	Apr 27, 2021	Jun 30, 2021	Sep 30, 2021	Dec 31, 2021	Mar 31, 2022	Jun 30, 2022	Sep 30, 2022	Dec 31, 2022	Mar 31, 2023
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.10	0.15	0.12	0.16	0.10	0.10	0.07	0.13	0.10	0.09	0.10	0.11	0.06	0.10	0.11	0.03	0.11	0.15	0.13	0.07	0.11	0.09	0.10	0.04	0.09
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	Pre-market	Pre-market	Pre-market	Pre-market	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap2.76B

Enterprise Value3.06B

Trailing P/E205.00

Forward P/E0.00

Price / Sales1.35

Price / Book2.49

EPS0.07

Book Value5.79

Revenue (TTM)2.04B

Gross Profit (TTM)208.40M

EBITDA116.31M

Profit Margin0.64%

Operating Margin-1.29%

Return on Equity1.05%

Return on Assets0.75%

Shares Outstanding192.60M

Shares Float50.41M

Beta0.46

Dividend Yield1.39%

Dividend Rate0.20

Payout Ratio293.69%

Dividends

20231×

0.15May 11, 2023

20221×

0.30Apr 28, 2022

20211×

0.10Apr 19, 2021

20202×

0.20Sep 17, 20200.28Apr 14, 2020

20191×

0.20May 31, 2019

20181×

0.20Apr 18, 2018

20172×

0.18Aug 30, 20170.25May 25, 2017

Stock Splits

Apr 18, 20187:5
May 25, 201717:10