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Ningbo Water Meter Co Ltd

Ningbo Water Meter Co Ltd

603700 · SHG · Industrials / Electrical Equipment & Parts

10.32CNY-0.28 (-2.64%)

Price History

Full chart

Market Stats

Previous Close10.60
Open10.63
Day Range10.25 – 10.67
52-Week Range10.00 – 15.00
Volume4.74M
Market Cap2.36B
P/E (TTM)34.74
Forward P/E0.00
EPS0.34
Dividend Yield2.54%
Beta0.28
50-Day Avg11.51
200-Day Avg12.58

About

Ningbo Water Meter (Group) Co.,Ltd. manufactures and sells water meters in China and internationally. The company offers multi and single-jet, volumetric rotary piston, woltmann, irrigation, compound, batch control, and ultrasonic water meters; IoT metering, heat meter, electromagnetic flowmeter, and oscillating meter; and test bench products and water meter boxes, as well as spare parts for water meters. It also provides water management solutions for domestic, industrial, and irrigative uses. The company was founded in 1958 and is based in Ningbo, China.

Company Details

  • SectorIndustrials
  • IndustryElectrical Equipment & Parts
  • CEOMr. Xiang Chen
  • Employees1.18K
  • HeadquartersNo. 355 Hongxing Road, Ningbo, China, 315033, China
  • Websitehttps://www.chinawatermeter.com

Leadership

  • Mr. Xiang ChenGM & Director · b. 1977
  • Mr. Zhebin WangHead of Accounting & Financial Director · b. 1989
  • Mr. Fu Guang ChenDeputy GM & Director · b. 1980
  • Mr. Surong MaDeputy GM, Board Secretary & Employee Representative Director · b. 1982
  • Mr. Xin WuDeputy General Manager · b. 1996

Financials

Income Statement

Currency: CNY2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue683.69M798.45M734.71M817.10M814.18M1.03B1.37B1.59B1.72B1.55B1.79B1.50B1.74B
Growth (%)-+16.78%-7.98%+11.21%-0.36%+26.42%+33.21%+15.97%+8.00%-9.45%+15.06%-16.13%+16.18%
Cost of Revenue527.17M598.69M509.28M543.10M530.30M688.08M887.40M1.05B1.19B1.12B1.37B1.19B1.39B
Gross Profit156.52M199.76M225.43M274.00M283.88M341.23M483.72M545.07M526.70M439.35M414.97M315.15M356.16M
Gross Margin22.89%25.02%30.68%33.53%34.87%33.15%35.28%34.28%30.67%28.25%23.19%21.00%20.43%
Operating Expense106.09M107.59M121.38M136.11M148.62M191.09M247.82M239.50M268.26M303.29M271.57M260.48M248.87M
Operating Income50.42M92.16M104.05M137.89M135.26M150.14M235.90M305.58M258.44M136.06M143.40M54.67M107.29M
Operating Margin7.38%11.54%14.16%16.88%16.61%14.59%17.20%19.22%15.05%8.75%8.01%3.64%6.15%
EBITDA70.81M109.19M117.40M168.50M161.39M175.13M259.07M330.77M284.70M166.93M185.25M90.04M130.84M
EBITDA Margin10.36%13.68%15.98%20.62%19.82%17.01%18.89%20.80%16.58%10.74%10.35%6.00%7.51%
Net Income45.09M85.86M95.09M130.74M121.36M137.21M212.30M273.09M235.37M126.39M131.26M52.42M93.35M
Net Income Margin6.60%10.75%12.94%16.00%14.91%13.33%15.48%17.17%13.71%8.13%7.34%3.49%5.35%
R&D23.85M21.40M27.82M23.72M23.08M31.61M41.96M56.88M62.68M60.28M69.72M73.61M76.87M
R&D as % of Total Revenue3.49%2.68%3.79%2.90%2.83%3.07%3.06%3.58%3.65%3.88%3.90%4.91%4.41%
Interest Expense9.65M6.35M3.96M2.21M3.22M3.59M345.95K1.43M2.77M3.23M4.15M2.50M1.20M
Interest Expense % of Total Revenue1.41%0.80%0.54%0.27%0.40%0.35%0.03%0.09%0.16%0.21%0.23%0.17%0.07%

Balance Sheet

Currency: CNY2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets421.23M444.86M483.80M615.58M688.83M824.58M1.70B2.06B2.22B2.35B2.28B2.28B2.51B
Total Liabilities268.67M252.53M198.66M244.60M268.18M311.67M454.52M605.86M624.65M817.89M666.53M673.56M877.60M
Total Equity146.24M186.63M283.57M369.61M418.51M510.90M1.24B1.45B1.60B1.53B1.61B1.61B1.63B
Cash29.79M46.19M52.30M173.23M230.10M227.72M503.50M500.00M541.65M428.00M402.85M348.44M428.36M
Total Debt78.81M70.00M30.00M50.00M50.00M8.00M1.46M60.05M4.99M87.81M6.15M566.95K-
Net Debt49.02M23.81M-22.30M-123.23M-180.10M-219.72M-502.04M-439.96M-536.67M-340.19M-396.70M-347.88M-

Cash Flow

Currency: CNY2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow77.90M98.12M75.91M153.48M133.85M102.14M139.72M126.76M161.01M84.25M184.90M83.03M124.64M
Investing Cash Flow-6.90M-8.17M-20.38M-5.53M-1.03M-19.57M-384.70M-117.11M35.71M-86.08M-62.14M-65.67M-
Financing Cash Flow-77.71M-74.13M-51.54M-27.08M-74.21M-90.56M512.12M-7.81M-158.24M-114.99M-140.98M-74.61M-
Capital Expenditure7.05M8.67M16.78M10.42M9.33M19.46M44.84M72.84M140.23M237.84M61.40M66.43M30.52M
Free Cash Flow70.84M89.45M59.13M143.06M124.51M82.68M94.88M53.92M20.78M-153.59M123.50M16.60M94.12M
Dividends Paid27.16M63.20M9.63M48.70M73.21M48.56M78.17M46.90M81.30M161.58M63.80M61.32M41.12M
FCF to OCF90.94%91.17%77.90%93.21%93.03%80.95%67.91%42.53%12.91%-182.30%66.79%19.99%75.51%
Dividend Paid to FCF38.34%70.65%16.29%34.04%58.80%58.73%82.38%86.99%391.16%-105.20%51.66%369.39%43.69%

Earnings

Report DateMay 30, 2019Aug 29, 2019Oct 30, 2019Dec 31, 2019Apr 9, 2020Aug 17, 2020Oct 29, 2020Dec 31, 2020Apr 26, 2021Aug 17, 2021Oct 27, 2021Mar 30, 2022Apr 28, 2022Aug 25, 2022Oct 25, 2022Dec 31, 2022Apr 28, 2023
EPS Estimate-------0.430.43--------
EPS Actual0.120.270.270.380.380.410.320.440.440.370.230.350.030.170.120.310.31
Surprise-------2.33%2.33%--------
TimingPre-marketAfter-hoursPre-market-Pre-marketAfter-hoursPre-market-Pre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hours-Pre-market

Key Statistics & Ratios

Market Cap2.36B
Enterprise Value2.26B
Trailing P/E34.74
Forward P/E0.00
Price / Sales1.26
Price / Book1.45
EPS0.34
Book Value8.07
Revenue (TTM)1.88B
Gross Profit (TTM)379.76M
EBITDA60.08M
Profit Margin3.58%
Operating Margin0.08%
Return on Equity4.20%
Return on Assets0.80%
Shares Outstanding199.96M
Shares Float123.47M
Beta0.28
Dividend Yield2.54%
Dividend Rate0.30
Payout Ratio88.24%

Dividends

20231×
0.30Jun 26, 2023
20221×
0.80Jun 15, 2022
20211×
0.40Jun 11, 2021
20201×
0.30May 29, 2020
20191×
0.38May 28, 2019

Stock Splits

  • May 29, 202013:10