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Zhejiang Changhua Auto Parts Co Ltd

605018 · SHG · Consumer Cyclical / Auto Parts

10.36CNY-0.18 (-1.71%)

Price History

Full chart

Market Stats

Previous Close10.54
Open10.56
Day Range10.35 – 10.78
52-Week Range9.92 – 20.55
Volume2.90M
Market Cap5.48B
P/E (TTM)68.59
Forward P/E0.00
EPS0.17
Dividend Yield1.29%
Beta0.94
50-Day Avg12.05
200-Day Avg12.44

About

Changhua Holding Group Co., Ltd. engages in the research and development, production, and sale of automotive metal parts in China and internationally. It offers fasteners, such as bolts, nuts, and special-shaped parts. The company also engages in sunroof reinforcement plate assembly, instrument assembly, trunk partition assembly, rear subframe reinforcement, wheel arch assemblies, floor center crossbeam, front subframe, etc.; and IPU mounting bracket, electric motor bracket, VCU bracket, battery fast and slow charging socket port bracket, ECU bracket, left/right rear side panel reinforcement assemblies rear lower cover assemblies, left/right rear inner wheel arch assemblies, air chamber assemblies, battery protection brackets, and carbon-ceramic metal structural components. In addition, it offers aluminum die-casting products mainly include body parts and chassis parts; and special fittings and fastener sets for carbon ceramic brake system. Further, the company provides metal parts, such as high-strength fasteners, bent parts, nut plates, stamped and welded parts, stamped aluminum parts, cast aluminum parts, carbon ceramic brake system structural parts, etc. The company was founded in 1993 and is based in Cixi, China.

Company Details

  • SectorConsumer Cyclical
  • IndustryAuto Parts
  • CEOMr. Qing Wang
  • Employees2.25K
  • HeadquartersNo.707, North Huancheng Road, Cixi, China, 315324, China
  • Websitehttps://www.zjchanghua.com

Leadership

  • Mr. Qing WangVice Chairman & GM · b. 1987
  • Mr. Chunlei YuFinancial Director · b. 1985
  • Ms. Li YinDeputy GM & Director · b. 1969
  • Mr. Peijia ZhangSecretary of the Board of Directors · b. 1982
  • Mr. Wenjun LuDeputy General Manager · b. 1969
  • Ms. Lingqiong WangDeputy General Manager · b. 1981
  • Jinjie ZhouAccounting Supervisor

Financials

Income Statement

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.23B1.50B1.52B1.43B1.45B1.50B1.84B2.42B2.21B2.16B
Growth (%)-+22.26%+1.15%-5.77%+1.64%+2.89%+22.66%+31.96%-8.88%-2.34%
Cost of Revenue862.41M1.11B1.12B1.06B1.12B1.20B1.58B2.13B1.93B1.86B
Gross Profit365.37M390.05M396.66M366.66M335.14M300.35M253.74M292.73M279.19M293.19M
Gross Margin29.76%25.98%26.12%25.63%23.05%20.07%13.83%12.09%12.65%13.60%
Operating Expense139.81M128.98M167.82M156.42M116.80M128.61M145.03M185.95M159.21M205.26M
Operating Income225.57M261.07M228.85M210.24M218.34M171.75M108.71M106.78M119.98M87.92M
Operating Margin18.37%17.39%15.07%14.69%15.01%11.48%5.92%4.41%5.44%4.08%
EBITDA15.90M43.11M63.28M317.94M329.15M269.82M214.91M226.31M259.72M249.50M
EBITDA Margin1.29%2.87%4.17%22.22%22.63%18.03%11.71%9.34%11.77%11.58%
Net Income193.64M219.35M208.64M205.51M200.72M155.89M109.51M109.22M113.68M95.24M
Net Income Margin15.77%14.61%13.74%14.36%13.80%10.42%5.97%4.51%5.15%4.42%
R&D39.96M45.45M53.65M72.96M71.88M81.55M90.33M92.89M99.48M96.25M
R&D as % of Total Revenue3.25%3.03%3.53%5.10%4.94%5.45%4.92%3.84%4.51%4.47%
Interest Expense10.25M9.57M11.13M10.12M7.52M5.06M4.67M5.88M2.82M1.41M
Interest Expense % of Total Revenue0.83%0.64%0.73%0.71%0.52%0.34%0.25%0.24%0.13%0.07%

Balance Sheet

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.45B1.62B1.71B1.86B2.42B2.60B3.41B3.63B3.29B3.62B
Total Liabilities546.31M651.51M488.34M455.59M478.86M582.50M778.11M906.50M565.50M854.84M
Total Equity893.76M973.21M1.22B1.40B1.95B2.02B2.63B2.72B2.73B2.77B
Cash79.08M112.95M105.79M169.82M455.37M221.20M415.51M213.79M239.36M426.69M
Total Debt195.50M279.27M223.63M169.48M129.59M76.22M218.87M193.53M46.55M-
Net Debt116.42M166.32M117.84M-336.61K-325.78M-144.98M-196.65M-18.15M-192.81M-

Cash Flow

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow167.29M232.43M208.19M301.32M210.62M279.51M185.35M155.74M370.15M271.84M
Investing Cash Flow-114.89M-148.18M-112.34M-142.71M-222.11M-350.15M-655.53M-292.95M-114.38M-
Financing Cash Flow-61.13M-43.33M-67.36M-88.09M297.05M-163.45M655.19M-55.71M-230.43M-
Capital Expenditure101.59M151.57M126.56M171.09M147.81M446.60M550.69M285.90M225.67M189.15M
Free Cash Flow65.71M80.87M81.63M130.23M62.81M-167.10M-365.34M-130.16M144.47M82.68M
Dividends Paid15.48M130.81M26.26M21.00M21.00M83.34M200.88M28.46M95.72M69.78M
FCF to OCF39.28%34.79%39.21%43.22%29.82%-59.78%-197.11%-83.58%39.03%30.42%
Dividend Paid to FCF23.56%161.76%32.17%16.13%33.43%-49.87%-54.98%-21.86%66.25%84.39%

Earnings

Report DateSep 30, 2020Dec 31, 2020Mar 31, 2021Jun 30, 2021Sep 30, 2021Dec 31, 2021Mar 31, 2022Jun 30, 2022Sep 30, 2022Dec 31, 2022Mar 31, 2023
EPS Estimate-----------
EPS Actual0.140.220.090.120.060.100.08-0.010.080.090.00
Surprise-----------
Timing-----------

Key Statistics & Ratios

Market Cap5.48B
Enterprise Value5.08B
Trailing P/E68.59
Forward P/E0.00
Price / Sales2.64
Price / Book1.97
EPS0.17
Book Value5.90
Revenue (TTM)2.08B
Gross Profit (TTM)257.94M
EBITDA183.86M
Profit Margin3.84%
Operating Margin-6.37%
Return on Equity2.92%
Return on Assets0.75%
Shares Outstanding470.07M
Shares Float127.34M
Beta0.94
Dividend Yield1.29%
Dividend Rate0.15
Payout Ratio88.24%

Dividends

20261×
0.15Jun 25, 2026
20251×
0.15Jun 16, 2025
20241×
0.20Jun 12, 2024
20231×
0.05Jun 28, 2023
20222×
0.14Dec 22, 20220.29Jun 8, 2022
20211×
0.20Jun 18, 2021