Zhejiang Dun'an Artificial Environment Co., Ltd

Zhejiang Dun'an Artificial Environment Co., Ltd

002011.SZ
Zhejiang Dun'an Artificial Environment Co., LtdCN flagShenzhen Stock Exchange
10.44
CNY
-0.49
- -
11.22BMarket Cap
Zhejiang Dun'an Artificial Environment Co., Ltd
002011.SZ
(Shenzhen Stock Exchange)

Recent

price

10.44

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.96
6.63
9.17
7.63
7.85
7.13
6.32
8.97
10.24
9.71
8.05
10.68
11.14
10.8
12.01
12.33
12.61
Revenue per Share
0.29
0.39
0.36
0.25
0.15
0.1
0.09
0.1
-2.36
0.14
-1.09
0.44
0.91
0.7
0.99
1.02
1.07
Basic EPS, GAAP
-0.62
-1.2
-1.96
-1.36
-1
-0.16
-0.44
-0.28
-0.45
0.46
0.23
0.3
1.17
0.36
0.68
1.01
-0.35
Free Cash Flow per Basic Share
0.2
0.32
0.35
0.24
0.4
0.28
0.21
0.3
0.26
0.22
0.2
0.15
0.12
0.05
0.05
0.02
0.04
Dividend per Share
1.21
2
1.98
2.18
2.25
2.39
2.29
2.28
-0.07
0.08
-1.01
-0.56
0.48
1.12
2.12
3.13
2.67
Book Value per Share
2.11
3.25
1.35
1.42
0.06
-0.12
0.52
0.32
-0.8
1.21
1.16
1.56
3.67
3.99
4.73
5.84
5.36
Tangible Book Value per Share
745
760
826
848
841
821
922
923
918
938
917
921
916
1,054
1,055
1,057
1,036
Basic Weighted Avg Shares
3,695
5,037
7,579
6,467
6,601
5,859
5,830
8,279
9,401
9,104
7,381
9,837
10,209
11,382
12,678
13,035
13,062
Sales/Revenue/Turnover
9.75
7.65
7.55
3.94
4.15
2.66
2.19
4.35
-1.2
5.84
5.54
6.96
7.65
9.7
9.21
9.34
9.04
Operating Margin (%)
66
78
117
191
222
292
312
352
384
337
234
204
236
241
255
233
- -
Depreciation Expense
218
293
298
212
126
82
83
92
-2,167
131
-1,000
405
834
738
1,045
1,078
1,106
Net Income, GAAP
13.75
6.14
20.4
30.94
33
17.92
44.1
35.73
- -
78.81
- -
11.65
10.19
14.46
10.97
12.09
9.51
Effective Tax Rate (%)
5.9
5.82
3.93
3.28
1.91
1.4
1.42
1.11
-23.05
1.44
-13.55
4.12
8.17
6.48
8.24
8.27
8.47
Profit Margin (%)
816
588
-882
1,281
-539
-1,157
-1,160
-455
186
1,452
-190
504
2,192
3,285
3,491
4,778
3,994
Working Capital
705
480
1,353
1,591
1,491
1,277
270
625
1,914
1,494
138
671
389
790
338
490
315
LT Debt
1,971
3,088
3,482
3,420
3,531
3,731
4,525
4,446
2,123
2,210
1,276
1,636
3,544
4,386
5,512
6,659
6,077
Total Equity
11.62
9.17
8.05
2.66
2.69
1.83
0.96
2.89
- -
1.94
- -
13.53
15.49
17.05
15.8
14.76
15.33
Return on Invested Capital (%)
11.35
15
8.51
8.31
5.47
5.36
3.54
4.48
- -
7.88
- -
23.23
52.84
34.95
33.26
28.96
32.32
Return on Capital (%)
25.56
24.21
18.84
12.16
6.75
4.26
4.07
4.38
- -
- -
- -
- -
- -
91.32
61.2
38.93
49.87
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,111
1,107
819
LT Borrowings
306
306
304
LT Finance Leases
32
20
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,065
1,065
1,065
Market Capitalization
11,267
12,543
12,015

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
9,690
9,440
9,872
Cash, Cash Equivalents & STI
3,216
2,914
2,666
Accounts Receivable, Net
2,333
2,359
2,588
Inventories
1,660
1,683
1,543
Total Current Liabilities
6,199
5,763
5,878
Payables & Accruals
- -
- -
- -
ST Debt
1,111
1,107
819
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.43%
43.02%
20.81%
Free Cash Flow
36.68%
79.43%
48.95%
Net Income, GAAP
-340.48%
-0.31%
3.16%
Sales/Revenue/Turnover
9.57%
12.55%
2.81%
Total Cash Common Dividend
-16.76%
-31.87%
-51.82%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,626
3,720
2,990
3,343
12,678
2025
3,021
3,708
3,312
- -
13,035
2026
3,057
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
- -
- -
- -
0.99
2025
0.21
- -
- -
- -
1.02
2026
0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.05
2025
0.01
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -
Business
Zhejiang Dun'an Artificial Environment Co., Ltd engages in the research, development, production, and sale of refrigeration components and systems primarily for residential and commercial air conditioning, refrigeration, heat pumps, cold storage, and new energy vehicle thermal management. Its main product portfolio includes refrigeration accessories such as electronic expansion valves, four-way valves, globe valves, solenoid valves, small pressure vessels, heat exchangers, integrated pipeline components, and related equipment. The company also manufactures commercial air conditioning systems, special air conditioning equipment for nuclear power plants, clean rooms, data centers, transportation, and cold chain equipment. Established in 2004 and headquartered in Zhuji City, Zhejiang Province, China, Dun'an operates manufacturing sites and sales subsidiaries in China and internationally, including Thailand, Japan, Germany, and South Korea. In recent years, Zhejiang Dun'an has expanded its footprint in automotive thermal management systems and new energy vehicle HVAC components. A major recent development includes the acquisition of a 62.95% stake in Shanghai Datro Automotive Technology Co., Ltd, enhancing its capabilities and market presence in automotive HVAC technology. The company has also focused on intelligent manufacturing and technological innovation to improve energy efficiency and optimize environmental impacts. Its financial performance has strengthened, supported by increased orders especially from leading appliance manufacturers such as Gree, with international revenue growth, particularly in US dollar-denominated orders rebounding sharply in 2024. Dun'an also continues to promote smart manufacturing initiatives and product upgrades, emphasizing its strategic shift toward high-efficiency and technologically advanced HVAC solutions. Zhejiang Dun'an is recognized as a national key high-tech enterprise in China and contributes to drafting national standards for central air conditioning. It has acquired multiple certifications such as ISO9001 for quality management, ISO14001 for environmental management, and CCC product certification. The company is publicly traded on the Shenzhen Stock Exchange under the ticker 002011.SZ, and it maintains a strong commitment to innovation, quality, and environmental sustainability within the refrigeration and air-conditioning industry globally. This positions Zhejiang Dun'an as a comprehensive provider of refrigeration and HVAC components, systems, and solutions with an increasing emphasis on smart technology and automotive applications.