1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Cangzhou Mingzhu Plastic Co., Ltd.

Cangzhou Mingzhu Plastic Co., Ltd.

002108.SZ
Cangzhou Mingzhu Plastic Co., Ltd.CN flagShenzhen Stock Exchange
4.85
CNY
-0.04
- -
8.00BMarket Cap
Cangzhou Mingzhu Plastic Co., Ltd.
002108.SZ
(Shenzhen Stock Exchange)

Recent

price

4.85

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
1.19
1.45
1.43
1.55
1.64
1.61
1.95
2.49
2.35
2.11
1.95
2.04
1.86
1.57
1.65
1.72
1.34
Revenue per Share
0.1
0.09
0.1
0.12
0.13
0.16
0.34
0.38
0.21
0.12
0.21
0.26
0.18
0.16
0.09
0.09
0.06
Basic EPS, GAAP
- -
-0.01
-0.11
-0.1
- -
-0.07
-0.17
0.12
0.01
0.11
0.15
0.1
-0.32
-0.34
-0.25
-0.49
-0.42
Free Cash Flow per Basic Share
0.03
0.03
0.05
0.07
0.08
0.04
0.09
0.09
0.17
0.13
0.07
0.12
0.07
0.11
0.13
0.13
0.13
Dividend per Share
0.33
0.49
0.56
0.6
0.68
0.91
1.14
1.73
1.99
1.98
2.11
2.25
2.38
2.23
2.21
2.19
2.23
Book Value per Share
0.52
0.57
0.84
0.89
1.21
1.26
1.87
2.18
2.16
2.17
2.32
2.52
3.24
2.86
2.89
2.82
2.85
Tangible Book Value per Share
1,148
1,145
1,236
1,275
1,273
1,355
1,418
1,418
1,418
1,418
1,418
1,418
1,524
1,663
1,664
1,660
1,650
Basic Weighted Avg Shares
1,363
1,660
1,762
1,983
2,090
2,175
2,765
3,524
3,325
2,996
2,762
2,889
2,835
2,619
2,748
2,851
2,211
Sales/Revenue/Turnover
12.57
9.3
10.4
11.15
12.15
15.04
24.07
20.22
8.82
7.5
12.99
13.58
10.12
7.46
4.27
5.76
5.67
Operating Margin (%)
33
40
42
54
62
74
104
143
171
172
178
186
190
186
240
260
- -
Depreciation Expense
116
101
122
149
167
215
487
545
298
166
301
366
281
273
155
154
93
Net Income, GAAP
22.7
24.7
24.37
25.57
25.25
20.52
20.59
22.43
16.99
30.28
24.9
16.13
14.29
12.93
12
15.99
22.37
Effective Tax Rate (%)
8.51
6.06
6.91
7.53
8
9.87
17.63
15.47
8.96
5.54
10.89
12.67
9.91
10.41
5.63
5.39
4.19
Profit Margin (%)
264
238
503
557
762
714
1,553
1,561
845
784
991
848
2,133
1,321
972
363
454
Working Capital
100
19
49
148
93
- -
176
- -
100
55
86
86
543
656
814
1,119
1,174
LT Debt
631
725
1,109
1,200
1,627
1,792
2,772
3,215
3,297
3,362
3,563
3,820
5,228
5,123
5,150
5,020
5,040
Total Equity
14.06
10.85
10.3
9.57
9.23
11.95
19.69
16.79
6.43
3.76
6.48
7.42
4.54
2.76
1.62
1.98
1.34
Return on Invested Capital (%)
18.6
13.62
12.73
12.64
12.8
14.98
26.82
23.21
10.27
5.5
8.77
9.97
6.57
5.97
3.64
3.37
2.14
Return on Capital (%)
38.46
21.43
19.48
20.63
20.46
20.37
34.14
26.79
11.31
5.9
10.36
11.84
8.25
7.42
4.19
4.2
2.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,234
1,401
LT Borrowings
- -
1,119
1,174
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,649
1,649
1,649
Market Capitalization
6,762
7,944
8,184

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
2,149
2,352
Cash, Cash Equivalents & STI
- -
515
532
Accounts Receivable, Net
- -
851
861
Inventories
- -
360
412
Total Current Liabilities
- -
1,785
1,898
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,234
1,401
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.13%
8.01%
-2.53%
Free Cash Flow
78.15%
-75.12%
100.07%
Net Income, GAAP
8.19%
-9.72%
-0.75%
Sales/Revenue/Turnover
3.5%
0.75%
3.73%
Total Cash Common Dividend
28.49%
24.74%
6.28%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
510
725
728
786
2,748
2025
579
740
- -
772
2,851
2026
698
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.09
2025
0.03
- -
- -
- -
0.09
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.13
2025
0.01
- -
- -
- -
0.13
2026
0.01
- -
- -
- -
- -
Similar Companies
Munjal Showa Limited (MUNJALSHOW.NS)
ALPHA Corporation (3434.T)
Wanxiang Qianchao Co.,Ltd. (000559.SZ)
Kuangda Technology Group Co., Ltd. (002516.SZ)
Bharat Seats Limited (BHARATSE.BO)
Y.C.C. Parts Mfg. Co., Ltd. (1339.TW)
Business
Cangzhou Mingzhu Plastic Co., Ltd. Cangzhou Mingzhu Plastic Co., Ltd. (002108.SZ) engages primarily in the manufacture and sale of plastic pipes, films, and related products in China. The company produces polyethylene (PE) pipeline systems for urban gas transportation, water supply, and drainage applications, including over 3,000 types of fittings; biaxially oriented polyamide (BOPA) films for industrial, food preservation, and pharmaceutical packaging; lithium-ion battery separators for new energy electric vehicles, power tools, energy storage, and 3C products; and composite pipe systems for oilfield gathering, water injection, geothermal energy, chemical media transport, and offshore pipelines. It also offers polyethylene telecommunication pipes, electric cable protection pipes, large-diameter corrugated drainage pipes, silicon rubber pipes, polyamide chips, geotechnical grilles, plastic films, and engineering services, serving domestic markets with production bases in Cangzhou (Hebei), Dezhou (Shandong), Wuhu (Anhui), and Rongchang (Chongqing). Founded in 1995 and listed on the Shenzhen Stock Exchange in 2007, Cangzhou Mingzhu Plastic Co., Ltd. operates from its headquarters in Cangzhou, Hebei, with approximately 2,200 employees and six wholly-owned subsidiaries, two holding subsidiaries, and multiple industrial parks. Recent developments include the controlling shareholder Hebei Cangzhou Dongsu Group signing a framework share transfer agreement with Hebei Cangzhou Traffic Control Group in July 2024; a letter of intent in October 2025 for Guangzhou Light Industry Trade Group to acquire a 10% stake involving 166.5 million shares; absorption merger of subsidiary Cangzhou Donghong Packaging Materials into Cangzhou Donghong Film in March 2024 to optimize structure; and deregistration of Qingdao Mingzhu Jiegao private equity fund to focus on core business.