1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Electrical Equipment & Parts
Shanghai Zhezhong Group Co.,Ltd

Shanghai Zhezhong Group Co.,Ltd

002346.SZ
Shanghai Zhezhong Group Co.,LtdCN flagShenzhen Stock Exchange
18.76
CNY
-0.80
- -
8.28BMarket Cap
Shanghai Zhezhong Group Co.,Ltd
002346.SZ
(Shenzhen Stock Exchange)

Recent

price

18.76

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
1.06
1.71
1.1
1.18
1.04
0.98
1.05
1.03
1.25
1
1.35
1.57
1.66
2.57
2.25
2.01
2.1
Revenue per Share
0.15
0.23
0.08
0.13
0.19
0.26
0.05
0.59
0.13
0.21
0.36
1.02
1.03
0.68
0.17
1.01
0.86
Basic EPS, GAAP
-0.39
-0.26
-0.46
0.06
0.32
-0.21
-0.57
-0.03
0.27
0.05
-1.24
-1.74
-0.3
-0.07
0.43
0.27
-0.01
Free Cash Flow per Basic Share
0.02
0.06
0.09
0.67
0.04
0.02
0.14
0.13
0.07
0.32
0.21
0.25
0.22
0.23
0.25
0.52
0.25
Dividend per Share
1.03
1.16
1.12
1.27
2.1
2.34
2.46
2.69
3.12
3.08
3.26
4.03
4.87
5.32
5.29
5.89
5.12
Book Value per Share
3.29
3.39
3.04
2.7
2.98
3.1
3.83
4.63
4.33
4.28
6.57
7.46
6.1
6.59
6.63
6.77
5.93
Tangible Book Value per Share
261
269
279
463
444
445
403
439
448
451
447
439
437
437
430
421
433
Basic Weighted Avg Shares
276
462
307
548
463
438
422
453
559
452
604
689
726
1,123
970
848
908
Sales/Revenue/Turnover
12.84
14.98
4.39
0.5
6.87
6.24
7.36
11.5
10.44
9.56
16.62
5.63
12.25
14.47
17.99
17.14
19.18
Operating Margin (%)
16
18
22
35
26
20
31
31
24
24
29
35
26
24
24
24
- -
Depreciation Expense
39
61
21
60
84
116
20
259
58
95
161
448
451
297
73
425
371
Net Income, GAAP
22.75
23
- -
16.57
12.03
13.39
42.85
20.38
- -
31.48
6.88
14.47
24.23
15.22
10.9
25.71
20.58
Effective Tax Rate (%)
14.16
13.13
6.82
11
18.22
26.47
4.78
57.2
10.42
20.96
26.62
65
62.1
26.47
7.54
50.19
40.9
Profit Margin (%)
687
662
541
638
755
502
698
502
204
15
318
99
-61
1
150
257
254
Working Capital
- -
- -
- -
50
100
- -
- -
- -
- -
- -
2
506
- -
- -
- -
147
297
LT Debt
912
964
967
1,353
1,433
1,489
1,651
2,123
2,027
2,017
3,086
3,373
2,710
2,920
2,892
2,889
2,604
Total Equity
4.29
5.33
- -
0.17
1.72
1.44
1.04
2.17
- -
1.42
3.44
0.92
2.05
4.86
5.29
3.52
4.92
Return on Invested Capital (%)
13.39
18.54
- -
9.82
9.42
10.41
1.99
23.72
- -
6.52
7.4
15.92
17.43
13.33
3.54
17.51
15.97
Return on Capital (%)
16.62
20.84
6.71
13.38
11.09
11.73
1.98
23.86
4.51
6.79
11.31
27.77
23.13
13.35
3.18
17.88
17.26
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
30
30
20
LT Borrowings
- -
200
297
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
442
442
442
Market Capitalization
4,305
5,043
5,887

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
856
974
998
Cash, Cash Equivalents & STI
72
243
258
Accounts Receivable, Net
523
466
518
Inventories
135
129
151
Total Current Liabilities
706
673
744
Payables & Accruals
- -
- -
- -
ST Debt
30
30
20
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.38%
-0.73%
-0.07%
Free Cash Flow
-451.14%
-170.44%
-38.72%
Net Income, GAAP
170.92%
110.21%
481.54%
Sales/Revenue/Turnover
8.97%
9.56%
-12.59%
Total Cash Common Dividend
87.94%
24.31%
104.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
164
265
294
247
970
2025
168
198
250
- -
848
2026
194
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.33
- -
- -
- -
0.17
2025
0.34
- -
- -
- -
1.01
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.25
2025
- -
- -
- -
- -
0.52
2026
- -
- -
- -
- -
- -
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Business
Shanghai Zhezhong Group Co., Ltd manufactures and sells a comprehensive range of electrical switchgear products primarily in China. Its core products include medium voltage switchgears, low voltage switch boxes, terminal switchgear, outdoor box-type substations, distribution cabinets below 35 kV, and related electrical components. The company also engages in investment activities including direct equity investments and participation in private equity funds. Founded in 2007 and headquartered in Shanghai, the company holds production licenses from relevant Chinese industry authorities and is a recognized member of the Shanghai Electric Appliance Industry Association. Shanghai Zhezhong operates mainly within the electrical equipment and power transmission and distribution sector. In recent years, Shanghai Zhezhong Group has executed significant strategic initiatives including an ongoing equity share buyback program, repurchasing approximately 5% of its total shares. The company announced plans for an employee stock ownership plan aimed at broadening employee engagement. Financially, the company reported a substantial turnaround to profitability in the first three quarters of 2025, driven partly by fair value changes in held financial assets. These improvements underpin its stable main business operations and reflect a focus on enhancing shareholder value amid steady operational performance. The company also continues to maintain its status as a high-tech enterprise with various regional honors confirming its prominence in Shanghai’s electrical manufacturing industry. Shanghai Zhezhong Group shifted its corporate identity from Shanghai Zhezhong Construction Co., Ltd to its current name in 2015, reflecting a broader operational focus. Its product portfolio and services target industrial customers requiring reliable electrical transmission and distribution solutions across the domestic Chinese market. The company also incorporates related segments such as steel pipe manufacturing and construction installation, diversifying its business scope beyond core switchgear products. Major leadership includes Chairman and General Manager Lu Feng Jiang, guiding strategic growth and operational enhancement. These developments position Shanghai Zhezhong as a significant player in China’s electrical equipment manufacturing landscape with ongoing emphasis on innovation and financial strength.