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Zhe Jiang Kangsheng Co.,Ltd.

Zhe Jiang Kangsheng Co.,Ltd.

002418.SZ
Zhe Jiang Kangsheng Co.,Ltd.CN flagShenzhen Stock Exchange
3.54
CNY
-0.11
- -
4.02BMarket Cap
Zhe Jiang Kangsheng Co.,Ltd.
002418.SZ
(Shenzhen Stock Exchange)

Recent

price

3.54

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
1.79
1.64
1.97
2.01
2.83
2.17
2.5
4.37
2.57
1.78
2.23
1.91
2.78
2.03
2.3
2.49
2.33
Revenue per Share
0.12
0.11
0.08
0.02
-0.04
0.09
0.17
0.2
-1.08
-0.48
0.02
0.03
0.02
0.02
-0.09
0.02
-0.08
Basic EPS, GAAP
-0.84
-0.52
-0.27
0.03
0.07
-0.06
-2.16
-2.09
-0.51
0.03
0.1
0.13
-0.03
0.13
- -
-0.17
-0.06
Free Cash Flow per Basic Share
0.02
0.07
0.09
0.09
0.09
0.05
0.08
0.08
0.08
0.04
0.04
0.02
0.03
0.02
0.01
0.01
0.01
Dividend per Share
0.63
0.76
0.82
0.75
0.74
0.74
1.47
1.65
0.56
0.74
0.81
0.73
0.84
0.85
0.77
0.8
0.78
Book Value per Share
1.66
1.54
1.6
1.5
1.8
1.55
1.56
2.19
0.91
1.02
1.22
1.09
1.2
1.22
1.3
1.33
1.3
Tangible Book Value per Share
615
691
677
734
677
1,004
1,122
1,131
1,136
1,130
1,056
1,246
1,134
1,134
1,137
1,135
1,140
Basic Weighted Avg Shares
1,103
1,135
1,332
1,473
1,916
2,180
2,807
4,945
2,918
2,008
2,352
2,377
3,151
2,297
2,616
2,830
2,654
Sales/Revenue/Turnover
9.08
7.15
8.4
4.04
2.27
6.34
11.88
10.3
-2.46
-2.32
5.11
1.22
2.43
2.97
2.42
2.68
2.09
Operating Margin (%)
22
29
52
67
92
83
85
109
108
105
97
83
74
74
81
97
- -
Depreciation Expense
76
78
56
15
-27
90
191
226
-1,227
-542
21
37
18
22
-98
25
-90
Net Income, GAAP
15.84
15.03
13.57
24.91
- -
16.13
19.83
12.3
- -
- -
63.86
23
25.04
16.85
- -
28.02
29.1
Effective Tax Rate (%)
6.87
6.9
4.23
1
-1.41
4.15
6.8
4.57
-42.04
-27.01
0.9
1.57
0.57
0.95
-3.76
0.89
-3.41
Profit Margin (%)
494
175
175
169
154
518
-163
-1,702
-348
-364
271
375
510
524
625
601
597
Working Capital
- -
- -
198
215
215
276
422
691
181
- -
- -
21
42
54
76
155
80
LT Debt
1,062
1,124
1,154
1,158
1,296
2,016
2,203
3,006
1,151
1,346
1,431
1,500
1,491
1,517
1,603
1,633
1,610
Total Equity
8.82
4.52
5.41
2.26
- -
4.61
8.11
10.33
- -
- -
3.64
1.42
3.15
2.84
- -
2.34
- -
Return on Invested Capital (%)
15.94
12.28
8.51
4.75
- -
8.38
8.43
6.78
- -
- -
2.81
5.08
3.6
3.23
- -
2.36
-2.34
Return on Capital (%)
22.87
17.25
10.47
2.66
-5.14
14.54
15.97
12.89
-98.43
-73.88
2.5
4.23
1.93
2.27
-10.69
2.82
-9.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
572
601
669
LT Borrowings
26
26
26
LT Finance Leases
50
51
54
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,136
1,136
1,136
Market Capitalization
2,729
3,592
4,048

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,929
1,873
1,808
Cash, Cash Equivalents & STI
186
101
189
Accounts Receivable, Net
867
848
659
Inventories
240
231
219
Total Current Liabilities
1,304
1,224
1,211
Payables & Accruals
- -
- -
- -
ST Debt
572
601
669
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.08%
2.71%
1.85%
Free Cash Flow
676.2%
569.58%
3,536.47%
Net Income, GAAP
-130.32%
-126.12%
-125.51%
Sales/Revenue/Turnover
7.85%
5.71%
8.19%
Total Cash Common Dividend
-3.55%
-11.15%
-0.1%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
552
592
575
896
2,616
2025
712
471
896
- -
2,830
2026
623
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
-0.09
2025
0.01
- -
- -
- -
0.02
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.01
2026
0.01
- -
- -
- -
- -
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Business
Zhejiang Kangsheng Co., Ltd. (002418.SZ) manufactures and sells refrigeration pipelines, heat exchangers, new energy vehicle components, and liquid cooling solutions for data centers and energy storage. The company produces steel tubes, copper-coated tubes, plain tubes, zinc-coated tubes, double-wall tubes; pure and embossed aluminum sheets; condensers, evaporators, micro-channel heat exchangers; new energy commercial vehicles including 5.99- to 12-meter models, 18-meter BRT articulated buses, logistics vehicles, road maintenance vehicles, refrigerated trucks, muck trucks, and sanitation trucks; liquid cooling products such as CPU and GPU cold plates, submerged and cold plate CDU units, high-performance liquid coolers, dry liquid coolers, chillers, and charging station-integrated systems; plus multi-alloy materials including magnesium-copper, tin-copper, silver-copper alloys, and oxygen-free copper. Zhejiang Kangsheng operates primarily in China with production bases in Zhejiang Hangzhou, Sichuan Chengdu and Mianyang, Shandong Qingdao, Jiangsu Xuzhou and Yangzhou, Anhui Hefei and Lu'an, Chongqing, Jiangxi, Guangdong Foshan, and Liaoning Shenyang; it serves global markets in over 20 countries and supplies major customers such as Gree and Midea. Founded in 2002 and listed on the Shenzhen Stock Exchange in June 2010, the company is headquartered at No. 268 Kangsheng Road, Qiandaohu Town, Chun'an County, Hangzhou, Zhejiang Province, China, with over 3,000 employees across its operations. In 2024, Zhejiang Kangsheng advanced its liquid cooling business for data centers, highlighted by the official launch of the Qiandaohu Intelligent Computing Center featuring its immersion liquid cooling technology as a green computing benchmark; it also pursued strategic revitalization of its new energy commercial vehicle segment through planned introductions of investors like Shanghai Xizhong, following a prior scale-back, while expanding operating scope and continuing development in refrigeration accessories, automotive air conditioning, and energy storage systems.