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    Steel
Qingdao East Steel Tower Stock Co.Ltd

Qingdao East Steel Tower Stock Co.Ltd

002545.SZ
Qingdao East Steel Tower Stock Co.LtdCN flagShenzhen Stock Exchange
18.03
CNY
-0.16
- -
22.43BMarket Cap
Qingdao East Steel Tower Stock Co.Ltd
002545.SZ
(Shenzhen Stock Exchange)

Recent

price

18.03

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
2.91
2.45
2.16
2.17
1.27
1.52
1.91
1.56
1.7
2.07
2.13
2.24
2.91
3.22
3.37
3.92
3.51
Revenue per Share
0.41
0.34
0.25
0.22
0.07
0.08
0.16
0.19
0.35
0.24
0.25
0.32
0.66
0.51
0.45
0.97
0.63
Basic EPS, GAAP
-0.1
-0.7
-0.2
0.06
0.18
0.14
0.34
-0.12
0.22
0.19
0.07
0.19
0.08
0.73
0.59
1.71
-0.38
Free Cash Flow per Basic Share
0.03
0.01
0.08
0.11
0.09
0.32
0.31
0.05
0.12
0.16
0.13
0.14
0.25
0.45
0.22
0.48
0.34
Dividend per Share
0.99
1.24
1.37
1.5
1.53
1.75
2.28
1.64
1.94
2.07
2.25
2.47
2.87
2.93
3.07
3.66
3.17
Book Value per Share
1.02
3.11
3.19
3.36
3.39
2.85
2.53
2.01
2.52
5.63
5.79
5.88
6.31
6.41
6.68
7.37
6.89
Tangible Book Value per Share
585
764
781
781
781
781
870
1,316
1,291
1,259
1,244
1,244
1,244
1,244
1,244
1,244
1,244
Basic Weighted Avg Shares
1,701
1,871
1,689
1,696
994
1,187
1,658
2,047
2,197
2,606
2,651
2,782
3,616
4,004
4,196
4,879
4,365
Sales/Revenue/Turnover
17.74
17.14
13.98
13.15
6.8
6.02
8.95
17.17
20.01
9.89
11.36
16.98
29.08
20.17
14.87
29.71
20.93
Operating Margin (%)
18
20
24
33
36
42
68
196
212
243
264
239
266
370
444
427
- -
Depreciation Expense
239
263
193
169
54
60
136
251
446
305
309
404
825
634
564
1,206
782
Net Income, GAAP
14.24
13.89
13.07
14.62
13.77
3.91
12.64
34.9
25.04
18.2
13.78
19.61
23.63
21.66
17.77
16.97
19.05
Effective Tax Rate (%)
14.02
14.05
11.41
9.95
5.39
5.1
8.23
12.27
20.32
11.69
11.65
14.52
22.8
15.83
13.45
24.72
17.92
Profit Margin (%)
378
2,059
2,053
1,872
1,346
728
520
418
827
1,180
1,542
2,113
1,991
1,816
2,389
3,254
2,529
Working Capital
- -
- -
- -
- -
- -
- -
614
551
447
319
205
441
469
473
542
448
447
LT Debt
659
2,565
2,706
2,842
2,871
2,589
6,882
7,055
7,484
7,720
7,838
7,963
8,468
8,581
8,910
9,767
9,164
Total Equity
32.4
15.55
7.63
5.96
1.67
2.11
2.32
2.81
3.88
2.37
2.8
3.99
7.91
5.95
4.76
10.67
6.74
Return on Invested Capital (%)
34.04
28.5
17.89
12.17
4.75
5.05
6.23
8.64
13.9
9.39
8.6
9.99
16.9
12.21
11.36
21.98
15.32
Return on Capital (%)
50.37
34.37
19.09
15.07
4.54
4.73
8.16
12.13
19.17
11.93
11.42
13.77
24.82
17.54
15.1
28.79
20.88
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,290
1,294
1,278
LT Borrowings
540
500
440
LT Finance Leases
2
3
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,244
1,244
1,244
Market Capitalization
8,743
9,267
11,058

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,281
5,566
5,749
Cash, Cash Equivalents & STI
3,673
3,853
4,149
Accounts Receivable, Net
479
573
512
Inventories
634
749
681
Total Current Liabilities
2,891
2,977
3,220
Payables & Accruals
- -
- -
- -
ST Debt
1,290
1,294
1,278
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.18%
4.54%
9.62%
Free Cash Flow
79.51%
229.85%
189.15%
Net Income, GAAP
47.17%
42.91%
113.77%
Sales/Revenue/Turnover
15.76%
13.34%
16.27%
Total Cash Common Dividend
30.09%
45.45%
117.29%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
896
1,083
1,132
1,085
4,196
2025
954
1,193
1,487
- -
4,879
2026
1,418
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
- -
- -
- -
0.45
2025
0.17
- -
- -
- -
0.97
2026
0.32
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
- -
- -
- -
0.22
2025
0.15
- -
- -
- -
0.48
2026
0.01
- -
- -
- -
- -
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Business
Qingdao East Steel Tower Stock Co., Ltd. manufactures and markets steel structures and potash fertilizers primarily in China. Founded in 1982 and headquartered in Jiaozhou, Shandong Province, the company operates two major steel structure production bases in Qingdao, Shandong, and Suzhou, Jiangsu, with branches in Beijing, Shanghai, Guangzhou, and offices across key domestic provinces; it also conducts potash mining and production in Laos through its subsidiary. Its steel structure products encompass power plant steel structures including boiler steel brackets, air cooling platforms, and large substation frameworks; petrochemical steel structures such as pipe racks and torch towers; high-voltage transmission line towers up to 1000kV, steel pipe towers, broadcasting-television towers, communication towers, and microwave antennas; as well as wind power equipment, clean energy structures, marine engineering equipment, high-end civil construction steel structures, industrial warehousing, smoke gas purification systems, and public buildings; the company holds housing construction engineering general contracting level 1, steel structure professional contracting level 1, special equipment manufacturing licenses, and 750kV to 1000kV transmission tower production qualifications. In potash fertilizers, it produces potassium chloride in powder crystals and granules, plus sodium bromide, via its Sichuan Huiyuanda Potash subsidiary and Laos Kaiyuan Mining, which boasts 141 square kilometers of mining rights and reached 100万吨/year capacity in 2023 following the first phase of a 150万吨 expansion. Recent developments include major contract wins in 2024 such as CNY 168 million from State Grid for transmission projects, CNY 122 million for Dongfang Electric's Phase II steel structures, and CNY 108 million for Guoneng Liupanshan power plant main structures; board appointments announced in September 2025; and a strategic shift in 2016 via acquisition of Sichuan Huiyuanda to establish dual steel structure and potash businesses, with potash sales growing to CNY 2.38 billion in 2024 amid international exports to Southeast Asia.