1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Zhejiang Shibao Company Limited

Zhejiang Shibao Company Limited

002703.SZ
Zhejiang Shibao Company LimitedCN flagShenzhen Stock Exchange
13.17
CNY
-0.36
- -
7.98BMarket Cap
Zhejiang Shibao Company Limited
002703.SZ
(Shenzhen Stock Exchange)

Recent

price

13.17

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
0.82
0.95
0.82
0.99
1.2
1.06
1.44
1.46
1.43
1.22
1.35
1.38
1.75
2.3
3.31
4.31
3.76
Revenue per Share
0.16
0.17
0.11
0.07
0.06
0.07
0.08
0.04
0.01
-0.22
0.05
0.04
0.02
0.1
0.18
0.22
0.21
Basic EPS, GAAP
-0.01
-0.15
-0.06
0.04
0.02
0.02
-0.04
-0.16
-0.19
-0.15
- -
-0.05
0.04
-0.08
-0.12
0.02
-0.21
Free Cash Flow per Basic Share
0.03
0.05
0.06
0.05
0.06
0.05
0.04
0.04
- -
- -
0.01
0.01
0.01
0.01
0.03
0.06
0.09
Dividend per Share
0.66
0.79
0.85
0.87
0.94
0.83
0.87
1.46
1.47
1.23
1.25
1.24
1.36
1.45
1.6
1.74
1.64
Book Value per Share
0.75
0.9
0.99
0.97
1.94
1.71
1.75
1.76
1.76
1.51
1.53
1.52
1.66
1.77
2.32
2.46
2.35
Tangible Book Value per Share
663
656
668
678
678
787
790
789
791
803
817
854
791
789
814
823
823
Basic Weighted Avg Shares
546
626
548
675
811
838
1,136
1,154
1,133
982
1,102
1,178
1,386
1,819
2,693
3,549
3,091
Sales/Revenue/Turnover
20.71
20.2
12.77
6.78
7.36
6.02
5.71
2.12
-0.98
-11.55
4.69
3.54
2.83
5.61
8.63
7.39
8.19
Operating Margin (%)
24
33
36
49
59
65
68
74
78
83
87
83
83
91
93
96
- -
Depreciation Expense
103
113
72
49
43
54
63
33
7
-177
41
34
16
77
149
181
175
Net Income, GAAP
12.07
12.11
13.34
10.3
13.47
13.25
18.12
17.28
- -
- -
4.32
7.59
1.98
- -
- -
- -
- -
Effective Tax Rate (%)
18.94
18.03
13.15
7.24
5.35
6.39
5.59
2.83
0.64
-17.99
3.71
2.9
1.14
4.24
5.54
5.09
5.67
Profit Margin (%)
196
193
236
184
805
802
753
689
635
366
391
437
461
559
996
948
940
Working Capital
20
30
16
3
2
1
10
11
10
9
9
19
44
35
- -
6
6
LT Debt
577
662
734
775
1,442
1,462
1,494
1,489
1,491
1,295
1,329
1,355
1,373
1,458
1,951
2,103
2,004
Total Equity
17.63
15.17
6.84
4.14
3.75
2.71
3.53
1.34
- -
- -
3.55
2.66
2.53
- -
- -
- -
- -
Return on Invested Capital (%)
23.04
19.91
11.09
7.5
7.12
7.32
8.62
4.16
- -
- -
4.61
4.06
1.52
- -
- -
- -
- -
Return on Capital (%)
25.54
23.56
13.28
8.46
7.07
8.26
9.47
3.55
0.63
-16.48
4.07
3.28
1.49
6.95
12.17
13.22
13.51
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
81
73
104
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
823
823
823
Market Capitalization
8,972
10,019
10,801

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,273
2,248
2,348
Cash, Cash Equivalents & STI
489
530
476
Accounts Receivable, Net
1,134
1,065
1,181
Inventories
502
506
492
Total Current Liabilities
1,277
1,244
1,408
Payables & Accruals
- -
- -
- -
ST Debt
81
73
104
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.25%
10.21%
7.78%
Free Cash Flow
-267.88%
-520.03%
-120.05%
Net Income, GAAP
-232.66%
86.41%
21.05%
Sales/Revenue/Turnover
16.99%
27.12%
31.76%
Total Cash Common Dividend
44.44%
81.78%
111.29%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
493
633
691
876
2,693
2025
718
806
1,087
- -
3,549
2026
753
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.18
2025
0.06
- -
- -
- -
0.22
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.03
2025
- -
- -
- -
- -
0.06
2026
- -
- -
- -
- -
- -
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Business
Zhejiang Shibao Company Limited, founded in 1984 and headquartered in Hangzhou, China, specializes in the research, development, manufacturing, and sales of automobile steering gears and related steering system components. The company's main product portfolio includes electric recirculating ball (RCB) steering systems, electric power steering (EPS) systems for passenger vehicles such as C-EPS, P-EPS, DP-EPS, and HPS, hydraulic power recirculating ball steering systems, rack and pinion steering systems, steering boosters, and control valves. Zhejiang Shibao supplies these products primarily to automobile manufacturers, focusing on both fuel vehicles and new energy vehicles, with a strong presence in the Chinese automotive supply chain and partnerships with major automakers including Changan Ford and Daimler. In recent developments, Zhejiang Shibao completed a share reduction plan by its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd., reducing its stake by 2% through block trading, which affects the company's shareholder structure and market dynamics as of late 2025. The company also held a successful extraordinary general meeting in November 2025, approving governance amendments and appointing an independent non-executive director to enhance operational efficiency. Strategically, the company continues to invest substantially in R&D, dedicating over 4% of annual turnover to innovations in intelligent steering systems, such as wire-controlled steering and rear-wheel steering, strengthening its position in providing advanced safe, comfortable, and intelligent steering technologies. Zhejiang Shibao is recognized as a leading participant in the formulation of steering gear standards in China and has repeatedly received industry honors for innovation and supply chain excellence. The company operates within the automotive industry segments of steering system parts manufacturing and supply, targeting OEMs of passenger and commercial vehicles primarily in China but with implications for broader markets through its technological advancements and partnerships. Zhejiang Shibao maintains subsidiaries focused on product diversification, including commercial vehicle steering gears and modular steering system components. Its ongoing strategic focus includes expanding product offerings in electric power steering systems to support new energy vehicle markets alongside traditional automotive segments. Zhejiang Shibao's reputation as one of China's top automotive parts suppliers is underscored by its accolades from major automobile manufacturers and its integral role in the automotive steering gear industry.