Zhangjiagang Furui Special Equipment Co., Ltd.

Zhangjiagang Furui Special Equipment Co., Ltd.

300228.SZ
Zhangjiagang Furui Special Equipment Co., Ltd.CN flagShenzhen Stock Exchange
8.10
CNY
+0.60
- -
4.84BMarket Cap
Zhangjiagang Furui Special Equipment Co., Ltd.
300228.SZ
(Shenzhen Stock Exchange)

Recent

price

8.10

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
1.45
2.15
2.91
4.77
4.66
3.18
1.87
3.76
3.38
3.32
3.79
3.01
2.8
5.28
5.77
5.37
5.26
Revenue per Share
0.14
0.19
0.27
0.54
0.51
0.04
-0.63
0.11
0.03
-0.69
0.15
0.08
-0.39
0.26
0.38
0.41
0.38
Basic EPS, GAAP
-0.25
-0.93
0.13
-1.18
0.08
-0.71
-0.55
-0.17
0.45
0.49
0.14
0.32
-0.01
0.11
0.36
0.84
-0.28
Free Cash Flow per Basic Share
0.03
0.04
0.07
0.12
0.19
0.18
0.1
0.1
0.15
0.09
0.09
0.07
0.05
0.04
0.06
0.09
0.07
Dividend per Share
0.45
0.6
0.91
1.37
1.77
2.22
1.65
1.81
1.98
1.09
1.23
1.37
0.86
1.11
1.47
1.79
1.51
Book Value per Share
0.39
1.52
1.56
2.01
2.47
4.46
3.11
3.38
3.67
2.54
2.64
3.35
2.72
3.21
3.82
4.25
3.87
Tangible Book Value per Share
319
374
428
430
430
409
474
464
427
473
476
528
573
575
576
587
586
Basic Weighted Avg Shares
462
804
1,245
2,052
2,004
1,303
887
1,746
1,445
1,574
1,806
1,587
1,605
3,039
3,322
3,150
3,084
Sales/Revenue/Turnover
13.4
12.5
13.76
16.93
16.88
5.73
-10.49
10.93
11.12
1.79
10.35
7.27
-2.27
9.81
11.29
13.33
12.3
Operating Margin (%)
12
15
25
36
49
66
102
114
114
112
97
104
122
148
172
172
- -
Depreciation Expense
45
70
114
234
218
16
-299
51
13
-327
71
42
-223
147
219
241
221
Net Income, GAAP
13.88
12.95
13.08
14.73
18.49
- -
- -
30.19
18.71
- -
44.3
12.77
- -
21.97
17.02
20.52
19.83
Effective Tax Rate (%)
9.81
8.72
9.14
11.39
10.88
1.26
-33.69
2.92
0.89
-20.76
3.95
2.66
-13.92
4.84
6.6
7.65
7.16
Profit Margin (%)
-1
362
342
420
460
715
286
375
358
108
390
756
461
569
1,022
1,403
1,161
Working Capital
20
- -
- -
13
101
55
173
63
41
31
138
7
79
21
26
30
42
LT Debt
201
643
743
1,036
1,232
2,028
1,788
1,850
1,835
1,407
1,459
1,965
1,756
2,025
2,384
2,665
2,441
Total Equity
16.07
13.71
14.78
20.03
14.24
- -
- -
4.86
4.91
- -
5.06
4.42
- -
10.48
13.26
13.13
12.31
Return on Invested Capital (%)
18.41
18.42
20.82
25.19
18.15
- -
- -
4.86
2.88
- -
6.75
5.04
- -
11.68
14.89
14.19
14.08
Return on Capital (%)
37.22
38.27
37.01
47.64
32.2
1.96
-35.32
6.29
1.52
-48.1
13.01
6.47
-36.81
26
29.52
25.41
27.9
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
147
133
137
LT Borrowings
19
19
18
LT Finance Leases
8
6
24
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
586
586
586
Market Capitalization
4,059
4,425
4,566

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,646
2,735
2,728
Cash, Cash Equivalents & STI
822
732
666
Accounts Receivable, Net
736
838
712
Inventories
805
797
908
Total Current Liabilities
1,624
1,618
1,567
Payables & Accruals
- -
- -
- -
ST Debt
147
133
137
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4%
13.77%
11.8%
Free Cash Flow
-129%
-161.9%
133.74%
Net Income, GAAP
-566.26%
-155.42%
9.98%
Sales/Revenue/Turnover
15.39%
16.49%
-5.2%
Total Cash Common Dividend
1.13%
8.6%
51.59%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
654
959
953
756
3,322
2025
713
662
786
- -
3,150
2026
793
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.38
2025
0.09
- -
- -
- -
0.41
2026
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.06
2025
- -
- -
- -
- -
0.09
2026
- -
- -
- -
- -
- -
Business
Zhangjiagang Furui Special Equipment Co., Ltd. is a China-based enterprise primarily engaged in the design, manufacture, and supply of high-end cryogenic and liquefied natural gas (LNG) equipment, serving both domestic and international markets. The company’s core product portfolio includes LNG liquefaction skids and modules, marine loading arms, LNG truck loading skids, truck loading arms, cryogenic storage tanks, regasification stations, non-standard heavy-duty pressure vessels such as chemical and marine engineering towers, heat exchangers, reactors, columns, and hydrogen core equipment. Additionally, it provides integrated LNG solutions encompassing gas recovery and processing, mobile LNG trailers, LNG plant remote supervisory control, maintenance services, EPC (engineering, procurement, and construction) works, and intelligent IoT-based LNG equipment applications. The company also manufactures vehicle gas supply system valves and advanced safety control systems for LNG and hydrogen applications. Founded in 2003 and headquartered in Zhangjiagang, Jiangsu Province, China, Zhangjiagang Furui Special Equipment Co., Ltd. operates a comprehensive industrial chain within the LNG sector, extending from liquefaction, storage, and transportation to terminal applications, including hydrogen energy equipment and IoT-enabled LNG station operation monitoring. The company has expanded its footprint through multiple wholly-owned and holding subsidiaries focusing on heavy equipment, LNG infrastructure, and energy service solutions. Recent strategic initiatives include the batch sales and further R&D of high-pressure hydrogen valve products targeting the growing hydrogen fuel cell vehicle market. The company continues to develop liquid hydrogen supply systems, advanced hydrogen fuel cell components, and expands its global business presence, emphasizing clean energy and intelligent equipment solution services aligned with trends toward hydrogen and LNG energy commercialization. Zhangjiagang Furui Special Equipment maintains a broad industrial focus covering oil and gas refining, chemical processing, gas separation, mining and metallurgy, clean and new energy sectors. The company integrates advanced embedded software, wireless communication, big data visualization, and cloud computing architecture in its product development and service offerings, aiming at enhancing LNG plant efficiency and safety. Supported by a registered capital exceeding USD 69 million, operations cover natural gas liquefaction projects, small to large-scale liquefaction plants, LNG/CNG refueling stations, cryogenic tank containers, and specialized pressure vessels using diverse materials including carbon steel, stainless steel, and special alloys. In recent years, Zhangjiagang Furui has pursued the globalization of its business layout in alignment with China’s Belt and Road Initiative, leveraging industrial and technological advantages to broaden its international market penetration. The company reported a revenue increase of 9.34% in 2024 alongside significant profit growth driven by the escalation of its main business sectors and enhanced industrial chain capabilities. Noteworthy operational developments include expanding the full LNG equipment manufacturing industry chain, advancing energy service offerings, and accelerating commercialization projects in green hydrogen and LNG fuel cell technology. The company adheres to a philosophy of technological innovation and aims to be a leading global clean energy intelligent equipment solution provider.