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    Copper
Ningbo Boway Alloy Material Company Limited

Ningbo Boway Alloy Material Company Limited

601137.SS
Ningbo Boway Alloy Material Company LimitedCN flagShanghai Stock Exchange
22.66
CNY
+1.14
- -
20.80BMarket Cap
Ningbo Boway Alloy Material Company Limited
601137.SS
(Shanghai Stock Exchange)

Recent

price

22.66

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
6.32
5.66
5.52
5.65
6.58
7.61
8.56
9.23
10.86
11.39
10.79
12.63
17.02
22.6
23.84
- -
24.63
Revenue per Share
0.37
0.32
0.25
0.2
0.16
0.2
0.37
0.49
0.59
0.66
0.61
0.39
0.68
1.43
1.73
- -
1.71
Basic EPS, GAAP
-0.08
-0.68
-0.8
-1.17
-0.36
-0.06
-0.07
-0.37
0.19
-0.28
-1.31
-1.1
-0.52
0.72
-0.52
- -
-2.22
Free Cash Flow per Basic Share
0.07
0.12
0.1
0.1
0.12
0.12
0.11
0.15
0.21
0.17
0.28
0.3
0.3
0.38
0.6
- -
0.64
Dividend per Share
0.96
1.04
1.16
1.24
1.3
1.38
2.32
2.23
2.64
3.32
3.71
3.48
4.06
5.24
6.52
- -
6.61
Book Value per Share
0.73
4.13
4.16
4.26
4.29
5.16
6.04
5.14
5.26
5.18
6.93
6.44
7.24
8.58
10.31
- -
10.18
Tangible Book Value per Share
319
420
429
431
433
429
496
624
672
667
703
796
790
786
782
- -
812
Basic Weighted Avg Shares
2,016
2,380
2,369
2,435
2,853
3,270
4,243
5,758
7,297
7,592
7,589
10,044
13,448
17,756
18,655
- -
20,004
Sales/Revenue/Turnover
6.8
5.51
4.25
4.08
4.45
4.13
5.34
6.62
6.91
7.29
7.9
4.89
6.52
10.42
11.51
- -
10.8
Operating Margin (%)
19
26
27
34
68
106
122
157
204
229
265
295
352
440
470
- -
- -
Depreciation Expense
120
134
107
84
69
86
183
306
397
440
429
310
537
1,124
1,354
- -
1,392
Net Income, GAAP
12.52
11.61
9.29
10.76
13.04
9.24
3.7
5.88
12.48
4.62
7.4
8.23
10.52
12.61
12.45
- -
11.56
Effective Tax Rate (%)
5.94
5.65
4.53
3.45
2.43
2.63
4.32
5.31
5.43
5.8
5.65
3.09
3.99
6.33
7.26
- -
6.96
Profit Margin (%)
134
1,266
872
765
774
746
1,192
1,217
1,314
794
977
914
2,912
4,194
4,270
- -
5,269
Working Capital
60
- -
- -
- -
92
- -
- -
151
372
519
303
719
2,416
2,523
2,175
- -
3,741
LT Debt
343
1,849
1,913
1,956
1,993
2,359
3,125
3,321
3,844
3,754
5,175
5,419
6,017
7,108
8,420
- -
8,620
Total Equity
17.3
9
4.91
4.25
4.59
4.43
6.34
9
9.46
9.49
8.37
5.48
8.13
14.13
14.34
- -
13.19
Return on Invested Capital (%)
18.4
23.55
23.04
12.46
8.85
9.17
11.4
16.17
15.63
13.26
10.82
7.26
9.61
14.67
15.34
- -
12.28
Return on Capital (%)
47.61
36.15
22.95
16.31
12.65
14.89
21.04
24.05
25.06
22.07
17.8
11.54
17.98
30.7
29.38
- -
28.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,883
2,849
3,316
LT Borrowings
2,165
3,181
3,715
LT Finance Leases
10
9
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
811
812
812
Market Capitalization
15,678
16,327
14,450

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
10,620
11,201
12,100
Cash, Cash Equivalents & STI
2,277
1,894
2,309
Accounts Receivable, Net
2,150
2,245
2,465
Inventories
5,267
5,775
5,988
Total Current Liabilities
6,350
6,057
6,831
Payables & Accruals
- -
- -
- -
ST Debt
2,883
2,849
3,316
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,489
4,383
5,717
4,066
18,655
2025
4,964
5,257
- -
- -
- -
2026
5,661
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.34
- -
- -
- -
1.73
2025
0.39
- -
- -
- -
- -
2026
-0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.6
2025
0.05
- -
- -
- -
- -
2026
0.05
- -
- -
- -
- -
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Business
Ningbo Boway Alloy Material Company Limited, a prominent enterprise headquartered in Ningbo, China, specializes in the research, development, production, and sale of advanced non-ferrous alloy materials and new energy solutions on a global scale. Established in 1993, the company operates across diverse international markets, including Asia, Europe, and North America. The firm's operations are broadly segmented into New Materials and New Energy. Its New Materials division focuses on high-precision and high-performance non-ferrous alloy rods, wires, and strips, encompassing a wide array of products such as copper alloys for sophisticated molds, specialized pen alloys, brass, nickel-silver, and bronze alloy materials. This segment also produces high-strength, high-conductivity copper chromium zirconium alloy strips, precision copper nickel tin strips, and environmentally conscious, lead-free alloy compositions. These materials find critical applications across more than thirty industries, including aerospace, high-speed rail, electronics, telecommunications, automotive manufacturing, marine engineering, precision molding, and domestic appliances. Notably, its high-performance alloys have been integrated into significant national projects like the Shenzhou spacecraft and Chang'e lunar probes. The New Energy segment is dedicated to the innovation, manufacturing, and distribution of solar photovoltaic products, including monocrystalline PERC cells and both monofacial and bifacial PV modules, alongside the development and operation of photovoltaic power stations. Ningbo Boway Alloy Material is recognized for its robust research and development capabilities, supported by a National Enterprise Technology Center and a National Accredited Laboratory. The company has been proactively pursuing digital transformation since 2019, enhancing its capabilities in areas like digital R&D, manufacturing, and supply chain management. Furthermore, it has received commendations for its commitment to sustainability from organizations like EcoVadis and CDP, actively working towards increasing the proportion of recycled raw materials and clean energy usage in its operations. The company recently announced plans in November 2025 to establish a new production facility in Morocco, reflecting its ongoing international expansion strategy.