1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Industrial - Machinery
Zhejiang E-P Equipment Co Ltd

Zhejiang E-P Equipment Co Ltd

603194.SS
Zhejiang E-P Equipment Co LtdCN flagShanghai Stock Exchange
33.60
CNY
-0.33
- -
13.47BMarket Cap
Zhejiang E-P Equipment Co Ltd
603194.SS
(Shanghai Stock Exchange)

Recent

price

33.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
8.28
13.23
14.71
17.42
19.27
18.08
18.56
Revenue per Share
- -
0.74
1.11
1.84
2.37
2.47
2.14
2.35
Basic EPS, GAAP
- -
0.69
0.06
0.61
0.59
-0.76
-0.19
-1.81
Free Cash Flow per Basic Share
- -
0.09
0.13
0.14
0.04
0.04
0.89
0.71
Dividend per Share
- -
1.21
2.72
4.12
6.32
8.9
8.8
8.73
Book Value per Share
- -
2.37
4.23
5.29
7.72
13.48
12.76
13.03
Tangible Book Value per Share
- -
299
318
341
340
340
401
369
Basic Weighted Avg Shares
2,164
2,477
4,206
5,011
5,921
6,552
7,254
6,842
Sales/Revenue/Turnover
9.42
12.35
10.98
15.28
16.62
15.95
14.93
15.26
Operating Margin (%)
27
39
62
87
143
251
289
- -
Depreciation Expense
150
221
353
627
806
840
859
868
Net Income, GAAP
16.04
19.46
14.5
16
17.42
15.11
16.94
16.21
Effective Tax Rate (%)
6.92
8.94
8.39
12.51
13.61
12.82
11.84
12.68
Profit Margin (%)
177
399
971
1,230
1,418
2,602
2,629
2,772
Working Capital
- -
19
62
190
216
79
119
69
LT Debt
488
750
1,425
2,053
2,889
4,884
5,405
5,088
Total Equity
- -
32.8
31.8
33.13
29.21
20.33
16.09
18.44
Return on Invested Capital (%)
- -
51.33
45.6
45.9
37.82
26.7
22.51
25.13
Return on Capital (%)
- -
72.5
57.52
55.27
45.34
32.46
26.2
29.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
489
447
355
LT Borrowings
- -
- -
- -
LT Finance Leases
79
79
69
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
401
401
401
Market Capitalization
12,187
13,857
16,732

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,327
5,296
5,460
Cash, Cash Equivalents & STI
1,899
1,683
1,220
Accounts Receivable, Net
1,629
1,720
2,108
Inventories
1,145
1,231
1,246
Total Current Liabilities
2,725
2,635
2,688
Payables & Accruals
- -
- -
- -
ST Debt
489
447
355
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
50.89%
10.67%
Free Cash Flow
- -
112.17%
-71.05%
Net Income, GAAP
- -
34.41%
2.24%
Sales/Revenue/Turnover
- -
25.7%
10.7%
Total Cash Common Dividend
- -
508.24%
2,547.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,394
1,748
1,685
1,725
6,552
2025
1,541
1,890
2,010
- -
7,254
2026
1,739
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
- -
0.68
- -
2.47
2025
0.48
- -
- -
- -
2.14
2026
0.45
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
0.01
- -
0.04
2025
0.01
- -
- -
- -
0.89
2026
- -
- -
- -
- -
- -
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Business
Zhejiang E-P Equipment Co Ltd (603194.SS) manufactures and sells electric forklifts, lithium-powered warehouse equipment and other motorized industrial vehicles in China and internationally. Founded in 2007 and headquartered in Hangzhou, Zhejiang Province, the company offers a broad portfolio of products including electric counterbalance forklifts such as the EFL and CPD series with lithium-ion batteries; reach trucks like CQD and RQL models; stackers including RSC and ES series; electric pallet trucks such as EPT and WAL models; order pickers including JX and low-level EPT variants; very narrow aisle trucks; aviation ground equipment comprising baggage tow tractors, conveyor belt loaders and passenger stairs; tow tractors; internal combustion forklifts; and EP Energy lithium batteries and energy storage solutions. It operates production bases in Zhejiang Anji, Jiangsu, Fuyang, Hubei and a facility in Wisconsin, USA, serving warehousing, distribution, logistics and aviation sectors with a focus on green, intelligent material handling. In 2025, the company formed an original equipment manufacturer partnership with Germany's Jungheinrich to produce forklifts and warehouse equipment under the AntOn by Jungheinrich brand and advance electrification globally; hosted the 629 Innovation Launch Conference unveiling next-generation EFL series forklifts, high-voltage models, niche products and AGV warehousing concepts for international rollout; and won the Warehouse Truck of the Year at the IFOY Award 2025.