1. People's Republic of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Qijing Machinery Co., Ltd.

Qijing Machinery Co., Ltd.

603677.SS
Qijing Machinery Co., Ltd.CN flagShanghai Stock Exchange
17.19
CNY
+0.05
- -
3.31BMarket Cap
Qijing Machinery Co., Ltd.
603677.SS
(Shanghai Stock Exchange)

Recent

price

17.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
10.48
8.6
8.84
7.79
6.97
7.29
8.73
8.05
10.44
9.39
9.22
10.43
10.73
8.1
Revenue per Share
- -
- -
0.53
0.44
0.54
0.61
0.54
0.41
0.4
0.29
0.46
0.33
0.36
0.35
0.25
0.15
Basic EPS, GAAP
- -
- -
-0.28
0.59
0.74
0.33
-1.26
-0.38
-0.26
1.17
-0.28
0.47
0.57
-0.16
-0.52
-0.44
Free Cash Flow per Basic Share
- -
- -
0.7
0.13
0.17
0.15
0.35
0.19
0.23
0.49
0.13
0.34
0.19
0.45
0.31
0.29
Dividend per Share
- -
- -
0.76
1.03
1.42
1.86
2.02
2.5
2.63
2.36
2.7
2.7
2.87
2.99
2.95
3.01
Book Value per Share
- -
- -
1.47
1.68
2.14
2.63
4.37
5.1
5.19
4.93
5.34
5.38
5.53
5.52
5.57
5.6
Tangible Book Value per Share
- -
- -
119
142
143
144
185
189
191
194
192
192
192
192
193
193
Basic Weighted Avg Shares
1,163
992
1,252
1,219
1,260
1,118
1,292
1,381
1,666
1,559
2,005
1,804
1,772
2,004
2,068
1,560
Sales/Revenue/Turnover
5.92
8.84
8.51
9.37
10.43
11.3
10.6
7.77
6.99
6.35
6.14
4.51
5.84
3.93
3.87
3.68
Operating Margin (%)
22
25
28
29
31
32
36
46
56
65
73
80
83
86
92
- -
Depreciation Expense
10
32
63
62
77
88
100
78
76
56
89
64
69
67
48
29
Net Income, GAAP
50.86
32.79
23.13
27.04
27.28
24.9
22.29
20.21
15.53
8.61
7.62
3.16
6.11
3.84
7.68
7.58
Effective Tax Rate (%)
0.86
3.21
5.05
5.07
6.13
7.89
7.75
5.62
4.58
3.6
4.43
3.55
3.9
3.37
2.33
1.87
Profit Margin (%)
-137
-154
-27
32
83
143
447
589
678
662
713
752
493
636
753
673
Working Capital
- -
- -
- -
- -
- -
- -
- -
243
258
273
289
302
- -
206
340
243
LT Debt
135
161
258
320
384
457
887
1,041
1,074
1,038
1,107
1,116
1,157
1,155
1,166
1,170
Total Equity
- -
11.95
14.92
14.53
17.27
17.56
14.21
6.81
6.85
6.93
8.23
5.39
6.5
4.9
4.74
3.37
Return on Invested Capital (%)
- -
12.8
20.65
21.46
24.89
26.53
25.51
11.74
10.85
9.75
12.96
9.45
9.72
9.37
5.95
4.12
Return on Capital (%)
- -
23.83
53.66
52.29
44.31
37.55
31.19
18.32
15.66
11.72
18.2
12.34
12.92
11.97
8.44
4.98
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
93
120
LT Borrowings
- -
339
242
LT Finance Leases
- -
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
193
193
Market Capitalization
3,646
3,502
2,947

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
1,439
1,325
Cash, Cash Equivalents & STI
- -
210
139
Accounts Receivable, Net
- -
718
630
Inventories
- -
436
450
Total Current Liabilities
- -
686
652
Payables & Accruals
- -
- -
- -
ST Debt
- -
93
120
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.21%
2.38%
0.94%
Free Cash Flow
-157.42%
-54.68%
228.32%
Net Income, GAAP
-1.56%
1.45%
-28.49%
Sales/Revenue/Turnover
5.85%
6.61%
3.16%
Total Cash Common Dividend
44.47%
31.15%
-30.88%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
461
511
494
538
2,004
2025
513
544
- -
529
2,068
2026
487
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
- -
- -
- -
0.35
2025
0.1
- -
- -
- -
0.25
2026
0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.45
2025
0.02
- -
- -
- -
0.31
2026
0.01
- -
- -
- -
- -
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Business
Qijing Machinery Co., Ltd. is a precision manufacturing enterprise specializing in the research, development, design, production, and sales of high-precision components and parts across three primary sectors: home appliance components, automotive parts, and electric tool components. The company’s product portfolio includes washing machine clutches and injection molding parts, drum washing machine spare parts, dishwasher parts, engine parts, gearbox parts, engineering machinery parts primarily used in automobile engines, gearboxes, and hydraulic systems, as well as power tool parts such as shafts, cylinder sleeves, and tool handles. Founded in 1996 and headquartered in Ningbo, Zhejiang, China, Qijing operates subsidiaries in Ninghai, Hefei, Shanghai, Thailand, and other international locations. Qijing has recently undergone strategic expansions, including a capital increase of 1.6 billion yuan to bolster its operations of Qijing Industry (Thailand) Co., Ltd., evidencing its international growth ambitions. It has also transitioned towards intelligent manufacturing by adopting advanced international composite processing equipment, automated flexible production lines, intelligent logistics, and smart warehousing systems, developing a digital factory with comprehensive supply chain management automation. Moreover, Qijing is recognized as a National High-tech Enterprise and a National Green Factory, emphasizing sustainability and innovation in its manufacturing processes. The company’s recent focus includes diversification and rapid expansion of its automotive parts and electric tool component businesses, supplying to several renowned international firms. The company was acquired in part by Ningbo Industrial Investment Group Co., Ltd., which became its controlling shareholder in 2021, marking a significant ownership and operational shift towards state-owned assets supervision by the Ningbo Municipal People's Government. This acquisition reflects increased strategic alignment with local government industrial policies and resources. Qijing continues to maintain a leadership position in precision machining with a broad product range, serving primarily domestic and international markets in home appliances, automotive manufacturing, and electric tool industries through high-tech, digitalized, and environmentally conscious production facilities.