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    Oil & Gas Equipment & Services
Nanjing Develop Advanced Manufacturing Co., Ltd.

Nanjing Develop Advanced Manufacturing Co., Ltd.

688377.SS
Nanjing Develop Advanced Manufacturing Co., Ltd.CN flagShanghai Stock Exchange
24.87
CNY
-1.06
- -
4.84BMarket Cap
Nanjing Develop Advanced Manufacturing Co., Ltd.
688377.SS
(Shanghai Stock Exchange)

Recent

price

24.87

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.71
2.54
2.67
2.94
1.88
1.33
2.04
2.91
3.96
3.53
2.32
4.25
5.24
4.81
5.23
3.96
Revenue per Share
0.31
0.31
0.3
0.34
0.18
-0.23
0.02
0.3
0.54
0.4
0.14
0.52
0.62
0.37
0.52
0.34
Basic EPS, GAAP
-0.65
-0.3
-0.52
-0.16
-0.57
0.06
-0.15
0.1
0.15
0.18
-0.64
-0.9
-0.28
-0.33
0.14
-0.66
Free Cash Flow per Basic Share
0.09
0.25
0.17
0.08
0.08
0.08
0.07
0.05
0.04
0.02
0.14
0.02
0.16
0.22
0.16
0.15
Dividend per Share
1.03
1.07
1.21
1.78
1.96
1.73
1.71
1.92
2.38
2.68
2.35
2.78
3.21
3.31
3.7
3.82
Book Value per Share
2.21
2.39
2.28
2.61
2.82
2.59
3.07
3.26
3.87
7.37
6.34
6.72
7.26
7.12
7.57
7.76
Tangible Book Value per Share
131
147
151
152
151
151
167
173
175
201
227
231
231
233
231
229
Basic Weighted Avg Shares
354
373
402
445
283
201
340
503
694
708
528
983
1,210
1,124
1,207
906
Sales/Revenue/Turnover
17.72
17.36
17.09
16.05
10.71
-11.32
7.81
13.23
16.93
14.35
5.41
13.06
12.89
8.28
12.05
12.07
Operating Margin (%)
- -
- -
- -
- -
- -
33
32
33
35
41
43
44
64
71
100
- -
Depreciation Expense
40
45
45
52
28
-34
4
52
95
80
32
121
142
86
119
77
Net Income, GAAP
14.19
13.52
13.76
13.66
13.76
- -
19.91
13.12
12.38
11.51
4.08
9.67
11.74
11.36
9.14
10.97
Effective Tax Rate (%)
11.38
12.13
11.24
11.63
9.75
-16.94
1.22
10.32
13.66
11.33
6.1
12.36
11.77
7.62
9.89
8.53
Profit Margin (%)
24
52
2
43
79
32
132
184
257
991
800
782
657
575
571
595
Working Capital
40
21
- -
- -
57
57
40
20
7
24
33
31
28
140
100
100
LT Debt
310
374
403
454
482
448
565
618
729
1,531
1,492
1,622
1,742
1,792
1,891
1,912
Total Equity
- -
10.88
10.73
9.94
3.8
- -
3.05
7.69
12.6
7.32
1.74
6.95
7.49
4.11
6.04
4.35
Return on Invested Capital (%)
- -
14.2
13.66
12.48
5.53
- -
3.08
13.07
20.15
15.65
6.22
17.6
17.11
9.07
10.96
7.12
Return on Capital (%)
- -
30.99
26.62
22.93
9.77
-12.24
1.53
16.83
25.36
16.84
6.01
20.6
20.55
11.3
14.66
9.27
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
283
276
LT Borrowings
- -
82
82
LT Finance Leases
- -
18
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
234
234
234
Market Capitalization
7,365
7,023
6,930

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
1,401
1,359
Cash, Cash Equivalents & STI
- -
358
382
Accounts Receivable, Net
- -
429
423
Inventories
- -
448
452
Total Current Liabilities
- -
830
765
Payables & Accruals
- -
- -
- -
ST Debt
- -
283
276
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.84%
4.38%
5.47%
Free Cash Flow
-120.34%
-131.43%
-142.29%
Net Income, GAAP
111.15%
46.85%
39.43%
Sales/Revenue/Turnover
21.24%
16.83%
7.43%
Total Cash Common Dividend
114.72%
245.07%
-26.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
286
277
232
329
1,124
2025
271
292
- -
334
1,207
2026
280
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
- -
- -
- -
0.37
2025
0.09
- -
- -
- -
0.52
2026
0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.22
2025
0.01
- -
- -
- -
0.16
2026
0.01
- -
- -
- -
- -
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Business
Nanjing Develop Advanced Manufacturing Co., Ltd. (688377.SS) manufactures and sells specialized pressure-bearing components for oil and gas equipment, including wellhead and Christmas tree parts; subsea equipment components for deepwater drilling and production; fracturing equipment parts for shale gas operations; drilling and production equipment components; blowout preventer (BOP) elements; and high-pressure fluid transportation systems, with additional applications in wind power and nuclear power sectors. Founded in 2009 and headquartered at No. 8 Dixi Road, Liuhe District, Nanjing, China, the company serves major oilfield service providers such as TechnipFMC, SLB, and Baker Hughes through strategic partnerships, operating primarily in China and exporting to international markets including the United Kingdom, France, Brazil, Malaysia, Singapore, and the United States. In October 2024, Nanjing Develop completed the acquisition of 100% equity in Singapore-based HME Technologies Pte. Ltd., an OEM manufacturer of oil and gas equipment, to establish an overseas production base, optimize global supply chains, enhance localized manufacturing and sales capabilities, and mitigate trade barrier risks amid complex international trade dynamics. The company listed on the Shanghai Stock Exchange STAR Market in July 2020, employs approximately 1,013 people, and continues to focus on high-value-added products in deep-sea and fracturing segments while expanding capacity for高端 valves and piping components to broaden its oil and gas offerings and explore adjacent high-end equipment industries.