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    Producer manufacturing

  3. •

    Auto parts: OEM
Zhejiang Shibao Co. Ltd. Class A

Zhejiang Shibao Co. Ltd. Class A

3.39
HKD
+0.08
(+2.42%)
0.13EPS
28.91P/E
15.10BMarket Cap
Zhejiang Shibao Co. Ltd. Class A
HKEX:1057
(Hong Kong Exchange)

Recent

price

3.39

P/E

ratio

28.91

div

yld

1.04%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.16
0.19
0.16
0.19
0.23
0.21
0.28
0.28
0.28
0.24
0.26
0.27
0.34
0.45
0.64
0.84
2.16
Revenue per Share
0.03
0.03
0.02
0.01
0.01
0.01
0.02
0.01
- -
-0.04
0.01
0.01
- -
0.02
0.04
0.04
0.11
Basic EPS, GAAP
- -
-0.03
-0.01
0.01
- -
- -
-0.01
-0.03
-0.04
-0.03
- -
-0.01
0.01
-0.01
-0.02
- -
- -
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
- -
- -
- -
- -
- -
- -
0.01
0.01
0.03
Dividend per Share
0.16
0.19
0.2
0.21
0.35
0.36
0.36
0.36
0.36
0.32
0.33
0.34
0.34
0.36
0.46
0.49
0.52
Book Value per Share
0.14
0.17
0.18
0.18
0.32
0.33
0.34
0.34
0.34
0.3
0.31
0.33
0.33
0.35
0.45
0.47
0.5
Tangible Book Value per Share
3,407
3,373
3,433
3,486
3,484
4,047
4,059
4,055
4,067
4,129
4,199
4,389
4,067
4,058
4,186
4,229
1,674
Basic Weighted Avg Shares
546
626
548
675
811
838
1,136
1,154
1,133
982
1,102
1,178
1,386
1,819
2,693
3,549
3,614
Sales/Revenue/Turnover
20.71
20.2
12.77
6.78
7.36
6.02
5.71
2.12
-0.98
-11.55
4.69
3.54
2.83
5.61
8.63
7.39
7.26
Operating Margin (%)
24
33
36
49
59
65
68
74
78
83
87
83
83
91
93
96
- -
Depreciation Expense
103
113
72
49
43
54
63
33
7
-177
41
34
16
77
149
181
179
Net Income, GAAP
12.07
12.11
13.34
10.3
13.47
13.25
18.12
17.28
- -
- -
4.32
7.59
1.98
- -
- -
- -
- -
Effective Tax Rate (%)
18.94
18.03
13.15
7.24
5.35
6.39
5.59
2.83
0.64
-17.99
3.71
2.9
1.14
4.24
5.54
5.09
4.95
Profit Margin (%)
196
193
236
184
805
802
753
689
635
366
391
437
461
559
996
948
957
Working Capital
20
30
16
3
2
1
10
11
10
9
9
19
44
35
- -
6
5
LT Debt
577
662
734
775
1,442
1,462
1,494
1,489
1,491
1,295
1,329
1,355
1,373
1,458
1,951
2,103
2,214
Total Equity
17.97
14.59
5.97
3.95
2.48
2.95
3.82
1.78
- -
- -
2.55
1.77
1.2
- -
- -
- -
- -
Return on Invested Capital (%)
18.7
16.68
9.39
6.34
4.69
3.76
4.1
2.63
- -
- -
3.59
3.19
1.2
- -
- -
- -
- -
Return on Capital (%)
20.31
18.92
10.62
6.69
4.01
3.74
4.35
2.22
0.49
-12.71
3.09
2.51
1.14
5.39
8.74
8.99
8.58
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
111
174
140
LT Borrowings
- -
- -
- -
LT Finance Leases
6
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,228
4,228
4,228
Market Capitalization
18,656
20,763
13,061

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,627
2,573
2,630
Cash, Cash Equivalents & STI
491
518
643
Accounts Receivable, Net
1,162
945
1,214
Inventories
506
526
529
Total Current Liabilities
1,679
1,599
1,672
Payables & Accruals
- -
- -
- -
ST Debt
111
174
140
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.25%
10.21%
7.78%
Free Cash Flow
-267.88%
-520.03%
-120.05%
Net Income, GAAP
-232.66%
86.41%
21.05%
Sales/Revenue/Turnover
16.99%
27.12%
31.76%
Total Cash Common Dividend
44.44%
81.78%
111.29%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
493
633
691
876
2,693
2025
718
806
- -
1,087
3,549
2026
753
968
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.05
0.05
0.05
0.04
2025
0.01
0.05
- -
0.04
0.04
2026
0.01
0.08
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.03
- -
0.01
2025
- -
0.06
- -
- -
0.01
2026
- -
- -
- -
- -
- -
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Business
Zhejiang Shibao Company Limited, founded in 1984 and headquartered in Hangzhou, China, specializes in the research, development, manufacturing, and sales of automobile steering gears and related steering system components. The company's main product portfolio includes electric recirculating ball (RCB) steering systems, electric power steering (EPS) systems for passenger vehicles such as C-EPS, P-EPS, DP-EPS, and HPS, hydraulic power recirculating ball steering systems, rack and pinion steering systems, steering boosters, and control valves. Zhejiang Shibao supplies these products primarily to automobile manufacturers, focusing on both fuel vehicles and new energy vehicles, with a strong presence in the Chinese automotive supply chain and partnerships with major automakers including Changan Ford and Daimler. In recent developments, Zhejiang Shibao completed a share reduction plan by its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd., reducing its stake by 2% through block trading, which affects the company's shareholder structure and market dynamics as of late 2025. The company also held a successful extraordinary general meeting in November 2025, approving governance amendments and appointing an independent non-executive director to enhance operational efficiency. Strategically, the company continues to invest substantially in R&D, dedicating over 4% of annual turnover to innovations in intelligent steering systems, such as wire-controlled steering and rear-wheel steering, strengthening its position in providing advanced safe, comfortable, and intelligent steering technologies. Zhejiang Shibao is recognized as a leading participant in the formulation of steering gear standards in China and has repeatedly received industry honors for innovation and supply chain excellence. The company operates within the automotive industry segments of steering system parts manufacturing and supply, targeting OEMs of passenger and commercial vehicles primarily in China but with implications for broader markets through its technological advancements and partnerships. Zhejiang Shibao maintains subsidiaries focused on product diversification, including commercial vehicle steering gears and modular steering system components. Its ongoing strategic focus includes expanding product offerings in electric power steering systems to support new energy vehicle markets alongside traditional automotive segments. Zhejiang Shibao's reputation as one of China's top automotive parts suppliers is underscored by its accolades from major automobile manufacturers and its integral role in the automotive steering gear industry.